Soddy Daisy, TN

Everything you see here is reliable but not guaranteed. Here's another report, this one for our neighbors to the north, Soddy Daisy. These numbers cover all of the 37379 ZIP code as reported to the Chattanooga MLS.

Soddy Daisy Real Estate Sales (All prices)

All active homes for sale: 212

Pending or contingent listings (under contract): 24

Residential listings closed (sold) during the past month: 18

Number of months to sell current actives at last month's sales pace: 11.8

Under $100,000

Active homes for sale: 30

Pending or contingent listings: 8

Residential listings closed last month: 7

Number of months to sell current actives at last month's sales pace: 4.3

$100,000-200,000

Active homes for sale: 94

Pending or contingent listings: 8

Residential listings closed during the last month: 5

Number of months to sell current actives at last month's sales pace: 18.8

$200,000-400,000

Active homes for sale: 46

Pending or contingent listings: 6

Residential listings closed during the last month: 5

Number of months to sell current actives at last month's sales pace: 9.2

Over $400,000

Homes for sale: 42

Pending or contingent listings: 2

Residential listings closed during the last month: 1

Number of months to sell current actives at last month's sales pace: 42

Ouch! What a difference a month makes. Last month's Soddy Daisy real estate report was looking pretty darn good. This month, it's looking pretty painful. The $100-200k range makes up the bulk of this market and it saw only 5 little bitty closings last month. Ironically, the $200-400k range is looking better than a lot of places. It had the same number of sales (5) as the lower price point, but with half the inventory. As with some of the other smaller areas that I do these reports on, you have to consider the fact that just a couple of sales up or down causes some pretty wild fluctuations in the absorption rate (# of months to sell current homes for sale at last month's pace) and I think that's really what we're seeing here. I'm just not sure if the anomaly was last month, or this one...

Click to see current Soddy Daisy homes for sale.

Everything you see here is reliable but not guaranteed. Here's another brand new report, this time for our neighbors to the north, Soddy Daisy. These numbers cover all of the 37379 ZIP code as reported to the Chattanooga MLS.

Soddy Daisy Real Estate Sales (All prices)

All active homes for sale: 204

Pending or contingent listings (under contract): 26

Residential listings closed (sold) during the past month: 28

Number of months to sell current actives at last month's sales pace: 7.3

Under $100,000

Active homes for sale: 34

Pending or contingent listings: 9

Residential listings closed last month: 7

Number of months to sell current actives at last month's sales pace: 4.9

$100,000-200,000

Active homes for sale: 79

Pending or contingent listings: 6

Residential listings closed during the last month: 12

Number of months to sell current actives at last month's sales pace: 6.6

$200,000-400,000

Active homes for sale: 51

Pending or contingent listings: 8

Residential listings closed during the last month: 7

Number of months to sell current actives at last month's sales pace: 7.3

Over $400,000

Homes for sale: 40

Pending or contingent listings: 3

Residential listings closed during the last month: 2

Number of months to sell current actives at last month's sales pace: 20

Since I haven't ever done a Soddy Daisy real estate report before I was a little surprised by these numbers. Overall absorption rate (number of months to sell current homes for sale) of 7.3? What, what, what? Compare that to the Hamilton County rate of 11.8. And that holds true even for the not-so-rosy $200-400k market. Just looking at the numbers it seems like Soddy Daisy needs more houses on the market. Who knew?

Click to see current Soddy Daisy homes for sale.

Hixson, TN and Soddy Daisy, TN Home Sellers - Tip of the Week 02.05.10

Treatment Options

Did you know...

Windows are only as good as the window treatments.

Even the best, brightest windows will be hampered by dark and dingy window treatments. So, for a home to show well, make certain the window treatments are a strength, not a weakness.

Hixson, TN and Soddy Daisy, TN Home Buyers - Tip of the Week 02.02.10

Month's end

Did you know...

The end of the month is very busy for most title companies. So, make sure they have your closing scheduled well in advance.

Otherwise, the closing could be pushed to the beginning of the next month, thereby increasing closing costs.

Hixson, TN and Soddy Daisy, TN Homes for Sale - HomeCounter as of 02.04.10

• Total Number of active residential listings = 509 (down from last week)

Number of residential listings under contract = 96 (up from last week)

• Total Number of active residential Foreclosures, HUD, REO listings = 35 (down from last week)

Total Number of residential Foreclosures, HUD, REO listings under contract = 31 (unchanged from last week)

Joel's Comments -

The Hixson and Soddy Daisy market of homes for sale followed the larger market. Active homes decreased, while homes under contract increased.

The market for foreclosures for sale shrank. And the number of foreclosures under contract held steady.

For more Hixson and Soddy Daisy area statistics, tips, information and resources, or to set up you own custom search of homes for sale please visit theprinciplegroup.net