October 2018 Residential Housing Market report for the Greater Chattanooga and N. GA areas. 

If the last few months are an indication of the temperature of housing markets

across the country, a period of relative calm can be expected during the last

three months of the year. A trend of market balance is emerging as we

approach the end of 2018. Prices are still rising in most areas, and the number

of homes for sale is still low, but there is a general shrinking of year-over-year

percentage change gaps in sales, inventory and prices.

New Listings in the Chattanooga region increased 15.5 percent to 1,171.

Pending Sales were down 1.9 percent to 829. Inventory levels shrank 5.9

percent to 2,963 units.

Prices continued to gain traction. The Median Sales Price increased 4.2 percent

to $184,000. Days on Market was down 12.7 percent to 48 days. Sellers were

encouraged as Months Supply of Inventory was down 7.9 percent to 3.5

months.

Stock markets experienced an October setback, but that does not necessarily

translate to a decline in the real estate market. The national unemployment rate

has been below 4.0 percent for three straight months and during five of the last

six months. This is exceptional news for industries related to real estate.

Meanwhile, homebuilder confidence remains positive, homeownership rates

have increased in the key under-35 buyer group and prices, though still rising,

have widely reduced the march toward record highs.

 If you or someone you know is in themarket to buy or sell a home, then call The Paula McDaniel Group today! 
ThePaula McDaniel Group 423-667-2997
www.AllChattanooga.com
Real Estate Partners Chattanooga LLC. 423-362-8333. 
Equal Housing Opportunity. Licensed in TN and GA.
All data from Greater Chattanooga REALTORS®. Report © 2018 ShowingTime

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2018 Buyer Incentives At The Farm! 2018 Buyer Incentives At The Farm!  Go under contract by 12/31/2018 and get on of the following: 1. Upgraded Hardwood floors to a 7.5" wide plank designer floor. 2. Custom design your island cabinets and upgrade your counter tops. 3. Add an accent ship lap wall to any room of your choice. 4. Upgrade the master bedroom ceiling with ship lap, coffered ceiling, or tongue and groove. 5. Upgrade to a free standing bath tub. 6. Free refrigerator that matches the other kitchen appliances. 7. Upgrade the fireplace. 8. If plan allows, add built-ins around fireplace. Offer good on all existing homes and presales. Model Home - Lot 11 - MLS Report Lot 102 - MLS Report Open every Saturday 10-4pm and Sunday 1-5pm. This new development in Soddy Daisy features craftsman style homes built by Nu-Era Construction. Existing homes start at $339,000, and many of the lots offer mountain views. Located near the lake, marinas, & Hwy 27.

It was a honor to #Volunteer to help build the gym at the Normal Park Lower School in North Chattanooga.
This brings us so much joy knowing that so many students will be able to use it today and in the future. 
We love to #giveback to our local communities and we are very grateful to be a part of this.

www.807DryBranchCt.com
Black Creek Mountain golfing community. Immaculate 3BR home with a full basement,
open floorplan, master suite w/sitting area, deck, patio, screened porch,
community pool and other amenities, and more! MLS#1285282. $689,900.

www.1814OakCoveDr.com
Soddy Daisy - Oak Cove Shores. Lakefront home with boat dock, 4 BR,
full finished BSMT, great room, 2-story keeping room, rec room with pool table,
2 sided fireplace, & kitchenette. MLS#1280128. $525,000. 

www.2114RiverWatchDr.com
River Watch – Soddy Daisy. $429,900. Scenic water and mountain views from this 3 bedroom home with an open layout, bonus room, covered front porch and covered deck, and community pool. Under construction and will be similar to picture shown. MLS#1286249. The Paula McDaniel Group Cell: 423-667-2997.​ Real Estate Partners Chattanooga LLC. ​423-362-8333. ​Equal Housing Opportunity. Licensed in TN and GA.

www.2110RiverWatchDr.com
River Watch – Soddy Daisy. $429,900. Scenic water and mountain views from this 4 bedroom home with an open layout, bonus room, covered front porch and covered deck, and community pool. Under construction and will be similar to picture shown. MLS#1286247. The Paula McDaniel Group Cell: 423-667-2997.​ Real Estate Partners Chattanooga LLC. ​423-362-8333. ​Equal Housing Opportunity. Licensed in TN and GA.

