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Memphis Area Home Sales Report April 2017 Sales Summary April Total Sales Units Median Sales Price Average Sales Price

2017 1,471 $135,500 $167,030

2016 1,532 $130,000 $160,859

YTD Total Sales % change -4.0% 4.2% 3.8%

2017 5,483 $122,500 $156,362

2016 5,057 $120,000 $149,266

% change 8.4% 2.1% 4.7%

April Existing Sales

YTD Existing Home Sales

2017 2016 % change 1,426 1,466 -2.7% $132,000 $125,000 5.6% $162,378 $154,770 4.9% April New Home Sales

2017 2016 % change 5,250 4,823 8.8% $117,000 $113,900 2.7% $149,306 $142,458 4.8% YTD New Home Sales

Units Median Sales Price Average Sales Price

2017 45 $277,900 $314,459

2016 % change 66 -31.8% $269,900 3.0% $296,099 6.2% April Bank Sales

2017 233 $279,056 $315,333

2016 % change 234 -0.4% $259,950 7.3% $289,573 8.9% YTD Bank Sales*

Units Median Sales Price Average Sales Price

2017 111 $50,900 $77,702

2016 % change 180 -38.3% $49,414 3.0% $79,338 -2.1% April Non-Bank Sales

2017 480 $51,000 $76,048

2016 % change 717 -33.1% $46,000 10.9% $71,400 6.5% YTD Non-Bank Sales

Units Median Sales Price Average Sales Price

2017 1,360 $144,900 $174,321

Units Median Sales Price Average Sales Price

2016 1,352 $140,000 $171,712

% change 0.6% 3.5% 1.5%

2017 5,003 $130,000 $164,067

2016 4,340 $134,000 $162,130

% change 15.3% -3.0% 1.2%

AUG

SEP

1,367 1,487

MAY2015 JUN2016 JUL 2017

1,489

APR

1,086

1,685 1,621

1,663 1,781

MAR

1,336 1,523

FEB

1,424 1,616

JAN

1,483 1,738

1,000

1,384 1,539

1,200

934 1040 1,130

1,400

1,033 956 1,134

1,600

1,268 1,511 1,471

1,800

1,270 1,352 1,634

Data compiled from deeds that were recorded in Shelby, Fayette and Tipton counties. *Bank sales represent all warranty deeds recorded in Shelby, Fayette and Tipton counties where the seller was a bank, REO company, or other similar institution.

800 600 400 200 0 OCT

NOV Source is DEC MAARdata unless otherwise noted.


Memphis Area Home Sales Report April Sep 2017 Active Listings, Pending Sales and Foreclosure Action Summary Active Listings (as of 04-17-17)

Pending Sales (as of 04-17-17)

Units 4,448 165 67 4,681

Units 1,588 54 11 1,652

Single Family Condo/Co-op Duplex Market Total

Ave. List Price $259,010 $188,798 $94,532 $254,163

Single Family Condo/Co-op Duplex Market Total

April Foreclosure Actions 2017 170

Total

2016 203

Ave. List Price $190,764 $210,237 $118,000 $190,925

YTD Foreclosure Actions

% change -16.3%

2017 696

2016 840

% change -17.4%

Compiled from trustee deeds recorded in Shelby, Fayette and Tipton counties.

6,000 5,800 5,600 5,400 5,200 5,000 4,800 4,600 4,400 4,200 4,000

Inventory May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16

6,338 6,472 6,539 6,374 6,404 6,291 6,086 5,793 5,377 5,474 5,564 5,595

May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-17 Jan-17 Feb-17 Mar-17 Apr-17

