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Brentwood TN Real Estate - Hearthstone 2009 Year End Market Report

Brentwood TN Real Estate - Hearthstone 2009 Year End Market Report

Hearthstone

Hearthstone is probably one of the few neighborhoods in the Nashville area that actually saw their average sales price INCREASE. That tells you a lot about a neighborhood. Tough it's listed as a Brentwood subdivision, and they do have a Brentwood mailing address, it is actually in Davidson County and zoned for Metro Public Schools.

Year Number of Homes Sold Average List Price Average Sales Price Difference
2008 11 $335,363 $317,318 95%
2009 4 $347,425 $328,406 95%
Difference -63% 4% 3% 0%

 

The number of homes sold is down dramatically from 2008 but with the slight increase in price, this should worry you none. Most of these homes were built in the mid to late 80's. At the time they filled a huge need for this area. All brick with somewhat larger yards, mature trees, and just a couple of miles to I-65.

The Brentwood TN Real Estate market, like it's neighbor Nashville saw prices decrease between 8 and 10% in 2009. Sales in general increased three months in a row with volume up 13% in December, almost 58% in November and 63% in October. It's too early to predict that we are in recovery, but the numbers are looking good.

The Tennessean reported last week that according to GNAR, the local Board of Realtors, that the prices seem to have stabilized. Stabilized or not, confidence appears to be up. With 2 of the 4 sales occuring in November and December, one could assume that it was the result of the First Time Home Buyers Credit.

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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.

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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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Comment balloon 2 commentsConnie Harvey • January 22 2010 09:04AM

Comments

Hi Connie, this is great news!  Love to see prices going up.

Posted by Ann Allen Hoover, CDPE SRES ASP e-PRO Realtor - Homes for Sale - AL (RE/MAX Advantage South) over 10 years ago

Love to see this kind of news Connie. The times certainly look like they are improving.

Posted by Franklin & Brentwood, TN Homes Mike Nastri, It matters to us as much as it matters to you. (Keller Williams Realty) over 10 years ago

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