Chenoweth Fall 2011 Market Report
Chenoweth Sales have held steady in the Third Quarter of 2011 compared to those of 2010.
|# of Homes Sold||5||5||0%|
|Average list Price||$561,860||$546,160||-3%|
|Average Sales Price||$537,500||$520,955||-3%|
|Days on the Market||95||82||-14%|
The Average Sales Prices show them down 3% but the actual Price per Square Foot increased 1.5% in the 3rd Quarter compared to the same time in 2010! The Price/Sqft was $122 in 2010 and increased to $123.77 in 2011!
Chenoweth has 5 properties for sale, one with an Inspection Contingency and one Pending Sale.
This leaves less than a 3 month supply of inventory!
If our market continues along this course, we may see real recovery here in Middle Tennessee in 2012!