Chattanooga Home Sales Increase By 15.4 Percent In April

Wednesday, May 22, 2013

The S&P/Case-Shiller Home Price Index showed that home prices in 20 major metropolitan areas had increased at the strongest pace since the bubble years. Major national indices are telling the story that local MLS data users have known for months or even years. The housing market is recovering. The recovery varies by geography and market segment, but things are certainly better than they have been and are showing no signs of letting up.

Closed Sales in Chattanooga rose an astounding 15.4%, closing with 645 residential units. New Listings in the Chattanooga region were up 9.8 percent to 1,180. Inventory shrank 8.2 percent to 4,826 units. Prices moved higher as the Median Sales Price was up 3.8 percent to $135,000.

Days on Market decreased 8.0 percent to 126 days, the twelfth consecutive month of year-over-year declines. Months Supply of Inventory was down 18.3 percent to 8.5 months, indicating that demand increased relative to supply.

GCAR President Mark Blazek said, “The prickliest thorns in our collective side are still lack of inventory and subdued listing activity. In some neighborhoods, consumers have 50 or 60 percent fewer options from which to choose than they did a few years ago. That's causing bidding wars in popular areas. Despite the competitive landscape for buyers, housing remains one of the brightest lights in an otherwise subdued economic recovery.”

Potts Brothers Has Onsite Auction In Lafayette Nov. 19

Potts Brothers Land and Auction will host an onsite auction Saturday, Nov. 19, at 10 a.m. Online bidding will be available for real estate only.  The auction will be for a three-bedroom brick home, 105+/- acres and personal property.  The land will be sold in tracts or as a whole.  The location is 6446 Straight Gut Road, selling Clarence and Celia Hunt ... (click for more)

Real Estate Transfers For Oct. 13-19

NOTICE: The Hamilton County Register’s Office did not publish this data. All information in the Register’s Office is public information as set out in T.C.A. 10-7-503. For questions regarding this report, please call at 423 266-2325. GI numbers, listed when street addresses are not available, refer to the location of transactions (book number and page number) ... (click for more)

1 Shot And Killed In St. Elmo Monday Morning; 2nd Person Taken To Hospital

One person was shot and killed in St. Elmo Monday morning. Another person was taken to the hospital. The person transported was driving a Lincoln that was behind a church off of Virginia Avenue. The shooting happened on Florida Avenue, and police said it did not appear to be gang related. More information to follow. (click for more)

6 People, Including 4 Children, Die In Mobile Home Fire In Trion, Ga.

Six people, including four children, died in a mobile home fire at Trion, Ga., on Sunday night. The fire broke out on Airport Road in Chattooga County. Sheriff Mark Schrader said, "It is with a heavy heart tonight that I report that a residential fire has claimed the lives of six people, two adults and four children. The fire occurred around 11:00 p.m. in the Airport subdivision, ... (click for more)

Where Is The Speed Control On Our Highways? - And Response (3)

I am teaching my 15-year-old to drive in the North Georgia and Chattanooga area. I have warned her of the dangers of exceeding the speed limit both as a hazard to herself and in terms of receiving a ticket. What a liar I am.  Have you driven on the local freeways and highways recently? I never see any highway patrolmen helping to reduce speeding or pulling over those who ... (click for more)

Roy Exum: The Testerman Forum

I badly misjudged how long it would take me to do my “early voting.” I was in-and-out in no time so I got to the Hamilton County School Board’s agenda meeting well enough beforehand to have an “educational forum” with board member David Testerman. If you haven’t noticed, forums and summits and “community enlightenment” groups are the new rage and, as my friend David laughed, “They ... (click for more)