For the last several weeks, real estate sales(in Dyersburg area) have been going up in numbers of pending and closings. The sales numbers for Carousel Realty agents is up substantially from this time last year.  Last year our total sales numbers were $7,165,209 and currently our numbers stand at $4,020,890. If my projections hold, Carousel should sell about $9,000,000 this year. What is driving this numbers? Just over half the sales currently are either REO owned property or bank foreclosures. Also, rental property is starting to sell. Usually rental property is the last to recover after a slowdown. I have also noticed a high number of foreclosures and rental properties being sold to real estate agents. Many of these real estate agents are remodeling these "houses" and putting them back... 05/16/2008

I am glad you asked! Carousel Realty was started in 1998 making us one of the oldest existing real estate firms in Dyersburg. From the very beginning I have strived to make Carousel Realty different from all the rest. They say the best way to creat a great business is to mimic other successful businesses. After analyzing real estate firms across the country, I came to the conclusion that training is the most important factor in having a "Great" real estate office! After training and receiving my real estate license in 1992, I began training to receive different real estate designations. The first of  these was the GRI designation which stands for Graduate-Real Estate Institute. This helped me become  a more "professional Realtor". The next designation I attained was the ABR which stands... 05/13/2008

I have been extremely blessed.  I grew up in a wonderful home with two great parents and three wonderful sisters.  My father was a minister of a small church and also built houses and additions as a second job.  My dad had a ton of patience with me and always encouraged me to never say I couldn't do something, but to figure it out.  As a teenager, my father bought me all the woodworking tools I needed and a big stack of lumber and told me to build solid oak cabinets for the houses he was building.  This was great training.  This has been extremely valuable to me as an adult.  I am a much better husband, father, employee, and citizen because of this work ethic.  Thank you mom and dad.I have also had several mentors as an adult that have encouraged me to work in real estate.  My great fri... 05/07/2008

Mike Frazier | Carousel Realty | mike@dyersburgrealestate.com | 731-589-7841299 Village Street, Dyersburg, TNTHDA bank foreclosure-Priced $15,000 under my BPO.3 Bdrm Single Family Houseoffered at $81,000Year Built1998 Sq Footage1,262 Bedrooms3Bathrooms2 full, 0 partial Floors1 Parking1 Covered spaces Lot Size11,280 sqft HOA/Maint$0 per monthDESCRIPTIONVery nice areasee additional photos belowPROPERTY FEATURESCentral A/CCentral heatWalk-in closetLiving roomDishwasherLaundry area - insideBalcony, Deck, or PatioYardCOMMUNITY FEATURESCovered parkingOTHER SPECIAL FEATURESFenced in backyardADDITIONAL PHOTOS Seller contact info:Mike FrazierCarousel Realtymike@dyersburgrealestate.com731-589-7841For sale by agent/brokerEqual Opportunity HousingPosted: May 1, 2008, 6:17am PDT 05/01/2008

I just completed a new post on my blogger platform about a new industry coming to Blytheville,Arkansas.This information was provided mainly by an article written by Mark Friedman in ArkansasBusiness.com. This new company will be locating at the old Blytheville Air Force Base. The company name is Aviation Repair Technologies and it will be a $20,000,000 air frame and engine repair facility. Projections are for 310-440 employees within 3 years. The average wage paid is projected to be $20 an hour.The location for the new plant(Arkansas Aeroplex) is perfect for this new company. This industry is locating on the old Blytheville Air Force Base where the single runway is over 10,000 ft long. Most large jets will have the ability to take off and land there. There is also a published IFR approa... 04/14/2008

Just had to share this with all of you. God has been so good!Tonight we observed the Lord's Supper at church. It was done in a special way however. Our pastor asked all family members to sit together, and then he called us up one family at a time to observe. Before we took the bread and the fruit of the vine he let each one of us know how much he appreciated us. I was sad because my husband, our son and myself were standing up there but our 18 yr. old daughter chose to stay home so I just felt a little emptiness there. We sit back down in our pew and my 9 year old tells me he is ready to be saved. Of course I asked him if he was sure and that I'm very happy but want to stress the fact that he needs to be ready. He assured me he was and that he wanted to talk to our pastor but only if I ... 04/06/2008

