Nashville Tennessee Living

Brentwood TN Real Estate - Raintree Forest 2010 Second Quarter Market Report

Raintree Forest is one of the few subdivisions where the prices actually increased over the same period in 2009. 2009 started off slowly with their first closing not happening until May. 2010 wasn't a lot better with only 2 properties closing the first quarter and then 6 in the second.

The sales prices were down considerably in the first 6 months of 2009. One home, in particular, sold for $350,000. This is very low for this neighborhood. This particular home backed up to large electrical lines and many Buyers are not inclined to have this view from the back of their home. When we removed it from the market report,  it put the increase at 6% instead of what would have shown as an 8% increase over 2009.

Days on the market is down by half. That should be encouraging to the 12 homes that are currently for sale. Of the 12, 2 are under contract. The average asking price is $466,650 which is probably a little too high.

Raintree Forest is a very popular place to live. With it's swimming pools, walking trails and park areas, there is something for everyone. Most of the homes were semi-custom built in the late 80s and mid 90s. In 2000 a new builder came in and developed a new section with a more contemporary interior.

Raintree Forest 2009 Market Report

Brentwood TN Real Estate - Copperfield 2010 Second Quarter Market Report

Copperfield's home sales have really picked up in 2010. From only one in the first half of 2009 to 5 in the first 6 months of 2010. With only one example for 2009 it's hard to say a lot about pricing. From this indication the sales prices are only down 1%. Not terrible in the given market.

In Copperfield, there are currently 6 homes on the market with an average asking price of $301,283. It sounds a little high but the actual asking price per square foot is on par with the 2010 sales this year. The sold homes averaged $117.19/sqft asking price and those for sale are at $117.69. The homes in this neighborhood are often one story with a bonus room up over the garage. The builder kept many trees when building here in the late 80s and early 90s giving it a distinctive feel.

Homes priced between $250,000 and $350,000 saw a 10% increase in sales in Brentwood Davidson County compared to a 35% increase in the same price range in Brentwood and Franklin, Williamson County. This was one of the strongest price points throughout the middle Tennessee area.

The Copperfield subdivision is located between Old Hickory Blvd and Cloverland, this neighborhood is easy to access from Nipper's Corner and Brentwood. There is grocery shopping, Starbucks, and restaurants in easy walking distance.

Copperfield 2010 First Quarter Market Report

Brentwood TN Real Estate - Chestnut Springs 2010 First Quarter Market Report

Chestnut Springs has been consistent if nothing else. One closing first quarter in both 2009 and 2010. It's hard to say that prices are up or down unless it's the same house or floor plan. What we do see is that 4 of the 8 active listings have contract contingencies on them.

Chestnut Springs was built by Pulte starting in 2002. It was such a popular concept at the time that they had a lottery to see who could write the first contract. 50 homesites were chosen the first weekend. This was the first time Buyers could get into the Brentwood area at this lower price point in New Construction. The average sales price of a house in Brentwood was $675,832.

Brentwood TN Real Estate - Chenoweth 2010 First Quarter Market Report

Chenoweth, like many middle Tennessee neighborhoods started 2009 slowly with only one closing in the first quarter. They picked up during the spring, which is still the peak selling time and ended up closing a total of 6 units, the remaining 5 in the months of May, June and July.

2010 is already looking much better. Now, before you look at the numbers too much, know that the one closing in 2009 in the first quarter was a short sale. It was originally listed at $562,900. With a final sales price at $408,500 it doesn't seem right to analys the price changes from one year to the next.

Chenoweth is located down Concord Road in Brentwood. Being right before the light at Edmondson Pike makes it attractive to those that don't want to be further down Concord. It is easily 5 minutes to I-65 a little more to downtown Brentwood and Cool Springs.

There are currently 10 active properties, one of which has a contingency on it. The average asking price is $564,900 and the average days on the market are 29. Well below those that have already closed. This would indicate confidence in the market as people continue to put their homes on the market.

Brentwood TN Real Estate - Raintree Forest 2010 First Quarter Market Report

Real Estate in the Middle Tennessee area started off slow in 2009.  With that knowledge, it's not surprising that Raintree Forest had no closings the first quarter of 2009. The 9 closing that they did have all took place after May.

With over 500 properties, Raintree probably has one of the smallest turnovers of most Brentwood neighborhoods. People love the established trees, walking trails and amenities that it offers. 

There are currently 17 active listings on the market. 4 of them have contingencies, leaving 13 available. The average list price is somewhat agressive considering the prices of those sold this year.

Brentwood Home Sales were up 28% over the same time in 2009. List Prices were down 13% and Sales Prices down just 12%. There were 104 closings in the first quarter and there are currently 70 pending. This is up significantly over 2009. There are currently 530 active listings which comes to a 15 month supply of inventory.

Brentwood TN Real Estate - Copperfield 2009 Market Report

Copperfield, situated just a block from Nippers' Corner has the advantage of accessing Brentwood from either its Old Hickory Boulevard entrance or that on Cloverland on the southern end. Built in the early 90's it was very "cutting edge" when Radnor came out with these unique contemporary designs.

Located in Davidson County but with a Brentwood TN mailing address this neighborhood has easy access to all parts of Middle Tennessee. Prices dropped just 4%, very consistant will some of the other well placed subdivisions.

With many walking trails and tennis courts this is a great neighborhood to live in!

