Thursday, December 22, 2011
December Closings Brisk & Merry Christmas
Dyersburg real estate December closings have been brisk and I look for that to continue through New Years. I still have 5 properties I am hopeful that will close before the end of the year. Looking at the stats on the MLS there have been many many closings this month with lots more pending including several of my agents' deals .
After the end of the month I will do a Dyersburg real estate 2011 statistics post so come back for that.
This will be my last post before Christmas so let me wish each and everyone of you a Happy and Merry Christmas. Enjoy the time with your family and friends.
After the end of the month I will do a Dyersburg real estate 2011 statistics post so come back for that.
This will be my last post before Christmas so let me wish each and everyone of you a Happy and Merry Christmas. Enjoy the time with your family and friends.
Labels: Blogger discusses Dyersburg Tn real estate market
Thursday, March 31, 2011
1st Quarter Dyersburg Real Estate Market Statistics
As promised a few posts ago here are the first quarter results for sales in the Dyersburg,Tn area.
First of all I said in an earlier post that this quarter would surpass last year but according to these hard numbers that is not the case.
For all the areas that the Dyersburg realtors service, the total sales for the first quarter of 2011 were 64 units and $4,378,090. For the same time last year(2010) the total sales were 78 units and $6,232,262. This would be a decrease of about 19%. I believe part of the reason for the decrease is because the bank lending standards continue to tighten preventing some to purchase that would have qualified in 2010.
The numbers also reflect that Dyersburg and Dyer County fell by 14% and all the other areas had larger drops to bring us that total area 19%.
In Dyersburg the average sales price was $62,832 verses $74,002 a year ago which is a drop of 15%.
I believe what brought the average sales price down so much was the foreclosures here in the Dyersburg area.
One bright spot for the Dyersburg real estate market, the pending home sales appear to be up over this time last year and I believe that is a trend that was just reported nationally.
First of all I said in an earlier post that this quarter would surpass last year but according to these hard numbers that is not the case.
For all the areas that the Dyersburg realtors service, the total sales for the first quarter of 2011 were 64 units and $4,378,090. For the same time last year(2010) the total sales were 78 units and $6,232,262. This would be a decrease of about 19%. I believe part of the reason for the decrease is because the bank lending standards continue to tighten preventing some to purchase that would have qualified in 2010.
The numbers also reflect that Dyersburg and Dyer County fell by 14% and all the other areas had larger drops to bring us that total area 19%.
In Dyersburg the average sales price was $62,832 verses $74,002 a year ago which is a drop of 15%.
I believe what brought the average sales price down so much was the foreclosures here in the Dyersburg area.
One bright spot for the Dyersburg real estate market, the pending home sales appear to be up over this time last year and I believe that is a trend that was just reported nationally.
Labels: Blogger discusses Dyersburg Tn real estate market
Friday, March 11, 2011
Dyersburg Real Estate Market Is Improving
Over the last several weeks I have mentioned increased job openings in the Dyersburg,Tennessee and surrounding area. Jobs are normally one of the first leading indicators of economic recovery. As people get jobs they start spending money and also buying houses.
All of my agents are busy showing properties and writing sales contracts and closing deals.
House values had been dropping but it appears that the values have stabilized and homes are selling. I will bring you some hard stats in the next post or two to validate what I am saying.
Another good sign for the Dyersburg real estate market is that the # of new foreclosures hitting the market is declining and also the # of houses selling on the courthouse steps(as part of foreclosure process) is also declining.
All of my agents are busy showing properties and writing sales contracts and closing deals.
House values had been dropping but it appears that the values have stabilized and homes are selling. I will bring you some hard stats in the next post or two to validate what I am saying.
Another good sign for the Dyersburg real estate market is that the # of new foreclosures hitting the market is declining and also the # of houses selling on the courthouse steps(as part of foreclosure process) is also declining.
Labels: Blogger discusses Dyersburg Tn real estate market
Friday, January 07, 2011
Dyersburg Real Estate Market Improving But Still Some Problems
For the last 3-4 months the Dyersburg Real Estate market has been showing signs of improvement. However, there are still two problems plaguing the Dyersburg real estate market. Actually there are three but the foreclosures appear to be on the decline so I am not counting those.
