Real Estate Information Archive

Blog

Displaying blog entries 1-5 of 5

Memphis Real Estate Market Report – July 2016

by Melissa Thompson

Home sales slipped in July. 1,585 home sales recorded for the month averaging $159,050. The number of home sales recorded was down 13% while the average sales price was up 13%. The median sales price for a home was $143,000, up 14% from last July. Year-to-date the number of home sales are up 5% and home sales revenue is up 8% from the same period in 2015. Only 8 of 33 zip codes in the county had an increase in overall activity for the month while 20 zip codes saw increases in overall sales prices. Home sales over $500,000 were up 43% from last year with 61 recorded for the month. Year-to-date home sales valued over $1 million are up 38% from the same period in 2015.

Home Sales by Municipality

 

Municipality

No. of Sales 

 Average Prices

Arlington

5%

8%

Bartlett

-1%

8%

Collierville

-19%

9%

Germantown

-8%

-3%

Lakeland

-29%

-3%

Memphis

-12%

18%

Millington

86%

7%

Unincorporated

-27%

29%

 

 

Be sure to contact The Melissa Thompson, Your Key to Memphis Team with Crye-Leike for all of your Real Estate needs - 901-729-9526 or [email protected]

 

Memphis Real Estate Market Report – April 2016

by Melissa Thompson

 

Home sales exploded up 19% from last year with 1581 record compared to 1331. Average sales price increased 5% with total revenue of $239 million, 25% increase from last year. Non-bank sales accounted for 89% of all home sales ~ Love that! Median price across the board was up 4%.Year to date home sales and total sales revenue up 9% from the same period in 2015. 26 of 33 zip codes in the county had an increase in overall sales activity for the month & 19 zip codes saw increases in average sale prices.Home sales over book were up 31 % from last year with 38 recorded for the month over $1 million are up 67% from this same time as last year.The Crye-Leike Quail Hollow office was up 14% from last April. My team had 26 contracts in April, so extremely busy!  We are working hard!

Home Sales by Municipality

Municipality

No. of 
Sales  

 Average  Prices

Arlington

20%

 -6%

Bartlett

25%

 2%

Collierville

27%

 10%

Germantown

18%

 1%

Lakeland

7%

 -8%

Memphis

25% 

 9%

Millington

157%

 -3%

Unincorporated

-15%

 11%

 

Please contact The Melissa Thompson, Your Key to Memphis Team with Crye-Leike for all of your Real Estate needs - 901-729-9526 or [email protected].

Memphis Real Estate Market Report – June 2015

by Melissa Thompson

Memphis and Shelby County sales were up 13% in June with 1,792 sales recorded for the month compared to 1,586 last June. Average sales prices were up 2% to $164,669 compared to $161,725 last June. Median sales price was up 3% from last year to $125,000. Year-to-date home sales up to 3% from last year and total home sales revenue is up 7%.

21 of 33 zip codes in the county had an increase in overall sales activity for the month and 24 zip codes saw increases in average sales prices. Collierville and Germantown were the only municipalities to record fewer sales this month compared to last June. Home sales in all other municipalities, including the city of Memphis and unincorporated areas were all up over 5% from last year.

Collierville had the most sales for the month with 151 recorded with an average sales price of $326,246. Central Gardens and East Memphis had 6 home sales for the month with an average sales price of $386,004. Germantown East (38139) had the highest average sales price of $381,852 across 42 sales. Home sales over $500,000 were up 28% from last June. Home sales over $1 million were down 50%.

If you are interested in selling your home or are interested in buying a home; please feel free to contact me at 901-230-2610 or 901-756-8900. You can email me at [email protected]. Be sure to visit www.yourkeytomemphis.com for all of your real estate needs.

Memphis Real Estate Market Report – June 2015

by Melissa Thompson

Memphis and Shelby County sales were up 13% in June with 1,792 sales recorded for the month compared to 1,586 last June. Average sales prices were up 2% to $164,669 compared to $161,725 last June. Median sales price was up 3% from last year to $125,000. Year-to-date home sales up to 3% from last year and total home sales revenue is up 7%.

21 of 33 zip codes in the county had an increase in overall sales activity for the month and 24 zip codes saw increases in average sales prices. Collierville and Germantown were the only municipalities to record fewer sales this month compared to last June. Home sales in all other municipalities, including the city of Memphis and unincorporated areas were all up over 5% from last year.

Collierville had the most sales for the month with 151 recorded with an average sales price of $326,246. Central Gardens and East Memphis had 6 home sales for the month with an average sales price of $386,004. Germantown East (38139) had the highest average sales price of $381,852 across 42 sales. Home sales over $500,000 were up 28% from last June. Home sales over $1 million were down 50%.

If you are interested in selling your home or are interested in buying a home; please feel free to contact me at 901-230-2610 or 901-756-8900. You can email me at [email protected]. Be sure to visit www.yourkeytomemphis.com for all of your real estate needs.

Memphis Real Estate Market Report - March 2012

by Melissa Hayes Thompson

We have created an easy to read comprehensive report on the Memphis Real Estate Market. The number of homes for sale is up from last month, as well as the number of pending transactions. The average and median sales prices are higher than last month. The most significant market changes are by price level, zip codes & area and are included in our market report; just click to view the complete March Market Report! The data compiled is from February 2012.

Displaying blog entries 1-5 of 5

Syndication

Categories

Archives