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Brentwood TN Real EstateMarket Report - Spring 2009
Sales of Homes in Brentwood TN were down 35% this spring while the prices decreased only 2%. This has been the norm throughout Middle Tennessee with the exception of price which has been anywhere from a 5% increase to 18% decrease. That being said, 2% is not a lot in this current economy.
The big news in Brentwood is the Inventory amount. In the first half of 2008, 275 homes sold. In the same time period of 2009, only 195 have sold.
There are currently 589 homes for sale. If you could use the 2008 numbers, there would be a 13 month supply. But since those numbers are no longer valid, the true supply should last us at least 18 months! An 18 month supply will only cause the prices to continue to decrease.
The numbers that are really scary are the prices. In 2008 the average sales price was $671,329. In the same time in 2009, the average sales price was $657,425. Not a terrible difference. The current Average ASKING price is $846,057. Hmmm I'm thinking the time on the market is going up.
With prices declining 2%, what are these sellers thinking? Up the price $200000 and they will buy it? This IS Brentwood after all. This Realtor doesn't think so.
Watch for updates on the Brentwood Real Estate Market.
Search for homes in Brentwood TN
Brentwood TN Market Report - 2008
Connie Harvey is a full time Realtor with Prudential Woodmont Realty Group in Brentwood TN. She services both Buyers and Sellers with their Real Estate need in Nashville TN, Franklin TN, Brentwood TN and surrounding areas. She can be reached at 615-661-7800 x 1300 or HarveyC@realtracs.com.
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Brentwood TN Real Estate Market Report for Chestnut Springs - Spring 2009

Sales of Homes in Chestnut Springs have basically doubled this year. There are 5 closed to date and one pending. The time on the market has increased by almost 100 days and the prices are down 7% on average.
What we're seeing is that the lower priced homes have started to move and the upper end continues to sit on the market. The 7% decrease in price is high for Brentwood TN home sales, where the average has stayed below 4%.
| Address | BR | Sq Ft | List Price | SP/SF | Sales Price | Closed | DOM |
| 1525 CHESTNUT SPRINGS | 3 | 2,004 | $319,900 | $154.69 | $310,000 | 1/31/2008 | 21 |
| 1524 GESSHE CT | 3 | 2,004 | $323,000 | $154.69 | $310,000 | 2/29/2008 | 162 |
| 9703 NORTHFORK | 4 | 2,446 | $339,900 | $135.53 | $331,500 | 3/20/2008 | 55 |
| 3.33 | 2,151 | $327,600 | $147.45 | $317,166 | 79 | ||
| Address | BR | Sq Ft | List Price | SP/SF | Sales Price | Closed | DOM |
| 9723 NORTHFORK DR | 3 | 1,893 | $287,000 | $139.99 | $265,000 | 5/19/2009 | 191 |
| 9760 JUPITER FOREST | 4 | 1,981 | $296,500 | $143.87 | $285,000 | 5/22/2009 | 295 |
| 1527 CHESTNUT SPRINGS | 3 | 2,286 | $309,900 | $133.20 | $304,500 | 4/24/2009 | 181 |
| 1511 KEMAH CT | 3 | 2,257 | $310,000 | $136.91 | $309,000 | 4/27/2009 | 140 |
| 9713 NORTHFORK DR | 3 | 2,265 | $317,900 | $136.87 | $310,000 | 3/18/2009 | 64 |
| 3.2 | 2,136 | $304,260 | $137.97 | $294,700 | 174 |
The Nashville TN Real Estate market has begun to pick up in the past few months. First time homebuyers are starting to act on the $8000 Tax Credit being offered. As the lower priced inventory sells, many of those homeowners will be moving up in price. Already we're seeing multiple offers on well priced properties in good condition.
Search for homes in Brentwood TN
Search for homes in Nashville TN
Connie Harvey is a Realtor with Prudential Woodmont Realty Group. She helps Buyers and Sellers with Real Estate in Nashville TN, Brentwood TN, Franklin TN and the surrounding areas.
