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Jackson TN Real Estate Blog

The Peggy Graves Team

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Displaying blog entries 161-162 of 162

Home Sales 2015 vs. 2014

by The Peggy Graves Team
Home Sales for Jackson Madison County
 
2015 vs. 2014
We like to keep our clients up to date on the latest data. We have researched home sales for the last 2 years and this is what we found.
 
From January 1, 2015 - December 31, 2015, 1,058 homes sold in the Jackson Madison county area with an average of 98 days on market.  The average list price was $143,537 and the average sold price was $138,717.  In North Jackson 693 homes sold during this period with an average list price of $172,223 and average sold price of $167,211.
 
From January 1, 2014 - December 31, 2014, 971 homes sold in the Jackson Madison county area with an average of 107 days on market. The average list price was $142,127 and the average sold price was $136,319. In North Jackson 640 homes sold during this period with an average list price of $170,761 and an average sold price of $164,821.
 
To find out what homes in your area are currently selling for, please contact The Peggy Graves Team at
Coldwell Banker Real Estate Now. Email: peggygravesteam@gmail.com | Phone: 731-664-2342.

 

Should I Buy a Home Now?

by The Peggy Graves Team

I'm often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall down the road, while others are convinced that home prices will go up.

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have fluctuated, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, a one point rise in interest rates could cost tens of thousands of dollars over the life of your mortgage!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates while they are still available.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.

Displaying blog entries 161-162 of 162

Contact Information

Photo of The Peggy Graves Team Real Estate
The Peggy Graves Team
COLDWELL BANKER REAL ESTATE NOW
327 North Pkwy.
Jackson TN 38305
Cell: 731-225-6920
Main Office: 731.668.1777

Lic. No. 00220561