Franklin TN Real Estate - Chestnut Bend 2010 Second Quarter Market Report
Chestnut Bend's sales are down for the year but those properties that did close are up 4% in their sales price per square foot. The following chart shows the average list prices and sales prices:
| # Sold | List Price | Sales Price | Days on Market | |
| 2009 | 8 | $465,975 | $439,843 | 88 |
| 2010 | 4 | $455,225 | $435,000 | 28 |
| % Change | -50% | -2% | -1% | -68% |
The bigger difference is the properties that sold. All of the homes that sold in 2010 were between 3100 and 3600 square feet. Those that sold in 2009 averaged 3972sqft with the price/square foot ranging from $87.45/sqft to a high of $131.85/sqft.
There are currently 5 homes on the market with an average asking price of $486,320 or $128/sqft. There is one pending with an asking price of $409,900 or $114.56/sqft.
Chestnut Bend is situated behind Franklin High School and almost across the street from the Kroger, and less than a mile to downtown Franklin. There are walking trails and a community pool. The walking trails connect over to the CVS on Hillsboro Road and the Community College and Maggie's Dog Park at the other end.
Franklin TN Real Estate sales were up 32% in 2010 over the same period in 2009. The average sales price fell 7% with days on the market also falling 7% to 88. The maximum sales price in 2009 was $2,300,000 with almost 12000 square feet. 3 properties sold over $3,000,000 in 2010 the largest being the famous Alan Jackson farm at $28,000,000.
Franklin TN is often listed in the top 10 small towns in the United States as places to live with a good quality of life. It is certainly popular in Middle Tennessee. Last Week the Williamson County fair ended with the number of attendees up over 20%. This was remarkable because of the hotter than normal weather.
Chestnut Bend 2010 Spring Market Report
Chestnut Bend 2009 Market Report, the year in review.
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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WOW! Definitely some big changes from 2009-2010 in Chestnut Bend. It is kind of nice to see prices not drop TOO much to spur the activity.
Renee - Chestnut Bend is such a popular neighborhood and it backs up to the high school.
I think market reports are SOOOO important! Great job!
Eleanor - Thank you! I wish I could come to REBarCamp next month!