All Blog Posts (24)

One home in Sequoyah Hills transfered ownership in February for $130 per square foot. In 2011 four homes closed in the month of February with a price per square foot of $157.

I'm sure you've notices some of the plantings and improvements going on over on Cherokee Boulevard.  Here's a good article about it from KnoxNews.com...

More blooms: Cherokee Boulevard median gets a $146K upgrade

Two homes in Sequoyah Hills transfered ownership in January.  The average price per square foot for these transactions was $95.  In 2011 only one home closed in the month of January with a price per square foot of $80.

Don't let these January prices get you down - it's one of the worst months of the year, along with December and August, as far as volume goes, and typically when volume is down, prices dip.  All the homes represented in the last couple of Januarys could be classified as…

Four homes in Sequoyah Hills transfered ownership in December.  However, the average price per square foot is skewed tremendously, as one of the homes sold for well over $300 per square foot, and another sold for well over $200 per square foot.  Before we start getting too excited, it should be noted that the first home mentioned sat on over an acre of land and had other upside that overcame its small square footage, and the second home mentioned was actually sold for  $425,000 LESS than it…

In a move that is shocking only to those that haven't been paying attention, NAR just revised downward their sales estimates for basically the duration of the housing bubble's burst.  Details can be found in this Wall Street Journal Blog.

The good news is that the market really isn't any worse than we already thought it was, just the reported…

Two homes in Sequoyah Hills transfered ownership in November.  The average price per square foot for these transactions was $111.  These were not closed in the Knoxville MLS, but were transfers done in our office that did not get reflected in the MLS as of this date.    In 2010,  two homes also were sold in the month of November with a price per square foot of $167.

We again are seeing the dramatic fluctuations in price per square foot when looking at a small sample size.  We're also…

Four homes in Sequoyah Hills transfered ownership in October.  The average price per square foot for these transactions was $185 as per information in the Knoxville MLS.    In 2010, only two homes were sold in the month of October with a price per square foot of $151. This type of fluctuation from month to month and year to year underscores how the housing market is really made up of many smaller markets based on location, size, condition and price.  Depending on who is looking at a…

Four homes in Sequoyah Hills transfered ownership in September.  The average price per square foot for these transactions was $94 as per information in the Knoxville MLS.    In 2010, only one home was sold in the month of September with a price per square foot of $108. In the case of the 2011 sales, the low price per square foot can be attributed to one home with over 7000 square feet that sold for a very low price per square foot.  This was a home that was on the market for some time and…

July continued a relatively positive volume trend for Sequoyah real estate.  Five homes in Sequoyah Hills transfered ownership in July.  The average price per square foot for the July transactions was $160 as per information in the Knoxville MLS.    In 2010, only one home was sold in the month of July with a price per square foot of $97. Even in these tough economic times, Sequoyah Hills has proven to be a stable housing market.  Volume is still substantially down from the peaks back in 2005…

One of the upsides of a real estate correction like the one we are seeing is that for those that are in the market to buy a home, they have become far more affordable in recent years.  Couple that with low interest rates and we are seeing a buying opportunity that has rarely, if ever, been present in our lifetimes.

A Housing Affordability Index of 100 represents the ability of a median income family to afford a median priced home.  As the index goes up, affordability…

January, a traditionally slow (as in glacial) month for real estate was unseasonably hot in Sequoyah Hills, though you wouldn't know it from the numbers.  Only one home closed in January in the neighborhood, but numerous homes were taken to "pending", and the level of showing activity seemed higher than I can remember for any January, including back in 2005 and 2006 when the market was overheated.

Based on the current activity, the time of year (with Spring right around the corner),…

Well, it's finally 2011!  Time to put to bed the year in real estate that was 2010 (not a great one by national standards, but much better in Sequoyah Hills than 2009).  I love the opportunity to restart the clock on what's going on in my life - work, exercise, eating, family, and just about everything else.  Depending on how long I can keep it up, I feel like I can make substantial changes by taking it one day at a time, starting with January 1st.

This year at the forefront…