Brentwood TN Real Estate - Chenoweth 2010 Market Report
Chenoweth posted remarkable numbers in 2010. We've been reporting sales down up to 30% in most areas of middle Tennessee. Chenoweth on the other hand showed a 150% increase in sales over 2009. Sales were not just up but prices were up too, even if just modestly!
| # of Homes Sold | List Price | Sales Price | Days on Market | |
| 2009 | 6 | $541,450 | $523,916 | 60 |
| 2010 | 15 | $557,326 | $533,686 | 94 |
| %Difference | 150% | 3% | 2% | 56% |
Brentwood also saw, in general, sales up but only 24%. Not that 24% is bad.
Since we post the Listing and Sales Prices as average, the report on Brentwood would show that the average Asking Price decreased from $682,308 to $611,785 and the average Sales Price dropped from $634,240 to $582,118. On closer look, one sees that of the 483 properties that sold in 2009, the maximum size was 19,935 square feet with a highest sales price of $5,000,000. Compare that to the Maximum size in 2010 out of 599 properties sold was only 13,408 square feet or 33% less.
If we look at the Median Prices, 2009 had a Median Asking Price of $549,905 and Selling Price of $533,000. In 2010 the Median Asking Price was $549,905 and Selling Price of $530,000. Looks like the Median Prices are stable.
The Median Price is the point where half of the prices are above this number and half are below.
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Chenoweth 1st Quarter Market Report
Chenoweth 2nd Quarter Market Report
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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Connie, this is good to hear! How many homes are in Chenoweth?
Hi Ann - There are just over 300 homes in Chenoweth. It's a beautiful neighborhood.