www.2106RiverWatchDrive.com
River Watch – Soddy Daisy. $419,900. Scenic water and mountain views from this 3 bedroom home with an open layout, bonus room, covered front porch and covered deck, and community pool. Under construction and will be similar to picture shown. MLS#1286246. The Paula McDaniel Group Cell: 423-667-2997.​ Real Estate Partners Chattanooga LLC. ​423-362-8333. ​Equal Housing Opportunity. Licensed in TN and GA.

www.3066SkippingStone.com
Apison – Crystal Brook. 4 BR, full BSMT, great room, keeping room, rec room,
bonus room, community sidewalks, walking trails to Apison Elementary, and a
community pavilion. MLS#1285851. $409,900. 

www.7520RoyalHarbourCr.com
Ooltewah - 3 BR home w/views of the lake! Split BR design, full finished BSMT, den, living room, screened porch, decks, community pool and lake access. "48 HR First Right of Refusal". MLS#1285777. $360,000.

www.7626DaybreakCr.com
Ooltewah, TN. Hampton Creek gated golfing community w/clubhouse, pool, tennis & more.
4BR, open floorplan, freshly painted formal dining room, main-level master, bonus room, & covered patio.
MLS#1286124. $350,000.

www.TheFarmAtCliftMill.com - Lot 11/876 Equestrian Drive.
Open House Every Saturday From 10-4 And Sunday From 1-5. The Farm is a new development in Soddy Daisy with craftsman style homes built by Nu-Era Construction. This 4 bedroom, 3 bath home has an open floorplan, great room with a gas log fireplace, den, main-level master suite, bonus room, low E windows, attached 2-car garage, covered porch, covered deck, and more! MLS# 1279952. $349,900. 

www.TheFarmAtCliftMill.com - Lot 102/969 Equestrian Drive.  
Open House Every Saturday From 10-4 And Sunday From 1-5. The Farm is a new development in Soddy Daisy with craftsman style homes built by Nu-Era Construction. This 4 bedroom, 2.5 bath home has an open floorplan, living room with a gas log fireplace, main-level master suite, bonus room, low E windows, attached 2-car garage, covered porch, covered deck, and more! MLS# 1279957. $339,000. 

www.9600ThornberryDr.com
Welcome home to the desirable Thornberry Hill subdivision in #Ooltewah. This 3/4 brick home offers great curb appeal, 4 bedrooms, 3.5 baths, 2 full kitchens, full basement, private backyard, utility garage, #KoiPond, and much more! MLS#1288064. $325,000.  The Paula McDaniel Group Cell: 423-667-2997.​ Real Estate Partners Chattanooga LLC. ​423-362-8333. ​Equal Housing Opportunity. Licensed in TN and GA.

 Congratulations To Mrs. Bass At Battlefield Primary! She Won The Paula McDaniel Group's School Supplies Giveaway Contest 

Check out this weekend's #NoogaHappenings For August 3-5, 2018.



School Supply Giveaway Contest! Vote for your favorite Teacher and The Paula McDaniel Group is going to donate school supplies to the Teacher that receives the most votes. Votes must be posted by August 5, 2018. To vote for your favorite Teacher, post on Facebook or Twitter the Teacher’s name and school that he or she teaches at along with the following hashtag #B2SWithPMGroup
Thank you in advance for voting!

Friday, August 3, 2018

World’s Longest Yardsale Today Through Sunday On Hwy 127
it’s 690 miles long and the route travels through 6 states; Michigan, Ohio, Kentucky, Tennessee, Georgia, and Alabama. The majority of the route follows Highway 127 from Addison, MI in the north to Chattanooga, TN in the south. From Lookout Mountain, GA to Gadsden, AL the route switches to Lookout Mountain Parkway.
http://www.127yardsale.com/


Cambridge Square Night Market - 6-9pm.
A variety of live music performs in the square, and there are plenty of local restaurants to dine before strolling the artisan market in search of handmade arts & crafts. Admission and parking are free.
https://www.facebook.com/events/204358206985757/

Saturday August 4, 2018:

Open House From 10-5pm and on Sunday from 1-5pm.
www.TheFarmAtCliftMill.com

New subdivision in Soddy Daisy with craftsman style homes built by Nu-Era Construction. Pick your lot and start building your semi or full custom home today! There are homes are currently under construction and start at $339,000. Stop by and let’s start building your new home today!

