Westhaven June Market Report - 2008

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Real Estate Agent with Legacy Development Group, LLC

It appears that the inventory in Westhaven is going down, which is a good thing.  Compare to May, the average number of days on the market for closed homes is lower, which is another good sign.  There were fewer closings in June and the average price per square foot was also lower.  With that being said, it looks as if the prices are slightly dropping and the homes are moving a little quicker.                                                                          

Here is a more detailed breakdown of the numbers compared to May (Compiled from the MLS):

Listings:
Active:  84 (May) - 78 (June) = Down 7.14% (Down in a good way - not staying on the market as long)
Pending: 29 (May) - 23 (June) = Down 20.69%
Closed: 23 (May) - 10 (June) = Down 56.52%

Price Per SQFT (Closed):  187.08 (May) - 183.29 (June) = Down 2.03%
Sales Price:  607,997 (May) - 641,515 (June) = Up 5.51%
- SQFT for closed sales: 3,250 (May) - 3,500 (June) = Up 7.69%
- Since the square footage is higher, the price is higher, that is why the Sales Price is up for June
Days on Market: 88 (May) - 69 (June) = Down 21.59% (Down in a good way - not staying on the market as long)

For more information on Westhaven, or any other community in Franklin, please feel free to contact me at:
Todd Lewis
Legacy Development Group
1226 16th Avenue South
Nashville, TN 37212
615.712.6701 office
615.429.3815 cell
www.toddlewishomes.net

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Rainer
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Todd Lewis
Legacy Development Group, LLC - Nashville, TN

This is for the actual subdivision of Westhaven that's located in Williamson County - Franklin, TN

Jul 15, 2008 06:20 AM #2
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Rainer
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Todd Lewis

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