villages of brentwood market report: Villages of Brentwood 2016 Market Report - 01/25/17 01:18 PM
Villages of Brentwood 2016 Market Report
 
 
Villages of Brentwood had another strong year of sales in 2016. The prior year, 2015 saw sales jump from 25 to 43, a 72% increase. Prices are up and days on the market (DOM) are down.
 
 
 
Home sales usually fluctuate from year to year in this Neighborhood. We found that in both 2015 and 2016 over 62% of the sales for the year occurred in the second half of the year. In most markets, the bulk of the sales occur in the Spring months. Not so here.
The Villages of Brentwood is often considered a great neighborhood for first time homeowners. The  … (3 comments)

villages of brentwood market report: Villages of Brentwood Spring 2014 Market Report - 05/15/14 05:32 AM
Villages of Brentwood Spring 2014 Market Report
 
 
Villages of Brentwood had a modest increase in sales this spring. Sales prices appear to be up considerably but that is mainly due to the larger sized homes selling this spring. The average size home in 2013 was 1383. This spring the average sold was 1825.
 
 
 
 
Home sales fluctuate from year to year in this Neighborhood. This is often considered a great neighborhood for first time homeowners.
 
The Villages of Brentwood homes are priced just below the Nashville areas average sales price. Though modestly priced, they are located in … (4 comments)

villages of brentwood market report: Villages of Brentwood 2013 Market Report - 01/15/14 06:36 AM
Villages of Brentwood 2013 Market Report

 
Villages of Brentwood saw the largest increase in sales that we've seen in any area of middle Tennessee. New Construction has been the market to beat in 2013 and they've certainly passed them! 
 
 
Home sales fluctuate from year to year in this Neighborhood. This is often considered a great neighborhood for first time homeowners.
The Villages of Brentwood homes are priced just below the Nashville areas average sales price. Though modestly priced, they are located in the Granbery elementary school district. This is one of the most popular elementary schools … (2 comments)

villages of brentwood market report: Villages of Brentwood Third Quarter 2013 Market Report - 11/04/13 04:44 AM
Villages of Brentwood Third Quarter 2013 Market Report

Following the good news in the Nashville TN Real Estate market, Villages of Brentwood have also seen the sales and prices increase in this period, compared to the same period in 2012.
 
 
Days on the Market (DOM) are down. With less inventory than back before the melt down, it's quickly becoming a Seller's Market. There are currently 7 Active listings, of which 2 have inspection contingencies. That leaves a less than 3 month supply of homes for sale.
Foreclosures in the Villages of Brentwood are down too. Something … (4 comments)

villages of brentwood market report: Villages of Brentwood First Quarter 2013 Market Report - 05/07/13 05:08 AM
Villages of Brentwood First Quarter 2013 Market Report

 
The Villages of Brentwood started off 2013 with a steady increase over the same period as in 2011. Sales up slightly and prices up too.
 
 
The remarkable thing we're seeing is how much the market has picked up since the beginning of April. There have already been 4 closings since the first of April, there is currently one sale Pending, and of the 4 properties on the Active Report, 2 have contingencies on them.
We think Buyers are finally responding to the improved economy and are ready to get off … (4 comments)

villages of brentwood market report: Villages of Brentwood 2012 Market Report - 01/20/13 01:09 AM
Villages of Brentwood 2012 Market Report

Villages of Brentwood sales held steady throughout 2012. They had their share of foreclosures so we've done two charts to show sales and price results both with and without the foreclosures.
This chart shows the 2011 vs 2012 comparison with ALL sales included:
An interesting note is that with or without the foreclosures, the prices seem to have increased dramatically.
Closer look shows that there were 3 homes that closed at over $200,000 in 2012 while the highest price received in 2011 was only $180,000.
But the average sales price … (3 comments)

villages of brentwood market report: Villages of Brentwood 3rd Quarter Market Report 2012 - 11/17/12 08:27 PM
Villages of Brentwood
3rd Quarter Market Report 2012

The Villages of Brentwood neighborhood has seen very nice increases in both the number of sales and the sales prices.
The number of Active Listings is down to 5, leaving a less than 3 month supply.
The Villages of Brentwood is nestled between Edmondson Pike and Nolensville Road, in he Nippers Corner area.  This neighborhood is in an ideal location with 3 grocery stores, restaurants and other locally owned businesses just in the Nippers Corner area. Over on Nolensville Road there is that much and more.
I-65 and I-24 are … (1 comments)

villages of brentwood market report: Villages of Brentwood Spring 2012 Market Report - 07/06/12 04:36 AM
Villages of Brentwood Spring 2012 Market Report

