Dyersburg Tn 38024
As promised here are the sales numbers primarily for the Dyersburg real estate market. Last year I reported that total real estate sales increased about 1.7% over 2005.
For 2007, the residential sales in Dyersburg(only) volume dropped 4%. However in the outlying cities and towns that we service also, volume dropped by 1. Newbern - 15% 2. Trimble - 89% and all of Dyer County down 24%. Most of this volume drop occurred in the second half of 2007(sub-prime mortgage meltdown).
The average sales price in Dyersburg for 2006 was $108,410 but that increased to $119,747 in 2007.
Although Dyersburg residential sales dropped 4%, commercial sales actually increased by 42% from $2,502,500 to $3,545,000. Multifamily sales increased by 36% from $877,251 to $1,197,176.
After crunching all these numbers, Dyersburg(only) had an increase in total sales of $124,283, from $27,502,033 to $27.626,856. That is an increase of about 1/2 percent.
When you compare a drop of 4% with the national average drop of well over 10%(much higher in coastal areas) you can see that Dyersburg is doing pretty well indeed.
The dynamics are in place for The Dyersburg area to continue growing. With a new riverport under construction, great roadways(including eventual I69 through Dyer County) , a very progressive chamber of commerce, new industries, current factories that are hiring, other new businesses and restaurants, etc. Dyersburg is on an long upward spiral.
Mike Fr
azier and his team can be reached at 731-285-2277. They are both listing agents and buyer's agents. We cover not only Dyersburg but surroundings towns of Newbern, Halls, Ripley, Tiptonville, Ridgely and Friendship(all in northwest Tennessee).
For unsurpassed customer service (second to none) contact Mike and his team today!
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