5,535 5,639 5,732 5,666 5,504 5,399 5,235 4,715 4,344 4,500 4,464 4,681

Apr17

Mar17

Feb17

Jan17

Dec16

Nov16

Oct16

Sept16

Aug16

July16

June16

May16

Apr16

Mar16

Feb16

Active Listings: Trend and 24-Month Totals


Southwind

Hickory Hill

Parkway Village/ Oakhaven

Whitehaven E. Memphis

Berclair/ Highland Heights

S. Memphis

Midtown

Downtown

Raleigh/ Cov. Pike

Frayser

April 2017

Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price

2017 89 $32,000 $42,652 67 $75,000 $74,447 37 $236,000 $231,689 90 $155,875 $178,050 33 $15,500 $18,906 50 $38,250 $38,560 263 $129,000 $174,070 56 $53,625 $57,398 43 $46,050 $53,162 122 $93,750 $96,201 14 $171,500 $226,272

April Total Sales 2016 % change 60 48.3% $26,750 19.6% $35,839 19.0% 77 -13.0% $66,134 13.4% $67,411 10.4% 43 -14.0% $197,000 19.8% $192,421 20.4% 76 18.4% $130,000 19.9% $146,216 21.8% 40 -17.5% $17,075 -9.2% $23,100 -18.2% 58 -13.8% $25,998 47.1% $36,077 6.9% 253 4.0% $141,500 -8.8% $184,486 -5.6% 69 -18.8% $50,000 7.3% $56,313 1.9% 51 -15.7% $36,501 26.2% $43,457 22.3% 105 16.2% $82,450 13.7% $89,951 6.9% 13 7.7% $288,379 -40.5% $307,879 -26.5%

April Existing Sales 2017 2016 % change 89 60 48.3% $32,000 $26,750 19.6% $42,652 $35,839 19.0% 67 77 -13.0% $75,000 $66,134 13.4% $74,447 $67,411 10.4% 37 40 -7.5% $236,000 $183,500 28.6% $231,689 $181,538 27.6% 90 76 18.4% $155,875 $130,000 19.9% $178,050 $146,216 21.8% 33 40 -17.5% $15,500 $17,075 -9.2% $18,906 $23,100 -18.2% 50 58 -13.8% $38,250 $25,998 47.1% $38,560 $36,077 6.9% 263 252 4.4% $129,000 $140,750 -8.3% $174,070 $180,892 -3.8% 56 69 -18.8% $53,625 $50,000 7.3% $57,398 $56,313 1.9% 43 51 -15.7% $46,050 $36,501 26.2% $53,162 $43,457 22.3% 121 102 18.6% $92,500 $80,000 15.6% $95,055 $86,627 9.7% 13 10 30.0% $168,000 $368,050 -54.4% $225,423 $323,914 -30.4%

April New Home Sales 2017 2016 % change

-66.7% -54.0% 15.7% -66.7%

April Bank Sales 2017 2016 % change 14 14 0.0% $24,750 $16,851 46.9% $38,082 $27,816 36.9% 4 11 -63.6% $79,770 $50,240 58.8% $79,984 $47,715 67.6% 1 4 -75.0% $33,766 $125,000 $85,615 46.0% 7 8 -12.5% $104,900 $64,500 62.6% $102,757 $70,694 45.4% 10 15 -33.3% $13,000 $12,001 8.3% $12,977 $21,390 -39.3% 3 7 -57.1% $25,000 $24,334 2.7% $32,765 $50,105 -34.6% 10 15 -33.3% $36,985 $45,500 -18.7% $48,686 $64,235 -24.2% 10 14 -28.6% $25,251 $36,052 -30.0% $28,173 $40,851 -31.0% 5 11 -54.5% $38,300 $29,680 29.0% $37,831 $31,387 20.5% 14 24 -41.7% $57,500 $58,410 -1.6% $59,772 $67,618 -11.6% 1 1 0.0%

-6.7%

$140,400

3 $328,062 $337,524

1 $1,090,000

1 $234,900 1 $237,315

3 $199,588 $202,978 3 $249,900 $254,426

$437,824

-67.9%


Tipton County

Fayette County

Shelby County

Millington

Arlington

Lakeland

Collierville

G'town

Bartlett

Cordova

April 2017

Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price

2017 181 $149,900 $166,846 99 $174,900 $196,381 65 $300,000 $354,997 83 $310,000 $351,109 21 $235,000 $260,719 34 $232,500 $245,232 14 $129,950 $151,078 1,339 $130,000 $163,614 65 $198,000 $246,286 67 $158,000 $158,407

