I found an old blog that I wrote in 2006 with market statistics for
Breckenridge in North Murfreesboro. Breckenridge has always been one of the most popular developments in Murfreesboro because of the convenient location to shopping and dining, zoned all Siegel schools, quick access to I24 and 840, wide streets, large lots, sidewalks, tennis court, and two community pools.
The current housing market has impacted home sales in Murfreesboro and there is no argument that this is a buyer’s market. However, as these statistics from 2006 compared to today show, our market is down but certainly not devastated like in many parts of the country. CNN Money Magazine just selected Murfreesboro TN has ranking 20th in the nation for Most Afforable Housing. Our housing market has always been stable and the slight decrease in value, and longer average days on market, make seller’s more willing to negotiate price and gives buyers a rare opportunity to maximize their investment with lower average sales prices accompanied with historically low interest rates.
YTD - Activity Report Area 21: 06/2006
Avg Closed Price $217,200
% CP to LP 99.30
Avg DOM 40
YTD - Activity Report Area 21: 06/2011
Avg Closed Price 210,300
% CP to LP 93.00
Avg DOM 73
BRECKENRIDGE - Located in AREA 21
AVG FOR 6 MONTHS ENDING April 18, 2006
ACTIVE LISTINGS:
AVG LIST PRICE ACTIVE $548,435
AVG PRICE PER FOOT $110.30
CLOSED SALES
AVERAGE LIST PRICE $461,583
AVERAGE LP per foot $100.32
AVG FOR 6 MONTHS ENDING JULY 18, 2011
ACTIVE LISTINGS:
AVG LIST PRICE ACTIVE 554,888
AVG PRICE PER FOOT $110.51
AVG DOM 55
CLOSED SALES
AVERAGE LIST PRICE $398,600
AVERAGE LP $93.22
AVERAGE DOM 112
If you would like to search the entire MLS for all Murfreesboro TN homes for sale, or homes anywhere in the Middle Tennessee area, please visit my website. If you have a current home in Murfreesboro, Smyrna, Lascassas, Christiana, Rockvale, or the surrounding areas and would like a free current market value for your home please contact me at 615-566-3789. I would be happy to prepare a CMA for you and answer any questions you may have about the current real estate market in Murfreesboro TN.
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