About Dyer County, TN

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.