Great buy at lakewood near Dyersburg,Tn 38024

This is a new listing at Lakewood community(just north of Dyersburg,Tn 38024). This property is priced to "sell" so I went out and shot this video. This is a 3 bedroom 2.5 bath brick home priced at $187,500.
Please contact me at 800-896-8016 for more information or to request a showing!

Mike Frazier | Carousel Realty | 731-589-7841 41 Chestnut Circle, Dyersburg, TN Home in Lakewood listed by Elaine Slaughter at All-Star Realty 3BR/2.5BA Single Family House offered at $187,500 Year Built 1989 Sq Footage 2,470 Bedrooms 3 Bathrooms 2 full, 1 partial Floors 1 Parking 2 Car garage Lot Size 52,272 sqft HOA/Maint $0 per month DESCRIPTION Nice deck on back of the house. Lots of lake frontage w/boatdock(belongs with this property) see additional photos below PROPERTY FEATURES Central A/C Central heat Fireplace High/Vaulted ceiling Walk-in closet Hardwood floor Dining room Dishwasher Refrigerator Stove/Oven Laundry area - inside Balcony, Deck, or Patio COMMUNITY FEATURES Lake ADDITIONAL PHOTOS Seller contact info: Mike Frazier Carousel Realty 731-589-7841 For sale by agent/broker Equal Opportunity Housing Posted: May 15, 2008, 8:25am PDT

New lakefront property listed at Lakewood! from Mike Frazier on Vimeo.

Dyersburg Tn real estate business returning to normal

If you watch much TV, you will be convinced that the real estate business and home prices are suffering everywhere!

The Dyersburg real estate market is actually doing very well. We were in our weekly training/staff meeting and we discussed "our" sales to date. For me personally, I have already surpassed all of last year. My top agent has also surpassed last year
and it is just May 1st.

In our market today, there are lots of investors buying rental property. In the normal cycle of recovering from slow sales, single family homes recover first followed by rental property.

However, many people are relocating to Dyersburg or our market area for the available jobs but have been unable to sell their homes. These people are renting homes and apartments at a record level.

We are also starting to see a recovery in single family homes. I noticed yesterday that there are about 20 single family homes pending(waiting to close). This is a very healthy number considering the statistics across the country.

Aviation Repair Technologies company to locate at the old Blytheville Air Force Base

On Saturday, my family and I went to a birthday party in Jackson,Tn for one of my clients daughters. While there, my wife and I met a lady who lives and works in Blytheville,Arkansas and she asked me if I heard about the new company coming to Blytheville. I told her no but I would research it.

I just found an article online discussing the new industry coming to Blytheville. This article is written in the Arkansas Business.com website by Mark Friedman.

This new plant is expected to cost about $20,000,000 and projected to hire between 310 and 440 workers within 3 years. The average pay is projected to be $20 an hour.

The location for this new venture is the Arkansas Aeroplex(old Blytheville Air Force Base) where there is a very nice 10,000+ ft long runway. Sometimes I practice IFR approaches into this runway. I assume that this will no longer be allowed once they start construction.

The lady I was talking to about this said she wished all these employees would relocate in and around Blytheville but she knew that many would choose to live in Dyersburg,Tennessee because of the excellent housing,schools, shopping and doctors.

Dyersburg will indeed benefit tremendously from many of these new workers choosing to live in the Dyersburg area. As I have said in many posts in the past, Dyersburg is by far the relocation choice of many people working in the Blytheville area.

I plan to return here with more information as it becomes available!

Plans off for new steel mill in Blytheville

A few days ago Warren Fabricating & Machining corporation made an announcement that due to economic conditions they are postponing the construction of a new plant in Blytheville,Arkansas.

I recently talked to an engineer who attended the meeting in Nashville when the State of Tennessee met with Warren Fabricating concerning tax incentives for locating in Tennessee(Cates Landing).

It was announced a few days later that Warren had picked Blytheville because of incentives offered by Arkansas but right after that it was announced that the plans were off.

My source(engineer) told me these people really wanted to go to Cates Landing but all the funding has not been secured so Cates Landing might not be completed as quick as originally planned.

I really believe Warren is waiting for the infrastructure to be in place at Cates Landing and then they will "renegotiate" with the State of Tennessee and announce their intent to build a new plant here in Tennessee at Cates Landing.

Bad news is still good news for Dyersburg!

A few weeks ago, I did an article on a possible new steel mill being constructed at Cates Landing in Tiptonville,Tn. The name of that company is Warren Fabricating and Machining Corporation.

I have bad news then good news! The bad news is that this company did not choose to locate this steel mill in Tiptonville. The good news is that they instead chose to build in Blytheville,Arkansas.They are projected to employ as many as 1000 people.

Why is this good for Dyersburg? First of all for the jobs. This will be another industry just across the river with good paying jobs. I have a lot of friends right now working across the river at steel mills or related industries.This will be good for our residents that chose to work there. Secondly, this will be good for Dyersburg because a large percentage of the people that work in the steel mills and related industries in or near Blytheville chose to live in or just outside Dyersburg.

The news about this company choosing Blytheville,Arkansas over Tiptonville,Tennessee can be read in the Union City Daily Messenger or by clicking on this link to that article.

Dyersburg selected as one of the best small towns to retire to!

A few days ago, I wrote an article on-line about a handful of small towns in the southeast chosen as having the lowest cost of living. The article went on to say that in the entire southeast, these 6 towns are the best areas to retire to based on a fixed income.

In that article I quoted from several sources who also picked up on the "great" news of Dyersburg's selection.

I am excited about Dyersburg's future and know that you either enjoy living here or will in the future. Here is that article.

Market report Jan 1 - Feb 12, 2008

A few days ago I pulled data from our MLS. Here is what I came up with:

First of all, there were 31 single family homes sold in our MLS. Of these,12 were foreclosures. For the same period last year there were 44 homes sold.

The average days on market for these current sales was 121 days verses 89 for last year.

The "hottest selling price range" in Dyersburg is $90,000-$150,000. Within this price range, there were 16 single family houses sold with 3 of these being foreclosures.

What was startling to me was the average sales price to list price ratio for the homes that sold $90,000 and above(excluding the foreclosures). That ratio came out to 93.5%.

Although some signs up above prove that foreclosures are a small problem here, the bigger picture reflects that the Dyersburg real estate market is still pretty healthy.