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Villages of Brentwood Sales of Homes in Nashville TN - Market trends for Spring 2009

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Real Estate Agent with Pilkerton Realtors

 

Villages of Brentwood Sales of Homes in Nashville TN - Market trends for Spring 2009

Villages of Brentwood

Home sales are just barely down in the Villages of Brentwood this year. Prices have also remained very close to their levels of 2008. The bigger difference that you'll see is that the smaller and thus lower priced homes are the ones selling right now. What that means is where you see the AVERAGE sales price is down from $181,230 to $168,818 which looks like a lot. The actual price per square foot is actually up a Dollar!

Homes in Villages of Brentwood will qualify for the $8000 First time Home Buyers Tax Incentive. Read more about how to get the $8000 Tax Incentive at the link above.

Address BR Yr Blt Gar Sq Ft List Price SP/SF Sales Price Closed DOM
5501 VILLAGE WAY 3 1984   1,294 $129,900 $96.52 $124,900 4/16/2009 106
5113 ENGLISH VILLAGE  3 1989 1 1,215 $159,350 $130.86 $159,000 4/30/2009 25
5116 VILLAGE WAY 3 1987 2 1,312 $164,900 $124.24 $163,000 1/30/2009 59
5520 FAIRHAVEN DR 3 1988 2 1,626 $172,000 $106.24 $172,750 4/28/2009 205
5328 Village Way 5 1984 2 1,760 $174,900 $99.38 $174,900 5/18/2009 94
5420 HUNTERS RDG 3 1987 2 1,624 $179,900 $110.22 $179,000 6/19/2009 41
5105 ENGLISH VLG 3 1993 1 1,703 $194,900 $110.98 $189,000 3/9/2009 124
    AVERAGE
3.25 1989 1.7 1,543 $170,718 $109.41 $168,818   101

There are currently 2 homes pending to close by the end of June which will mean that there is just one less closed transaction compared to last year in the same time period.

Address BR Yr Blt Gar Sq Ft List Price SP/SF Sales Price Closed DOM
5316 HUNTERS RDG 3 1986 0 1,128 $149,900 $132.00 $148,900 3/14/2008 38
5204 CARDIFF DR 3 1985 2 1,321 $171,000 $126.42 $167,000 6/13/2008 54
5260 VILLAGE TRACE 3 1990 1 1,428 $179,900 $123.25 $176,000 2/25/2008 92
5304 VILLAGE WAY 3 1985 2 1,686 $181,500 $106.76 $180,000 6/5/2008 48
5325 HUNTERS RIDGE 3 1986 2 1,612 $185,000 $114.76 $185,000 6/30/2008 35
5012 ENGLISH VILLAGE  3 1986 2 1,852 $194,000 $99.35 $184,000 6/9/2008 62
5344 VILLAGE WAY 3 1991 2 1,694 $196,500 $112.16 $190,000 5/25/2008 136
5213 VILLAGE TRCE 3 1991 2 1,684 $199,900 $111.64 $188,000 4/29/2008 238
605 VILLAGE TRACE  3 1990 2 2,316 $199,900 $86.31 $199,900 5/9/2008 69
5224 VILLAGE TRACE 3 1991 0 2,006 $204,900 $96.46 $193,500 4/28/2008 219

    AVERAGE

3 1988 1.5 1,672 $186,250 $108.39

$181,230

99                

The Nashville Real Estate market has seen and over 30% decrease in the number of closed home sales this year and a decrease in price of just over 8%. Using these numbers, one can see that the value of this neighborhood done very well.

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Connie Harvey is a full time Realtor with Prudential Woodmont Realty Group in Brentwood TN. She services both Buyers and Sellers with their Real Estate need in Nashville TN, Franklin TN, Brentwood TN and surrounding areas. She can be reached at 615-661-7800 x 1300 or HarveyC@realtracs.com.

                   
                   
                   
                   
                   
                   
                   
                   
                   
                   
                   
                   
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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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Comments (3)

Thom Abbott
MyMidtownMojo.com |770.713.1505 | Intown Atlanta GA Condo Living - Atlanta, GA
Midtown Atlanta GA Condos For Sale

I like the sounds of this report! I just pulled our May numbers for doing some posts....there is one category....are you ready....we have a 62 MONTH SUPPLY!!! Yep, that's right! 5 years worth at the current sales pace.....

I hope the developers read these reports before they start building again!

A bunch of my friends were in Nashville this weekend...wish we could of come with and said hello!

Jun 22, 2009 01:37 PM
Lee & Pamela St. Peter
Berkshire Hathaway HomeServices YSU Realty: (919) 645-2522 - Raleigh, NC
Making Connections to Success in Real Estate

Connie, great market report!  Your DOM being around 3 months is awesome!  You've inspired me to get working on our numbers here in Raleigh!

Jun 23, 2009 06:41 AM
Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

Thom - our supply has gone down a lot in the past few months. Prices still are declining in most areas too. This just happens to be a very affordable neighborhood in an excellent school district.

Pam - I have several more to do. It's such great information.

Jun 23, 2009 08:30 AM