April Total Sales 2016 % change 197 -8.1% $135,000 11.0% $152,815 9.2% 115 -13.9% $175,000 -0.1% $186,573 5.3% 77 -15.6% $289,000 3.8% $311,822 13.8% 107 -22.4% $286,000 8.4% $321,411 9.2% 33 -36.4% $179,900 30.6% $244,057 6.8% 36 -5.6% $229,250 1.4% $234,318 4.7% 23 -39.1% $110,000 18.1% $117,488 28.6% 1,405 -4.7% $127,000 2.4% $159,679 2.5% 53 22.6% $192,500 2.9% $223,470 10.2% 74 -9.5% $134,950 17.1% $138,417 14.4%

April Existing Sales 2017 2016 % change 173 185 -6.5% $147,000 $130,000 13.1% $163,917 $149,032 10.0% 93 101 -7.9% $172,000 $170,000 1.2% $190,521 $177,020 7.6% 64 76 -15.8% $297,450 $287,000 3.6% $352,830 $304,741 15.8% 77 102 -24.5% $299,900 $277,500 8.1% $333,504 $312,981 6.6% 21 32 -34.4% $235,000 $178,950 31.3% $260,719 $239,968 8.6% 28 30 -6.7% $224,700 $210,000 7.0% $230,299 $218,491 5.4% 14 23 -39.1% $129,950 $110,000 18.1% $151,078 $117,488 28.6% 1,310 1,356 -3.4% $128,225 $124,000 3.4% $159,693 $154,271 3.5% 55 41 34.1% $190,000 $176,500 7.6% $241,958 $210,752 14.8% 61 69 -11.6% $155,000 $126,000 23.0% $148,293 $131,321 12.9%

April New Home Sales 2017 2016 % change 8 12 -33.3% $193,894 $195,112 -0.6% $230,178 $211,131 9.0% 6 14 -57.1% $289,091 $268,310 7.7% $287,205 $255,494 12.4% 1 1 0.0% $493,689 6 $554,075 $577,040

$850,000 5 $465,000 $493,375 1

-41.9% 20.0% 19.2% 17.0%

6 $306,875 $314,916

$374,900 6 $304,873 $313,450

0.0% 0.7% 0.5%

29 $302,900 $340,769 10 $254,400 $270,091 6 $273,750 $261,241

49 $270,633 $309,342 12 $248,025 $266,921 5 $235,000 $236,340

-40.8% 11.9% 10.2% -16.7% 2.6% 1.2% 20.0% 16.5% 10.5%

2017 11 $145,107 $167,834 5 $217,000 $191,078 1 $150,200 1 $270,954 1

April Bank Sales 2016 % change 13 -15.4% $118,400 22.6% $111,213 50.9% 9 -44.4% $138,000 57.2% $134,901 41.6% 2 -50.0% $291,500 4 $226,125 $409,625

-48.5% -75.0% -33.9%

$265,900 1

99 $46,050 $75,394 3 $99,900 $81,221 9 $67,250 $101,926

$133,000 3 $56,000 $64,408 158 $46,140 $75,825 6 $103,000 $163,099 16 $94,950 $82,618

-37.3% -0.2% -0.6% -50.0% -3.0% -50.2% -43.7% -29.2% 23.4%


Southwind

Hickory Hill

Parkway Village/ Oakhaven

Whitehaven E. Memphis

Berclair/ Highland Heights

S. Memphis

Midtown

Downtown

Raleigh/ Cov. Pike

Frayser

April 2017

Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price

2017 307 $30,000 $38,565 320 $72,827 $73,357 150 $231,000 $233,376 270 $137,000 $156,189 153 $18,500 $24,930 171 $39,000 $40,742 934 $123,750 $168,184 260 $53,125 $56,432 200 $55,000 $58,202 428 $90,750 $95,778 49 $182,000 $230,965

