Dyersburg, TN

With the Dyersburg Tennessee real estate market still doing well, I wanted to take the time to mention two top neighborhoods that are relatively new subdivisions here. The first one Camelot Subdivision was developed and new construction started in early 1998. Three streets comprise Camelot. They are Sandra Drive, Sir Lionel and Sir James. The prices for new homes in this subdivision began in the high 80's and low 90's. Now those same homes are bringing in the 120's and 130's and some new homes as high as $160,000. This is a subdivision that I consistantly sell homes in because of the great location and always high demand(good resale potential). The last house I sold in this area was 2 and 1/2 months ago for a price of $156,000 and has 1835 sq feet heated and cooled area. This guy works across the river in Blytheville.This home last sold for $127,600 in September 2001(it was a new house). This is a hot area with big demand.

This is a current listing located at 1020 Sir James.

These two pictures are of 910 Sandra Drive(two car garage) priced at $135,000. I sold this back in 2003 for $119,900. The next picture is of 825 Sir Lionel and it is priced at $109,900. Both are currently available!

Early in 2000, another new subdivision was developed right next to Camelot Subdivision. That subdivision is called Castleton Estates. Those homes started out in the high 90's-low 100's but now are selling in the $110,000-$145,000 range. A close friend of mine just relocated to Oklahoma from this subdivision. He lived at 824 Wesley Drive. My friend paid about $105,000 for this house new in January or February 2002. Mark did finish out the attic to add to his heated area but we sold this house on 9/13/2007 for $145,000. Currently there are no active listings in this subdivision.

Everytime I have clients looking in the price range of $110,000-$160,000 and they want city convenience and a newer area, I always take them to Camelot or Castleton(if there is anything available). Many workers from across the Mississippi river live in this area. I also take new members of my church to this area since it is such a great area.

I will return here periodically and update what is available so please come back!

If you want to search for current listings in either of these subdivisions, click here for Camelot and here for Castletonestates

Copyright © 2008 By Mike Frazier, All Rights Reserved. *Here are 2 great Dyersburg neighborhoods!*

I was inspired today to write this post for the benefit of my readers who are planning a move to our area of northwest Tennessee. Today, I was out showing properties to a (relocating in) doctor and his wife. This was our 4th trip out to view properties.After viewing 4 homes we returned to the office for some research on prices paid, current comps and tax appraisals.

The home they really liked is priced in the $280's. After pulling the comps, this home is worth about $278,000. This doctor made the statement that real estate is bad everywhere and we should just about be able to steal this nice home. Let me tell you right now any potential client reading this; our market is not bad and our prices are not free-falling and there is still good demand especially in the higher price ranges. I will admit we have had our share of foreclosures(mostly subprime loans in price range $40,000-$70,00) but the Dyersburg Tennessee 38024 real estate market is really doing quite well.

Please read this earlier post about the final sales numbers for 2007 for the Dyersburg,Tn area.

So how do you get that "warm and fuzzy feeling" when purchasing a home in the Dyersburg,Tn area? First of all you solicit the help of a professional Realtor(Dyersburg relocation website) that has your interest at heart and ask for references and a list of homes he or she has helped buyer clients purchase. Secondly, you ask to look at homes in neighborhoods that have a good track record, and lastly you ask "your realtor" to do a market analysis for any homes you consider making an offer for.

If you are moving to the Dyersburg area I would be happy to help you find a home that is right for your family and I will personally make sure you do not overpay for your new home. However, if you are wanting to "steal" please select another area of the country for that!

Copyright © 2008 By Mike Frazier, All Rights Reserved. *Relocating to Dyersburg,Tennessee area-What is the market doing here-Sorry, no stealing here!*

A few days ago I compiled the final sales numbers for the real estate market here in northwest Tennessee. That post can be reviewed here.

If the activities of myself and my agents are any indication of what 2008 will be like, then Carousel Realty should have a banner year. For the last two Saturdays several of my agents(including myself) have been showing property and writing contracts. In years past when the market is slow, our Saturdays are usually spent with our families.

There is one observation I would like to make also. Some people moving here from out of state believe that the Dyersburg market is like what they hear about on the news. That is just not the case. Although our numbers are down some, actually our market is still pretty healthy.

The price range of $150,000-$300,000 is actually not losing any value at all. There is a pretty good demand in Dyersburg for this price range in good locations. My clients from this past Saturday are looking to purchase in a good area somewhere between $200,000 and $300,000. We did find several homes to pick from in that price range including several fsbo's that I knew about. I hope to negotiate a contract for them this week.

Dyersburg is a growing city with new industries and jobs available. I talked to a the personnel manager for Quebecor World yesterday(at church) about availability of jobs and she said she is still hiring. There are several factories in or near Dyersburg that are looking for workers. Goodyear in Union City(25 miles away) is hiring and other local plants are also hiring. Also, many of the plants just across the Mississippi River are also hiring. A big percentage of those workers call Dyersburg home. For more information about the Dyersburg area I invite you to visit our Dyersburg relocation website.

With jobs come growth. Dyersburg Tennessee is growing and the real estate market is doing pretty well.

Dyersburg Tn 38024

As promised here are the sales numbers primarily for the Dyersburg real estate market. Last year I reported that total real estate sales increased about 1.7% over 2005.

For 2007, the residential sales in Dyersburg(only) volume dropped 4%. However in the outlying cities and towns that we service also, volume dropped by 1. Newbern - 15% 2. Trimble - 89% and all of Dyer County down 24%. Most of this volume drop occurred in the second half of 2007(sub-prime mortgage meltdown).

The average sales price in Dyersburg for 2006 was $108,410 but that increased to $119,747 in 2007.

Although Dyersburg residential sales dropped 4%, commercial sales actually increased by 42% from $2,502,500 to $3,545,000. Multifamily sales increased by 36% from $877,251 to $1,197,176.

After crunching all these numbers, Dyersburg(only) had an increase in total sales of $124,283, from $27,502,033 to $27.626,856. That is an increase of about 1/2 percent.

When you compare a drop of 4% with the national average drop of well over 10%(much higher in coastal areas) you can see that Dyersburg is doing pretty well indeed.

The dynamics are in place for The Dyersburg area to continue growing. With a new riverport under construction, great roadways(including eventual I69 through Dyer County) , a very progressive chamber of commerce, new industries, current factories that are hiring, other new businesses and restaurants, etc. Dyersburg is on an long upward spiral.