Home Sales In Chattanooga Decrease Slightly In 3rd Quarter

Thursday, November 8, 2012

The Multiple Listing Service (MLS) of the Greater Chattanooga Association of Realtors released statistical data covering the third quarter of 2012 on Thursday, with comparison figures for the previous quarter, and the same period of last year.

Unit sales in the third quarter showed a slight decrease of 2.4% from the second quarter of this year, but an encouraging 11.5% increase over the third quarter of 2011.

The Median Price indicator has shown a steady increase from the third quarter of 2011 of 1.8%, and a rise of .9% from last quarter. Average Days-On-Market is steadily decreasing, by 5.8% year-over-year, and 1.5% from the second quarter of 2012.

Foreclosure sales have also steadily declined within the Greater Chattanooga marketplace to a post-recession low point of 24.9%, a stark contrast from the 1-in-3 ratio prevalent during the worst of the recession.


Leeco Steel Property On E. 38th Street Sold For $2,125,000

The Leeco Steel property at 2500 E. 38th St. has been sold for $2,125,000. The sale was to Shades Mountain Properties Llc from Leeco Steel Llc . Leeco continues to operate at the site. Leeco Steel is a division of O'Neal Steel, which dates to 1921. Leeco Steel is described as "a steel service center specializing in carbon, HSLA, alloy, abrasion-resistant, extra-high- ... (click for more)

3 Community Leaders Appointed To Board Of Directors At Habitat For Humanity

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Michael Futrell, 38, Shot By Corey Mullinax, 25, In Cleveland

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Teenager Shot In Drive-By Shooting On West 38th Street

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Chattanooga Is A Blessed Community

I am an American by birth and a Chattanoogan by the Grace of God. (A phrase I borrowed from the late Lewis Grizzard and modified) I grew up in Chattanooga / East Ridge – Anna B. Lacey Elementary, Dalewood Junior High, Brainerd High, degree UTC.  My family lived in Chattanooga until March of this year but I’m still up every month visiting friends.   I have been following ... (click for more)

Roy Exum: Navy Denies Any Changes

UPDATE: A spokesman for the U.S. Navy on Sunday denied reports that disciplinary charges will be filed against Lt. Cmdr. Timothy White for discharging an unauthorized weapon on federal property.   According to a post of Facebook and other social media sites, a statement reads, “Stories of Navy personnel being charges with an offense are not true. There is still a long way ... (click for more)