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Memphis & Shelby County New Housing Activity Through 3Q 2013

October 31st, 2013 Comments off

Through the first 3 quarters of 2013, we have seen a 7.3% increase in new home sales and a 2% decrease in new home starts from the same period in 2012.

The Top Subdivisions Based on New Home Sales Through 9/30/2013

  • Kensington in Arlington: 34 sales averaging $219,620
  • Schilling Farms in Collierville: 32 sales averaging $308,565
  • Fountain Brook in Cordova North: 31 sales averaging $190,842
  • Gerland Creek in Southeast Shelby County: 26 sales averaging $145,856
  • Wolf River Ranch in Collierville: 20 sales averaging $448,711

The Top Subdivisions Based on New Home Starts Through 9/30/2013

  • Wolf River Ranch in Collierville: 43 permits averaging $371,244
  • Gerland Creek in Southeast Shelby County: 31 permits averaging $170,615
  • Kensington in Arlington: 30 permits averaging $199,736
  • Woodgrove in Collierville: 23 permits averaging $252,939
  • Fountain Brook in Cordova North: 22 permits averaging $192,552

Regency Home Builders is the Top Builder in Shelby County with 163 new home sales and 176 new home starts recorded in the first 9 months of the year.

Download our 3rd Quarter New Housing Analysis & Charts to review the most active new housing zip codes in the county with new housing trends for the past 10 years.

New Housing Inventory Analysis & Charts - Shelby County

July Home Sales Results

August 5th, 2010 Comments off

After astounding results in the second quarter of the year, July fell flat with only 1,161 home sales, down 21% from July 2009 and down 26% from the prior month.   

Average sales prices were only down slightly by 1% from the prior year to $130,782 and were down 2% from June. 

On a postive note, Bank Sales were down 33% from July 2009 and down 23% from June with only 359 recorded for the month.
 
New Homes Sales were up 11% with 98 closed in July compared to 88 closed in July 2009.
  
Foreclosures were down for the month with only 437 recorded, an 18% decrease from July 2009.
 
There was a decrease in foreclosure notices as well, down 30% from the prior year.
 
While many will see the dip in July’s home sales as a negative indicator that perhaps the market hasn’t quite turned around, total sales revenues are still up 3% for the first 7 months of this year from 2009. Year-to-date sales sit at just over $1 billion compared to the same time last year when we were at $996 million.
 
Click here to review our July Residential Market Trend Reports!
 
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