Red Bank TN Real Estate Sales - Conventional, FHA, VA, Rural Development Loans

Red Bank Real Estate Sales

Real estate sales information about Red Bank, TN. Call for information about qualifying for a conventional, FHA, VA, or Rural Development home loan.

It helps for both buyers and sellers to understand the trends in homes for sale.

The Red Bank Lions Club is well recognized in Red Bank for the community involvement. The club meets on the 2nd and 4th Thursday each month, at 6:30. The primary mission of the Lion's Club is to help with sight programs. The Red Bank Club collects eye glasses, conducts eye examinations for children 5 and unde, helps support seeing eye dog training, among its several eye related ministries. Additionally the club helps with several local programs, especially the schools. Each year the Lions sell Christmas trees and pecans to raise fund. If you are interested in more information, you may contact me, at 423-280-0345.

Red Bank Lions Club meets on the 2nd and 4th Thursday each month, in downtown Red Bank.

Red Bank is the third largest city in Hamilton County and prides itself in being a small town community. It is surrounded by the larger city of Chattanooga. Its population is approximately 12,000 and has been incorporated since 1955.

Red Bank is supported by an elementary school, a middle school, and a high school.

Red Bank High School has had two state champion teams in the last decade: 2001 Lions football team and the 2005 Lady Lions softball team.

The Red Bank Chamber of Commerce meets every 3rd Tuesday.

Here are some local information and pictures about Red Bank.

The information in the below 5 charts indicates the local residential market trends over the last 12 months.

Chart 1 Average Selling Price and Average Listing Price
The trend of the average sales price and compared with the average listed price of those sold homes. This can give some insight as to how the market is supporting the asking price for listed homes.

Red Bank - Sold Price Average and List Price Average of Sold Properties

Chart 2 Number of new listings and number of sold homes
The trend of number of homes listed and sold. This gives some indication of the balance between selling and buying in the local market.

Red Bank - Number of Sold Homes and Number of Newly Listed Homes

Chart 3 Number of listings active on the market and average days on the market
The average day that properties have been on the market as well as the total number of properties listed for sale on the date this report was posted.

Number of Active Listings	Average Price of Active Listings	Average Days On Market (DOM) of Active Listings
67	$170,050	148

Chart 4 Average Price of New Listings
The trend of average price for newly listed properties. It gives an indication of the trending in the average price for the local market.

Average New Listing Price

Chart 5 Median List Price to Median Sold Price
The trend of listing and selling prices. It indicates whether a market has declining or increasing values. The median price is the price at which half the homes sell for more and half the homes sell for less.

Median List Price and Median Sold Price

Would you like to know what payment you qualify for? or How much home you can afford?

Call me at 423-280-0345 or email me . Visit my website for information about purchasing your new home.

We offer excellent first time home buyer programs, as well as FHA, VA, and Rural Development loans. Visit my website to learn about our different home financing programs.

We specialize in new construction financing.

We have numerous lenders that offer a variety of programs that meet the financing needs of higher priced (jumbo loan) homes.

Your home financing goals can be fulfilled at American Acceptance Mortgage.

Richard Smith
American Acceptance Mortgage, Inc
Toll Free 888-474-9920 Cell 423-280-0345
Home financing in Tennessee, Georgia, and Alabama.
Experience matters when it is your home loan.

FHA, VA, Rural Development, Reverse Mortgages, Construction Permanent, Renovation, FHA Renovation
Mortgage lending offices located in Chattanooga, TN
rsmith@aamonline.com