1. Our biggest problem is finding comparable sales to support the increasing number of regular or normal(non foreclosures) house sales. It is one thing to write a contract and both buyer and seller agree to the terms but it is another thing just trying to find normal comparable sales within the last 3-6 months. The appraisers have to have 3 sold comparables and 3 listed comparables. This problem will probable last for at least the next year as house prices creep back up.
2. Our second biggest problem is buyers who still think the real estate market is not turning and they can still "steal" properties. Folks, we have bounced off the bottom and the real estate market in Dyersburg is going back up.
1. Our biggest problem is finding comparable sales to support the increasing number of regular or normal(non foreclosures) house sales. It is one thing to write a contract and both buyer and seller agree to the terms but it is another thing just trying to find normal comparable sales within the last 3-6 months. The appraisers have to have 3 sold comparables and 3 listed comparables. This problem will probable last for at least the next year as house prices creep back up.
2. Our second biggest problem is buyers who still think the real estate market is not turning and they can still "steal" properties. Folks, we have bounced off the bottom and the real estate market in Dyersburg is going back up.
Labels: Blogger discusses Dyersburg Tn real estate market
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.
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.
Labels: Blogger discusses Dyersburg Tn real estate market
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.
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.
Labels: Blogger discusses Dyersburg Tn real estate market
Thursday, June 03, 2010
Dyersburg Real Estate Market Heating Up
For the last couple of weeks it seems that all of a sudden houses are selling in all price ranges. I did not expect this with the tax credit ended last month but I guess pent up demand as well as record low interest rates is beginning to drive this market.
When I pull up a MLS listing with another company and call to check on it, often times it just came under contract. I just closed a house last week and all of my agents are closing houses this week and next. Also, we are all working like crazy showing properties and writing contracts.
It is almost like a faucet was opened and the Dyersburg Real Estate Market started pouring out.
I will return here in the next 30 days with some hard numbers to show what is going on in the Dyersburg market.
When I pull up a MLS listing with another company and call to check on it, often times it just came under contract. I just closed a house last week and all of my agents are closing houses this week and next. Also, we are all working like crazy showing properties and writing contracts.
It is almost like a faucet was opened and the Dyersburg Real Estate Market started pouring out.
I will return here in the next 30 days with some hard numbers to show what is going on in the Dyersburg market.
Labels: Blogger discusses Dyersburg Tn real estate market
Thursday, July 19, 2007
buyers market now
For the last 90 days we have seen our market change from a sellers market to a buyers market. We are experiencing the same market slowdown that we are hearing about across the country. For the last two-three weeks, the phones have been really quiet.
Then about two days ago, the phones started ringing. We are getting floods of calls for rentals and some people wanting to look at homes to buy. I believe people are ending their vacations and thinking again about moving.
We are hearing about several new restaurants coming to Dyersburg. Also,area businesses and industries are still doing well. Dyersburg is definitely growing and lots of people relocating to our area. My friend Jimmy Cooper(another realtor) called me yesterday and said he just had a request from a company wanting to rent 30 apartments for workers they have coming in. I personally own 37 units(houses and apts) and they are all full-and we manage several more units for other people. I would be very surprised if that company finds that many empty apartments.
We may be in a buyers market right now, but I am still bullish long term on Dyersburg.
Then about two days ago, the phones started ringing. We are getting floods of calls for rentals and some people wanting to look at homes to buy. I believe people are ending their vacations and thinking again about moving.
We are hearing about several new restaurants coming to Dyersburg. Also,area businesses and industries are still doing well. Dyersburg is definitely growing and lots of people relocating to our area. My friend Jimmy Cooper(another realtor) called me yesterday and said he just had a request from a company wanting to rent 30 apartments for workers they have coming in. I personally own 37 units(houses and apts) and they are all full-and we manage several more units for other people. I would be very surprised if that company finds that many empty apartments.
We may be in a buyers market right now, but I am still bullish long term on Dyersburg.
Labels: Blogger discusses Dyersburg Tn real estate market
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