Halle Plantation, Collierville Update

In May I wrote a blog entry outlining the current market effects on a Collierville TN subdivision named Halle Plantation. I recently received a phone call from a young lady with the Halle Plantation Neighborhood Association asking if I wouldn't mind updating the data on the real estate activity. I would be glad to oblige and have some wonderful data to boot.

At the time I stated that there were 23 active listings with only five solds in the last 90-days or so; but I mentioned that may be mis-leading because there were also 10-pending listings which meant the buyers were out writing contracts. Well, good news! They have continued to write contracts and purchase new homes. The temporary slow down was even more temporary in Collierville and more specifically, Halle Plantation.

Lets take a look at the updated numbers:

Currently 17- Active Listings

Currently  1 - Pending listing

From July 1, 2007 to October 11, 2007 there were 13 - Sold listings. In mid-May there was a 6 - month inventory level; now there is just over a 90 - day inventory level. That is great news for Collierville real estate owners and Halle Plantation home owners.

The active listings range from $295,000 with 3-bedrooms and 2.5 baths to $749,000 home with 5- bedrooms and 4.5 baths and over 5500 square feet. The median home for sale currently is right at $440,000 with 4-bedrooms and 4-baths.

To search for Halle Plantation or other Collierville homes for sale, feel free to use our custom IDX.  If you own a Halle Plantation home and would like a comprehensive market analysis performed on your home to help you determine an accurate value range we would love to help you. 

The Memphis Area Associating of Realtors, Multiple Listing Service was used for the data mentioned. There were no FSBO or "arms length" sales or data used. All information is deemed reliable, but not warranted as of October 12, 2007.

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