Tuesday, February 27, 2007
Mississippi gets new Toyota plant
According to the Associated Press and other press entities, Tupelo,Ms. will be the new home of the Toyota "Highlander" SUV manufacturing facility. The announcement was made in Tupelo by 2 Toyota vice presidents and Governor Hailey Barbour. The site is a 1700 acre tract at Blue Springs near Tupelo.
My pick was the Marion,Ark location. I believe you will continue to see a trend of the automakers building plants here in the south.
According to local sources the NSK steering columns plant coming to Dyersburg has already made a decision to increase their plant size. There is also reliable sources stating that a ceramic tile manufacturing plant is planning to build a new factory here in Dyersburg,Tennessee. More news soon!!
My pick was the Marion,Ark location. I believe you will continue to see a trend of the automakers building plants here in the south.
According to local sources the NSK steering columns plant coming to Dyersburg has already made a decision to increase their plant size. There is also reliable sources stating that a ceramic tile manufacturing plant is planning to build a new factory here in Dyersburg,Tennessee. More news soon!!
Labels: getting one, growing one, Missed one
Saturday, February 17, 2007
Get ready for Dyersburg to grow grow grow
I received a google alert yesterday and read the alert and it was an article written on another blog about a piece of property that I sold and closed on Friday. My friend and fellow realtor Jimmy wrote about my sale (thank-you Jimmy) and I have copied and pasted a portion of his post here:
----Hwy 51 Bypass
Yesterday's sale on the Hwy 51 Bypass tells the whole story. Dyersburg real esate is more valuable now than ever. The records show that a parcel of land on the 51 Bypass - East sold for $175,000. It has 135' of road frontage and is approximately 2/3 of an acre. That's right at $1,300 per front foot on the Bypass.----
In an earlier post I mentioned that the commercial activity was about to really get going. This commercial lot that sold on Friday is just the tip of the iceberg. There are ongoing negotiations on other commercial land parcels so please come back as I expect more exciting news on commercial land purchases as well as news of other industries relocating to the Dyersburg area.
----Hwy 51 Bypass
Yesterday's sale on the Hwy 51 Bypass tells the whole story. Dyersburg real esate is more valuable now than ever. The records show that a parcel of land on the 51 Bypass - East sold for $175,000. It has 135' of road frontage and is approximately 2/3 of an acre. That's right at $1,300 per front foot on the Bypass.----
In an earlier post I mentioned that the commercial activity was about to really get going. This commercial lot that sold on Friday is just the tip of the iceberg. There are ongoing negotiations on other commercial land parcels so please come back as I expect more exciting news on commercial land purchases as well as news of other industries relocating to the Dyersburg area.
Labels: Bloggers discuss Dyersburg Tn real estate market
Monday, February 12, 2007
More about megasite near Bells,Tn
I ran across this article written by Mike Randle in the Southern Business & Development Magazine. He discusses the current megasites available to industry across the south. In an earlier post I discussed this location as a possible site for a Toyota plant. After further research and reading, I believe that plant will end up in Marion,Arkansas. This is also the opinion of the folks at Southern business & Development magazine.
With that being said, the site(about 20 miles from Dyersburg) should eventually end up with an automobile manufacturer as many of them are trying to build plants in the
"southern auto corridor". If you would like to read more about this story and about the automotive industry relocating to the south just click on this link: www.sb-d.com
Here's that article:
West Tennessee Automotive Park Crockett County, Tennessee
The latest in a handful of sites anointed by the South's most powerful economic development entity, the Tennessee Valley Authority, the 1,600-acre supersite in Crockett County is located in Fruitvale near Bells, Tenn. It is the second site in Tennessee and the fifth in the South to be certified as a megasite by TVA and its consultant, McCallum Sweeney of Greenville, S.C. The site is located just north of Interstate 40 near Interstate 155, 60 miles northeast of Memphis and 15 miles northwest of Jackson, Tenn. We haven't visited the site as we have many of the others we've written about over the years, however, if TVA has certified it -- there are dozens of sites in TVA territory that have submitted for certification since 2003 and have not received it as of yet, nor will they -- then it's good by our book.
Acres: 1,600Outstanding Features:
* TVA certified* CSX mainline nearby* More than 1,000 contiguous acres* Being marketed as an automotive assembly site exclusively.
I expect to return in a few days with the announcement of where Toyota is going to build that car plant.
With that being said, the site(about 20 miles from Dyersburg) should eventually end up with an automobile manufacturer as many of them are trying to build plants in the
"southern auto corridor". If you would like to read more about this story and about the automotive industry relocating to the south just click on this link: www.sb-d.com
Here's that article:
West Tennessee Automotive Park Crockett County, Tennessee
The latest in a handful of sites anointed by the South's most powerful economic development entity, the Tennessee Valley Authority, the 1,600-acre supersite in Crockett County is located in Fruitvale near Bells, Tenn. It is the second site in Tennessee and the fifth in the South to be certified as a megasite by TVA and its consultant, McCallum Sweeney of Greenville, S.C. The site is located just north of Interstate 40 near Interstate 155, 60 miles northeast of Memphis and 15 miles northwest of Jackson, Tenn. We haven't visited the site as we have many of the others we've written about over the years, however, if TVA has certified it -- there are dozens of sites in TVA territory that have submitted for certification since 2003 and have not received it as of yet, nor will they -- then it's good by our book.
Acres: 1,600Outstanding Features:
* TVA certified* CSX mainline nearby* More than 1,000 contiguous acres* Being marketed as an automotive assembly site exclusively.
I expect to return in a few days with the announcement of where Toyota is going to build that car plant.
Labels: southern megasites
Monday, February 05, 2007
Dyersburg Tennessee real estate hot in February 2007
I wanted to work on this post this past Saturday the 3rd of February but clients and other realtors kept calling and keeping me busy. I came to the office about 10am and found one of my best agents busy writing a contract. She had just returned from showing a property. I then got a call from another realtor(in another office) who wanted to drop off a contract on one of my listings. I only listed that home 1 week ago. We negotiated that contract all weekend and now my seller will be homeless at the end of the month.
What is the Dyersburg,Tennessee real estate market doing? For homes priced within 2 % of what they would appraise for today, they are selling rather quickly. For homes listed by inexperienced realtors(who often let the seller talk them into an overpriced listing), these homes are on the market for months and months.While not all homes that are priced at or near market value are selling as quick as the home above, most are selling within 60 days. In every sales meeting, I emphasize the importance of pricing listings according to their value today.
For you potential home buyers, ask your realtor to let you sign a buyers agent form which will require them to search the MLS, FSBO's and even knock on doors to find you that right home. And, ask that realtor to perform a market analysis on any home that you are thinking about purchasing.
When you have a seller listed by a professional realtor and a potential buyer signed up with a professional realtor, you end up with a happy seller and a happy new homeowner.
What is the Dyersburg,Tennessee real estate market doing? For homes priced within 2 % of what they would appraise for today, they are selling rather quickly. For homes listed by inexperienced realtors(who often let the seller talk them into an overpriced listing), these homes are on the market for months and months.While not all homes that are priced at or near market value are selling as quick as the home above, most are selling within 60 days. In every sales meeting, I emphasize the importance of pricing listings according to their value today.
For you potential home buyers, ask your realtor to let you sign a buyers agent form which will require them to search the MLS, FSBO's and even knock on doors to find you that right home. And, ask that realtor to perform a market analysis on any home that you are thinking about purchasing.
When you have a seller listed by a professional realtor and a potential buyer signed up with a professional realtor, you end up with a happy seller and a happy new homeowner.
Labels: Cold But Hot Dyersburg Real Estate Market
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