Ooltewah Real Estate Sales
Real estate sales information about Oolteway, TN. Call for information about qualifying for a conventional, FHA, VA, or Rural Development home loan.
It helps for both buyers and sellers to understand the trends for local areal homes for sale in the local market.
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Today Ooltewah is a community in Hamilton County, but for 48 years it was the county seat of James County. The former county was created in 1871 from sections of Hamilton and Bradley counties. The county struggled financially and politically. In 1919 the county went bankrupt and reincorporated into Hamilton county in December 1919. Information is take from the article in Tennessee Encyclopedia of History and Culture. |
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Historical seat of former James County |
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Ooltewah is a located in Hamilton County east of Chattanooga. Its population is approximately 6,000.
Ooltewah is supported by Ooltewah Elementary and Ooltewah Middle School and Ooltewah High School. The school mascot name is the Owls.
The name Ooltewah is from an Indian phrase that means resting place. The Ooltewah High School Marching Band played in the 2007 Macy's Thanksgiving Day Parade. The high school music department also has a string orchestra. The softball team won a state championship last spring. Ooltewah also has the Honors Course, one of the top golf courses in the area.
The community website provides excellent information about events, opportunities, the town council, and organizations.
Here are some local information and pictures about Signal Mountain.
The information in the below 5 charts indicates the local residential market trends over the last 12 months.
Chart 1 Average Selling Price and Average Listing Price
The trend of the average sales price and compared with the average listed price of those sold homes. This can give some insight as to how the market is supporting the asking price for listed homes.
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Ooltewah - Average Selling Price and Average Listed Price of Sold Properties |
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Chart 2 Number of new listings and number of sold homes
The trend of number of homes listed and sold. This gives some indication of the balance between selling and buying in the local market.
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Ooltewah - Number of Sold Homes and Number of Newly Listed Homes |
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Chart 3 Number of listings active on the market and average days on the market
The average day that properties have been on the market as well as the total number of properties listed for sale on the date this report was posted.
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Number of Active Listings |
Average List Price of Active Listings |
Average Days On Market (DOM) of Active Listings |
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179 |
$424,206 |
170 |
Chart 4 Average Price of New Listings
The trend of average price for newly listed properties. It gives an indication of the trending in the average price for the local market.
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Ooltewah - New Listing Average Price |
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Chart 5 Median List Price to Median Sold Price
The trend of listing and selling prices. It indicates whether a market has declining or increasing values. The median price is the price at which half the homes sell for more and half the homes sell for less.
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Ooltewah - Median List Price and Median Sold Price |
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Would you like to know what payment you qualify for? or How much home you can afford?
Call me at 423-280-0345 or email me . Visit my website for information about purchasing your new home.
We offer excellent first time home buyer financing, as well as FHA, VA, and Rural Development loans. Visit my website to learn about our different home financing programs.
We specialize in new construction financing.
We have numerous lenders that offer a variety of programs that meet the financing needs of higher priced (jumbo loan) homes.
Your home financing goals can be fulfilled at American Acceptance Mortgage.
Richard Smith
American Acceptance Mortgage, Inc
Toll Free 888-474-9920 Cell 423-280-0345
Home financing in Tennessee, Georgia, and Alabama.
Experience matters when it is your home loan.
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FHA, VA, Rural Development, Reverse Mortgages, Construction Permanent, Renovation, FHA Renovation
rsmith@aamonline.com
