Ootewah Real Estate Market Report for July 2010

By
Real Estate Agent with Select Realty Professionals

Everything you see here is reliable but not guaranteed. I try to liven 'em up but if you aren't truly interested in Ooltewah, you might want to skip the snoozefest. This report covers ZIP code 37363 as reported to the Chattanooga MLS.

Hampton Cove, Ooltewah Real Estate, ChattanoogaOoltewah Real Estate Sales (All prices)

All active listings: 393

Pending or contingent listings (under contract): 57

Residential listings closed (sold) during the past month: 31

Number of months to sell current actives at last month's sales pace: 12.7

 

Under $200,000

Active, residential listings: 140

Pending or contingent listings: 25

Residential listings closed during the last month: 19

Number of months to sell current actives at last month's sales pace: 7.37

$200,000-400,000

Active, residential listings: 190

Pending or contingent listings: 26

Residential listings closed during the last month: 12

Number of months to sell current actives at last month's sales pace: 15.8

Over $400,000

Active, residential listings: 63

Pending or contingent listings: 6

Residential listings closed during the last month: A big 'ol goose egg

Number of months to sell current actives at last month's sales pace: Infinity (and beyond?)

Like the rest of the upper end real estate market around Chattanooga, Ooltewah is still hurting. The fact that, if you can find something for less than $200k, you can sell it pretty quickly is a reflection that people want to live in Ooltewah. But with the biggest part of the buying public these days being first time buyers, that huge house in Hampton Creek or Windstone just isn't attracting buyers very quickly. I think it's going to be a while before we see the upper end market improving. Until it does, Ooltewah is going to keep hurting. Of course, that means that if you are looking to buy in the $350,000 and up range, you'll have lots of choices and perhaps more negotiating room than in days gone by.

Check out Ooltewah homes for sale if you think you might want to live here.

 

Posted by

______________________________________________________

Julia Odom enjoys long walks on the beach, debating the renovation vs. restoration question and hanging out with home inspectors.

Visit Chattanooga Real Estate News to search homes for sale or view the rest of her blog

Contact Julia Odom Chattanooga Homes for Sale Chattanooga real estate market reports Living in Chattanooga Humor in Real Estate

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Tennessee Hamilton County Ooltewah
Groups:
Chattanooga Real Estate
Market Reports
Posts to Localism
Tennessee Highways and Byways
Tags:
ooltewah
market reports

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the tag to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the pants to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the printer to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainer
175,528

Julia Odom

Chattanooga Homes for Sale
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the woman to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information