The Villages of Brentwood numbers in Real Estate are ALL going in the right direction. Sales and prices are headed up and days on the market are headed down! The average sales price is below the average home price in Nashville of $182,000.  This is a very affordable neighborhood in a great part of Nashville!
There are only 6 homes available for sale in Villages of Brentwood, which is not quite a 4 month supply. Anything under a 6 month supply of inventory is considered a Seller's Market. Those people looking for affordable … (2 comments)

villages of brentwood market report: Nashville TN Real Estate Villages of Brentwood 1st Quarter 2012 - 04/02/12 05:59 AM
Nashville TN Real Estate
Villages of Brentwood 1st Quarter 2012

Sales are up in Villages of Brentwood in 2012! There is another house pending and 2 of the active listings have contingencies on them.
 
 
The prices are a little deceiving. The two homes that sold in 2011 averaged 1203 square feet or $120/square foot. The homes sold in 2012 averaged 1600 square feet with a sales price of $91/square foot. Of the 4, the smallest home sold for $122/square foot. As the size of the home increases, the price per square foot usually decreases.
We … (2 comments)

villages of brentwood market report: Nashville TN Real Estate - Villages of Brentwood 2011 Market Report - 01/17/12 09:52 AM
Nashville TN Real Estate
Villages of Brentwood 2011 Market Report

Villages of Brentwood did not perform as well in 2011 as it did in 2010. Sales were off 47% compared to an 18% increase in Nashville overall.
 
There's no particular reason for this decline in the number of sales. These things just happen sometimes. Prices There are only 4 homes on the market so there is very low inventory. Those coming on the market in the next few weeks should sell quickly.
This is a very easy price point for this part of town. The … (10 comments)

villages of brentwood market report: Nashville TN Real Estate - Villages of Brentwood October/November 2011 Market Report - 12/28/11 08:45 AM
Nashville TN Real Estate 
Villages of Brentwood October/November 2011 Market Report

The sales in Villages of Brentwood more than doubled in October and November, compared to the number of homes sold in 2010. Only 2 homes sold in the two month period in 2010 and 5 homes closed in the same period this year.
The Days on the market dropped from 107 days to only 70.
The average sales price on the 2 homes sold in 2010 was $184,450. The average of those sold in 2011 was only $148,660. However the Average Sales Price per Square Foot … (2 comments)

villages of brentwood market report: Nashville TN Real Estate - Villages of Brentwood Third Quarter 2011 Market Report - 10/28/11 08:54 AM
Nashville TN Real Estate  Villages of Brentwood Third Quarter 2011 Market Report

Sales in Villages of Brentwood continue to float up and down from month to month, quarter to quarter. This fall appears to be slower than last fall by a large amount, but over all Year to Date sales are only down 50% and there is a pending and 3 of the active have contingencies on them. Not a terrible sign.
 
 
Prices have started to inch up a bit. And inventory continues to fall. With the contingent sales removed from the active listings, that leaves only … (1 comments)

villages of brentwood market report: Nashville TN Real Estate - Villages of Brentwood 2011 Detailed Fall Market Report - 10/05/11 06:32 AM
Nashville TN Real Estate 
Villages of Brentwood 2011 Detailed Fall Market Report

This report covers the first 3 quarters of 2011 compared to the same time period of 2010. The numbers should not be alarming since there was no tax incentive this year.
 
Many people bought houses just because of the Tax Incentive. Some  were not sure if they were ready or not last year but took the plunge anyway. That drove the numbers up dramatically.
There are currently 10 homes on the market with an average asking price of $158,165. Two of these have home … (3 comments)

villages of brentwood market report: Nashville TN Real Estate - Villages of Brentwood First Half 2011 Market Report - 07/20/11 08:56 AM
Nashville TN Real Estate 
Villages of Brentwood First Half 2011 Market Report

Villages of Brentwood has sold well in 2011 despite the numbers going down this year. Spring of 2010 showed a spike in sales because of the Tax Incentive. Many of the Buyers in this neighborhood are first time homebuyers and qualified for the incentive.
 
