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Del Webb Tennessee Lake Providence January 2014 Market Report

Del Webb Tennessee Lake Providence January 2014 Market Report

Lake Providence

Sales continue to be strong at Lake Providence by Del Webb! The increase in prices reflect the improved market in the middle Tennessee area and the Mid Western states in general.

Over 50% of the Buyers in the Lake Providence community relocate to Mount Juliet from out of state. A large percentage of them, from the Midwestern states.

The following chart shows the increased sales prices but also shows how the average square footage of the homes sold has increased. The SP/SF is the sales price/square foot.

 

  # Sales Sales Price Square Footage SP/SF
2013 9 $244,073 1684 $145
2014 35 $337,741 2151 $157
% Change 389% 38% 28% 8%

 

The increase in prices indicates that many of the Buyers have sold there homes for more money than in years past. It is a strong showing of this group of Buyers confidence in the real estate industry.

There are currently 26 active listings in the MLS. Of those, 5 have financing contingencies. That leaves 21 active listings or just under a month's supply. For homeowners considering a move in 2014, now would be the time to get your home ready for sale!

As the Lake Providence community ages, the resale market Lake Providencecontinues to grow. Del Webb is on it's final 2 phases and the selection of lots decreases as time goes by.

 

Buyers interested in seeing homes in Lake Providence by Del Webb would be well served to hire a local Realtor who knows the area and community. Realtors can provide insight into the area and can also show the Re Sale properties in the Community.

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Connie Harveyis a local agent with Pilkerton Realtors, serving home buyers and sellers in Nashville, TN, Brentwood TN, and Franklin TN. Let her help you realize your Real Estate goals. She can be reached at 615-371-2474.


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4 commentsConnie Harvey • March 13 2014 08:40AM
Del Webb Tennessee Lake Providence January 2014 Market Report
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