Chestnut Springs 2011 6 Month Market Report
Chestnut Springs has seen activity the first 6 months of 2011 very similar to the same time in 2010. Many areas saw a decrease in sales, due to, one assumes, the lack of the Tax Incentive.
| # Sold | List Price | Sales Price | DOM | |
| 2010 | 5 | $295,975 | $276,850 | 65 |
| 2011 | 4 | $303,425 | $297,362 | 91 |
| % Change | -20% | 3% | 7% | 40% |
Chestnut Springs had 5 sales in 2010 and 4 sales in 2011. Very little difference even though the chart shows them down by 20%.
What's more remarkable is that the prices in Chestnut Springs actually went up! Of the 5 sales in 2010, one was a foreclosure. We've eliminated that sale in determining the average list and sales prices.
Chestnut Springs has only 3 homes on the market at this time which would be a 10 month supply. That could change quickly as families make decisions to move before school starts in August.
The Brentwood TN Real Estate market showed much less signs of improvement. Sales were only down 1%. Prices were down less than 1%.
The Nashville TN Real Estate Market and that of the entire Middle TN Real Estate market had numbers off 11% from 2010 and prices down as much as 5%.
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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