Brentwood TN Real Estate - Chestnut Springs 2010 Third Quarter Market Report
Chestnut Springs had seen sales increase 50% this year. In 2009, only 6 homes had sold by this time where 9 properties have already closed in 2010. The numbers below show the average sales prices. Since only one property closed during this period in 2009, it's hard to say what the average might have been. If you take the price/square foot, the 2009 property sold at $135/sqft where the 2010 properties sold at almost $133/sqft or less than 2% less than the prior year.
| # homes Sold | List Price | Sales Price | DOM | |
| 2009 | 1 | $319,000 | $309,000 | 179 |
| 2010 | 4 | $294,800 | $287,333 | 69 |
| %Change | 400% | -7% | -7% | -61% |
The Chestnut Springs Sales chart shows four sales in the third quarter of 2010 but the average list and sales prices reflect only 3 of those sales. The other was a foreclosure and would have changed the numbers a good bit. These numbers give you a clear picture of the actual sales.
There are 2 active listings and they both have contingent contracts on them. With no competition, this would be a great time to consider putting your home on the market.
Brentwood home sales in general were up 10% with sales prices down 4%. Compared with GNAR - the Greater Nashville Area, where sales decreased by almost 30% but prices increased by 8%. This just reminds you that all real estate is Local!
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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