Del Webb Tennessee Lake Providence 3rd Qtr 2013 Market Report
Sales continue to be strong at Lake Providence by Del Webb! The increase in prices reflect the improved market in the middle Tennessee area and the Mid Western states in general.
Over 50% of the Buyers in the Lake Providence community relocate to Mount Juliet from out of state. A large percentage of them, from the Midwestern states.
# Sales | List Price | Sales Price | # Resales | |
2012 | 121 | $248,921 | $247,922 | 17 |
2013 | 123 | $278,583 | $278,452 | 50 |
% Change | 2% | 12% | 12% | 290% |
The increase in prices indicates that many of the Buyers have sold there homes for more money than in years past. It is a strong showing of this group of Buyers confidence in the real estate industry.
As the Lake Providence community ages, the resale market continues to grow. Del Webb is on it's final 2 phases and the selection of lots decreases as time goes by. This is still a very active community with 12+ sales each month, on average.
Buyers interested in seeing homes in Lake Providence by Del Webb would be well served to hire a local Realtor who knows the area and community. Realtors can provide insight into the area and can also show the Re Sale properties in the Community.
Thankful thought for the day...
Living in Middle Tennessee has so many benefits. There are 4 very distinct seasons and the fall weather is magnificent will crisp blue skies with little or no humidity.
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