Franklin TN Real Estate - Chestnut Bend prices starting to rebound!
The number of home sales is down in Chestnut Bend but the prices seem to be recovering. At first glance it appears that they are continuing to fall, but that's just not the case. This is the 3rd quarter sales report showing the figures as to how they compare with the same time period in 2009.
From this chart, it looks like not only are sales down, but prices as well. The two properties that sold do show a lower average price but one of the properties was a foreclosure and shouldn't be used to determine actual market data.
| # homes Sold | List Price | Sales Price | DOM | |
| 2009 | 3 | $458,266 | $444,666 | 82 |
| 2010 | 2 | $449,900 | $417,500 | 106 |
| %Change | -50% | -2% | -6% | 29% |
The other Chestnut Bend property sold for $480k or $132/square foot. The average price/square foot (sqft) in the same time period of 2009 was $124.45/sqft an increase of 6%.
Home Sales in Franklin TN were up 18.5% in the 3rd quarter 2010 over the same quarter in 2009. Prices were up 1%.
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.
Search for Homes in Nashville TN
Search for Homes in Brentwood TN
Connie It is always good news when a subdivision begins to improve - that is good news for Chestnut Bend in Franklin
Karen - This has always been such a popular neighborhood so I'm delighted that the numbers are bouncing back!