Nashville Tennessee Living

Brentwood TN Real Estate

Chestnut Springs 2011 Market Report

Nashville TN Real Estate is experiencing a rise in home sales. Brentwood is no different. All of the area is still experiencing different amounts of decreases in sales prices.

Chestnut Springs is seeing the opposite. The number of sales is down but the prices have gone up. This is a great thing for Chestnut Springs.

There are only 3 homes for sale at this time. One of these has a Home Sale Contingency.(The Buyer must sell their own home before they can proceed to closing).

Chestnut Springs is located on the west side of Brentwood. It is one of the most affordable neighborhoods in Brentwood. The lots are small and the Homeowners Association fees cover the lawn care.

The west side of the neighborhood is connected to the Concord Road park where there is a playgroung, Shelter and walking trails.

Brentwood TN Real Estate

Chestnut Springs Fall 2011 Market Report

Chestnut Springs sales are down a bit in 2011 compared with sales in 2010. The numbers below show year-to-date.

The actual Third Quarter of 2011 only had a single closing compared to 4 closings in 2010.

Chestnut Springs currently has 6 properties for sale, 2 of which have financing contingencies. This is one of the most affordable neighborhoods in Brentwood which has an Average Sales Price of $582,000.

Buyers should be gobbling up these listings!

Brentwood TN Real Estate

Chestnut Springs 2011 6 Month Market Report

Chestnut Springs has seen activity the first 6 months of 2011 very similar to the same time in 2010. Many areas saw a decrease in sales, due to, one assumes, the lack of the Tax Incentive.

Chestnut Springs had 5 sales in 2010 and 4 sales in 2011. Very little difference even though the chart shows them down by 20%.

What's more remarkable is that the prices in Chestnut Springs actually went up! Of the 5 sales in 2010, one was a foreclosure. We've eliminated that sale in determining the average list and sales prices.

Chestnut Springs has only 3 homes on the market at this time which would be a 10 month supply. That could change quickly as families make decisions to move before school starts in August.

The Brentwood TN Real Estate market showed much less signs of improvement. Sales were only down 1%. Prices were down less than 1%.

The Nashville TN Real Estate Market and that of the entire Middle TN Real Estate market had numbers off 11% from 2010 and prices down as much as 5%.

Brentwood TN Real Estate - Chestnut Springs 2010  Market Report

Chestnut Springs saw and 83% increase in sales from 2009 to 2010! Price were down a bit but not dramatically. The Days on the Market really came down this past year. All of this shows that our market is starting to stablize.

Chestnut Springs is still one of the most affordable neighborhoods in Brentwood. With prices below $300,000 buyers have to go to Nolensville or South Franklin to get into the North Williamson County School District. The average price of a home in Brentwood is over $600,000.

With Walking Trails attached at the west end of the neighborhood, it's truly a neighborhood for everyone.

There are currently 6 homes on the market with one having an inspection contingency.That's just under a 6 month supply and very consistant with where the market should be this time of year.

Don't forget to join the Chestnut Springs Community Page on Facebook!

View previous Chestnut Springs Market Reports.

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

Chestnut Springs had seen sales increase 50% this year. In 2009, only 6 homes had sold by this time where 9 properties have already closed in 2010. The numbers below show the average sales prices. Since only one property closed during this period in 2009, it's hard to say what the average might have been. If you take the price/square foot, the 2009 property sold at $135/sqft where the 2010 properties sold at almost $133/sqft or less than 2% less than the prior year.

The Chestnut Springs Sales chart shows four sales in the third quarter of 2010 but the average list and sales prices reflect only 3 of those sales. The other was a foreclosure and would have changed the numbers a good bit. These numbers give you a clear picture of the actual sales.

There are 2 active listings and they both have contingent contracts on them. With no competition, this would be a great time to consider putting your home on the market.

Brentwood home sales in general were up 10% with sales prices down 4%. Compared with GNAR - the Greater Nashville Area, where sales decreased by almost 30% but prices increased by 8%. This just reminds you that all real estate is Local!

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

Chestnut Springs in Brentwood continues to have solid sales. There were 5 sales the first half of 2010 just as in 2009. One was a foreclosure and sold with multiple offers.

There are currently 11 properties for sale with 2 of them having inspection contingencies. The average asking price is $309,663. Both listings with contracts on them are priced under $300k. The number of units for sale would indicate a 12 to 13 month supply of inventory. Because sales were down over 20 % in July of this year, we would probably put the supply closer to 15 months.

Chestnut Springs is very popular with young because of its entry level price into the Brentwood market. The neighborhood is zoned for Sunset Elementary, Sunset Middle and Ravenwood High Schools. If the Williamson County school board passes the request to build a eastern county HS, they will probably be rezoned to the new high school.

For those who love to walk, the neighborhood is adjacent to Concord Park. At the end of Northfork Drive, just before entering the Bridgton Park neighborhood, is a playground and an entrance to the walking path that goes through the Park on Concord Road. It also has a very large playground and picnic tables.

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 - 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  - Chestnut Springs 2009 Fall Market Report

Chestnut Springs, located on the western side of Brentwood is one of the most affordable neighborhoods in Brentwood. Because of this, sales are generally consistant and the sales for 2009 are very much that compared to 2008. Last year, 2008, 7 homes sold in the first 3 quarters and this year, 2009, 6 sold.

At the time of this report there were 7 properties listed for sale with an average of 70 days on the market.

Looking at actual sales from 2008 to 2009 one finds the following comparisons:

Brentwood TN Real Estate in general shows asking prices down only 1.2%. The sales prices, however, are down 5%. This shows that though prices are down, Sellers continue to ask for last years pricing. The total number of Single Family homes sold is down 18% to 365 from 445 in 2008. There are currently 514 properties on the market.

This report is offered by Connie Harvey, Realtor with Prudential Woodmont Realty Group in Brentwood TN. Connie serves Buyers and Sellers of homes in Brentwood Tennessee. She can be reached at 615-661-7800 x 1300 or via email at HarveyC@Realtracs.com.

Follow her Blog Nashville Tennessee Living

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