Nashville Tennessee Living

Franklin TN Real Estate - Chestnut Bend  2010 Spring Market Report

Chestnut Bend had 4 sales in the first quarter of 2009. There was only 1 in 2010. There are currently 6 properties for sale, 2 with contingencies and one Pending. The numbers look like this:

2009

4 Sales

Average List Price:  $472,900

Average Sales Price:  $462,500

Average Days on the Market:  102

Of the 4 sales in 2009, the average size of the home was 3816 square feet. They sold at an average of $119.79/square foot. The Sale in 2010 was 3400 square feet and sold at $113.24/sqft. Down approximately 5%.

The Active listings in Chestnut Bend have been on the market for an average of 49 days with an average asking price of $472,250. With 2 of them already under contract it appears that the second quarter is going to have much stronger results.

Franklin TN Real Estate has seen an 18% increase in sales this spring or the 2009 First Quarter sales. There are currently 1087 active homes for sale and 178 pending. 56% of the pending sales are new construction. Local Builders have to be excited about that.

If you're looking to Buy or Sell a home in Franklin TN, contact Connie Harvey. She knows Franklin and can help you.

Franklin TN Real Estate - Chestnut Bend  2009 Market Report

Chestnut Bend prices have finally stabilized and sales have increase a full 50 % over 2008. Homeowners saw their home prices decrease up to 22% when prices fell from their high in 2007.

In 2006 Nissan moved their corporate headquarters to Franklin in Middle Tennessee. Several neighborhoods quickly became favorite, thus driving up the prices of homes to  numbers we had not seen.

Chestnut Bend was one of the neighborhoods that became very popular. Backing up to Franklin High School with its International Baccalaureate program and overall High Scholastic scores made it a great fit for those wanting newer homes in Franklin with many amenities.

The average sales price in 2005 was $427,860, in 2006 $519,481 and in 2007 $544,694. Those who bought in 2006 and 2007 and have since been relocated saw that their equity had disappeared in a similar fashion to cities they read about in the newspaper. In 2008 the average sales price decreased 18%. One of the largest drops in Middle Tennessee.

Meanwhile, the Franklin TN Real Estate market saw the sales rise from 2005 through 2007 and also had an adjustment, just not as steep:

There are currently only 2 homes on the market in Chestnut Bend. This would normally be considered Low Inventory. As we see the local market continue to pick up, these homes have positioned themselves well. There are currently 907 homes on the market in Franklin TN with an median asking price of $449,900.

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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

Franklin TN Real Estate - Chestnut Bend Fall 2009 Market Report

For the past couple of years, sales and sales prices have been down in Chestnut Bend. 2009 looks to be the year that sales are really turning around in this beautiful, convenient Franklin neighborhood. Sales are up 36% compared to this time last year and already 28% over the total sales of 2008. Though prices are still down a little bit, Chestnut Bend appears to be leading the area in recovery!

Notice that Days on the Market has declined 28%! Homeowners are seeing their homes sell quicker than any time in the past two years. The popularity and location of this neighborhood made it a shoe in for an early come back in this down market.

Franklin TN Real Estate in general is just ahead at down 25% of the Nashville sales, which are down 30%. The overall sales prices in Franklin are down just 4% over 2008 and Days on the market are up 25%.

This report is offered by Connie Harvey, Realtor with Prudential Woodmont Realty Group in Brentwood TN. Connie serves Buyers and Sellers of homes in Franklin TN, Nashville TN and 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

Chestnut Bend Franklin TN Real Estate - 1^st Quarter Market Report

Chestnut Bend had 8 closings in 2008, none of which happened the first 6 months of the year.

Already, 3 homes have closed and another 4 homes are pending. With only 4 homes on the market it looks like things have turned a corner in the neighborhood and that sales should continue at a good pace throughout 2009.

In 2008 the average asking price was $130/sqft and the selling price was $123.65/sqft. If you remove the foreclosure on Walden that sold for $89/sqft, the closings for 2009 have averaged $134/sqft in asking price and $131/sqft selling price. The days on the market also decreased from 98 days to less than half that.

The four active listings are listed at almost $140/sqft. It shows that the current Sellers are confident that the market is on the rebound.

All signs indicate that the market in Middle Tennessee is starting to pick up. First time homebuyers are taking advantage of the $8000 tax credit incentive and are making offers on homes. Real Estate is a trickle up business. That means that as the lower priced homes sell, those moving up will begin to purchase homes in the $200,000-$300,000 price range. Those sellers will then be looking up themselves.

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Chestnut Bend January 2009 Market Report

Franklin TN 2009 1st Quarter Market Report

Franklin TN 2008 Market Report

Contact Connie Harvey for more information about Chestnut Bend, Franklin TN Real Estate or any general Real Estate information in Middle Tennessee. HarveyC@realtracs.com or 615-661-7800 x 1300

Chestnut Bend Sudivision, Franklin, TN

Chestnut Bend Home Sales are already ahead of 2008! January turned out to be a good month for home sales in Chestnut Bend. One house closed and another went pending. There is still a lot of inventory but 2 down 6 active to go.

Traditionally 8 to 10 homes sell each year in this quiet neighborhood, tucked behind Franklin High School. With 6 homes still for sale that would easily be an 8 month supply. With spring upon us, hopefully that won't be the case. These homes have been on the market for an average of 94 days.

With the new First Time Home Buyer Tax Credit, the general feeling is that young buyers will begin helping the Real Estate Market get back on it's feet. These are certainly not the types of home that draw first time home buyers, but a move up buyer has to sell their home before they can purchas usually. Real Estate, unlike many other industries, starts at the ground and moves UP.

Chestnut Bend 2008 Market Report

Franklin TN 2008 Market Report

Search for homes in Franklin TN or Chestnut Bend

Contact me at HarveyC@realtracs.com or 615-661-7800 x 1300.

625 Ploughmans Bend, Franklin, TN 37064

One of Franklin's Favorite Neighborhoods, CHESTNUT BEND SUBDIVISION !

 This house has it all. 4 Bedrooms 3.5 Baths. Separate office on the main level is perfect as a guest room too, as it has a full bath adjacent!

 Very Open

First Floor with formal Living and Dining Rooms. The greatroom is two stories and open to the kitchen. Kitchen has Solid Surface Counters, Gas Cooktop and plenty of counterspace for those home cooks!

Best of all, Check out this backyard....

Don't miss this deal! Reduced over $40,000 to only $499,900!

Walk to Franklin High School where they have one of the best IB programs!

To see more pictures of this home, visit my website at www.ConnieHarvey.com

Chestnut Bend Subdivision, Franklin's most Convenient location!

Over 3800 square feet of luxury living! 4 bedrooms, 3 full baths. Office on main floor is being used as the guest suite because it has a full bath adjacent. Master upstairs has an attached sitting room, very large walk in closet, separate shower and whirlpool tub and double vanities. Two story greatroom has a wall of windows overlooking your very private back yard. Walking trails and neighborhood swimming round this out to be the perfect place to live! Can't beat the price at $499,950.

For more pictures, a visual tour visit www.ConnieHarvey.com

For more information about the Chestnut Bend Subdivision go to http://chestnutbend.org/

A perfect 10 priced below market!

4 Bedrooms, 3.5 baths and over 3500 square feet and Master on the first floor! Chestnut Bend subdivision is that great location in Franklin behind the High School. Williamson County's best with an IB program. Vacant Make any offer!!!!!!!!!!!!!!!

Priced at $469,900 it's the best priced house in the neighborhood. For more pictures view my website at

www.ConnieHarvey.com. For more information on Chestnut Bend Subdivision go to http://chestnutbend.org/