December 2011 Blog Posts (4)

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…