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Connie Harveyis a full time Realtor with Prudential Woodmont Realty Group in Brentwood TN. She services both Buyers and Sellers with their Real Estate need in Nashville TN, Franklin TN, Brentwood TN and surrounding areas.

She can be reached at                615-661-7800         615-661-7800 x 1300 or HarveyC@realtracs.com.

Follow her Blog, Nashville Tennessee Living.

Brentwood TN Real Estate - Chestnut Springs 2009 Market Report

Chestnut Springs is still the most affordable neighborhood in Brentwood. Because the association fee pays for the lawn care, the neighborhood consistantly look neat and inviting. The sales in this neighborhood don't chang much from year to year. The buyers are sometimes First time Homebuyers and others move up from south Davidson County.

Prices show a decrease of 5% from 2008 to 2009. Looking closer, we can eliminate the forclosure property and that puts the decrease at only 4%. Not bad for a neighborhood when sales are down up to 10% in the surrounding areas.

There are currently 3 homes on the market which is very much in balance with our current market compared to Brentwood overall which has a 10.5 month supply of inventory.

Brentwood TN Real Estate doesn't always follow the Real Estate Trends in Middle Tennessee. Here, the average asking price of properties sold in 2009 was up 1% where the sales prices are down 3%. Of the 425 properties currently on the market, the average asking price is up 26% over the those of last year.

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Connie Harveyis a local agent with Prudential Woodmont Realty, serving home buyers and sellers in Nashville, TN, Brentwood TN, and Franklin TN. Let her help you realize your Real Estate goals.

Connie can be reached at 615-661-7800 x 1300 or at HarveyC@realtracs.

Follow her Blog: Nashville Tennessee Living

Brentwood TN Real Estate Trends for 2009 - Chenoweth Neighborhood Market Report

Where Chenoweth prices have held mostly steady the last 2 years, sales have not. Homes sold between $408,500, or $125 a square foot, and $715,000, or $161/sqft. The one consistent factor in all of the home sales is that Buyers no longer want to come in and update the homes they purchase.

Brentwood TN Real Estate market reflected similar outcomes in pricing but the number of units sold did not decrease as much.

For whatever reason, the sales in Chenoweth were down 30% in 2009 over 2008. The BIG NEWS on this is that all 6 sales in 2009 occurred in the first half of the year. Yes, spring is usually the busier time for home sales, but there were NO closings after July and there are currently no pendings. The average asking prices are up and there 7 homes on the market giving them a 14 month supply of inventory.

The Brentwood TN Real Estate market has only a 10 month supply of homes.

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Connie Harveyis a local agent with Prudential Woodmont Realty, serving home buyers and sellers in Nashville, TN, Brentwood TN, and Franklin TN. Let her help you realize your Real Estate goals.

Connie can be reached at 615-661-7800 x 1300 or at HarveyC@realtracs.

Follow her Blog: Nashville Tennessee Living

Brentwood TN Real Estate - Hearthstone 2009 Year End Market Report

Hearthstone is probably one of the few neighborhoods in the Nashville area that actually saw their average sales price INCREASE. That tells you a lot about a neighborhood. Tough it's listed as a Brentwood subdivision, and they do have a Brentwood mailing address, it is actually in Davidson County and zoned for Metro Public Schools.

The number of homes sold is down dramatically from 2008 but with the slight increase in price, this should worry you none. Most of these homes were built in the mid to late 80's. At the time they filled a huge need for this area. All brick with somewhat larger yards, mature trees, and just a couple of miles to I-65.

The Brentwood TN Real Estate market, like it's neighbor Nashville saw prices decrease between 8 and 10% in 2009. Sales in general increased three months in a row with volume up 13% in December, almost 58% in November and 63% in October. It's too early to predict that we are in recovery, but the numbers are looking good.

The Tennessean reported last week that according to GNAR, the local Board of Realtors, that the prices seem to have stabilized. Stabilized or not, confidence appears to be up. With 2 of the 4 sales occuring in November and December, one could assume that it was the result of the First Time Home Buyers Credit.

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Connie Harveyis a local agent with Prudential Woodmont Realty, serving home buyers and sellers in Nashville, TN, Brentwood TN, and Franklin TN. Let her help you realize your Real Estate goals.

Connie can be reached at 615-661-7800 x 1300 or at HarveyC@realtracs.

Follow her Blog: Nashville Tennessee Living

Brentwood TN Real Estate - Raintree Forest 2009 Market Report

Sales in Raintree Forest decreased by almost 50% in 2009 over 2008 sales. Though it is a very popular neighborhood, most of the homes were built in the late 80's and early 90's. If they haven't been updated, they fall into that area where Buyers just don't want to do anything, if they don't have to.

Brentwood TN Real Estate, like everywhere shows sales down about 10%.

The average asking price increased from $677,957 in 2008 to $682,308.

The average sales price dropped from $653,513 to $634,240 just 3% from '08 to '09.

There are currently 45 homes pending with an average Asking Price of $688,723, similar to 2009 asking prices. There are currently 425 homes on the market - a 10 1/2 month supply - with an average asking price of $828,728.

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Connie Harveyis a full time Realtor with Prudential Woodmont Realty Group in Brentwood TN. She services both Buyers and Sellers with their Real Estate need in Nashville TN, Franklin TN, Brentwood TN and surrounding areas.

She can be reached at                615-661-7800         615-661-7800 x 1300 or HarveyC@realtracs.com.

Follow her Blog, Nashville Tennessee Living.