Tuesday, November 30, 2010


Dyersburg Real Estate Market Sales Statistics 2010

I may be jumping the gun by 3-4 hours but I wanted to bring you the Dyersburg real estate market sales statistics for the first 11 months of 2010 verses the same period last year.

First of all, total sales for the Dyer County Board of Realtors for first eleven months of 2009 were $60,105,076. As of today the 2010 numbers are $59,776,494. Two of my agents told me 2-3 of their HUD foreclosure sales were not counted in that total so I am calling it a statistical tie with last year. With sales pretty slow in the first half of the year, it appears that the last half picked up considerable.

Total houses listed in 2009 was 593 and number sold was 305 with 51.43% sold. Total houses listed in 2010 was 592 and number sold was 296 with 50% sold.

In 2009 average sold price was $91,629 and 2010 it was $92,399. In 2009 the average days on the market of sold listings was 155 and in 2010 it was 133.

Carousel Realty(my company) was in the #3 spot(out of 10 companies) for total sales at $6,658,168.

We continue to see quite a few foreclosures but not as many as this time last year.

My agents and I hope you had a great Thanksgiving and would like to wish you a Merry Christmas and a happy and prosperous new year.


Tuesday, November 23, 2010


Mennonites Wanting to relocate to the Dyersburg,Tn Area

I just got off the phone with a Mennonite and a committee up in Lancaster County Pennsylvania is trying to locate fertile farm ground for Mennonites to purchase and relocate to in the Dyersburg,Tn area.

If you own farm land in the Dyersburg/Dyer County area or in surrounding counties and are considering selling then this is your golden opportunity.I have a friend in Lancaster County Pennsylvania who tells me these people pay cash for what they purchase. Farm land is now going for up to $10,000 an acre in Pennsylvania but when my Mennonite contact heard me tell her $3500-$4500 an acre for fertile ground here she really got excited.

I cannot think of a group of people I would rather have as neighbors than the Mennonites or Amish. My staff and I are getting information together and are e-mailing much of it to them. Call me if you want them to look at your farm for purchase. It has to be fertile ground. My direct number is 731-589-7841.


Monday, November 22, 2010


Dyersburg Historic Low Mortgage Interest Rates Will Soon Be Gone

Normally I don't talk much about interest rates but when I got an e-mail from Roger Bell this morning it made me think about where rates are headed!

Conventional 30-year 4.375%
Conventional 15-year 3.75%
FHA 30-year 4.25%
VA 30-year 4.375%
Rural Development 30-year 4.5%

Take a good look at these rates because these will soon be headed back up. The Federal Reserve says our economy is growing too slowly so they have decided to spur inflation. Every time we have inflation interest rates go up. I will never forget the inflation that hit in the 70's when Jimmy Carter was president. Mortgage rates almost hit 20%. I don't believe that will happen this time but I do believe it will be several years(if at all) that we see rates below 7 or 8% again.

If you have been sitting on the fence waiting to buy, you better jump now or remain on that fence for a long time to come. Now is by far the best time to purchase Dyersburg real estate and lock in these low rates. Home prices are down, interest rates are down and now you need to jump down to take advantage of the current market.

Call me now to start the home buying process! Mike Frazier 731-589-7841

Update: 12/2/10 Rate sheet
Conventional 30-year 4.75%
Conventional 15-year 4.0%
FHA 30-year 4.625%
VA 30-year 4.625%
Rural Development 30-year 4.75%

Update December 13th, 2010

Conventional 30-year 4.875%
Conventional 15-year 4.25%
FHA 30-year 4.75%
VA 30-year 4.75%
Rural Development 30-year 4.875%

Update December 29th, 2010

Conventional 30-year 5.0%
Conventional 15-year 4.25%
FHA 30-year 4.75%
VA 30-year 4.875%
Rural Development 30-year 5.0%



Crayola Not Coming to Dyersburg

A few weeks ago, Allen Hester(Chamber President) spoke to the board of Realtors about economic activity in Dyersburg. At that time he mentioned a rumor going around about Crayola purchasing an existing building and relocating a plant here in Dyersburg.

Allen has called the Crayola Corporation to either get the rumor confirmed or denied. Crayola told him that they are not locating a plant here in Dyersburg.

I do however continue to work with several new families moving into the area to work at existing plants who are expanding their operations.

If you are a new family relocating to Dyersburg with a job, I would be happy to assist you with your relocation to our great city of Dyersburg. I can assist you with rentals or help you find and purchase a home. My direct number is 731-589-7841.


Friday, November 19, 2010


Clients Asking Me To Take Videos For them

I have some out of town clients who found me on the internet to ask me to video some properties inside and send them the links. I am able to do that with my flip video camera and I edit and publish the finished product on youtube.

Here is a video I did yesterday for a client.

If you are contemplating a move to the Dyersburg area and want more than traditional Realtors are willing to provide, just call or text me at 731-589-7841.


Friday, November 12, 2010


Very Busy Week With Clients Ends Tomorrow

This is the first time in quite some time that I have shown Dyersburg real estate almost everyday of the week. I still have some second showings tomorrow morning.

On Monday my family moving here from central Kentucky came down and the wife looked at property with me while the husband completed his final job interview at a plant here.They have 6 kids so we only looked at the larger homes. We have not decided on one yet and the wife will be back in a few days to look some more. They really need at least a 6 bedroom and the price range is between $200,000 and $285,000.

