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Villages of Brentwood 2011 Market Report

Villages of Brentwood did not perform as well in 2011 as it did in 2010. Sales were off 47% compared to an 18% increase in Nashville overall.

There's no particular reason for this decline in the number of sales. These things just happen sometimes. Prices There are only 4 homes on the market so there is very low inventory. Those coming on the market in the next few weeks should sell quickly.

This is a very easy price point for this part of town. The neighborhood is zoned for the VERY popular Granbery Elementary and John Overton High School.

Villages of Brentwood is located half way between I-65 and 1-24 in the Nippers Corner area. Homeowners can easily reach Downtown, Brentwood and the Airport in just minutes.

Nashville TN Real Estate 

Villages of Brentwood October/November 2011 Market Report

The sales in Villages of Brentwood more than doubled in October and November, compared to the number of homes sold in 2010. Only 2 homes sold in the two month period in 2010 and 5 homes closed in the same period this year.

The Days on the market dropped from 107 days to only 70.

The average sales price on the 2 homes sold in 2010 was $184,450. The average of those sold in 2011 was only $148,660. However the Average Sales Price per Square Foot on dropped from $89.32 to $87.31. This indicates that the homes that sold this year were considerably smaller than those of last year.

In the Villages of Brentwood, there are currently 6 homes actively for sale with an average asking price of $163,966. The average asking price/square foot is $104, a good bit higher than those sold. These homes have already been on the market for an average of 69 days.

Homes continue to sell in December and January, but only those priced correctly.

Nashville TN Real Estate
 Villages of Brentwood Third Quarter 2011 Market Report

Sales in Villages of Brentwood continue to float up and down from month to month, quarter to quarter. This fall appears to be slower than last fall by a large amount, but over all Year to Date sales are only down 50% and there is a pending and 3 of the active have contingencies on them. Not a terrible sign.

Prices have started to inch up a bit. And inventory continues to fall. With the contingent sales removed from the active listings, that leaves only 7 properties for sale or a 5 month supply of homes.

Going into the early winter months it's probably a balanced number of homes currently on the market.

Villages of Brentwood Facebook page has all the up to date information about sales in the neighborhood and things happening in the area.

Nashville TN Real Estate 

Villages of Brentwood 2011 Detailed Fall Market Report

This report covers the first 3 quarters of 2011 compared to the same time period of 2010. The numbers should not be alarming since there was no tax incentive this year.

Many people bought houses just because of the Tax Incentive. Some  were not sure if they were ready or not last year but took the plunge anyway. That drove the numbers up dramatically.

There are currently 10 homes on the market with an average asking price of $158,165. Two of these have home inspection contingencies. There is one pending.

October should have above average number of closings. The number of homes on the market show that inventory is stable if not leaning toward a sellers market.

Nashville TN Real Estate - 5104 Village Way For Sale

Popular Villages of Brentwood in South Nashville has a new listing for sale!

This home was the former Model when the Villages of Brentwood was built in the mid 1980s. Near the front of the subdivision it sits on a lot that backs to the creek!

The home has 3 bedroom and 2 1/2 baths, a formal living room and formal dining room.

The Den has a fireplace and is open to the spacious kitchen.The kitchen has been updated with granite. There are new windows throughout and updated fixtures, tile in the bathrooms!

The Villages of Brentwood is zoned for the ever so popular Granbery Elementary! Between Nippers' Corner and Nolensville Road, the neighborhood is situated to be easily accessible to all parts of town!

Listed at just $179,900!

Nashville TN Real Estate 

Villages of Brentwood First Half 2011 Market Report

Villages of Brentwood has sold well in 2011 despite the numbers going down this year. Spring of 2010 showed a spike in sales because of the Tax Incentive. Many of the Buyers in this neighborhood are first time homebuyers and qualified for the incentive.

Sales in Villages of Brentwood look like the prices have decreased a good bit, but when you compare the actual Sales Price per Square Foot, the prices only decreased 3%.There is currently one pending sale with a list price of $168,900. There are 8 properties on the Active market, which is just under a 6 month supply. This is a very healthy amount of inventory!

Villages of Brentwood is located in South Nashville in the Nipper's Corner area. It is zoned for Granbery Elementary, which is a popular elementary school in this part of town.

