Brentwood TN Real Estate - Chestnut Springs 2010 Second Quarter Market Report
Chestnut Springs in Brentwood continues to have solid sales. There were 5 sales the first half of 2010 just as in 2009. One was a foreclosure and sold with multiple offers.
| # Sold | List Price | Sales Price | Days on Market | |
| 2009 | 5 | $304,260 | $294,700 | 174 |
| 2010 | 5 | $288,460 | $273,280 | 65 |
| % Change | 0 | -5% | -7% | -63% |
There are currently 11 properties for sale with 2 of them having inspection contingencies. The average asking price is $309,663. Both listings with contracts on them are priced under $300k. The number of units for sale would indicate a 12 to 13 month supply of inventory. Because sales were down over 20 % in July of this year, we would probably put the supply closer to 15 months.
Chestnut Springs is very popular with young because of its entry level price into the Brentwood market. The neighborhood is zoned for Sunset Elementary, Sunset Middle and Ravenwood High Schools. If the Williamson County school board passes the request to build a eastern county HS, they will probably be rezoned to the new high school.
For those who love to walk, the neighborhood is adjacent to Concord Park. At the end of Northfork Drive, just before entering the Bridgton Park neighborhood, is a playground and an entrance to the walking path that goes through the Park on Concord Road. It also has a very large playground and picnic tables.
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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A great presentation on activity in your market area!
Chestnut Springs in Brentwood is lovely Connie! Your market report is so thorough! You're the first one I've seen give this much info on a subdivision market report. Very well done!
Anthony - Thank you. It's a great little area.
Pamela - Again, thanks. Good luck with the blog brawl!!!