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.
| 2008 | 2009 | Percent Change | |
| Average list Price | $507,424 | $463,872 | -9% |
| Average Sales Price | $470,250 | $441,159 | -6% |
| Days on the Market | 120 | 87 | -28% |
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.
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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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Connie
Your market is heading in the right direction.
Good luck and success.
Lou Ludwig
Hey your declining prices are way better than ours! If any of your sellers complain ask them if they want -27-40%! I would take -9% any day so enjoy for me!
You market actually looks UP compared to So Cal...Like Renee says above, 9% drop, thats like Positive Cash Flow...we have less than 50% here...over the past 2 years
A beautiful photo! And I know that consumers in your area appreciate these statistics. GREAT news about the days on market and hopefully a harbinger of better days ahead for real estate in Franklin Tennessee.
Lou - you're exactly right. It does vary by neighborhood, but overall, we're better than most cities.
Renee - most of my clients don't complain too much but then there's.... :)
John - We are so very fortunate here. I keep trying to remind people that it could be worse!
Margaret - I'm getting ready to do another neighborhoor report that has longer days on the market but less drop in price. Go figure!