If the market here in Ooltewah/Collegedale keeps on like it is, we won't have enough inventory and sellers will continue to enjoy quicker sales than normal. Ooltewah & Collegedale are the hottest markets in the Chattanooga area. We have been experiencing that for several months.
For instance, we didn't even have time to put one of our listings in the local Multi-listing service. As we put up our sign, someone came by and offered more than the listing price. The home sold in one day. That was 5707 Sunburst Court.
The next listing was at 3430 Lead Mine Valley Road. It was out in the country and was sitting on a very nice one acre lot. It about 15 minutes from Collegedale and was a beautiful 2 bedroom 2 bath home in pristine condition. We thought because it was in the country we might not have much activity, however, there were six showings and three offers within 4 days.
Another example was the home on Flagstone Drive at 7300. It was a pocket listing and we didn't even put it on the Chattanooga MLS. Our client wanted to stick with our service because she did not trust other companies. We thought this home might sit on the market for a long time. Nope, it sold within 10 days.
Then again, we have tried to help buyers purchase a home and the nice one we looked at had multiple offers. If you are a home owner and you have been thinking about selling sometime, now would be a great time. If you are a buyer, even though the market is hot, it's a great time to get in because with Amazon, VW, Southern Adventist University, & other companies in this area expanding, now is a good time to buy.
With the widening of Apison Pike and East Brainerd Road, it is likely that Ooltewah, Collegedale, Apison and McDonald will remain great places to locate for some time in the future.