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.
| Year | Number of Homes Sold | Average List Price | Average Sales Price | Difference |
| 2008 | 9 | $548,011 | $529,319 | 97% |
| 2009 | 6 | $541,450 | $523,916 | 97% |
| Difference | -33% | -1% | -1% | 0% |
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.
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