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Dyersburg, TN Real Estate News

By Mike Frazier, Northwest Tennessee Realtor
(Carousel Realty of Dyer County)
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 ...
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By Mike Frazier, Northwest Tennessee Realtor
(Carousel Realty of Dyer County)
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 wi...
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By Mike Frazier, Northwest Tennessee Realtor
(Carousel Realty of Dyer County)
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 ...
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By Mike Frazier, Northwest Tennessee Realtor
(Carousel Realty of Dyer County)
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 a...
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By Mike Frazier, Northwest Tennessee Realtor
(Carousel Realty of Dyer County)
About 3 weeks ago I got a response off loopnet from a realtor/broker in California. She called inquiring about some commercial and residential property I had listed in Newbern,Tennessee. I sent her loads of extra pictures and information and she was ready for her clients to buy. So, I wrote the contracts for her to give to her California clients and we then negotiated the two contracts subject to this broker(Mary) coming to Tennessee next Tuesday and review the properties with the assistance of a local inspector. She also stated that she has other investors wanting to purchase here as well. If you have cash flowing properties that you want to sell, let me know and I will put Mary on them.I have been talking to other realtors here in Dyersburg(west) Tennessee and they too are working wit...
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By Mike Frazier, Northwest Tennessee Realtor
(Carousel Realty of Dyer County)
 I am Mike Frazier and I am the broker/Owner of Carousel Realty in Dyersburg,Tennessee 38024. About 3 years ago I started blogging about the Dyersburg real estate market. That url iswww.dyersburgrealestate.blogspot.com  I also write on two other blogs which are www.tennesseelakefrontproperties.com and www.dyersburgacreage.blogspot.comThe Dyersburg market is holding up remarkable well considering what is going on in other parts of the country and even in other parts of our state. I recently attended the Tennessee Association of Realtors convention in Destin,Florida and I had a chance to interview realtors from across the state of Tennessee. My last post on the above blog includes interviews with the realtors from across the state.The Dyersburg marketing time has gone up for homes to sell...
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