Recently Sold Homes Chattanooga TN 37421

Recently Sold Homes Chattanooga TN 37421

Sold Homes

Recently Sold Homes Chattanooga TN 37421

In August of 2013 there were 18 homes sold over $200,000.  Many of the homes are young.  The solds are as follows:

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14 of the 18 sales are homes built in the last 13 years.  Newer homes are selling well.  So how is the market overall?  Well there are 165 homes for sale priced $200,000 or greater in 37421.  The average number of sales per month since January is 19.  So by dividing 165 by 19 we get just about 9  months of inventory.  This is a good market.  If the months of inventory were 6 or 7, then that would mean a stronger market.  Stronger markets invite builders and developers.  When the numbers start to go over 10-12 months that is a caution.

If you are thinking about selling your home in 37421 then this is a decent market overall.  You need to ask your real estate agent several things.

1.  How many homes are selling in the price range value of my home per month?

2. How many homes am I competing with?

3. What do I need to do to be the next home to win?

If you are thinking of buying a home in 37421 then consider the lifestyle, amenities, location, and condition of the property.  There are many great neighborhoods in this area to choose from.  Subdivisions that sold 2 homes or more in August were Belleau Woods, Emerald Valley, Mountain Shadows, and The Lakes at Standifer.

Recently Sold Homes Chattanooga TN 37421 shows August 2013 a solid month of sales.