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Market Trends
Commentary Provided byJoel Lawrence Despite what you hear in the media, it’s easy to qualify! And now is an exceptional time to buy a home in Bartlett. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 901-647-0595 |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Memphis | ||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||
| Average Time on Market | More than 120 days | ||
| Market Trend | No Change | ||
| Housing Inventory | Good supply - Some Prices | ||
| Average Home Price | $200,000 - View Graph Trend | ||
| Best Selling Price Range | $150,000 - $199,000 | ||
| Worst Selling Price Range | $300,000 - $349,000 | ||
| Compared to Last Year | Down 5-10% | ||
| Prices As % of Asking Price | 95-100% | ||
| Multiple Offers? | No | ||
| Greatest Activity | First Time Buyers | ||
| Buyer Activity for the past 90 days in Bartlett is | Increasing | ||
| Seller Activity for the past 90 days in Bartlett is | Increasing | ||
| Is Financing Available For Qualified Buyers in Bartlett? | Yes | ||
| Existing Home Prices for the past 90 days are | Decreasing | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||
| Housing Hot Spots | Most cities within the Shelby County area are considered 'Housing Hotspots' | ||
| Reason to Buy/Sell | Good economic news | ||
| Average Sold Price | $200,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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CONNECT WITH A LOCAL PROFESSIONAL
Joel Lawrence
Keller Williams Realty Memphis, Tennessee 901-647-0595 soldwithjoel@yahoo.com Agent Home Page
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Bartlett Local News
News for Bartlett, TN - Friday October 9th, 2009 11:41am
Giving In Bartlett, TN.
This article is from Jason Sykes of The Bartlett Express
Thursday, October 8, 2009 11:16 AM CDT
Bartlett Bolton Giving Together Program begins Oct 9
From Jason Sykes
For the seventh year in a row students and supporters of Bartlett and Bolton high schools are rolling up their sleeves to increase local blood donations. Through a combination of individual donors at donor centers and blood drives at both high schools, the "Giving Together" program will help hundreds of area patients and will also benefits the schools' math and science departments, thanks to the continued support of Pfizer Inc.
The award is based on total donations combined, but the contribution is for each school:
Lifeblood donors Contribution from Pfizer
200 or more $3,000
150 to 199 $2,500
100- 149 $2,000
Less than 100 $1,000
"The students at Bartlett and Bolton high schools are fundamental in addressing one of Lifeblood's highest needs, that being the introduction of young donors into the blood donation program," said Larry Hilbun, chairman of the Bartlett Area Lifeblood Donor Council. "In 2008, these young people and their supporters donated almost 200 units of blood and helped over 800 people. They have provided a great example for adult donors in our community to follow."
Individuals in the community can participate in the drive by donating blood at any of Lifeblood's 9 neighborhood donor centers between Friday, October 9 and Tuesday, October 20. Those donating should let the Lifeblood staff know which school they would like to support. For center locations, please visit www.lifeblood.org or call 901.529.6320.
Who can donate blood? Individuals who are in generally good health, at least sixteen years old (with a parental consent) and weigh at least 110 lbs. may donate blood. For more information about saving lives in our community, please call Lifeblood at 901.529.6320.
About Lifeblood
Lifeblood is the Memphis region's only non-profit volunteer blood center, dedicated to meeting the needs of patients, healthcare facilities, medical professionals and the community at-large by building exceptional relationships between volunteer donors and Lifeblood's caring employees. Every year Lifeblood supplies more than 100,000 units of blood and blood products for local patient transfusion. Lifeblood is a member of America's Blood Centers, an alliance of community-based, non-profit blood centers. Through its neighborhood donor centers and full schedule of mobile blood drives, Lifeblood makes it easy and convenient to donate blood throughout the year. For more information or to schedule an appointment, visit www.lifeblood.org or call 1-888-lifeblood.
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Mortgage Rates Fall Again 4.87%
Now is the time to invest in a home in Bartlett, TN!!