On Tuesday my middle Tennessee family came in to look and they have narrowed down their list to 2 properties. We go back tomorrow to make the final selection.

On Wednesday a doctor and his family came in and we looked at property and they have made their final pick.

On Thursday my clients from Natchez, Mississippi came in and we started looking at property at 2pm. I could not start any sooner as I had to march in the veterans parade and then eat at the national guard armory with the vets. However, this family narrowed their final list down to 3 and I am sure they are having a hard time deciding which one to buy.

Today, I caught up on my e-mail and also helped my maintenance man change out a water heater in one of our rental apts.

Tomorrow I wrap up the week hopefully with another contract and happy clients.

If you have a 6+ bedroom house you are considering selling, I have the client so call me or text me at 731-589-7841.


Wednesday, November 10, 2010


New Client Looking for Classy 4 Bedroom House in Dyersburg

A few days ago a new client called me and announced she would arrive in Dyersburg tomorrow and she is looking for a 4 bedroom classy house. I asked her what she meant by classy and she said a older house with lots of curb appeal, mature trees and a garage not on the front of the house. The price range is between $120,000 and $190,000.

I have several houses set up for her to see but if you want to get on my list of Dyersburg real estate to show her please let me know today if possible.

Please contact me directly at 731-589-7841.


Tuesday, November 09, 2010


Clients Moving to Dyersburg Looking for Information

Two different new clients have contacted me in the last 7 days to tell me they are relocating to the Dyersburg Tn area and I am the only one they are finding online providing quality information about the Dyersburg real estate market.

I have been blogging for almost 10 years now and I have written a lot of information trying to assist people with Dyersburg relocation information.

The call yesterday told me she has been reading my blogs for quite some time and feels like she already knows me.

If you are looking for an experienced agent to help you gather information to make an "informed" Dyersburg real estate purchase, then look no further. My cell number is 731-589-7841.


Thursday, November 04, 2010


West Tennessee River Port Now Fully Funded

As I mentioned in my last post, the proposed river port in Lake County has received the final monies needed to get the project underway.

Here is an article carried by the state gazette newspaper and the associated press.

Associated Press - November 3, 2010 1:35 PM ET

DYERSBURG, Tenn. (AP) - A new port in Lake County is now fully funded. Construction can begin as soon as the port authority receives the guidelines for using the $13 million in federal grant money it received.

Northwest Tennessee Port Authority Chairman Jimmy Williamson made the announcement on Monday after the authority secured the final $3 million for the Port of Cates Landing. The State Gazette reports the money will come from state matching funds. Gov. Phil Bredesen had already earmarked $4 million for the project.

The port on the Mississippi River is projected to cost $20 million total.

Williamson thinks the port should be completed within 18 months once construction starts.

An economic study from Middle Tennessee State University found the port should bring 1,700 jobs to the region and retain 2,293 related jobs.


Tuesday, November 02, 2010


Dyersburg Chamber President Speaks at Realtor Luncheon

Yesterday Allen Hester spoke at our Dyersburg Board of Realtors luncheon/meeting. He spoke about 30 minutes and shared lots of information about the growth of Dyersburg and potential industry relocating to Dyersburg.

Let me share some of his thoughts here:

1.There are 6 different potential companies looking at our spec building in the new industrial park. Lots of information about Dyersburg has been shared with all 6 and he is hopeful one of these will commit soon. He also mentioned a rumor he heard but
but so far unable to confirm that Crayola is looking at the former world color building in Dyersburg.
2. There are 4 plants already in Dyersburg with imminent plans for expansion(says he is sworn to secrecy)
3. New prospect activity has already almost double from this time last year.
4. Excel Polymers factory just sold to another company.(my-Mike's sources inside and out tell me this is a win/win deal)and they have added 20 new jobs since Jan 2009
5. Sun Products Corp(former Huish detergents) has added 55 new jobs since Jan 2009
6. NSK Steering systems(here a couple of years now) has added 62 new positions since Jan 2009
7. ERMCO Transformers factory has added 5 new jobs since Jan 2009
8. Firestone(makes car parts) added 9 new jobs since Jan 2009
9. Colonial DPP(rubber plant) has added 23 new jobs since Jan 09
10. Nordyne(new plant here about 6-7 yrs ago and makes central AC units) has added
146 new jobs since Jan 2009
11. The river port just north of us is now being funded and constructed.
13. Interstate I69 is under construction and planned to come through Dyer
County close to Dyersburg
14. There is a mega site purchased and paid for in Haywood County with 3400
acres and when a car company or other industry builds here many employees will
live and shop in Dyersburg
15. Heckathorne Off Road Products has bought the former Thomas Industries building
because they have outgrown their current location

As you can see I am pretty excited about Dyersburg(as is Allen) and believe we have a bright future. Allen did not mention the growth going on in Newbern(8 miles northeast of Dyersburg and part of Dyer County. Briggs and Stratton and Eaton Corporation have both been hiring new employees. He also failed to mention the steel related industries just across the river who have been employing so many people who live in Dyersburg.

We have a very active Dyersburg/Dyer County Chamber of Commerce and a great president leading our chamber. Allen, if you read this thanks for all your hard work and for speaking to us yesterday!

If you are moving to Dyersburg and need help with your relocation, please give me a call at 800-896-8016 or text me at 731-589-7841.


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