While the recent news for the Shelby County real estate market has shown slow and steady growth, a recent report from the Memphis Area Realtors and Chandler Reports shows that the home sales as well as sale prices in Tennessee’s Shelby County have dropped 39 percent in July 2014 compared to July 2013.
The reports show 162 bank sales in Shelby County, down 39 percent from the 264 bank sales in July 2013. Through July, Shelby County recorded 1,373 bank sales, down 28 percent from 1,896 over the same period last year. Shelby County recorded 1,535 home sales in July, down 9 percent from 1,693 sales recorded in July 2013 and down 3 percent from the 1,586 sales recorded in June.
11 of the zip codes in Shelby County had an increase in overall sales numbers, with 20 zip codes experiencing a rise in sale price. Collierville’s 38017 ZIP code lead the way in sales, with 125 averaging $306,277. That was followed by 38118 (Oakhaven/Parkway Village), with 94 sales averaging $49,064, and 38016 (Cordova North), with 91 sales averaging $140,768.
Interested in moving to Memphis? The slow in sales might translate to the perfect time for you to pick your dream home without the hyperactive competitive nature that some other months boast.
According to a new survey, it seems the people living in Memphis are growing tired of a social media based world. While the data isn’t astronomical, it does show a shift in the way that the people of Memphis engage on social media sites. That trend was consistent when the survey asked the same question about visiting social media sites. Fifty percent say they visit a social media site “more than a few times a day.” But that also is a decrease from the previous year’s survey when 60 percent said they visit social media multiple times a day.
Most social media sites saw overall declines in the survey as well. The big winner was Facebook, which saw a 4 percent point increase in participation in the new survey, growing from 90 percent participation in 2013 to 94 percent in 2014. Photo-sharing site Instagram, which is owned by Facebook, was the other winner, growing from 48 percent participation in 2013 to 55 percent in 2014.
Ironically, despite the drop in social media usage, the amount of people claiming addiction to their smart phones was up, and almost half of the survey respondents rated their level of addiction at a 7 on a scale of 1 to 10.
For many years now, All My Sons has been a staple throughout the US, helping families and individuals move local and long distance jobs. But our hearts lie with the whole area, not just the people who hire us to move their valuables. Here in Memphis, we know how important it is to give back to our community. When our company was first started by Robert and Vauna Peterson, we began building a company rooted in charity, responsibility, and care.
Here in Memphis, All My Sons is involved with various charitable endeavors, such as partnering with St. Jude’s Children’s Hospital at Thanksgiving to help raise money for the facility and the countless children they help. We also work with St. Jude’s throughout the year with various fundraising activities.
We hope to continue to give back, and also to expand out charity work in Memphis as we head into the holiday season!
When people come to visit Memphis, it is common for them to find a reason to stay and call Memphis their new home. Memphis has a distinct character all its own that is charming and inviting for the people who live there. Living in Memphis has plenty to offer aside from the typical draws of BBQ, Graceland, Beale Street, and a hot music scene.
What is lovely about Memphis is that it is truly a city filled with neighborhoods. Here are our favorites:
Midtown: Located slightly east of downtown, it offers an urban lifestyle for people looking to live within the action
Colonial-Yorkshire: Subdivisions are the norm in this neighborhood located in East Memphis. In fact, this part of the city also has some of the largest homes in Memphis.
Hickory Hill: This middle class area is southeast of downtown and is a tight knit community.
Berclair: This working class area of town has affordable homes for families, and commonly have two and three bedrooms.
Looking to move to Memphis? These areas might be perfect for you!
According to a new study from Movoto, Memphis is among the top ten exciting places in Tennessee. Memphis ranked in at number eight in the study, which used criteria such as:
Nightlife per capita (bars, clubs, comedy, etc.)
Live music venues per capita
Active life options per capita (parks, outdoor activities, etc.)
Arts and Entertainment per capita (movie theaters, festivals, galleries, theaters, etc.)
Fast Food restaurants per capita (the fewer the better)
Percentage of restaurants that are not fast food (the higher the better)
Percentage of young residents ages 18 to 34 (the higher the better)
Population density (the higher the better)
Memphis is also young. Of the 646,900 residents or so, 26.62 percent of them are between the ages of 18 and 34. Memphis is also the second most densely populated place in the state, with over 2,000 people per square mile. To put that in perspective, that is about double the population of Nashville. Thinking of relocating to Tennessee? Consider moving to Memphis, where you will find plenty of people and plenty of activities to keep you busy.
Looking for a spirits distillery and tasting room to try out some new liquor? Old Dominick will open to the public in fall 2015 in the 54,297-square-foot, 1920s-era warehouse at 301 S. Front St., across the street from Gus’s World Famous Fried Chicken, and it will be a $5 million spirits distillery and public tasting room in Downtown Memphis.
The distillery will do more than just offer a new spin on alcohol for the city, it will also help people living in Memphis searching for employment. Initial hiring estimates call for 20-35 full and part-time employees, the release said. The distillery and tasting room facility is being designed by LRK and built by Archer Custom Builders.
