Real Estate Market Update

My seller at 279 Bill Stewart Blvd. has dropped the price of their home to $119,900.  It’s a beautiful home – all on one level with all kitchen appliance staying (heck, they may even let you keep the washer & dryer if you’re just starting out!).  3 bedrooms, 2 baths, 1200+ square feet.  AND if you buy the home, they’ll give you a $500 gas card – no strings attached.  So if you or anyone you know is looking, please make an appointment to see it!  (They’re also offering your agent broker a bonus of $500, again no strings like full price offer, etc. attached!)

Here are the JULY housing numbers for LaVergne.

Active Listings
412 Homes on the Market (dropped one home from June)
Least Expensive: $49,900 on Willow View (in mobile home park).  1100 square feet, 2 bedrooms, 1 bath, large sunroom.
Most Expensive: $525,000 in Hampton Road Estates.  4500 square feet, 3 bedrooms, 3.5 baths, McMansion (same home as in June)
34 Pending (under contract but not yet closed). Prices range from $85,900 to $385,728

July 2008
55 Closed.  Prices range from $43,500 to $538,875

July 2007
68 Closed.  Prices range from $38,800 to $400,000

July 2006
(let’s be nosy and see what market did two years ago)
98 closed. $29,000 to $435,600

January 1 – July 31, 2008
342 Closed

January 1 – July 31, 2007
455 Closed

January 1 – July 31, 2006
592 closed

Clearly the LaVergne housing market has been in decline, and the proof is in the pudding.  We’ve seen a 43 percent decline in the market from just two years ago and a 25 percent decline from last year to this year.

For a side-by-side from last June to July, here’s the June post.

Have a good Sunday and new week!  (School starts two-hour day on Friday!)

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2 Responses

  1. Well, IMO, as long as the prices stay steady (or increase) and don’t drop, that’s good for the rest of us homeowners who just want to know we are not losing equity in our home. It looks like prices aren’t down much if any from 06 and 07, right?

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