Chattanooga, TN Real Estate News

By Julia Odom, Chattanooga Homes for Sale
(Select Realty Professionals)
Another brand spanking new report, this one for my St. Elmo neighbors. All St. Elmo Real Estate Sales through the Chattanooga MLS All active listings as of 1/5/09: 23 Pending or contingent listings (under contract) as of 1/5/09: 1 Residential listings closed (sold) during December 2009: 2 Number of months to sell current actives at December's sales pace: a respectable 11.5 And because everybody is a nosy neighbor, here's what actually sold in December: DOM= Days on Market Notice anything there? Not much sold (although it's a fairly small area without a great deal on the market) but what did sell, went awfully fast. I'm not saying that everything in St. Elmo goes that quickly but that just goes to show you that if you price it right it will go, and quickly. Want to know more about this c...
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By Julia Odom, Chattanooga Homes for Sale
(Select Realty Professionals)
Brand spanking new report for your viewing pleasure. I haven't done a downtown market report before. Many of these sales are going to be condos & lofts with a few single family homes sprinkled in for good measure. These statistics are for the downtown, MLK & Southside areas. The boundaries I've used are the river on the north and east, I-24 on the south & Central Avenue to the west. All Downtown & Southside Chattanooga Real Estate Sales through the Chattanooga MLS All active listings as of 1/5/09: 140 Pending or contingent listings (under contract) as of 1/5/09: 9 Residential listings closed (sold) during December 2009: 2 Number of months to sell current actives at December's sales pace: Mmmm, looks like about 70 Downtown & Southside Chattanooga Real Estate, Under $150,000 Active, resid...
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By Julia Odom, Chattanooga Homes for Sale
(Select Realty Professionals)
Stats listed are coming from the 37405 ZIP code. In other words, if you're a North Chatt snob purist be forewarned that this is going to include Stringer's Ridge, a little of Red Bank and some of Signal Mtn Blvd too.     All Northshore/North Chattanooga Real Estate Sales through the Chattanooga MLS All active listings as of 1/5/09: 125 Pending or contingent listings (under contract) as of 1/5/09: 19 Residential listings closed (sold) during December 2009: 8 Number of months to sell current actives at December's sales pace: 15.6 North Chattanooga Real Estate, Under $200,000 Active, residential listings: 59 Pending or contingent listings: 13 Residential listings closed during December 2009: 5 Number of months to sell current actives at December's sales pace: 11.8 North Chattanooga Real Es...
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By Joel Prince, Hixson/Soddy Real Estate Broker
(The Principle Group, Inc)
Chattanooga, TN Homes for Sale - HomeCounter as of 01.04.10 Total Number of active residential listings = 5438 (down from last week) Number of residential listings under contract = 504 (down from last week) Total Number of active residential Foreclosures, HUD, REO listings = 442 (down from last week) Total Number of residential Foreclosures, HUD, REO listings under contract = 120 (down from last week) Joel's Comments - The Chattanooga market of homes for sale shrank significantly. Homes under contract took a dive as well.  Buyers will find a smaller selection this week as opposed to last. The number of foreclosures for sale declined too, but not as severely. Foreclosures under contract fell also. For more Chattanooga area statistics, tips, information and resources, or to set up you own...
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By Joel Prince, Hixson/Soddy Real Estate Broker
(The Principle Group, Inc)
Chattanooga, TN Homes for Sale - Days on the Market Real estate is in the news a lot these days.  It is easy to hear or read several headlines, soundbites or statistics about homes sales on a daily basis. And while some of this may be informative on a general level, most of the information will not be useful to the average buyer of Chattanooga, TN homes for sale.  Why not? Because all real estate is local.  When shopping Chattanooga, TN homes for sales, the information that matters most is information about the Chattanooga market. So how is the market doing? To answer that question, this blog will look at one important statistic.  Days on the market.  How long does it take Chattanooga, TN homes for sale to actually sell? Drum roll please! The answer: 129 days. In December of 2009 homes ...
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By Joel Prince, Hixson/Soddy Real Estate Broker
(The Principle Group, Inc)
Chattanooga, TN Homes for Sale - HomeCounter as of 12.28.09 Total Number of active residential listings = 5724 (down from last week) Number of residential listings under contract = 577 (down from last week) Total Number of active residential Foreclosures, HUD, REO listings = 445 (up from last week) Total Number of residential Foreclosures, HUD, REO listings under contract = 125 (up from last week) Joel's Comments - The Chattanooga market of homes for sale got a bit smaller. Homes under contract also decreased a bit. The number of foreclosures for sale increased again. But this was offset somewhat, as foreclosures under contract rose. For more Chattanooga area statistics, tips, information and resources, or to set up you own custom search of homes for sale please visit theprinciplegroup....