The facility will be used as the production and bottling facility of a portfolio of ultra-premium distilled spirits, according to a release. The distillery will begin operating late next summer. Moving to Memphis and looking for employment in the food & beverage industry? This might be the perfect fit for you!
A new dining option is has come to the South Main area of Downtown Memphis, according to reports in the local business journal. The neighborhood restaurant, known as Café Pontotoc, which is owned by Milton and Cherie Lamb, now serves wine, local beer and small plates at 314 S. Main St. from 4 p.m. to close Tuesday through Saturday, according to The Daily News. The owners will add brunch later this year with no set date at this time.
The South Main area is one that holds a lot of history here in Memphis. After a booming heyday, the area fell into abandonment and was shunned by many. That neglect is what eventually allowed the region’s rebirth. The architecture remains historic as no developers sought to modernize the area, and artists and creative types soon became attracted to the unique vibe of the area. The movie and film community recognized South Main’s gritty time capsule of architecture and began using it as a backdrop for many films. In 1989 the indie film Mystery Train was filmed in South Main, and other movies to follow include: The Firm, Walk the Line, Great Balls of fire, Elizabethtown, Hustle & Flow, and others.
Looking to move to Memphis? South Main is a well-known residential area as well. Today there are more than 2,500 people living in South Main, each of who are drawn to the neighborhood’s charm, walkability and proximity to all of Downtown’s amenities, and unique sense of belonging that many areas nationwide seem to lack. South Main has kept true to its origins by being a neighborhood built on the backs of local entrepreneurs and is the home of Emerge Memphis, Memphis’ start-up incubator for businesses.
Elvis fans are coming out in droves to celebrate the 60th anniversary of the King’s first record. Memphis area hotel occupancy, a key barometer of tourism, was up 12 percent this year through April 30, outstripping a 3.3 percent increase nationally. Memphis hotel occupancy was up 11 percent through May, and June has been good, said Kevin Kane, president of the Memphis Convention & Visitors Bureau. The Texas-based National Baptist Convention of America had 4,500 people at its Family Faith Fest 2014 at the Memphis Cook Convention Center last week.
Living in Memphis during the summer can mean lots of tourists that come in to visit. A majority of advertising was recently spent in cities within easy reach by car or a short flight, such as Louisville, Nashville, Birmingham and Atlanta, and tourism from those areas is frequent and common. Graceland averages between 500,000 and 600,000 visitors annually. July is typically the busiest month of the year with Elvis Week allowing Memphis and Graceland to finish the summer months on a high note in August. Now, year round fans come to pay homage to Elvis, Johnny Cash, Jerry Lee Lewis, and Carl Perkins at Sun Studio where they all once recorded albums.
While this probably might not come as a surprise to local Tennessee foodies, a recent survey from Travel + Leisure posted on CNN shared that Tennessee is at the top of the barbecue food chain in the U.S. The survey ranked Memphis barbecue No. 2 behind Nashville on a list of the top 10 best barbecue cities, giving a shout out to Central BBQ and the Bar-B-Q Shop as local favorites. Living in Memphis means access to delicious barbecue, such as ribs and pork sandwiches, which are the staples of Memphis-style barbecue: dry-rubbed and smoked over hickory, and often mopped with sauce while cooking.
To eat with the savviest locals, head to one of the branches of Central BBQ, which does a classic pork sandwich, pulled-pork nachos, and even a four-ounce barbecued bologna sandwich (the newest is downtown, next to the National Civil Rights Museum). Another favorite – especially with local chefs – is the Bar-B-Q Shop (“home of the Dancing Pigs BBQ sauce”), which claims to be the birthplace of another Memphis staple, sauce-coated barbecue spaghetti.
The To 10 Cities are as follows:
Every other day, seems like a new developer is looking to build apartments or retail in the South Main community of Downtown Memphis. Several new projects are under development in the neighborhood to keep up with the demand in the area, such as The Horizon, which is one of the biggest projects coming to the area. The Horizon is a 16 story condo tower that is currently up for sale, and another development firm is planning 90 high end units that will be located near the South Main Farmer’s Market and across from the Florida Street South Junction complex, which contains 197 residential units and is also new, with earlier move-in dates that were planned for May.
The new complex doesn’t have a name yet, although “South End” is being considered, according to insiders. The design, the mix of bedroom sizes and the rent spread have all yet to be determined, meaning that another undetermined factor is the project cost.
The South Main Arts District in Memphis, Tennessee makes up the southern portion of Downtown Memphis. It is located along South Main Street. On the last Friday of each month, an event called “Art Trolley Tour” is put on by the owners of the South Main Memphis businesses and art galleries. From 6-9 p.m., this includes free MATA trolley service up and down Main Street, open art galleries, and longer hours for most area shops and restaurants. As the area continues to grow, the South Main part of Memphis will be increasingly desirable for work, play, and living. Moving to Memphis? This neighborhood might be just what you are looking for!