The View 38002 December 2017-January 2018 | Page 8

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December Real Estate Update
By Jim Jones, Special to THE VIEW 38002
Average home sales
prices were virtually
unchanged
in
November yet the
number of units sold
was up 4% resulting
in a 5% increase in total home sales
volume for the month. There were
1,482 home sales recorded for the
month averaging $170,324 compared
to 1,421 home sales recorded last
November averaging $169,572.
Through the first eleven months
of this year, the number of home
sales recorded are up 5%, average
home sales prices are up 5%, and
total home sales revenue is up 13%
from the same period in 2016.
Home sales over $500,000 were
down 9% from last year with 50
recorded for the month compared to
55 recorded in November 2016.
Home sales valued over $1M were
down 14% from last year with 6
recorded.
Land sales were up 67% with 25
recorded for the month averaging
$476,863.
Residential Foreclosure
Analysis
Foreclosure activity continues to
decline and was down 6% in
November with 122 recorded for the
month compared to 130 recorded last
November.
New Housing & Builder
Activity
The number of new home sales
recorded was down 14% in
November and new home sales
prices dropped 11% for the month.
There were 89 new home sales
recorded
averaging
$285,106
compared to 103 recorded last
November averaging $321,638.
Arlington/Lakeland claimed the
most new home permits in October
with 13 total averaging $373,392.
Fayette & Tipton County
Market Trends
December 2017—January 2018
Arlington Student
Named Memphis
Outstanding Teen
Fayette County home sales were
down 8% in November with 68 sales
recorded for the month compared to
74 recorded last November. Average
sales prices were up 12% from last
year to $252,907. Oakland (38060)
recorded the most home sales for the
month with 32 total averaging
$195,060.
Tipton County home sales were
up 45% with 90 recorded for the
month compared to 62 recorded in
November 2016. Average sales
prices were up 22% to $167,011
compared
to
$136,503
last
November. Atoka (38004) and
recorded the most home sales for the
month with 30 averaging $224,874.
“This article is derived from the Pulse
Report offered by Chandler Reports”
Photo courtesy of Roger Cotton Photography
Home Sales by Municipality
Municipality
Arlington
Bartlett
Collierville
Germantown
Lakeland
Memphis
Millington
Unincorporated
#of Units Sold
-20%
-14%
-1%
-11%
-48%
14%
-31%
-8%
Avg. Sale Price
5%
-1%
9%
-9%
-26%
3%
24%
28%
Avg. Price/SqFt
5%
2%
12%
-8%
-7%
5%
-3%
13%
Trending to Convenience
By Tony Jackson, Special to THE VIEW 38002
The world as we
know it is chang-
ing before our
eyes. Everything is
trending towards
convenience
for
the everyday cus-
tomer.
Let’s look at a mod like the
Kroger Click list. An individual
logs on and literally clicks on items
to purchase, also while being sug-
gested items that they have a habit
of buying in a way to upsell more
product. An individual then pulls
up to the store, out comes an at-
tendant with your items to your ve-
hicle. Also in some areas they will
even bring them to your home.
Wow, the while grocery list
done without even having to deal
with crowded supermarket lines or
running up the step total on your
fitness tracker.
In this same forward thinking,
reading trends and forecasting the
future, I decided to transform Ar-
lington Computers LLC into Mo-
bile2uTech.
No more unplugging the com-
puter and trying to figure out ex-
plaining to a technician what hap-
pened. We get to see it firsthand.
We literally come to you. We can
either just pick it up at your front
door, or come in to evaluate the is-
sue.
How convenient right? Now for
those who prefer to drop it off we
have several locations to drop the
system off at. The main one being
12029 Mott Street in Arlington,
which is Port Alliance / H-Saga
Headquarters.
So give us a call today and let us
be your PC repair /Sales Partner.
Every business has to pay atten-
tion to the surrounding of what’s
happening in their industry. Stay
focused, Stay encouraged, and
Keep serving.
Small Business is not easy in
any shape form or fashion. Every-
one do