A few months ago, I wrote an article discussing the possibility of Tiptonville,Tn landing a new steel mill. Tiptonville is located about 18 miles north of Dyersburg,Tn. The Cates Landing site was one of four different locations being considered for this new steel mill. Unfortunately for Tiptonville, their site was not selected. The new steel mill will be built near Blytheville,Arkansas. Blytheville is about 45 miles west of Dyersburg(across the Mississippi River). There are several steel mills and related industries already in operation in that area. Many of the workers there choose to live in Dyersburg or just outside Dyersburg. This new steel mill(owned by Warren Fabricating and machining Corporation) is projected to employ up to 1000 people.More good jobs will be available to our Dye... 03/07/2008

Come on now, this is a great buy! Nice Country Home with open floor plan in Dyer County, Tennessee 38024 - Now $84,900. Seller is also offering a one year home warranty and has had the home inspected by a licensed inspector. I know I have posted this listing already but this is a really good opportunity for a first time homebuyer who would like to live out in the country but having a short drive to either Dyersburg or Newbern, TennesseeLooking for an affordable country home in Dyer County? This is it. The property is conveniently located in the Millsfield community on Meacham Road. The home sits just across from Lock's Grocery (the community's favorite gathering place), but still has the privacy most folks look for. Inside is a very nice open floor plan. The dining is open to the living... 03/06/2008

A few days ago, I did a blog post about two fantastic deals on Dyersburg foreclosures. That post can be reviewed here. In that article I mentioned that one or both would sell fast. The house at 1598 Fort Hudson listed came out last Friday at a price of $129,000. I had done an earlier BPO on that house and that came in at $150,000.The listing agent and I discussed the full price offer that came in on Monday which was accepted. I suspect that an agent told their client what this house was worth and this client listened. The listing agent and I both valued this property at $150,000 but the seller(Freddie Mac) I think priced it to sell and it sold quickly!The other house is still available. That address is 819 Blake cove and it is also priced to sell at $89,900. I predict this one will be g... 03/04/2008

This morning I was reading the local newspaper  and saw that Dyersburg was listed as one of the top cities to retire to. Several other news sources picked up this information and reported it. Among them were Fox Business News,Forbes.com and the senior Web Site Grand Times.This story was based on information derived from The Council for Community and Economic Research. They did a study across the country and selected Dyersburg as one of (6) best cities in the southeast to retire to if on a fixed income. I have been writing about the affordablity of homes and property here in the Dyersburg area. In addition to that however, the study revealed the cost of living is lower here than in other areas.Here is the article written by Kathryn Tuggle at Fox Business News.A couple of years ago, I wro... 02/27/2008

It seems that here lately the number of calls coming into my office for rental properties has skyrocketed! Normally we get anywhere from 6-8 rental calls a day. For the last few weeks the calls have at least tripled.What gives? Also, the number of walk-ins for rentals has really increased. There has been three (now 4) in my office today looking for rentals. Normally we might get 1 a week.One thing that disturbed me this morning was a guy came in looking for an apartment and told me one of my agents has his house listed. I told him to just stay there until his house sold and he told me he is moving out and letting the bank have it back. I guess a lot of this is happening right now but I told him to remain there and try to work it out with the mortgage company and he said no, "I'm walking... 02/22/2008

HELLO ALL I AM DON VADEN I JUST JOINED ACTIVE RAIN, AND I AM LOOKING FORWARD TO COMMUNICATING WITH OTHERS IN THIS PROFESSION.I am a home inspector in west tennessee, I cover the entire West Tenn area including  Memphis.    we are experienced .  our home inspection company is the only home inspection endorsed by LOWES  HOME IMPROVEMENTS  WE OFFER A 10 %  coupon with every home inspection THIS MY FIRST POST, HOW DID I DO?  02/18/2008

 Nice Country Home with open floor plan in Dyer County, Tennessee 38024 - Now $84,900. Seller is also offering a one year home warranty and has had the home inspected by a licensed inspector.Looking for an affordable country home in Dyer County? This is it. The property is conveniently located in the Millsfield community on Meacham Road. The home sits just across from Lock's Grocery (the community's favorite gathering place), but still has the privacy most folks look for. Inside is a very nice open floor plan. The dining is open to the living room. The dining area also has a woodstove so you can save on those heating bills this winter! And there are 3 good size bedrooms. This home has a new roof (2 yrs.) and a new central gas heat and air unit (just a few months old). The laundry room i... 02/16/2008

