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Posts Tagged ‘real estate agent’

May 2010 Shelby County Foreclosure Analysis

June 17th, 2010 Comments off

Shelby County had 445 foreclosures in May 2010 up 12% from the prior year.

The average foreclosure amount was $41,506 (down 13% from May 2009) and the average foreclosure appraisal amount was $128,439 (down 1%).

Foreclosure Notices were down 14.3% from May 2009 with 976 filed for the month. Germantown East (38139) had the highest increase in notices from the prior year with 8 total for the month.

The Top Foreclosure inventory holders based on the total number of properties in inventory at the end of the month were: Fannie May (495), Housing and Urban Development (334) and Deutsche Bank (236).

The Top Zip Codes for Foreclosure inventory based on the total number of bank owned properities at the end of May were: Frayser-38127 (441), Westwood-38109 (417) and Raleigh-38128 (377).

The Top Residential Seller for May was Fannie Mae with 104 total sales averaging $66,706 and a total sales amount of $6.9 million.

Click here to review our free Residential Market Trend Reports.

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Read the lastest article on foreclosures from The Daily News here.

2nd Qtr “Master Your Market” Speakers Announced!

June 11th, 2010 Comments off

Please join us on Thursday, July 29th from 11:30AM-12:30PM at the Germantown Athletic Club Media Room to receive highlights on 2nd Quarter market trends for residential and commercial sales, mortgages, foreclosures and more!

Featured Guest Speakers

Joe Steffner, President, Grubb & Ellis/Memphis will provide an overview of the commercial real estate market in Shelby County.

H. McCall Wilson, Jr., President & CEO of The Bank of Fayette County will give insights on residential lending.

Each participant will receive a copy of our presentation, a boxed lunch and copies of our 2Q10 Market Trend Reports.

Click here to register today!

View our latest Market Trend Reports here.

Read the latest article on local real estate from The Daily News Online.

July Commercial Sales Recap

August 20th, 2009 Comments off

A total of 58 commercial sales were closed in July, up 14% from June and up 2% from July 2008.

Commercial property sales totalled $24,923,754 with an average sales price of $429,720.

The average price per square foot was up 66% from June to $40.16.

No commercial Bank Sales were closed in July, compared to 4 in June.

Click here to view Chandler Reports’ Quarterly Commercial Market Conditions Reports.