Home Sales Up 11.6 Percent Over April The Previous Year

Monday, May 21, 2012

The local real estate market continued to improve throughout the month of April, according to data released by the Multiple Listing Service (MLS) of the Greater Chattanooga Association of Realtors (GCAR).

 

Statistics for April indicated that the Southeast Tennessee and the Northwest Georgia area saw the sale of 540 residential units, an 11.6 percent year-to-year growth from the same period of 2011, while increasing 2.2 percent compared to the previous month’s sales.

 

Mark Hite, GCAR President added, “April Showers didn’t keep the homebuyers indoors.

April indicated yet another month of consistent increases, a trend we look to carry into the month of May.”  

Also in the month of April, the medium home price was $130,000. That represents a steady rise of 5.5 percent compared to the previous year and slight decrease of 1.5 percent from the previous month.

 

The average days on market maintained its position at 136 days, a 0.7 percent increase from last year's mark and consist with last months total. Absorption rates improved as the Months Supply of Inventory was down 27.8 percent to 9.6 months.

 

“In uncertain economic times nationally, each month, the Greater Chattanooga area continues to shine as a beacon of light for families seeking a destination of excitement and prosperity.” Mr. Hite said.


Walmart Neighborhood Market In Brainerd Sells For $9.2 Million

Shopping Center In Ooltewah Sells For Over $8 Million

Chattanooga's Million Dollar Homes


The Walmart Neighborhood Market at 1775 N. Moore Road has sold for $9.2 million. The two buildings, constructed in 2016, comprise 41,868 square feet and sit on 6.29 acres. AEC EAT LLC ... (click for more)

The storefront retail/office property at 5024 Hunter Road has sold for $8,150,000. The shopping center was built in 2019 and sits on 2.19 acres. It has 17,600 square feet of leasable space ... (click for more)

Chattanooga's Million Dollar homes, reflected in recent transactions, include: 1010 East Brow Road 5 bedrooms, 4.5 baths, 5,662 square feet on 1.11 acre lot The sale was to Matthew Moore, ... (click for more)



Real Estate

Walmart Neighborhood Market In Brainerd Sells For $9.2 Million

The Walmart Neighborhood Market at 1775 N. Moore Road has sold for $9.2 million. The two buildings, constructed in 2016, comprise 41,868 square feet and sit on 6.29 acres. AEC EAT LLC purchased the property from Mini-Ent Chattanooga LLC. (click for more)

Shopping Center In Ooltewah Sells For Over $8 Million

The storefront retail/office property at 5024 Hunter Road has sold for $8,150,000. The shopping center was built in 2019 and sits on 2.19 acres. It has 17,600 square feet of leasable space in eight units. The property was bought by Gary R. Borrmann Tr., Carl F. Borrmann Tr., Borrmann 1983 Living Trust, Dorothy R Borrmann Tr. and Dorothy R. Borrmann 1990 Trust from Sai ... (click for more)

Breaking News

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CHA Planning 1,783 Housing Units At Re-Envisioned Westside

Officials of the Chattanooga Housing Authority said the plan to re-envision the Westside includes building 1,783 new housing units. Betsy McCright, CHA executive director, said the College Hill Courts and the Gateway Tower will be taken down, but she said residents in those 629 have been promised a spot in some of the new housing. She said the demolition will be in stages ... (click for more)

Opinion

Rest In Peace, Larry Wallace

Athens and Tennessee lost a great friend and a long-time public servant when Larry Wallace passed away Saturday afternoon. The 1962 McMinn County High School graduate started his lifetime law enforcement career with the Athens Police Department in 1964. He joined the Tennessee Highway Patrol in 1967 and was appointed as a special agent with the Tennessee Bureau of ... (click for more)

Election Day Observations - And Response

Congratulations to all the winners in Thursday's election. And also thanks to all who ran, it takes a lot of courage to enter the arena of politics. I didn't vote for Weston in the primary but I certainly did in the general election. I think he will do a wonderful job. Sabrena, I voted for you but I would imagine your career is over after one of the dumbest political stunts I ... (click for more)