School will be starting in a few weeks and the existing inventory could be partially depleted by then.

Nashville TN Real Estate - Villages of Brentwood

June 2011 Market Report

The Villages of Brentwood has finally turned the corner and gone from a Buyers market to a Sellers market. They still have competition in the surrounding area, but there are fewer homes on the market now than there have been in several years.

The Chart below shows the number of sales in the past quarter, past 6 months and past year. This is called an Absorption Rate chart that clearly shows the activity of the neighborhood.

In Villages of Brentwood, there are currently 3 pending sales, and one of the active listings has a financing contingency on it. Next month it will bump the 3 month sales to 8 with an average of 2.67 sales per month and that will leave a just over 3 month supply of homes.

A stable market has about a 6 month supply of inventory. Anything less is considered an Seller's Market. If you or anyone you know in the neighborhood is considering a move, now is the time to get your home on the market. There is still time to sell before school starts and Buyers want to be in this school district.

Nashville TN Real Estate 

Villages of Brentwood 2011 Detailed Spring Market Report

Closed sales were down in Villages of Brentwood this spring. There were 3 homes pending at the end of the first quarter which would help put the numbers closer to the first quarter in 2010.

The actual numbers are:

Closed Sales First Quarter 2010: 5

Closed Sales First Quarter 2011: 1

Average List Price 2010: $161,029

Average Sales Price 2010: $157,320

Average Sales Price per Square Foot (spsf) 2010: $98.20

The one home that closed the first quarter of 2011 listed for $149,900 and sold for $144,100 or $115.28/sqft.

Larger homes typically sell for less/sqft than a smaller home. The homes that sold last year averaged over 1600 square feet. The home that sold in Spring of 2011 was only 1250 sqft.

The homes that were pending at the end of the month had asking prices that averaged $109.39/sqft. This would indicate that the prices have remained somewhat steady.

There are currently 7 propertys on the market for sale. This would be a healthy number considering the amount of turnover that usually occurs in this neighborhood.

Last spring the Tax Incentive was in place so sales for first time homebuyers would be expected to be higher than in 2011.

Villages of Brentwood is located in South Nashville, just off Old Hickory Boulevard in the Nippers Corner area. It located between Antioch and Brentwood, I-65 and I-24.

It is zoned for Granbery Elementary and Oliver Middle schools.

Nashville TN Real Estate for Sale

5329 Village Way in Villages of Brentwood

Over 2100 square feet for just $184,900!

This beauty has been updated throughout! 4 bedrooms 2 1/2 baths give this home plenty of room for those of you looking for space! A bedroom on the main floor is perfect for those who don't do stairs. The yard is one of the largest in Villages of Brentwood. It's totally fenced and very private. But don't take my word for it, look at the slide show below: 

5329 Village Way is in the Villages of Brentwood in the Nippers Corner area. This neighborhood is very popular because of its location and that it is zoned for Granbery Elementary School. Just minutes to either I-65 or I-24 it's in an ideal place to get to anywhere in the city in a short amount of time.

To schedule a private showing on this property give us a call!

Nashville TN Real Estate - Villages of Brentwood  2010 Sales Report

The Villages of Brentwood had mixed reviews this past year. Sales were up 23% for the year but sales prices fell 6%. The fall quarter sales were down 25% where there had been 8 closings in the last quarter of 2009, there were only 6 in 2010.

The Villages of Brentwood is in Area 1 of the local MLS. If we compare their sales with the area in general, sales were down in Nashville, area 1, by 18% instead of the 23% increase in this neighborhood. The overall sales prices were only down 1/2 of 1% in Nashville compared to the 6% decrease here.

If you remember that in the fall of 2009 Congress had authorized a tax credit for those who purchased first time homes and closed before the end of December. In 2010 the same credit was given in the first 4 months with closings needing to occur by the end of June.

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Villages of Brentwood is located in South Nashville near the Nippers Corner area. It is straight east of Brentwood and half way between I-65 and I-24. Just off Old Hickory Blvd and Edmondson Pike, one has easy access to all parts of the city.

Don't forget to join the Villages of Brentwood Community page on Facebook to keep up with market information and area events. Post your own neighborhood events there!