Nashville Tennessee Living

Brentwood TN Real Estate

Raintree Forest 2011 Market Report

Raintree Forest sales were very consistent in 2011 compared to those of 2012. Prices were down, but no more than that of the area.

There was one Short Sale that pulled the average sales price down a little. Overall, the sales stayed strong in Raintree Forest.

There is one house pending and there are 5 homes listed as Active. Of the 5, 2 of the active listings have Financing Contingencies on them.

Raintree Forrest is a popular neighborhood for those relocating to Middle Tennessee. It has wonderful walk/bike trails throughout and a lovely Pool Playground complex. It's almost walking distance to the popular Ravenwood High and Kenrose Elementary Schools.

Brentwood TN Real Estate

Raintree Forest Fall  2011 Market Report

It's so nice to see the market stabilizing in some of these neighborhoods! The year to date sales are almost identical with 13 homes selling in 2010 and 14 in 2011. The quarter results are close enough!

The Raintree Forest sales prices appear to have increased 7% but the reality is that the actual Price per Square foot went from $117.19/sqft to $117.85/sqft which is only a half of One Percent!

Still, the prices are moving in the right direction!

Raintree Forest currently has 4 Active homes on the market for sale and one Pending. With the current sales, this is only a 3 month supply of inventory, down considerably from this time last year.

If you're thinking of selling your home in Raintree Forest, now would be a good time to consider getting it on the market. Interest rates are at an all time low and people are still moving to the Nashville area from all parts of the country, especially California!

Brentwood TN Real Estate

Raintree Forest First Half of 2011 Market Report

Sales have remained steady in Raintree Forest, with the same number of homes selling in the first half of 2011 as in 2010!

Prices, in Raintree Forest, are down about 5%. The chart shows 8% but in reality, the homes that closed in this period were smaller. Adjusted for size, the prices are only down 5%. The more significant issue is that with 7 sales in the past 3 month and only 9 homes on the market, the absorption rate is just a 4 month supply of inventory.

Raintree Forest had an unusually active fall last year, closing 7 homes between August and December. If the fall months in 2011 follow this route, inventory will be close to depleted before the end of the year. That would make this an EXCELLENT time to put your house on the market. Of course homes must still be priced correctly for them to sell.

The Brentwood TN Real Estate market is almost identical to the Raintree Forest results. There were 301 sales in this time period in 2010 and 306 in 2011. Very little change. The average sales price in all of Brentwood went from $571,120 to $574,312. Virtually no change at all.

If you are thinking of selling your home, consider having a Realtor, knowledgeable about Raintree Forest, give you a detailed market analysis.

Brentwood TN Real Estate - Raintree Forest 2010 Market Report

Raintree Forest showed a remarkable increase in sales for 2010 over those of 2009. Sales were up everywhere in Brentwood but not like these numbers.

Of the sales both years, there were a couple of Foreclosures and Short sales that in both years closed in the mid-300s. These sales pull the average prices down by close to $20,000.

You see that the list price changed a few dollars and the sales price barely moved. This is better than the average sales price for homes in Brentwood that was down 8% in 2010. Overall sales in Middle Tennessee were down 9% in 2010 with prices up on average 4%.

Raintree Forest draws many families that are relocating to the Nashville area from other parts of the country. They are usually impressed with its bike and walking trails, Pool and Tennis and the lovely rolling hills.

Don't forget to join the Raintree Forest Community page on FaceBook.

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

Sales and prices are holding steady in Raintree Forest with 4 closings in both 2009 and 2010 in the fall quarter of the year. Prices went down 1% but that could be that the homes that sold averaged a bit smaller.

Raintree Forest has 15 properties on the market which would be about a full year's supply of inventory. 2 of the active listings have contingency contracts which reduces the inventory to an 11 month supply.

Brentwood home sales in general were up 10% with the average prices dropping by 4%.

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 - 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 - 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 Estate Trends for 2009 - Raintree Forest Market Report

The last Raintree Market Report showed sales down 75% from the same time period in 2008. Good news in this area shows that the numbers year to date, of sales, are now only down 50%. Basically, 8 homes have sold in Raintree in 2009. 4 in the first half of the year, and 4 since July. In 2008, 15 homes had sold by this time, but 12 of them sold in the first half and only 3 in the next 3 months.

This tells us that sales have picked up considerably since June.

Prices on the other hand have continued to drop. On first look, the statistic show a a decrease in AVERAGE sales price of 15%. Since there were so few closings, I was able to study them more in-depth. By deleting the sale on Highwood Hill, which sold at a bargain foreclosure sales price, the numbers show a decrease of only 3%. The last 3 properties to close averaged 3300 square feet instead of the usual 3600. This does indeed affect the average sales price.

Days on the market are up from 88 days to 133 days.

As the market continues to rebound, the prices should begin to stabilize. Homeowners in Raintree Forest and potential Buyers should feel confident that their home values have beat the market trend as far as pricing is concerned.

With their wonderful walking trails and other community amenities, Raintree Forest will always be a favorite place to live in Brentwood.

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.

   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.