Home sales in Collierville rocketed more than 35 percent in 2012, according to the Memphis Area Association of Realtors.
Data released Wednesday indicates that 970 houses were sold last year, a 250-sale improvement over 2011.
No other municipality saw more recovery among Shelby County municipalities.
With the exception of January, Collierville saw an increase in sales every month in 2012, including a 128-percent surge in October.
Collierville also saw a 198-percent jump in new home sales last year, more than any other Shelby County municipality.
The median sales price was up four percent in 2012 at $275,814. The price for new homes was down $62,000 at $334,900.
Collierville finished the year strong with 61 homes sold in December alone.
Memphis-area home sales for December increased 26.5 percent from a year ago, with 1,156 total sales recorded. In Shelby County, year-to-date sales were up 19 percent in 2012. The median sales price also increased 3.5 percent to $84,900. “The numbers tell the story,” said 2012 MAAR President Carol Lott. “The local market improved this past year. We’re up more than 17 percent in year-to-date total sales. There were slight price increases and an almost 20-percent jump in sales volume for the year.”
While Arlington and Lakeland both finished the year with a 15-percent increase in overall sales, at $233,585 Lakeland had a median sales price 17 percent higher than its northeastern neighbor.
Bartlett finished 2012 with 855 sales, a 30-percent increase from 2011. Germantown finished with 697 sales, a 16-percent increase.