March 2017 Memphis Home Sales ..and an amazing riverfront home takes the lead!

 

Your March 2017 Market Report

March 2017 Memphis Home Sales

Home sales in Memphis and Shelby County continued an upward trend through the first quarter of 2017. 
The number of units sold in March was up 20% with 1,612 sales recorded for the month compared to 1,344 last year. Total home sales volume was up 26% with $245 million recorded compared to $195 million last March.
  
Through the first quarter of this year, the number of home sales recorded are up 13% and average home sales prices are up 6% from the same period in 2016.
  
Average home sales prices in March reached $151,688, up 5% from $144,949 in March 2016.

One of Downtown Memphis’ most distinct homes has sold. Designed in 2003 by Archimania, the nearly 5,000-square-foot home sits on the bluff of the Mississippi River at 449 Tennessee St. Garnering a sales price of $1.7 million, the home takes the distinction of being the most expensive house sold this year.

Bank-owned property sales continue to decline, down 17% from last March with 137 recorded for the month averaging $95,282.
Investor purchases accounted for 24% of all home sales in Shelby County for the month with an average sales price of $67,428.
Following is a breakdown of March home sales by municipality comparing 2017 figures to 2016:
Home Sales by Municipality
Municipality #of Units Sold Avg. Sale Price Avg. Price/SqFt
Arlington -29% 3% 9%
Bartlett 12% 16% 10%
Collierville 12% 16% 10%
Germantown 31% 11% 9%
Lakeland 0% -9% 6%
Memphis 24% 5% 8%
Millington 15% -6% -3%
Unincorporated 16% 6% 5%

This has affected your home’s value!

I would like to invite you to find out the new value of your home using today’s technology at a website I created that will provide you with your homes new value at:

Get Your FREE Home Value Now

See all current homes for sale near YOU with option to get notified as soon as your neighbor’s home lists for sale before the major real estate websites even get them!

I hope you find this helpful and, as always, I appreciate your consideration in referring any friends, family, or colleagues my way.

Again, thank you for supporting me and my business endeavors and do not hesitate to let me know if you have any questions about anything related to real estate or your home!

Best Wishes,

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Suzanne White
REALTOR
Keller Williams Realty
901-261-7900
Licensed In: TN
License #: 294656
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220 WILLOW BEND, Unincorporated, TN

220 WILLOW BEND, Unincorporated, TN

For Sale


$ Click for current price
4 BEDROOMS | 4 (3 full, 1 half ) BATHROOMS |

Imagine living in a home where you could vacation 24/7. When the weather is warm step outside on the deck for grilling and then enjoy your beautiful salt water pool. Or a friendly game of football in your large estate sized lot. When you need a family night, everyone can head upstairs to the amazing media room with 7 stadium seats to sit back and relax and enjoy movie night. This spacious home includes a private master suite, master bath and walk in closets.

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11214 CARSTON, Arlington, TN

11214 CARSTON, Arlington, TN

For Sale


$ Click for current price
4 BEDROOMS | 3 (2 full, 1 half ) BATHROOMS |

Large home on corner lot with fenced back yard. Master suite on main level, 3 bedroom or 2 bedrooms and bonus room on second level. Separate dining room, large laundry room, eat in kitchen. This property is priced based on condition. As is, short sale.

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5369 LOCK BAY, Unincorporated, TN – Just Listed

5369 LOCK BAY, Unincorporated, TN

Just Listed


$ Click for current price
3 BEDROOMS | 2 (2 full ) BATHROOMS |

One level 3 bedroom home with 2 full baths. Home includes laundry room, pantry, breakfast area and separate dining room. Large fenced backyard with deck. Freshly painted interior. 2 Car Carport

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5369 Lock Bay Ln, Memphis, TN – Just Listed

5369 Lock Bay Ln, Memphis, TN

Just Listed


$ Click for current price
3 BEDROOMS | 2 (2 full ) BATHROOMS | 1331 SQUARE FEET

Why rent when you can buy?  This home qualifies for the $15,000 Down Payment Assistance Program which means you can move in for ZERO down. This home features 3 bedrooms with 2 full baths, a living area, separate dining room, spacious kitchen with breakfast area and a laundry room.  The large fenced backyard also includes a deck. 

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Lock Bay, Memphis, TN – Coming Soon

Lock Bay, Memphis, TN

Coming Soon


$ Click for current price
3 BEDROOMS | 2 (2 full ) BATHROOMS | 1331 SQUARE FEET

Why rent when you can buy?  This home qualifies for the $15,000 Down Payment Assistance Program which means you can move in for ZERO down. This home features 3 bedrooms with 2 full baths, a living area, separate dining room, spacious kitchen with breakfast area and a laundry room.  The large fenced backyard also includes a deck. 

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12214 GRAND RIDGE, Arlington, TN

12214 GRAND RIDGE, Arlington, TN

For Sale


$ Click for current price
5 BEDROOMS | 3 (3 full ) BATHROOMS |

Large home with 4 bedrooms or 3 bedrooms and an office on the main floor. Split bedroom plan creates a private master suite area. Master bath has separate tub and shower and double vanities. Large formal living room and then kitchen with hearth room and casual dining space. Large laundry room with pantry. Second floor includes bedroom, bonus room, full bathroom and lots of closet space for storage. Backyard includes covered patio and private fenced space. 

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12290 MACON, Unincorporated, TN – Just Listed

12290 MACON, Unincorporated, TN

Just Listed


$ Click for current price
5 BEDROOMS | 6 (5 full, 1 half ) BATHROOMS |

Drive up your private driveway and enter your own private domain.This home sits off the road and with lots of large trees, it is your country home in the city. A large expansive porch greets you upon arrival. Enter the home through the double doors and you will find a large open living area that flows into the kitchen area that will be great for entertaining large crowds or quiet evenings at home. Floor to ceiling views allow for beautiful views to your estate or horses grazing in the pasture.

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220 WILLOW BEND, Unincorporated, TN – Just Listed

220 WILLOW BEND, Unincorporated, TN

Just Listed


$ Click for current price
4 BEDROOMS | 4 (3 full, 1 half ) BATHROOMS |

Imagine living in a home where you could vacation 24/7. When the weather is warm step outside on the deck for grilling and then enjoy your beautiful salt water pool. Or a friendly game of football in your large estate sized lot. When you need a family night, everyone can head upstairs to the amazing media room with 7 stadium seats to sit back and relax and enjoy movie night. This spacious home includes a private master suite, master bath and walk in closets.

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12290 Macon Rd, Collierville, TN – Just Listed

12290 Macon Rd, Collierville, TN

Just Listed


$ Click for current price
5 BEDROOMS | 5 (5 full ) BATHROOMS | 5069 SQUARE FEET

Incredible home that feaures 5 bedroom and 5 full bathrooms. Large open floor plan with lots of privacy for everyone.  The master suite includes a sitting area, spacious bathroom and a private entrance to pool area.  Included in the 7+ acres is a four stall barn and arena.  With a couple inches of red river sand throughout, the arena under the trees in the back pasture is absolute heaven to ride horses in. Whether you are into English events or Western events… the footing with just red river sand is perfect. The current owners have  hosted trainers from both disciplines (English and Western) and all of them have raved about the footing. There’s nothing a few truck loads of red river sand can’t recreate. 

When the owners bought the property they were drawn to the trees! Those hundred year old oak trees were gorgeous and reminded them of “home”– the east coast. They love the green, the shade, the landscape, and the privacy. A little creek runs through the back yard.Your view will include watching your horses grazing in your pasture

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