Have you been thinking about moving out of your Toronto condo and travelling to a city where your music career might really take off? There are few better locations to live for that than a zip in Memphis. Long thought of as the country music capital of the world, Memphis is also a place where many different music starts from all sorts of different genres got their starts.

Music isn't the only reason to move to Memphis, of course, and you don't have to move from some Newmarket real estate either. People come to live in Memphis all year long and for many different reasons, but they all have one thing in common: they have a stake in the real estate market trends in the area.

So just what can everyone expect from trends in the city? Well, one of the first things that you will probably notice is that these trends have stayed the same, for many years. Although Memphis has lately begun to attract a lot of national attention as a great place to start up a business, housing prices have yet to go through the roof. That's good news for the home owner, because Memphis' stability allowed it to bypass the rise and fall experienced in the markets of so many other areas over the last decade. Someone who owns a piece of Mississauga Ontario real estate, for example, may have seen their home climb by hundreds of thousands of dollars in ten years, only to fall by thousands in the last five.

That same trend has not happened in Memphis. Homes are much the same prices as they were at the beginning of the new millennium, although there has been a dip in some areas. Most of these falling prices have been at the high end home level, something which is true all over the continent, from St. Lawrence Market condos to Miami bungalows.

People moving to Memphis from CFB Kingston Ontario or just about any other point further north (even in hard hit real estate areas such as California) will be pleasantly surprised about the market in the area. Average sales prices continue to hover under the $100,000 mark, something which hasn't been seen in many areas for almost ten years.

As is the case in many large cities, the most valuable properties in Memphis can currently be found in the heart of the downtown area. This is where the high end condo developments can be found, conveniently placed and often with incredible views of the Missouri River. As you get out into the south, west, and north, prices begin to fall lower; the prices rapidly fall to under $70,000 on average in the extreme south.