Bradley County Tennessee Home Sales Report - October 2008
Average List Price
$142,726
Average Sold Price
$138,520
Average Days On The Market (DOM)
103
Total Number Of Homes Sold
47
Total Dollars Value Of Homes Sold
$6,510,455
Homes Currently For Sale
826
Bradley County Tennessee Home Sales Report - October 2007
Average List Price
$142,823
Average Sold Price
$135,221
Average Says On The Market (DOM)
120
Total Number Of Homes Sold
80
Total Dollar Value Of Homes Sold
$10,817,751
Summary:The roller coster continues. This month is significantly worse than last year this month. What does this mean to you? Price it right! This is not the time to play with the market just get your home sold. Ask yourselfwhat it will cost you to not accept the offer you have and make your house available for every showing possible! If you are interested in marketing your property or are looking for a good deal to buy then just give me a call. Craig Harding RE/MAX Rivergate in Ocoee TN 423-338-7300 or Direct at 423-650-4422
Polk County Tennessee Home Sales Report - October 2008
Average List Price
$247,478
Average Sold Price
$232,018
Average Days On The Market (DOM)
143
Total Number Of Homes Sold
4
Total Dollars Value Of Homes Sold
$928,072
Homes Currently For Sale
115
Polk County Tennessee Home Sales Report - October 2007
Average List Price
$105,916
Average Sold Price
$99,000
Average Says On The Market (DOM)
202
Total Number Of Homes Sold
6
Total Dollar Value Of Homes Sold
$594,000
Summary: Not too bad. The value of homes sold this month was much better than for several months and better than last year. What does this mean to you? Take any close offer if you need to sell as this is still a very challenging market.If you are a buyer this is your chance for great selection and great price leverage! If you are interested in marketing your property or are looking for a good deal to buy then just give me a call. Craig Harding RE/MAX Rivergate in Ocoee TN 423-338-7300 or Direct at 423-650-4422
Polk County Tennessee Land Sales Report - October 2008
Average List Price
$73,700
Average Sold Price
$53,750
Average Days On The Market (DOM)
103
Total Number Of Parcels Sold
2
Total Dollars Value Of Land Sold
$107,500
Land Parcels Currently For Sale
279
Polk County Tennessee Land Sales Report - October 2007
Average List Price
$74,975
Average Sold Price
$73,100
Average Says On The Market (DOM)
168
Total Number Of Parcels Sold
8
Total Dollar Value Of Land Sold
$584,800
Summary: Land sales are off in the number of parcels sold compared to last year in the month of October. What does this mean to you? Be ready to just buckle up for a wait and or price your property very very aggressively. We are seeing very similar listing prices to last year but significatly smaller amount the sellers are getting. If you get an offer and it is anywhere close and you want to sell, then sign the offer and do what they ask. Craig Harding RE/MAX Rivergate in Ocoee TN 423-338-7300 *All numbers based on sales reported in RCAR for both time periods.
Bradley County Tennessee Land Sales Report - October 2008
Average List Price
$35,900
Average Sold Price
$33,900
Average Days On The Market (DOM)
72
Total Number Of Parcels Sold
2
Total Dollars Value Of Land Sold
$67,500
Land Parcels Currently For Sale
526
Bradley County Tennessee Land Sales Report - October 2007
Average List Price
$79,455
Average Sold Price
$74,100
Average Says On The Market (DOM)
260
Total Number Of Parcels Sold
23
Total Dollar Value Of Land Sold
$1,704,300
Summary: Its Ugly. Can we say construction is non existent for the most part! What does this mean to you? Be ready to take any offer you get if it is important to you to get your property sold. Craig Harding RE/MAX Rivergate in Ocoee TN 423-338-7300 *All numbers based on sales reported in RCAR for both time periods.
I got a call Sunday afternoon from a friend while I was working around the house and he said “What are you doing the afternoon? Could you go flying?” I of course told him that I could be “drug kicking and screaming” to the plane on such a gorgeous day.” So here are a few of the shots I got from the air!
Enjoy
Craig Harding RE/MAX Rivergate 423-338-7300 Direct 423-650-4422
All market price ranges are in a less than market balance. The only market segment that is fairly healthy is under 110k. If you want to sell in this market look at the number of months of Inventory it will take to sell the homes already on the market and decide the following 2 things; Do I need to sell or can it wait, and if I do need to sell when? If your home is in say the 150k-170k range and if you need to sell in 3 months then you had better price your home as the very best priced home (very aggressive) by far, and keep it in the best condition!
This is clearly showing we still have some time before this market turns back to a more balanced market.
If you look at this report it will give you a real feel for how the market is not only local but that different price ranges are completely different in relation to competition and demand.
A normal market is where there is 6 months or less of inventory. Looking at the chart here you will see that under 150k dollars the market is actually quite good. It is slow but not terrible under 190k but above that price range things get ugly and fast. There are a couple isolated bright spots in the upper price range.
Be sure to check out the price range you are planning to sell or buy in. If you are selling in a price range that has more than 6 months inventory then you need to price very aggressively to stand out (more so the more pronounced the inventory level is). If you are a buyer and you think you are going to beat up the seller and get a great deal and you are in a price range with less than 6 months of inventory then you better be prepared for competition and to be disappointed. Look for large inventory sectors for the best deals. In so many ways it is all about Supply and Demand! If you want more info on the market area you are wanting to buy in or sell in then call me now at 423-650-4422 Direct Craig Harding RE/MAX Rivergate 423-338-7300
Polk County Tennessee Home Sales Report - September 2008
Average List Price
$58,925
Average Sold Price
$55,475
Average Days On The Market (DOM)
189
Total Number Of Homes Sold
4
Total Dollars Value Of Homes Sold
$221,900
Homes Currently For Sale
109
Polk County Tennessee Home Sales Report - September 2007
Average List Price
$147,290
Average Sold Price
$142,518
Average Says On The Market (DOM)
87
Total Number Of Homes Sold
11
Total Dollar Value Of Homes Sold
$1,567,700
Summary: Ugly period. What does this mean to you? Price your home right, Price your home right, Price your home right and be absolutely sure that you make your home the very best for every showing so that the few buyers out there looking see your with its best foot forward. Leave all the lights on before the showing and maybe even bake some cookies just before leaving! This underscores the affects of a national decline which is now affecting us locally. Hang in there and do what you have to do to fight another day. If you are a buyer this is your chance for great selection and great price leverage! If you are interested in marketing your property or are looking for a good deal to buy then just give me a call. Craig Harding RE/MAX Rivergate in Ocoee TN 423-338-7300 or Direct at 423-650-4422
