People never believe me when I tell them they have a good choice of houses for sale for less than $10,000; many below $5000.  Looking for a deal?  Check out these from the Memphis Area Assoc. of Realtors MLS:

Some investors buy houses like these by the dozen. If you have some cash, some of these, or others like them could be quite rewarding to you urban pioneers out there.

[Note: This slide show is dynamic and will update as properties come on the market or are sold.]
Also added a cheap house page on spake.com http://spake.com/memphis-cheapest-houses/

Joe Spake is a Memphis, Tennessee based Consultant, Real Estate Broker, and Blogger. Call 901.214.5563 for a consultation or click to make a social connection.
If you enjoy this blog, please subscribe to the RSS Feed. 

If you use Google+, I have just started a brand new business page. Visit it HERE.

Sure we have Million Dollar+ homes in the Memphis Area.  The Memphis Area Association of Realtors reports that 9 homes with prices $1,000,000 or above had been sold this year as of the end of June.  Compare the sales to the number of $M+ houses currently on the market –  118, and the Memphis area looks like a prime market for high-end buyers.  With an absorption rate of 1.28 units/month,  that’s 91.8 months or 7.6 years of supply!

With those odds stacked in favor of home buyers, there’s bound to be some great deals out there.

Have a look at the inventory HERE

And, of course, if you are thinking of capitalizing on this glutted market, I would love to represent you.

Memphis Real Estate Listings above $1,000,000

Joe Spake is a Memphis, Tennessee based Consultant, Real Estate Broker, and Blogger. Call 901.214.5563 for a consultation or click to make a social connection.
If you enjoy this blog, please subscribe to the RSS Feed. 

If you use Google+, I have just started a brand new business page. Visit it HERE.

Here is an overview of current listings in Midtown Memphis.   I specialize in this market.  Contact me if you have questions about Midtown,  historic homes, purchasing or selling a home in Midtown.

Midtown Real Estate Listings 7/22/2011

Listing information subject to change.  Contact me for the latest updates.

Joe Spake is a Memphis, Tennessee based Consultant, Real Estate Broker, and Blogger. Call 901.214.5563 for a consultation or click to make a social connection.
If you enjoy this blog, please subscribe to the RSS Feed. 

If you use Google+, I have just started a brand new business page. Visit it HERE.

Enjoy all the amenities of High Point Terrace for a very reasonable price. This 3 Bedroom home is in great shape. Large, fenced back yard with storage building; many updates inside. Close to Green Line. Walk to High Point shopping.

For more info, visit: http://3739swanridge.com

Or call Joe at 901-214-5563 for a private showing.

Joe Spake is a Memphis, Tennessee based Consultant, Real Estate Broker, and Blogger. Call 901.214.5563 for a consultation or click to make a social connection.
If you enjoy this blog, please subscribe to the RSS Feed. 

If you use Google+, I have just started a brand new business page. Visit it HERE.

Image by joespake via Flickr

In another attempt to drum up some activity in the residential real estate market, the National Association of Realtors has designated this Saturday and Sunday (June 4-5) as the Nationwide Open House Weekend.  So, you should have a good selection of houses across the area to check out tomorrow.

If you decide to brave the Memphis heat,  I will be holding 3739 N. Swan Ridge Cir. open from 2-4 on Sunday (6/5),  so come on by and say hello.  I will have bottled water and some paper towels for your comfort.  Close to the Green Line, just off High Point if you are biking or on foot.  I’d love to meet you!

Related articles

• It’s the weekend of the open house (seattletimes.nwsource.com)
• Does anybody read this blog? (memphisrealestatebuzz.com)
• 2011 NATIONWIDE OPEN HOUSE WEEKEND JUNE 4TH & 5TH; KOENIG & STREY REAL LIVING SHOWCASES HOMES (via Britta Rivera Venture) (brittaj17.wordpress.com)

Joe Spake is a Memphis, Tennessee based Consultant, Real Estate Broker, and Blogger. Call 901.214.5563 for a consultation or click to make a social connection.
If you enjoy this blog, please subscribe to the RSS Feed. 

If you use Google+, I have just started a brand new business page. Visit it HERE.