Contact information:
888-798-7800 x 1300
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Brentwood TN Real Estate Market Report for Raintree Forest 2009
Raintree Forest has seen a dramatic decrease in sales in 2009. The number of closed sales is down 75% over 2008 sales. There have been only 3 closings in 2009. All of those closed in May of this year. There is currently one pending and there are 15 homes for sale.
The average asking price is down to $118.42/SF or $402,633 from the average this time last year of $136.86/SF and $504,865. What we're seeing is that the lower priced homes have started to move and the upper end continues to sit on the market. The 13% decrease in price is high for Brentwood TN home sales, where the average has stayed below 4%.
| Address | Yr Blt | Sq Ft | LP/SF | List Price | SP/SF | Sales Price | Closed |
| 1541 ROSELLA CT | 2001 | 3,208 | $121.54 | $389,900 | $109.10 | $350,000 | 5/12/2009 |
| 9473 FOOTHILLS | 1994 | 3,719 | $107.29 | $399,000 | $98.14 | $365,000 | 5/29/2009 |
| 1533 ROSELLA CT | 2000 | 3,274 | $127.98 | $419,000 | $122.17 | $400,000 | 5/26/2009 |
| Average | 1998 | 3,400 | $118.42 | $402,633 | $109.31 | $371,666 | |
| Median | 2000 | 3,274 | $121.54 | $399,000 | $109.10 | $365,000 |
| Address | Yr Blt | Sq Ft | LP/SF | List Price | SP/SF | Sales Price | Closed |
| 1501 FOREST GARDEN | 1987 | 3,071 | $130.22 | $399,900 | $128.62 | $395,000 | 6/25/2008 |
| 1500 FOREST GARDEN | 1988 | 3,069 | $133.56 | $409,900 | $125.45 | $385,000 | 5/9/2008 |
| 9454 Foothills Dr | 1993 | 3,695 | $120.43 | $445,000 | $120.43 | $445,000 | 3/1/2008 |
| 1506 FOREST GARDEN | 1988 | 3,343 | $134.58 | $449,900 | $132.52 | $443,000 | 5/15/2008 |
| 9415 RAVEN HOLLOW | 1988 | 3,489 | $136.11 | $474,900 | $130.77 | $456,250 | 4/1/2008 |
| 9415 DEERVALE CT | 1992 | 3,702 | $129.63 | $479,900 | $123.99 | $459,000 | 6/30/2008 |
| 1548 LOST HOLLOW DR | 1990 | 3,491 | $140.07 | $489,000 | $137.21 | $479,000 | 4/25/2008 |
| 1539 LOST HOLLOW | 1988 | 4,200 | $118.81 | $499,000 | $115.48 | $485,000 | 3/21/2008 |
| 1564 Lost Hollow | 1992 | 3,455 | $144.69 | $499,900 | $136.03 | $470,000 | 5/16/2008 |
| 9523 Grand Haven Dr. | 2004 | 3,985 | $150.56 | $599,990 | $145.52 | $579,900 | 3/28/2008 |
| 9433 HIGHWOOD HILL | 1996 | 3,967 | $155.03 | $615,000 | $155.03 | $615,000 | 1/2/2008 |
| 1524 BOREAL CT | 2005 | 4,812 | $144.64 | $696,000 | $142.25 | $684,500 | 6/11/2008 |
| Average | 1992 | 3,689 | $136.86 | $504,865 | $133.20 | $491,387 | |
| Median | 1991 | 3,593 | $135.35 | $484,450 | $131.65 | $464,500 |
The Nashville TN Real Estate market has been slow as in other parts of the country but not nearly as dramatic. First time homebuyers are starting to act on the $8000 Tax Credit being offered. As the lower priced inventory sells, many of those homeowners will be moving up in price. Already we're seeing multiple offers on well priced properties in good condition.
Search for homes in Brentwood TN
Search for homes in Nashville TN
Connie Harvey provides Real Estate Services for Home Buyers and Sellers in Nashville TN, Brentwood TN, Franklin TN and surrounding areas.
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