The Memphis Area Home Sales Report, provided by the Memphis Area Association of Realtors, reports that the average home sales price for February 2015 was up 16.2% from February 2014 to $147,557. The total number of units sold saw a decrease to 1971 compared to 2083 units in 2014.
Home owners in Germantown benefited from the greatest increase in average sales prices from $26,4962 in February 2014 to an increase of 56.8% to $415,487. This increase is only for existing home sales as new construction and bank owned properties experienced a decrease in average sales price from the same period in 2014. There was one million dollar home sold in February 2015 and another with a sales price of $982,000 which certainly helped with the increase in average sales prices in the area.
The National real estate numbers don’t show such favorable results. Watch this video to learn more
This Month in Real Estate
Getting top dollar for you home requires a strategic pricing and marketing strategy. Suzanne White uses an innovative marketing strategy to sale homes. Make sure you hire an agent who doesn’t just list homes, but markets to sell homes.
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Suzanne White, REALTOR
Keller Williams Realty
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