Lake Providence by Del Webb 2016  Market Report

By
Real Estate Agent with Pilkerton Realtors
http://activerain.com/droplet/4YWf

Lake Providence by Del Webb 2016  Market Report

Lake Providence by Del Webb

The Lake Providence neighborhood in Mount Juliet has seen the number of sales decline this past year compared to those of 2015. Many believe that the number of new people moving to the area has slowed down but that is just not the case.

 

Lake providence home

 

With over 1000 homes, there is not a lot of turnover in this area. Why move when you have everything within walking distances. Clubhouse, indoor and outdoor swimming pools, every type of hobby club you can think of. Homeowners love living in Lake Providence by Del Webb.

 

 

 

 

The following chart shows the  2016 sales in Lake Providence compared to those of the 2015. It also reflects the average listing prices and sales prices.

 

 

 

Year # Sold List Price Sales Price  Days on Market
2015 19 $362,738 $356,238 38
2016 8 $368,975 $360,100 76
% Change -58 2% 1% 100%
       
         
         

 

 When reviewing the sales price/square foot (sp/sqft), the prices have actually increased by 3%. SP/SqFt in 2015 was $179. In 2016 the sp/sqft increased to $184.

Lake Providence by Del Webb

 

There are currently 5 homes for sale with an average asking price of $360,340. One house is under contract with an asking price of $484,500. It is also 2710 square feet which makes it one of the larger homes in the neighborhood.

 

 

Lake Providence was started in 2007 in Mount Juliet Tennessee. Just 9 years later the neighborhood is complete with over 1000 homes.

 

 

Del Webb has located another piece of property in Middle Tennessee. It is in the Maury County side of Spring Hill, TN.

Southern Springs in Spring Hill, is very close to opening. The Models are almost complete.

 

 

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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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