About Dyer County, TN

Only a few short years ago two new subdivisions were developed inside the city limits. They are Camelot Subdivision and Castleton Estates.

The streets in Camelot include Sir James, Sir lionel and Sandra Drive.

The streets in Castleton Estates include Wesley Drive, Blake Cove and Hunter Lane.

I have done a few other posts about these two subdivisions but these two by far are my favorites in the low $100's price range.

When we have visitors at our church who are looking to relocate to Dyersburg,Tn, and they are in the low 100's price range, this is where I take them to first.

To search for active listings in Camelot Subdivision click here. To search for active listings in Castleton Estates click here.

Back in January, a factory in Marion, Illinois suffered a catastrophe when heavy snow fall caused their roof to collapse thereby causing a fire to break out. This company is named Southern Pride and they manufacture Yield King commercial grills and cookers.

This building was deemed a total loss and they are moving the manufacturing to an empty building in Alamo,Tn where they plan to start up production immediately. They are hiring through manpower and another temp service but they plan to hire up to 35 people in the very near future.

I know their biggest demand for people will be people with mig welding experience.

In a day and time when companies are closing this indeed is great news for our area. Alamo is located between Dyersburg and Jackson about 20-25 miles. Here is a link to the website that talks about the roof collapse and total loss of the facility.

For more information about their product line, please click here.

A few days ago, the owner of the local Ford Dealership, Tim Castellaw purchased the Toyota dealership here in Dyersburg.

With all the talk of recession and depression, this visionary stepped out and bought another car dealership. Tim castellaw also owns a dealership in Covington,Tn.

I am helping relocate a family from Illinois to the Dyersburg area and the father and husband is a car salesman. I told him I thought that Tim Castellaw Ford was the place to go and 2 days later I read this article in the paper about Tim buying this dealership.

By the way, I drive a Ford Exployer Sport Trac truck!

Dyersburg,Tn is a great place to live and work and raise a family. You can tell by Tim's actions that he too believes in Dyersburg!

Dyersburg,Tennessee like most small cities across the country is having its share of job losses. I own rental property in Dyersburg and a few of my tenants have been laid off.

However, for those willing to look hard, there are other jobs available. They may have to drive to Alamo,Tn(new factory opening there) or to Ripley or to Blytheville,Arkansas.

I admit the jobs are getting harder to find but if one is willing to be diligent in their search, they will still be able to find another job if laid off.

Most if not all of these jobs begin as a temporary worker through manpower or some other temp but after 90 days of probation they become full time workers with benefits.

I personally believe all the stimulus being pumped into the national economy will soon begin to help wall street and main street and also help the local economies. I really like the tax credit(up to $8000) for purchasers of homes(must not have owned a home in last 3 years). I do believe the president will have to offer some tax credits for purchasers of new cars(better than current incentive he got passed). This will have to happen in my opinion!

There is light at the end of the tunnel so hang on until the good times come back again!

This morning when I got into the office I pulled up the solds for our MLS last week. There were actually 4 solds that came up for the last 3 days.

I did an analysis of this data down below

The house located at 225 Empire was originally listed for $154,000 and was on the market 231 days. This house was finally reduced to $149,900 and sold for $139,00 after closing costs were paid for buyer. This price is 95% of the state accessed value.

The house located at 875 Wesley was listed for 219 days with original list price of $132,900 and reduced to $114,900. The house sold for $103,000 which is 87% of the state accessed value of $118,400.

The house listed at 733 St. John was on the market 84 days with original and only list price of $64,900. This house sold for $63,500 which is 93% of state accessed value of $68,500.

The house listed at 675 Andrea was on the market 255 days with an original list price of $91,500. The final sales price after deducting closing costs paid for buyer was $83,300 which is 92.5% of the state accessed value of $90,000.

Here are the results of my analysis:

1. Houses listed too high remained on the market a long time.

2. If you throw out the high and the low sales price to state accessed value % you end up with about 92.75% of sales price to state accessed value.

3. Houses sold and financed with government backed loans like THDA or FHA generally sold a little higher % than the average I came up with here.

If you are considering selling a home in the Dyersburg area, generally speaking the value will be somewhere in the 90-94% of state accessed value.

It appears that the Dyersburg Tn real estate market is starting to pick-up and for houses priced at or near their real value, these should sell within 3-4 months.