The View 38002 12-2019_December The View 38002 | Page 5

theview December 2019 December Real Estate Update By Jim Jones, Special to THE VIEW 38002 .com Page 5 A Moment With the Mayor By Shelby Sensat Home Sales The Mem- phis area as well as across Shelby County continue to see rising home sale prices with average prices up 7% from average home sale prices in October 2018. There were 1,644 home sales recorded in October, a 9% drop in units sold from 1,796 sales recorded last Octo- ber. Home sales valued over $300,000 were up 19% in October with 285 sales recorded compared to 240 last year. Home sales over $1M were up 60% from last year with 8 recorded for the month compared to 5 in October 2018. Through the first 10 months of 2019, the number of home sales recorded is down 1% with 15,887 sales record compared to 16,093 sales recorded in the first 10 months of 2018. Aver- age home sales prices are up 4% and total home sales are up 3% from the same period of 2018. Commercial Sales Through the first 9 months of 2019 the num- ber of commercial units sold has remained rela- tively steady with sales down only 1%. Average prices are up 4% from the same period of 2018. Residential Foreclo- sure Analysis Foreclosure activity remained steady with 93 recorded for the month and 93 recorded in Octo- ber 2018 as well. There were 201 fore- closure notices published in October, up 3% from 195 in October last year. New Housing & Builder Activity New home sales dropped 28% in October with 57 recorded for the month compared to 79 last year. Despite the drop in sales, average new home sales prices jumped 16% to $421,692 compared to $362,247 in October 2018. Lakeland/Arlington area claimed the most new home permits with 19 recorded averaging $393,15,182. Mortgage Trends & Lending Analysis Residential mortgages filed at the time of sale were down 10% in Octo- ber with 967 loans rec- orded for the month compared to 1,070 rec- orded in October 2018. Lakeland/Arlington had the most residential loans recorded at the time of sale with 79 mortgages averaging $269,683. Fayette & Tipton County Market Trends Fayette County home sales were down 2% in October with 89 home sales recorded for the month and 91 recorded in October 2018. Aver- age home sales prices jumped 17% from last year to $307,565. Oak- land (38060) recorded the most home sales for the month with 49 total averaging $241,650. Tipton County home sales were down 19% from last year with 87 recorded for the month compared to 107 record- ed in October 2018. Av- erage home sales prices dropped to $177,935. Atoka (38004) recorded the most home sales for the month with 31 total aver- aging $239,621. This article is derived from the Pulse offered by Chandler Reports After another election season you, the people, have chosen! The town of Arlington has re-elected Mayor Mike Wissman for his third term as Arlington’s mayor. Mayor Wissman says he feels “…very happy and honored to be chosen to lead our great town for another four years,” and goes on to mention how, “Elections are never easy, and it’s hard to find people willing to put themselves out there for politics, so I tip my hat to all the candidates.” After two terms, Mayor Wissman has had more than ample amount of time to dig deep into the needs of the town of Arlington. “I feel we are on a good path, so I don’t think there is much need for change,” Wissman says, “I will say there is always room for improvement.” One of the things that Mayor Wissman is amazingly passionate about is Arlington’s park system. “I’m always looking for park opportunities!” Mayor Wissman points out that “we have the youngest community in the state” and with that “…we have to make sure we have adequate facilities to offer opportunities for our families to be active in our community, and not have to go elsewhere.” Mayor Wissman also notes that this highlights the fact that “…our parks are needs, not wants like some will say.” Mayor Wissman is also very thrilled about the Arlington Community Schools system, as one should be after having a hand in creating it. “I’m extremely proud of Arlington Community Schools. I think we all had expectations, but I honestly don’t think we felt the high levels of success would come this soon.” Wissman goes on to state how he feels Superintendent Mason and the school board “… have us on the right path…” and how “… our staff and our teachers are what put us on top educational rankings in the state.” Moving forward Mayor Wissman says that “the town has to continue to support our system on every level.” Mayor Wissman says he also sees the possibility of needing more land for a new elementary school in the upcoming years. “The need is not immediate, but proper planning and placement will be key as we grow.” When looking back over his past terms, Mayor Wissman reflects on all the growth he has witnessed in the town of Arlington. “Some of the changes or improvements we’ve made have been through many of the departments. We are more proactive now. Our Sewer, Parks, and Public Works departments now have the tools and resources to do preventative maintenance.” Arlington can expect and look forward to many big things to come, such as Arlington’s second fire station. “We will continue to focus on schools, parks, infrastructure, and public safety… the rest will happen naturally if the town is doing a good job for our residents… I really feel this is what makes Arlington so special because we don’t have to do what others are doing… We Are Arlington!” Those that Sell Local, Advertise Local Advertising in The View 38002 makes good business sense. To learn more about increasing your business by adding print media to your marketing, contact Amber Griffith, Advertising Director, at [email protected] or 901-402-1234