  Welcome to the relaxed living at LAKEWOOD COMMUNITY. This is a beautiful residential area. It is one of, if not the most, desirable place to live NW Tennessee. Residents include - Professionals, business owners, teachers, and retirees.  The native trees are so tall they seamlessly reach out to touch the sky. The temperature at Lakewood is always a few degrees cooler than the city because of it's rolling hills and natural shade. All the roads in Lakewood are private roads and most end in a private cul-de-sac.  You can walk to the waterfront from almost all the properties at Lakewood. Lakewood is a community of active friendly people who love to walk, boat and fish.  You won't be disappointed if you're looking for a place to raise your family with the security of the country feeling and... 02/15/2008

In my last post I pulled some data from my MLS concerning the Dyersburg real estate market and did a market report for the period from Jan 1, 2008-Feb 12, 2008. One of the last things I reported was on the "solds" sales price to list price ratio.In that report, I pulled out the "solds" that were foreclosures and just looked at the "normal solds". I was very surprised at the results. We had a couple of the properties sell at list price and a couple sell way under list price so those balance each other out. However, the average sales price to list price ratio(for entire group) came out to 93.5%.In my opinion that is indeed pretty good. A few days ago, I wrote another post about my activities one Saturday. At the end of the post I mentioned showing two Dyersburg Tn area homes to this famil... 02/12/2008

Every 4-6 weeks, I pull data from the Dyersburg/Dyer County Board of Realtors MLS system and bring you my breakdown of activity for the Dyersburg real estate market area.•1.)    From January 1-February 12th, 2008 there were 31 single family homes that sold within our MLS! For the same period last year there were 44.•2.)    Of the "solds" for this period, 12 of these were foreclosures.•3.)    The days on market average for all 31 "solds"  is 121 days verses 89 days on market last year for the same period. •4.)    For the price range of $90,000 and up there were 16 single family homes that sold with 3 of these being foreclosures.•5.)    The average sales price for this period is $100,392 verses $93,070 for the same period last year.•6.)    Of the remaining 13 homes $90,000 and up that sol... 02/12/2008

Boy it sure has been a great Saturday! I got up this morning and reviewed a few blog posts here on activerain. Then my family and I went to the park to walk and enjoy the sunshine. We grabbed a bite at McD's and then decided to go out to a friend's house and fish off the dock(Lakewood Community-I will do a post in a few days about this area).My girls got the shovel out and dug for worms while I loaded up the fishing poles and tackle. When we got there, our friends were already fishing so we joined in. We did not catch very many but I was with my family and friends. We finally said our good byes and I took my family home and I went to meet my clients.We only looked at two homes, one at "The Farms" priced at $199,000 and the other at "Heathridge" priced at $187,000. Both of these properti... 02/09/2008

Dear Dyersburg Homeowner:The purpose of my letter is to inform you that right now is an excellent time to sell your home and buy another. I know the national media is saying that real estate is bad everywhere and nothing is selling. Actually, the demand for homes in our area is exactly the opposite. If you live in a good area and only ask appraised value, there is a good chance of getting your home sold within a few short weeks or months.  Actually the available inventory for homes in the best selling subdivisions of Dyersburg is shrinking. I  wrote an article on-line mentioning just a couple of these "hot areas" . These are not the only hot areas. I will be writing later about several more great neighborhoods.My agents and I are really busy helping clients relocate into the Dyersburg a... 02/02/2008

I just got off the phone with a client in Maryland who is considering a move to our area. She currently owns 3 rental homes here(that I sold her over the last 2 years). When she started buying here her plans were to move here.Jackie called today to tell me she has almost decided to move to Jackson,Tn instead. I asked her the reasoning for this and she made the statement that there is more happening in Jackson. She likes a little larger town than Dyersburg.I asked her if she knew that I69 has selected to go right through the Dyersburg Tn area? I also asked her if she knew that we have landed a new river port very close to Dyersburg that is projected to really impact our area!I asked her if she has been seeing all the new restaurants coming into the area? I asked her if she has been seein... 01/31/2008

Dyersburg TN,38024The real estate market in Dyersburg is improving according to the latest numbers provided by the Dyersburg MLS. These numbers reflect the data for the city of Dyersburg only. In January of this year (08) there were 11 new sales verses new listings of 21 for a percentage sold of 52.38%.For the same period last year there were 15 new sales with new listings of 36 for a percentage sold of 41.67%. That reflects an improvement in sales with a decline in new listings(signs of improving market)Other improvements noted in our MLS data is(days on market). In January 2007 the DOM was 136 and for the same period in 2008 was 134.Still another improvement is the sales price/list price ratio. For  January 2007 that ratio was 95.66% and in same period 2008 it is 96.17%. Here are some... 01/29/2008