News for Bartlett, TN - Tuesday October 6th, 2009 9:47am
Thursday, October 1, 2009 1:49 PM CDT
Bartlett Night Out 2009
From The City of Bartlett
This year, residents of Bartlett have another opportunity to "Give Neighborhood Crime and Drugs a Going Away Party".
Just as we did last year, the City of Bartlett recognized National Night Out on Tuesday, August 4, 2009 with porch light vigils or neighbor meet-and-greets throughout the community. Crime prevention and neighborhood watch are year-long activities. We celebrate that one night to recognize this and to re-energize our neighborhoods.
Now it it is time to celebrate Bartlett Night Out on Tuesday, October 6, 2009. Since October is Crime Prevention Month, we are asking neighborhoods to organize events such as block parties, carnivals, flashlight walks, youth programs, and visits from local police and fire departments. Bartlett Night Out is an opportunity for our citizens to send a message about neighborhood unity, awareness, safety, and police-community partnerships.
Don't forget - even though we have already observed National Night Out 2009 on August 4, and we'll hold our Bartlett Night Out 2009 celebrations on October 6. Mark your calendars and start making plans now, so we can have the best year ever!
If you have any questions, please contact Lt. Rory Mack of the Bartlett Police Department at 385-5510 or e-mail: rmack@bartlettpolice.org. NEIGHBORHOOD WATCH WORKS!
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Bartlett, Tennessee is a wonderful city to live in. The event above is a very clear example of that. Buy a home in Bartlett, and you will have invested in more than just in real estate.
- Joel Lawrence
News for Bartlett, TN - Monday October 5th, 2009 12:44pm
Thursday, October 1, 2009 12:02 PM CDT
Come and enjoy the 48th annual Greekfest
By Dawn Boone - The Bartlett Express
Enjoy the experience of being Greek for a day. No other culture embodies the spirit of enjoying life to the fullest as the Greek culture does. That is why once a year St. George Greek Orthodox Church holds Greekfest. It is the unique way of sharing their religion unique culture and history with fellow Bartlettonians, Memphians and friends from around the world. Walk through St. George and study beautiful icons and symbols of faith that embodies 2,000 years of Christianity and spirituality. Through wars and subjugation the Greeks have tenaciously held on to their faith allowing them to survive and discover the true meaning of what it means to be Greek.
The Greek celebration wouldn't be complete without classic sound of the bouzouki and vioi. Enjoy the music. It's beautiful and lyrical songs turn into one as energetic dancing begins. This year sounds of Lazarus will be featured. The Athenian dance troupe will also perform at 1 and 3 p.m. St. George ladies auxiliary and other members and friends at the church have prepared a plethora of delectable foods.
St. George is located at 6984 Highway 70 in Bartlett. The Greekfest is Oct. 3 from 11 a.m. til 7 p.m. Admission is free and there is on site parking at no charge. Meal tickets purchased at the door are Adults: $13 Children: 10 & under $7. Carry out and drive through will be available.
THE MENU:
Features a Greek Feast served for lunch and dinner, which includes Souvlaki (Marinated and charcoal broiled authentic Greek Style shish kebab) and Kota Riganato (Grecian-style baked chicken with Greek Seasonings) along with Spanakopeta (spinach pie), rice pilaf, Tossed Greek Salad, homemade Greek bread, and Greek Dessert
Greek Pastry Shop
Individually priced pastries include:
Baklava (layers and layers of honey syrup, nuts and phyllo pastry)
Galatoboureko (custard-filled phyllo pastry)
Rossettes: (fried, honey-dipped pastry with nuts)
Kataifi (shredded filo, wrapped around nuts and honey filling)
Spanikopitakia (Spinach Puffs)
Tiropitakia (Feta Cheese Puffs)
Outside Stands:
Enjoy individually priced Gyro Sandwiches (Meat stuff in pita bread with yogurt sauce); Both Lamb and Chicken Gyros are available
Souvlakia - Shish Kebabs and beverages.