Jayhawk Music & Arts Festival 10-8pm.
Pigeon Mountain Grill in Chickamauga, GA.
A music and art festival benefitting the Children's Advocacy Center of the Lookout Mountain Judicial Circuit www.caclmjc.com
https://www.facebook.com/events/766244143554265

Summer in West Village  7-10pm.
There will be a variety of food trucks, live music by local performers, entertainment for the kids, laser light shows, cocktails, beer and more. https://www.westvillagechattanooga.com/

Sunday August 5, 2018:

National Farmers Market Week 11-4pm.
Chattanooga Market 
celebrating over 500 farmers, food artisans, crafters and artists who join us throughout the season for our weekly public markets. 
http://chattanoogamarket.com

If you or someone you know is in the market to buy or sell a home, then call The Paula McDaniel Group today! 
The Paula McDaniel Group 423-667-2997 www.AllChattanooga.com [email protected]
Real Estate Partners Chattanooga LLC. 423-362-8333
Equal Housing Opportunity. Licensed in TN and GA.

Ocoee River Jam Today through Sunday.
http://ocoeeriverjam.com

Stage Schedule: 

Friday, July 27, 2018

6:30 p.m. Barefoot Nellie

8:00 p.m. River Funk

10:00 p.m. Strung Like a Horse

Saturday, July 28, 2018

2:30 p.m. Stephen Burris

3:45 p.m. Blue Cumberland

5:00 p.m. Natchez Tracers

6:15 p.m. Magic Birds

7:00 p.m. Lenox Hills

8:30 p.m. Share the Road

10:30 p.m. Jess Goggans – A Janis Joplin Tribute

Sunday, July 29, 2018  

2:30 p.m.  River Hills Church

3:30 p.m. Connor Priest

4:30 p.m. Bad Tattoo

5:45 p.m. Stephen Busie Band

7:30 p.m. Dagger Blue

9:00 p.m. Big SMO

Riverfront Nights
http://www.riverfrontnights.com/
6:30pm on Saturday at Ross’s Landing.
Saturday’s lineup is The Unlikely Candidates and Sam Killed the Bear.

Chattanooga Bridal Fair
https://www.tennesseeweddingexpo.com/
12-4pm on Sunday at the Waterhouse Pavilion at Miller Plaza.
There will be over 75 of the finest wedding professionals on site to help you with your wedding day plans. 

 www.1814OakCoveDr.com
Soddy Daisy - Oak Cove Shores. Lakefront home with boat dock, 4 BR, full finished BSMT, great room, 2-story keeping room, rec room with pool table, 2 sided fireplace, & kitchenette. MLS#1280128. $539,000.
The Paula McDaniel Group Cell: 423-667-2997.​ Real Estate Partners Chattanooga LLC. ​423-362-8333. ​Equal Housing Opportunity. Licensed in TN and GA.

The Greater Chattanooga Association of REALTORS® just released the June 2018 Residential Housing Market Report for the Greater Chattanooga and North Georgia Areas and said, "Housing markets across the nation are most assuredly active this summer, and buyer competition is manifesting itself into several quick sales above asking price. While the strength of the U.S. economy has helped purchase offers pile up, the Fed recently increased the federal funds rate by 0.25 percent, marking the second rate hike this year and seventh since late 2015. Although the 30- year mortgage rate did not increase, buyers often react by locking in at the current rate ahead of assumed higher rates later. When this happens, accelerated price increases are possible, causing further strain on affordability. New Listings in the Chattanooga region increased 8.7 percent to 1,388. Pending Sales were up 9 percent to 932. Inventory levels shrank 17.7 percent to 2,756 units. Prices continued to gain traction. The Median Sales Price increased 11.7 percent to $201,000. Days on Market was down 27.9 percent to 44 days. Sellers were encouraged as Months Supply of Inventory was down 19.5 percent to 3.3 months. Inventory may be persistently lower in year-over-year comparisons, and home prices are still more likely to rise than not, but sales and new listings may finish the summer on the upswing. The housing supply outlook in several markets is beginning to show an increase in new construction and a move by builders away from overstocked rental units to new developments for sale. These are encouraging signs in an already healthy marketplace."

If you or someone you know is in the market to buy or sell a home, then call The Paula McDaniel Group today! It will be our pleasure to assist you with all of your real estate needs!
The Paula McDaniel Group 423-667-2997 www.AllChattanooga.com [email protected]
Real Estate Partners Chattanooga LLC. 423-362-8333
Equal Housing Opportunity. Licensed in TN and GA.