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By Julia Odom, Chattanooga Homes for Sale
(Select Realty Professionals)
Remember these? Go on, click on over, refresh your memory. I'll wait. Can I just say that this is officially the year of cookie hell.  Teensy little confession: when I wrote that last post, I was complaining about the whole thing but I was actually kinda proud of my little sweets. So what if it took a full 48 hours to achieve a not-so-dazzling array of 24 cookies? I thought these really were charming in their whimsy. That was the night before.         THIS was the morning after, worse than any hangover: Cracked foundation, door falling off it's hinges, peeling paint - not to mention the roof! No inspector is his right mind would let anyone buy eat these houses. Did I mention that I. Don't. Bake? But just to prove that there really is a silver lining to every cloud...I now get to eat all...
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By Joel Prince, Hixson/Soddy Real Estate Broker
(The Principle Group, Inc)
Chattanooga Homes for Sale - HomeCounter as of 12.21.09 Total Number of active residential listings = 5758 (down from last week) Number of residential listings under contract = 580 (down from last week) Total Number of active residential Foreclosures, HUD, REO listings = 438 (up from last week) Total Number of residential Foreclosures, HUD, REO listings under contract = 123 (down from last week) Joel's Comments - The Chattanooga market of homes for sale shrank slightly.  Homes under contract, however, took a big dive.  Likely this was due to the upcoming holiday. The number of foreclosures for sale increased by nearly three dozen.  While foreclosures under contract also declined significantly. Again this can probably be traced to the fast approaching holiday. For more Chattanooga area s...
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By Julia Odom, Chattanooga Homes for Sale
(Select Realty Professionals)
There's nothing worse than some ActiveRain goddess telling us what we all should be doing. Ppppffftttt. Last time I jump on some bandwagon. I've been baking. 'Nuff said. I'm not a baker. I like to cook. But a confectioner, I. Am. Not. Ever watch Top Chef and hear them whine and moan about how they aren't pastry chefs? That was kinda me the last couple of days. I made the mistake of reading a real estate blog where said blogger talked about how she used to bake a gingerbread house for each of her past clients. It eventually got to be too much and so she started making gingerbread cookies in the shape of houses.   I thought "Wow! What a great idea!" Mere moments later I was softening butter for Easy Cutout Sugar Cookies (a misnomer of a title designed to draw you in and later spit you out...
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By Julia Odom, Chattanooga Homes for Sale
(Select Realty Professionals)
This is an excerpt from an actual published article from our local online news: Nick McCay reported the theft of his father's car - an expensive silver BMWZ3 roadster - from downtown.He said he had parked it at the 800 block of Cherry Street and it was no longer there.Officers soon spotted it at the 400 block of Walnut Street.Mr. McCay said he "must have had a bit more to drink" than he thought he had and he said he "was a moron for not checking and for freaking out and calling police."An officer said he agreed he was a moron and advised him to "have a dd (designated driver) next time rather than losing a $50,000 piece of equipment." Original post available here. What lessons can we take away from Mr. McCay's experience? A. Remember where you park B. Especially if it's your father's car...
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By Joel Prince, Hixson/Soddy Real Estate Broker
(The Principle Group, Inc)
Chattanooga Homes for Sale - HomeCounter as of 12.14.09 Total Number of active residential listings = 5761 (down from last week) Number of residential listings under contract = 622 (down from last week) Total Number of active residential Foreclosures, HUD, REO listings = 406 (unchanged from last week) Total Number of residential Foreclosures, HUD, REO listings under contract = 137 (up from last week) Joel's Comments - The Chattanooga market of homes for sale got yet smaller over the past week. Homes for sale shrank by about four dozen. Homes under contract dipped also. The number of foreclosures for sale stayed the same. While foreclosures under contract ticked up by a single home. Basically the selection of foreclosures for sale was the same as the week before. For more Chattanooga are...
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By Julia Odom, Chattanooga Homes for Sale
(Select Realty Professionals)
Forbes.com has finally come the realization that I've been screaming talking about for a long time. Chattanooga is a great value for the money. Because of everything from real estate taxes, to commuting times, to housing values, Chattanooga is a lovely little town to hang your hat whether you're retired or gainfully employed. Forbes has named Chattanooga as 8th "Best Bang for your Buck" out of the top 100 metro areas in the US. So why am I mad at Forbes? I was digging it until I got to this travesty of reportage: "Cities from McAllen, Texas (No. 7), to Greenville, S.C (No. 20), and Chattanooga, Tenn. (No. 8), that have faced a host of economic problems, are now seeing a silver lining: Housing speculation stayed in check in these areas because there was little to draw buyers in the first...
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By Joel Prince, Hixson/Soddy Real Estate Broker
(The Principle Group, Inc)
Chattanooga Homes for Sale - HomeCounter as of 12.07.09 Total Number of active residential listings = 5810 (down from last week) Number of residential listings under contract = 642 (down from last week) Total Number of active residential Foreclosures, HUD, REO listings = 406 (up from last week) Total Number of residential Foreclosures, HUD, REO listings under contract = 136 (down from last week) Joel's Comments - The Chattanooga market of homes for sale got slightly smaller last week. Active homes for sale decreased.  Homes under contract also dropped a little. The number of foreclosures for sale rose a bit.  Foreclosures under contract were fewer.  Overall the selection was a little bigger. For more Chattanooga area statistics, tips, information and resources, or to set up you own cust...