THE PAVILLION:
Inside this gigantic pavilion, you can dine while you enjoy the entertainment stage featuring live Greek music and dance. A live Greek Band will be performing throughout the festival as well as The Athenian Dance Troupe (a group of young children) will perform at 1:00 & 3:00 pm in authentic Greek Costumes and will win your hearts with their energy and talent.
Drive Thru
Dinners, pre-packed pastries and breads are available at a convenient, drive-thru throughout the festival.
Schedule of Events
Sanctuary tours: A chance to see the beautiful icons and learn the rich history of the 2000-year-old Greek Orthodox faith. Father Antonio Kotis will be there to share his love of the Orthodox faith.
Live Greek Music: Daily 11 a.m. - 7 p.m. Dance along to an authentic Greek band Lazarus, featuring the bouzouki.
Athenian Dance Troupe Performances: 1 and 3 p.m.. dressed in authentic Greek costumes, young people perform traditional folk dances.
How Do You Say It? - It's Greek to Me
Here are some of the unbelievably delicious, homemade Greek specialties available at the GREEKFEST 2009 and their pronunciations:
Spanakopeta (span-ah-koh-pee-tah): Wonderfully seasoned spinach baked between many layers of buttery, paper-thin pastry for a mouth-watering spinach pie
Tiropeta (tee-row-pee-ta): Layers of paper-thin pastry encase a scrumptious cheese mixture that is then baked until golden and ready to melt in your mouth.
Baklava (bach-la-va): The classic Greek pastry with layers upon layers of phyllo pastry drenched in honey syrup and dotted with nuts. It's a piece of heaven.
Kataifi (kah-tah-ee-fee): A yummy wheat version of baklava. Made with shredded wheat filo, nuts and honey, it's oh so good!
Rossettes (rose-et-tes): Fried, honey-dipped pastry topped with chopped nuts.
Galaktobouriko: (galak-toe-bou-riko): Delicious custard filled pastry, topped with layers of filo and honey. Mouth-watering delicious!
News for Bartlett, TN - Friday October 2nd, 2009 6:36pm
In this except from Luke Mullins, USNews.com
Oct 1st, 2009
As the historic housing crash continues to hammer real estate prices from coast to coast, many homeowners probably can't remember the last time their property's value actually increased. But even with home prices still falling at the national level, a number of hard-hit housing markets are gearing up for a rebound.
To pinpoint the cities most likely to go from slump to bump, we turned to Moody's Economy.com. Using S&P/Case-Shiller home price data, Moody's identified a handful of cities that took it on the chin during the crash-with property values dropping by more than 25 percent from peak to projected trough--but are expected to see strong home price appreciation in the relatively near future.
Celia Chen, the senior director of housing economics at Moody's Economy.com, says home prices in many of these slump-to-bump cities became overvalued during the first half of the decade but have since fallen, or are in the process of falling, to extremely affordable levels. "That will encourage buyers back into the market and lift prices up," she says. Here is a look at 10 hard-hit housing markets that are ready for a rebound:
4. Memphis: Home prices in Memphis fell 23 percent from their peaks through the first quarter of 2009. John Moore, the president and chief executive of the Greater Memphis Chamber, says that the area's exposure to subprime loans--although limited to several specific areas--played a key role in this decline. More recently, however, foreclosures linked to subprime mortgages have dropped, and investors have scooped up distressed properties at steep discounts, he says. In addition to its pleasant quality of life, Memphis's position as an important transportation hub will keep its economy humming and housing demand strong, Moore says. "We have the largest cargo airport in the world," he says. "We are the third-largest trucking corridor, fourth-largest inland port, and on top of that we are one of only three cities in the [United States] that is served by the five class-one railroads." In addition, Moore says that Memphis's low cost of living and strong healthcare system have made it a popular destination for retirees. Moody's Economy.com projects that home prices in Memphis will rise about 9 percent by the first quarter of 2012 and 24 percent by the first quarter of 2014.