YTD Total Sales 2016 % change 243 26.3% $22,000 36.4% $37,994 1.5% 288 11.1% $65,000 12.0% $69,119 6.1% 128 17.2% $197,461 17.0% $198,543 17.5% 260 3.8% $119,350 14.8% $142,102 9.9% 147 4.1% $15,000 23.3% $20,287 22.9% 198 -13.6% $27,000 44.4% $34,528 18.0% 845 10.5% $125,000 -1.0% $171,100 -1.7% 242 7.4% $47,755 11.2% $53,927 4.6% 185 8.1% $39,500 39.2% $46,261 25.8% 362 18.2% $87,950 3.2% $91,270 4.9% 39 25.6% $192,000 -5.2% $252,309 -8.5%

2017 307 $30,000 $38,565 319 $72,653 $73,332 149 $230,000 $233,226 269 $137,000 $156,678 153 $18,500 $24,930 171 $39,000 $40,742 932 $122,850 $167,761 259 $53,000 $55,869 200 $55,000 $58,202 414 $88,925 $93,538 44 $177,000 $225,098

YTD Existing Sales 2016 % change 242 26.9% $22,000 36.4% $37,891 1.8% 278 14.7% $64,900 11.9% $66,346 10.5% 122 22.1% $192,000 19.8% $193,385 20.6% 260 3.5% $119,350 14.8% $142,102 10.3% 147 4.1% $15,000 23.3% $20,287 22.9% 198 -13.6% $27,000 44.4% $34,528 18.0% 843 10.6% $125,000 -1.7% $170,021 -1.3% 242 7.0% $47,755 11.0% $53,927 3.6% 184 8.7% $39,375 39.7% $46,018 26.5% 350 18.3% $85,750 3.7% $87,834 6.5% 36 22.2% $187,450 -5.6% $252,133 -10.7%

YTD New Home Sales 2017 2016 % change 1

1 $81,500 1 $255,738 1

$63,000 10 $153,900 $146,210 6 $326,031 $303,429

-90.0% -44.3% -83.3% -15.7%

$293,500

2

2

0.0%

$365,500 1

$626,000

-41.6%

$202,000 1

14 $181,487 $161,995 5 $244,836 $282,600

$91,000 12 $192,900 $191,505 3 $249,900 $254,426

16.7% -5.9% -15.4% 66.7% -2.0% 11.1%

2017 32 $20,427 $26,944 38 $47,870 $49,953 6 $40,250 $50,251 14 $102,450 $101,185 28 $12,500 $14,207 20 $32,778 $33,810 54 $41,790 $72,326 52 $36,500 $39,046 31 $40,000 $42,197 46 $57,875 $64,957 8 $122,250 $140,000

YTD Bank Sales 2016 % change 58 -44.8% $16,150 26.5% $27,202 -0.9% 58 -34.5% $49,740 -3.8% $48,537 2.9% 11 -45.4% $36,712 9.6% $55,430 -9.3% 31 -54.8% $28,000 265.9% $64,157 57.7% 47 -40.4% $11,777 6.1% $15,310 -7.2% 35 -42.9% $24,000 36.6% $28,260 19.6% 74 -27.0% $34,880 19.8% $53,208 35.9% 58 -10.3% $30,750 18.7% $35,371 10.4% 36 -13.9% $28,000 42.9% $30,021 40.6% 79 -41.8% $55,000 5.2% $64,997 -0.1% 6 33.3% $268,500 -54.5% $275,158 -49.1%


Tipton County

Fayette County

Shelby County

Millington

Arlington

Lakeland

Collierville

G'town

Bartlett

Cordova

April 2017

Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price

2017 665 $148,000 $160,994 369 $189,900 $196,178 218 $287,000 $348,313 293 $315,000 $337,854 85 $230,000 $259,228 109 $243,900 $251,070 64 $111,450 $115,412 5,000 $117,900 $153,946 217 $192,500 $232,825 266 $135,750 $139,379