Sales in Villages of Brentwood look like the prices have decreased a good bit, but when you compare the actual Sales Price per Square Foot, the prices only decreased 3%.There is currently one pending sale with a list price of … (2 comments)

villages of brentwood market report: Nashville TN Real Estate - Villages of Brentwood June 2011 Market Report - 06/21/11 07:29 AM
Nashville TN Real Estate - Villages of Brentwood

June 2011 Market Report

The Villages of Brentwood has finally turned the corner and gone from a Buyers market to a Sellers market. They still have competition in the surrounding area, but there are fewer homes on the market now than there have been in several years.
The Chart below shows the number of sales in the past quarter, past 6 months and past year. This is called an Absorption Rate chart that clearly shows the activity of the neighborhood.
 
 
In Villages of Brentwood, there … (4 comments)

villages of brentwood market report: Nashville TN Real Estate - Villages of Brentwood 2011 Detailed Spring Market Report - 05/17/11 11:02 AM
Nashville TN Real Estate 
Villages of Brentwood 2011 Detailed Spring Market Report

Closed sales were down in Villages of Brentwood this spring. There were 3 homes pending at the end of the first quarter which would help put the numbers closer to the first quarter in 2010.
The actual numbers are:
Closed Sales First Quarter 2010: 5
Closed Sales First Quarter 2011: 1
Average List Price 2010: $161,029
Average Sales Price 2010: $157,320
Average Sales Price per Square Foot (spsf) 2010: $98.20
The one home that closed the first quarter of 2011 … (3 comments)

villages of brentwood market report: Nashville TN Real Estate - Villages of Brentwood 2010 Sales Report - 01/07/11 07:43 AM
Nashville TN Real Estate - Villages of Brentwood  2010 Sales Report

The Villages of Brentwood had mixed reviews this past year. Sales were up 23% for the year but sales prices fell 6%. The fall quarter sales were down 25% where there had been 8 closings in the last quarter of 2009, there were only 6 in 2010.
 
The Villages of Brentwood is in Area 1 of the local MLS. If we compare their sales with the area in general, sales were down in Nashville, area 1, by 18% instead of the 23% increase in this neighborhood. The … (1 comments)

villages of brentwood market report: Nashville TN Real Estate - Villages of Brentwood Third Quarter 2010 Sales Report - 11/17/10 07:52 AM
Nashville TN Real Estate - Villages of Brentwood Third Quarter 2010 Sales Report

The Villages of Brentwood have seen steady sales year after year. Considered a first time home buyers neighborhood, the prices often bounce around a lot.
 

 
 
Here we see the number of sales down just 10% and prices appear to have gone down 4%. The reality is that the price/square foot actually INCREASED from an average of $99/sqft in 2009 to just over $104/sqft in the same time period of 2010. That's a 5% increase.
The Greater Nashville Association of Realtors recently published that … (0 comments)

villages of brentwood market report: Nashville TN Real Estate - Villages of Brentwood First 6 Months of 2010 Sales Report - 07/09/10 09:02 AM
Nashville TN Real Estate - Villages of Brentwood First 6 Months of 2010 Sales Report
Villages of Brentwood saw a remarkable increase in sales this spring. With overall sales up 78% over 2009, one would think the recession was a thing of the past! We're sure that the first time homebuyers tax credit helped a lot. The following shows the total transactions for the First 6 Months and then just the 2nd Quarter sales.

 
 
The average sales price was down 4% but if you remove the bottom two that were foreclosures, the average would only be down just … (5 comments)

villages of brentwood market report: Nashville TN Real Estate - Villages of Brentwood First Quarter 2010 Sales Report - 05/04/10 05:01 AM
Nashville TN Real Estate - Villages of Brentwood First Quarter 2010 Sales Report

Villages of Brentwood is a prime example of a neighborhood that benefited from the First Time Homebuyers Tax Credit. Sales were up 450% for the first quarter of 2010.
With 2 more homes Pending and 4 of the 21 active with contingencies, the second quarter should have similar results.
The Nashville TN Real Estate Market was up 11% during the same time frame with prices down just over 3%. Unfortunately, the sales were up in the Villages but prices were down closer to 11%. Some of that … (0 comments)

 
Connie Harvey, Realtor - Nashville TN Real Estate (Pilkerton Realtors)

Connie Harvey

Realtor - Nashville TN Real Estate

Brentwood, TN

More about me…

Pilkerton Realtors

Address: 2 Cadillac Drive, Brentwood, TN, 37027

Office: (615) 371-2474

Fax: (615) 371-2475

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