Memphis Real Estate Buzz » real estate

Goodbye – Hello

Joe Spake — Wed, 11 Jan 2012 02:21:05 +0000

Last post on Memphis Real Estate Buzz

Moving to http://Blog.Spake.com

Image by joespake via Flickr

If you have come to this URL – http://MemphisRealEstateBuzz.com for the last few years for my local and national real estate news and comments, thank you! This is the last post on this blog. No I am not giving up real estate blogging – just changing the blog’s URL and look.

I am integrating Memphis Real Estate Buzz as a sub-domain of my main site, http://spake.com. From now on you can find my real estate posts, and hopefully other interesting posts at http://blog.spake.com. This blog will be automatically redirected there.

Thanks for your support. If you are an RSS subscriber, please go to http://blog.spake.com and subscribe there (all the posts from this blog are archived and searchable there). You won’t be automatically subscribed at the new location. You can use this link to subscribe right now. If you would prefer to receive new posts by mail, use Subscribe%20to%20Memphis%20Real%20Estate%20Buzz%20Blog%20by%20Email">this link.

So, I will see you on the other side. I will leave this site up for a while, to make sure all the permalinks to posts transfer properly to a new and permanent location.

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.

Thanks you for reading Goodbye – Hello. For similar Memphis Real Estate articles visit Memphis Real Estate Buzz ,

Special note for current RSS Subscribers – If you subscribe to Memphis Real Estate Buzz via RSS feed, Please subscribe and start following this new feed for spake.com. This will assure that you do not miss any items from either blog as I begin the process of merging the 2 blogs into one feed. Watch for future updates

Memphis Bungalows

Joe Spake — Mon, 21 Nov 2011 17:42:01 +0000

Midtown Memphis Bungalow

Most of Memphis’ Bungalows are located in the Mid-City area, roughly bounded by Bellevue, the Wolf River, Highland, and South Parkway, however you see samples of the style in other parts of the city that saw development in the 1920s.

Memphis Bungalows feature low pitched roofs with usually with significant overhang; 0ne or one and a half stories, and a front porch. The interior features a practical floor plan, usually with a short central hallway, separate living and dining rooms. Many of the Bungalows found in Memphis were built from Sears Kits.

So what is a Bungalow?

Probably the most definitive description and examples for the layman can be found in this article. There are many definitions in the United States and around the world: Craftsman, Prairie, and Chicago styles are perhaps the most recognizable.

Bungalows for Sale in Memphis

Here are samples of bungalows currently on the market in Memphis. Since this is a dynamic slideshow (automatically updated), and since we have to depend on listing agents’ definition of ”bungalow” some images may not be representative of the classic bungalow style.

To see ALL the bungalows currently on the market in Memphis, CLICK HERE.

Related link: Memphis is a great bungalow town

Special note for RSS Subscribers – If you subscribe to Memphis Real Estate Buzz via RSS feed, Please subscribe and start following this new feed for spake.com. This will assure that you do not miss any items from either blog as I begin the process of merging the 2 blogs into one feed. Watch for future updates.

By the way, if you use Google+, I have just started a brand new business page. Visit it HERE.

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

Thanks you for reading Memphis Bungalows. For similar Memphis Real Estate articles visit Memphis Real Estate Buzz ,

Memphis area residential real estate sales – September, 2011

Joe Spake — Tue, 11 Oct 2011 13:14:29 +0000

September 2011 Total Sales

The Memphis Area Association of Realtors (MAAR) reports that September residential real estate sales in Shelby, Fayette, and Tipton Counties increased slightly over 2010, based on data compiled from deeds recorded in those counties. Total units sold increased increased by 19 units or 1.8%. There was a 2.7% increase in median sales price, while average sales price dropped by 4.4% . Year-to-Date totals show a 11.7% decrease in sold units from 2010, with both median and average sales prices dropping.

The report is loaded with interesting information about about sales and inventory. Foreclosure auctions are down, as are bank sales. The resultant increase in “normal” sales indicates a strengthening market, despite the constant market corrections in prices.

New home sales saw a big drop – 43 units vs. 69 units in 2010, with a YTD drop of 34.1%

September 2011 New Home Sales Comparison

I always stress that real estate is a Micro thing. The area reports section proves this by breaking down sales statistics by area, so you can see how your neighborhood fits into the big picture.

Download the full September report Here

If you have real estate questions, contact me either through the contact form on the site or directly.

Related articles

Memphis area residential sales reports – August 2011 (memphisrealestatebuzz.com)

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

Thanks you for reading Memphis area residential real estate sales – September, 2011. For similar Memphis Real Estate articles visit Memphis Real Estate Buzz ,

Memphis home sales for July up from last year

Joe Spake — Mon, 22 Aug 2011 14:15:03 +0000

The Memphis Area Association of Realtors has released MLS sales results for July, 2011 and year-to-date.

987 Units were sold in July, a 21% increase from 2010. Average sale price and median sales price also rose. Year-to-date unit sales still lag 8% behind 2010 with a total of 6,417 units sold so far. The sales report breaks down sales by price, days on market, bedrooms/baths, and other indices.

Download the entire report here

According to the MAAR Site Brokers and agents make up a total of 3285 licensees selling real estate in the Memphis MLS area. If you multiply the number of sales by 2 (buyer side + seller side), 12,834 sides have been sold this year – a total of 3.9 sides per agent through the first 7 months of the year. Based on an average sale of $141,000 and typical commissions and broker splits, an agent would net about $3380/side (and that’s probably on the high side) sold before taxes and expenses. I am still amazed at how many licensees have stayed in the business, or at least kept their licenses active, but I think there is a thread of optimism among the professionals as we all hope to see more activity and better values in the foreseeable future.

There’s a new sign in Memphis real estate (memphisrealestatebuzz.com)

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

Thanks you for reading Memphis home sales for July up from last year. For similar Memphis Real Estate articles visit Memphis Real Estate Buzz ,

Digest of real estate news and other interesting stuff for week ending August 4th

Joe Spake — Fri, 05 Aug 2011 04:00:05 +0000

	Published Don’t Overlook Midtown Memphis Condos.
	Posted 20 Percent Down For Home Purchase The New Standard, Again?.
	Published Digest of real estate news and other interesting stuff for week ending July 28th.
	Posted Midtowners reap health benefits, convenience of having vegetable garden in front yard » The Commercial Appeal.
	Posted Real estate marketing statistics for 2011, shockingly different than 2010.
	Posted Memphis had seventh-highest airfare in U.S. during 1Q.
	Shared 10 photos. Pear Preserves IMG_3278 Pear preserves Pear Preserves ready for canning IMG_3280 Pear preserves ready for canning Filling the Jar Processing Jars of Pear Preserves IMG_3284 IMG_3282
	Published Large inventory of $M+ homes in the Memphis Area.
	Posted Memphis seeks federal help to protect McKellar Lake harbor.
	Shared Flash Dump. Flash Dump
	Posted For-Sale-By-Owner founder fails to sell his own home, hires a broker.
	Posted Beale Street Landing “fiasco” – July Memphis Magazine.
	Shared Fig Preserves on Muffin.
	Posted Letter: MATA headed for a breakdown » The Commercial Appeal.
	Posted Foreclosed properties become magnets for thieves » The Commercial Appeal.
	Posted The 10 worst real estate markets across America.
	Published For the love of figs, a new hobby.

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

Thanks you for reading Digest of real estate news and other interesting stuff for week ending August 4th. For similar Memphis Real Estate articles visit Memphis Real Estate Buzz ,