Dyersburg Tn 38024
As promised here are the sales numbers primarily for the Dyersburg real estate market. Last year I reported that total real estate sales increased about 1.7% over 2005.
For 2007, the residential sales in Dyersburg(only) volume dropped 4%. However in the outlying cities and towns that we service also, volume dropped by 1. Newbern - 15% 2. Trimble - 89% and all of Dyer County down 24%. Most of this volume drop occurred in the second half of 2007(sub-prime mortgage meltdown).
The average sales price in Dyersburg for 2006 was $108,410 but that increased to $119,747 in 2007.
Although Dyersburg residential sales dropped 4%, commercial sales actually increased by 42% from $2,502,500 to $3,545,000. Multifamily sales increased by 36% from $877,251 to $1,197,176.
After crunching all these numbers, Dyersburg(only) had an increase in total sales of $124,283, from $27,502,033 to $27.626,856. That is an increase of about 1/2 percent.
When you compare a drop of 4% with the national average drop of well over 10%(much higher in coastal areas) you can see that Dyersburg is doing pretty well indeed.
The dynamics are in place for The Dyersburg area to continue growing. With a new riverport under construction, great roadways(including eventual I69 through Dyer County) , a very progressive chamber of commerce, new industries, current factories that are hiring, other new businesses and restaurants, etc. Dyersburg is on an long upward spiral.
