Nashville Tennessee Living

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.

Brentwood TN Real EstateMarket Report  September/October 2009

Home Sales in the Brentwood market for 2009 have continued to hold steady with those of the fall of 2008.

While the prices are down, the number of transactions and the days on the market seem to be very similar. In doing the study we first just did ALL sales in Brentwood, Williamson County.

This number included homes in every price range. Normally that's how one would want to see the numbers. But when there are well under 100 transactions, even one number very high or very low will throw off the average and not show a true picture of what is happening in the markets.

Brentwood TN Real Estate has always followed it's own trends. Many of the home sales are the result of families being relocated into or out of the Middle Tennessee area.

That being said, the numbers showed the following for September:

After looking at the details, we determined that the bulk of the sales are usually under $900,000. By adding in the Million dollar homes, it threw the averages too much. In September of 2008 there were 3 homes sold over 1 million. In 2009, there were 6 properties sold over 1 million. With almost the same number of transactions, the averages did not reflect the general market trends. It does show that Buyers in the Top Priced market are purchasing homes. The following numbers will be more accurate for the general Brentwood population:

September Sales

October numbers were very similar to September for both years. This time we never put in the over 1 million dollar homes because it through the averages off too much. For example, in October, 3 homes sold for over $2,000,000 and none in the 1 million dollar range.

Brentwood TN Real Estate October Sales

You can see that the two months are very similar indeed. Where sales were up in general in middle Tennessee by almost 23%, that did not include the upper end price market. The average sales price of the homes sold in Nashville during the months of September and October were under $200,000. As these homes continue to close, we are seeing the market in the $300,000's pick up.

Brentwood TN Real EstateMarket Report  - Spring 2009

Sales of Homes in Brentwood TN were down 35% this spring while the prices decreased only 2%. This has been the norm throughout Middle Tennessee with the exception of price which has been anywhere from a 5% increase to 18% decrease. That being said, 2% is not a lot in this current economy.

The big news in Brentwood is the Inventory amount. In the first half of 2008, 275 homes sold. In the same time period of 2009, only 195 have sold.

There are currently 589 homes for sale. If you could use the 2008 numbers, there would be a 13 month supply. But since those numbers are no longer valid, the true supply should last us at least 18 months! An 18 month supply will only cause the prices to continue to decrease.

The numbers that are really scary are the prices. In 2008 the average sales price was $671,329. In the same time in 2009, the average sales price was $657,425. Not a terrible difference. The current Average ASKING price is $846,057. Hmmm I'm thinking the time on the market is going up.

With prices declining 2%, what are these sellers thinking? Up the price $200000 and they will buy it? This IS Brentwood after all. This Realtor doesn't think so.

Watch for updates on the Brentwood Real Estate Market.

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Brentwood TN Market Report - 2008

Connie Harvey is 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 x 1300 or HarveyC@realtracs.com.

Brentwood TN Real Estate Market Report for Chestnut Springs - Spring 2009

Sales of Homes in Chestnut Springs have basically doubled this year. There are 5 closed to date and one pending. The time on the market has increased by almost 100 days and the prices are down 7% on average.

What we're seeing is that the lower priced homes have started to move and the upper end continues to sit on the market. The 7% decrease in price is high for Brentwood TN home sales, where the average has stayed below 4%.

The Nashville TN Real Estate market has begun to pick up in the past few months. First time homebuyers are starting to act on the $8000 Tax Credit being offered. As the lower priced inventory sells, many of those homeowners will be moving up in price. Already we're seeing multiple offers on well priced properties in good condition.

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Connie Harvey is a Realtor with Prudential Woodmont Realty Group. She helps Buyers and Sellers with Real Estate in Nashville TN, Brentwood TN, Franklin TN and the surrounding areas.

Contact information:

888-798-7800 x 1300

HarveyC@realtracs.com

   Brentwood TN Real Estate Market Report for Raintree Forest 2009

Raintree Forest has seen a dramatic decrease in sales in 2009. The number of closed sales is down 75% over 2008 sales. There have been only 3 closings in 2009. All of those closed in May of this year. There is currently one pending and there are 15 homes for sale.

The average asking price is down to $118.42/SF or $402,633 from the average this time last year of $136.86/SF and $504,865. What we're seeing is that the lower priced homes have started to move and the upper end continues to sit on the market. The 13% decrease in price is high for Brentwood TN home sales, where the average has stayed below 4%.

The Nashville TN Real Estate market has been slow as in other parts of the country but not nearly as dramatic. First time homebuyers are starting to act on the $8000 Tax Credit being offered. As the lower priced inventory sells, many of those homeowners will be moving up in price. Already we're seeing multiple offers on well priced properties in good condition.

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Connie Harvey provides Real Estate Services for Home Buyers and Sellers in Nashville TN, Brentwood TN, Franklin TN and surrounding areas.