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By Julia Odom, Chattanooga Homes for Sale
(Select Realty Professionals)
Stats listed are coming from the 37405 ZIP code. In other words, if you're a North Chatt snob purist be forewarned that this is going to include Stringer's Ridge, a little of Red Bank and some of Signal Mtn Blvd too.     All Northshore/North Chattanooga Real Estate Sales through the Chattanooga MLS All active listings as of 12/7/09: 119 Pending or contingent listings (under contract) as of 12/7/09: 26 Residential listings closed (sold) during November 2009: 13 Number of months to sell current actives at November's sales pace: 9.2 North Chattanooga Real Estate, Under $200,000 Active, residential listings: 50 Pending or contingent listings: 17 Residential listings closed during November 2009: 4 Number of months to sell current actives at November's sales pace: 12.5 North Chattanooga Real ...
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By Julia Odom, Chattanooga Homes for Sale
(Select Realty Professionals)
Nothing's changed, I'm still a real estate geek All Hamilton County Residential Real Estate Sales through the Chattanooga MLS All active listings as of 12/7/09: 2,617 Pending or contingent listings (under contract) as of 12/7/09: 374 Residential listings closed (sold) during November 2009: 285 Number of months to sell current actives at November's sales pace: 9.2 Hamilton County, under $100,000 Active, residential listings: 607 Pending or contingent listings: 89 Residential listings closed during November 2009: 78 Number of months to sell current actives at November's sales pace: 7.8 Hamilton County, $100,000-200,000 Active, residential listings: 962 Pending or contingent listings: 173 Residential listings closed during November 2009: 126 Number of months to sell current actives at Nov...
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By Joel Prince, Hixson/Soddy Real Estate Broker
(The Principle Group, Inc)
Chattanooga Homes for Sale - HomeCounter as of 11.30.09 Total Number of active residential listings = 5816 (down from last week) Number of residential listings under contract = 683 (down from last week) Total Number of active residential Foreclosures, HUD, REO listings = 397 (down from last week) Total Number of residential Foreclosures, HUD, REO listings under contract = 143 (down from last week) Joel's Comments - The Chattanooga market of homes for sale shrank. Active homes for sale were fewer, as were homes under contract, giving buyers a somewhat smaller selection. The number of foreclosures for sale also decreased, along with the number of foreclosures under contract. Buyers shopping for foreclosures may notice a tighter market. For more Hixson and Soddy Daisy area statistics, tips...
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By Joel Prince, Hixson/Soddy Real Estate Broker
(The Principle Group, Inc)
Chattanooga Area HomeCounter as of 11.23.09 HomeCounter Total Number of active residential listings = 5,885 (up from last week) Number of residential listings under contract = 738 (down from last week) Total Number of active residential Foreclosures, HUD, REO listings = 402 (down from last week) Total Number of residential Foreclosures, HUD, REO listings under contract = 152 (down from last week) Joel's Comments - The market in general seems to be loosening this week. There are a handful of additional homes for sale and fewer under contract this week. The foreclosure market, on the other hand, is smaller. But there are less under contact this week. For more Chattanooga area statistics, tips, information and resources, or to set up you own custom search of homes for sale please visit the...
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By Julia Odom, Chattanooga Homes for Sale
(Select Realty Professionals)
These stats are pulled from the 37421 & 37363 ZIP codes All Ooltewah & East Brainerd Residential Real Estate Sales through the Chattanooga MLS All active listings as of 11/5/09: 720 Pending or contingent listings (under contract) as of 11/5/09: 155 Residential listings closed (sold) during October 2009: 76 Number of months to sell current actives at October's sales pace: 9.5   Under $100,000 Active, residential listings: 29 Pending or contingent listings: 9 Residential listings closed during October 2009: 7 Number of months to sell current actives at October's sales pace: 4.1   $100,000-200,000 Active, residential listings: 266 Pending or contingent listings: 77 Residential listings closed during October 2009: 43 Number of months to sell current actives at October's sales pace: 6.2   $2...
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By Joel Prince, Hixson/Soddy Real Estate Broker
(The Principle Group, Inc)
Chattanooga Area Homes for Sale - HomeCounter as of 11.02.09 Total Number of active residential listings = 5,845 (down from last week) Number of residential listings under contract = 804 (down from last week) Total Number of active residential Foreclosures, HUD, REO listings = 385 (down from last week) Total Number of residential Foreclosures, HUD, REO listings under contract = 165 (down from last week) Joel's Comments - The Chattanooga area market seems to be leveling off somewhat.  There are less homes for sale which means more inventory balance.  The quanity of Foreclosures and REO homes for sale seem to be shrinking too.  Their numbers are down in both categories--active and homes under contract. Translation? This is good for sellers (less competition), but not as good for buyers (l...
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By Julia Odom, Chattanooga Homes for Sale
(Select Realty Professionals)
The gourd looks pretty good too. Nothing like carving a pumpkin with a kid who has no idea why you are doing it Ignore the facial expression, there's no way that you could avoid enjoying something like carving punkins! I think he was just disappointed that it wasn't going to turn into pumpkin bread. His grandmother has spoiled him that way.
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