Memphis-area home sales rise a ‘pretty remarkable’ 1.9% in July
Following the early shock of COVID-19, the positive July sales reflect acceptance of a "new normal'' in the local real estate market, one Realtor believes.
There are 36 article(s) tagged residential real estate:
Following the early shock of COVID-19, the positive July sales reflect acceptance of a "new normal'' in the local real estate market, one Realtor believes.
The real estate industry is deemed an essential business and is still operating during the pandemic. But agents are taking such safety precautions as hosting live, virtual open houses and arranging drive-by closings.
Realtors say they intend to tell potential homebuyers to remain in their cars if too many of them show up to open houses at the same time.
The number of February home sales in the Memphis area rose 3 percent from February 2019, but the number of houses for sale – already persistently low for years – fell another 13.5 percent from a year ago, according to the Memphis Area Association of Realtors.
For sale: A grand, carefully restored, 165-year-old mansion on 7 acres.
Kathryn Garland, a former chef turned real estate agent, is the new president of the Memphis Area Association of Realtors.
Collierville recommended approval Thursday of rezoning and a planned residential development for land near Collierville High School.
Shelby County's suburban cities and towns have recorded fewer home sales in 2019's sellers' market, although Millington and Lakeland could beat last year's sale numbers.
The new Stockley subdivision in East Memphis offers a relatively rare number – 21 – of lots for luxury homes that will cost $600,000 to $800,000.
Millennium Companies expects to buy the 180-acre former Germantown Country Club site after the city of Germantown's bid failed. The Arizona-based company specializes in repurposing golf courses.
A passion for Memphis compelled Katie Shotts to return to the city a second time. She is the new chief executive of the Memphis Area Association of Realtors.
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