YTD Total Sales 2016 % change 635 4.7% $140,000 5.7% $155,581 3.5% 346 6.6% $170,450 11.4% $178,755 9.7% 211 3.3% $255,000 12.5% $292,448 19.1% 313 -6.4% $296,000 6.4% $321,140 5.2% 82 3.7% $250,150 -8.1% $258,746 0.2% 101 7.9% $225,000 8.4% $226,949 10.6% 73 -12.3% $100,000 11.4% $113,652 1.5% 4,622 8.2% $115,000 2.5% $148,026 4.0% 191 13.6% $179,900 7.0% $199,079 17.0% 244 9.0% $130,750 3.8% $133,753 4.2%

2017 617 $142,900 $155,441 324 $174,900 $184,245 211 $285,000 $334,164 262 $299,000 $319,389 81 $225,000 $254,221 92 $230,000 $236,389 64 $111,450 $115,412 4,823 $114,000 $147,801 182 $172,200 $217,636 245 $132,000 $128,173

YTD Existing Sales 2016 % change 595 3.7% $135,500 5.5% $151,305 2.7% 296 9.5% $160,700 8.8% $165,560 11.3% 207 1.9% $251,350 13.4% $285,180 17.2% 282 -7.1% $285,500 4.7% $303,306 5.3% 79 2.5% $240,000 -6.3% $256,042 -0.7% 85 8.2% $204,900 12.2% $212,742 11.1% 73 -12.3% $100,000 11.4% $113,652 1.5% 4,443 8.6% $110,000 3.6% $142,095 4.0% 152 19.7% $158,500 8.6% $178,914 21.6% 228 7.7% $126,500 4.3% $125,234 2.3%

YTD New Home Sales 2017 2016 % change 48 40 20.0% $201,357 $205,757 -2.1% $232,375 $219,193 6.0% 45 50 -10.0% $271,175 $252,872 7.2% $282,092 $256,870 9.8% 7 4 75.0% $741,204 $634,599 16.8% $774,829 $668,549 15.9% 31 31 0.0% $455,393 $465,000 -2.1% $493,908 $483,375 2.2% 4 3 33.3% $355,044 $314,999 12.7% $360,022 $329,966 9.1% 17 16 6.2% $310,950 $293,326 6.0% $330,524 $302,422 9.3%

177 $286,600 $321,394 35 $254,900 $311,812 21 $274,500 $270,115

179 $266,719 $295,244 39 $239,900 $277,671 16 $256,900 $255,145

-1.1% 7.5% 8.9% -10.3% 6.2% 12.3% 31.2% 6.8% 5.9%

2017 39 $112,114 $130,169 15 $145,000 $158,178 2 $191,350 9 $243,784 $257,142 6 $208,400 $215,236 2 $123,025 10 $72,500 $109,896 410 $49,140 $73,168 20 $117,692 $144,658 50 $61,250 $72,223

YTD Bank Sales 2016 % change 66 -40.9% $94,152 19.1% $118,381 10.0% 45 -66.7% $135,975 6.6% $137,040 15.4% 6 -66.7% $248,250 $335,544 -43.0% 11 -18.2% $201,750 20.8% $277,995 -7.5% 4 50.0% $143,000 45.7% $175,124 22.9% 9 -77.8% $170,500 $181,055 -32.1% 17 -41.2% $65,000 11.5% $81,334 35.1% 646 -36.5% $44,361 10.8% $70,269 4.1% 22 -9.1% $79,413 48.2% $107,468 34.6% 49 2.0% $65,500 -6.5% $70,118 3.0%


John Green & Company Realtors 108 East Mulberry Street Collierville, TN 38017 901.853.0763 johngreen.com

Market Report April 2017  

Real Estate Market Report 2017 Memphis Area

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