About Dyer County, TN

Dear Dyersburg Homeowner:

The purpose of my letter is to inform you that right now is an excellent time to sell your home and buy another. I know the national media is saying that real estate is bad everywhere and nothing is selling. Actually, the demand for homes in our area is exactly the opposite. If you live in a good area and only ask appraised value, there is a good chance of getting your home sold within a few short weeks or months. Actually the available inventory for homes in the best selling subdivisions of Dyersburg is shrinking. I wrote an article on-line mentioning just a couple of these "hot areas" . These are not the only hot areas. I will be writing later about several more great neighborhoods.

My agents and I are really busy helping clients relocate into the Dyersburg area. The factories in and around Dyersburg (for the most part) are doing very well. Also, in addition to the two new factories here in Dyersburg, there also several more new factories just across the river(that employee a lot of our people) and other factories just across the river that have been adding more employees like crazy. Good available jobs are keeping the demand for Dyersburg real estate quite high. Right after the new year, I wrote an article discussing how busy my team is in assisting our clients. My company and I work with several very reputable relocation companies that hire us to relocate families into the Dyersburg Tennessee area.In addition to Dyersburg, we also help them relocate families to the Newbern, Ripley, Halls and Tiptonville areas as well. Many for sale by owners miss out entirely on this segment of our buyers. I wrote an article on-line discussing this group of buyers.

Our local Dyersburg folks are also starting to buy. With interest rates at historic lows, many people can now afford to purchase instead of renting. And, many are moving up to more expensive homes. This may very well be the best time to sell your home. While your neighbor sits on the sideline thinking homes are not selling, jump out there and get yours sold and move on to that "dream home".

Now who can get your home sold and how will they market your home? Of course all of the agents know about conventional marketing but how many of them know how to really market your home on the Internet? More and more people are looking for homes on-line before contacting any real estate agent (over 70%). Did you know that I get over 75% of my new business from the Internet? How did you find this article? That's how many of my new clients find me also! Call or e-mail me today if you are ready to sell your home and hire a "professional, connected Realtor".

Sincerely,

Mike Frazier

Broker/Owner e-mail Mike@dyersburgrealestate.com

Carousel Realty office # 731-285-2277 cellphone 731-589-7841

1021 E. Tickle Street

Dyersburg, Tn 38024

I just got off the phone with a client in Maryland who is considering a move to our area. She currently owns 3 rental homes here(that I sold her over the last 2 years). When she started buying here her plans were to move here.

Jackie called today to tell me she has almost decided to move to Jackson,Tn instead. I asked her the reasoning for this and she made the statement that there is more happening in Jackson. She likes a little larger town than Dyersburg.

I asked her if she knew that I69 has selected to go right through the Dyersburg Tn area? I also asked her if she knew that we have landed a new river port very close to Dyersburg that is projected to really impact our area!

I asked her if she has been seeing all the new restaurants coming into the area? I asked her if she has been seeing all the new factories moving into the area? I forgot to mention the hugh new ethanol plant being built near here. I forgot to mention all the plants just across the river that have just recently opened and many residents are working there now!

I failed to mention the new additions and new departments at the local hospital and all the doctors we have now!

I failed to mention the new schools that have just been built!

Anyway, when we finished our conversation she told me that it sounds like Dyersburg is ready to explode!!! She also said that she thinks she was hasty in thinking about Jackson and it sounds like Dyersburg is the place she wants to be!

Copyright © 2008 By Mike Frazier, All Rights Reserved.*Dyersburg's Boom is Coming!*

Dyersburg TN,38024

The real estate market in Dyersburg is improving according to the latest numbers provided by the Dyersburg MLS. These numbers reflect the data for the city of Dyersburg only.

In January of this year (08) there were 11 new sales verses new listings of 21 for a percentage sold of 52.38%.For the same period last year there were 15 new sales with new listings of 36 for a percentage sold of 41.67%. That reflects an improvement in sales with a decline in new listings(signs of improving market)

Other improvements noted in our MLS data is(days on market). In January 2007 the DOM was 136 and for the same period in 2008 was 134.

Still another improvement is the sales price/list price ratio. For January 2007 that ratio was 95.66% and in same period 2008 it is 96.17%.

Here are some other numbers for this time period of January 2008.

Average list price sold-$103,618

Average sale price sold-$99,651

Today, there are 181 active single family listings in Dyersburg with an average list price of $103,947.

Earlier this month I did a post about the Dyersburg real estate market conditions and another post about the market as we were closing out 2007 and entering 2008 .

Copyright © 2008 By Mike Frazier, All Rights Reserved. *Real Estate Market Conditions for Dyersburg for month ended January 2008*

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!*