House shortage becomes an issue in Bradley

By BRIAN GRAVES

Posted 12/26/17

Those looking to buy houses in Bradley County are facing a shortage in the market.Industrial Development Board member Tony Young, who is also a local Realtor, noted in a recent IDB gathering that …

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House shortage becomes an issue in Bradley

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Those looking to buy houses in Bradley County are facing a shortage in the market.

Industrial Development Board member Tony Young, who is also a local Realtor, noted in a recent IDB gathering that housing "continues to be extremely tight here."

"I just checked and as of this moment there are only 328 homes listed for sale in Bradley County," Young said. "The average price of those homes is $262,000."

He added the availability of "starter or entry" homes "is very low."

"The things that have come on to the market are being absorbed almost instantly," Young said. "The pipeline of lots got so empty that were being developed over the last 10 years. It takes about a year to develop a subdivision."

"If you take a well-kept or remodeled home in the $140,000 price range, it will come on the market that morning and, that afternoon, it will show 'sale pending,'" he said. "Correctly priced homes are almost down to a one-day market time. If you list it, you better be ready to move."

Doug Berry, Chamber of Commerce vice president of economic development, reported Wacker Polysilicon continues its process of returning to full production after an industrial incident earlier this fall.

He noted The Dilling Group is doing an expansion near to the plant.

"They have been tasked with some of the reconstruction on the Wacker facility," Berry said. "They are adding a ... facility for pipe cleaning and fabrication to their complex on the property they acquired from us last year. That will give them the space to do the necessary cleaning of the pipe they are fabricating for that process."

Berry added Wacker "seems to be on track" with getting the plant restarted.

"They are moving forward and the HDK project is still under construction as of conversations we had last week with them," he said. "And, they have not laid off any of their permanent employees as of today and do not have any plans to."

Berry said current information provided by Wacker is that plans are for the plant to resume production sometime in the spring.


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