Stats listed are coming from the 37405 ZIP code. In other words, if you're a North Chatt snob purist be forewarned that this is going to include Stringer's Ridge, a little of Red Bank and some of Signal Mtn Blvd too.
All Northshore/North Chattanooga Real Estate Sales through the Chattanooga MLS
All active listings as of 12/7/09: 119 Pending or contingent listings (under contract) as of 12/7/09: 26 Residential listings closed (sold) during November 2009: 13 Number of months to sell current actives at November's sales pace: 9.2
North Chattanooga Real Estate, Under $200,000
Active, residential listings: 50 Pending or contingent listings: 17 Residential listings closed during November 2009: 4
Number of months to sell current actives at November's sales pace: 12.5
North Chattanooga Real Estate, $200,000-400,000
Active, residential listings: 39 Pending or contingent listings: 5 Residential listings closed during November 2009: 7
Number of months to sell current actives at November's sales pace: 5.6
North Chattanooga Real Estate, $400,000-600,000
Active, residential listings: 9 Pending or contingent listings: 2 Residential listings closed during November 2009: 0
Number of months to sell current actives at November's sales pace: Ummm, infinity? I'm going to call it around 5 based on what's pending.
North Chattanooga Real Estate, $600,000+
Active, residential listings: 21 Pending or contingent listings: 2 Residential listings closed during November 2009: 2 Number of months to sell current actives at November's sales pace: 10.5
North Chattanooga is definitely where you are going to see a disproportionate share of upper end homes selling. 10.5 months worth of inventory compared to a couple of years elsewhere in Hamilton County. After all there really aren't any cheap ones left out there (if you've got one let me know and I can probably find you a buyer lickety split). Most of what makes up that under $200,000 market is probably in Red Bank. Not a bad thing, just not walking distance to Coolidge. If you've got a decent house - maybe even an indecent one - in North Chatt and you price it even reasonably well, it's gonna sell.
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