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Brentwood TN Real Estate Market Report - Spring 2009

06-23-09
Connie Harvey Realtor Nashville Tennessee Homes
Connie Harvey Realtor Nashville Tennessee Homes: Real Estate Agent in Brentwood, TN
  • view my blog
  • Office: (615) 661-7800 x1300
  • Secondary: (888) 798-7800

Brentwood TN Real EstateMarket Report - Spring 2009Brentwood TN

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 But since those numbers are no longer valid, the true supply should last us at least 18 months!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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(Not So) - Speechless Sunday

06-21-09
Michael Thornton - Nashville, TN area Home Inspector
Michael Thornton - Nashville, TN area Home Inspector: Inspector in Brentwood, TN
  • view my blog
  • Office: (615) 661-0297
  • Mobile: (615) 473-8803
It never ceases to amaze me what I see at the pond behind the house during these dog days of summer. Although rare to see them at the pond, and not as photogenic as other birds, these turkey vultures are a necessary part of the food cycle...

michael thornton


Y'all have a G-r-r-r-reat Sunday... ;-)

If you or someone you know is purchasing or listing a home in Brentwood, Franklin, Nashville, Spring Hill or Thompson's Station in the Davidson or Williamson county area of Middle Tennessee and would like more information about getting a CERTIFIED pre-listingor home inspection, give us a call at 615.661.0297. You can visit us online at www.completehomeinspectionsonline.com - Check out our monthly newletter
Your building consultants for life...

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You can follow me on FaceBook too...

© 2009 michael thornton | complete home inspections, inc. | brentwood, tn | 615.661.0297 | www.completehomeinspectionsonline.com

Helping You Live YOUR American Dream...

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But It Still Works...

06-20-09
Michael Thornton - Nashville, TN area Home Inspector
Michael Thornton - Nashville, TN area Home Inspector: Inspector in Brentwood, TN
  • view my blog
  • Office: (615) 661-0297
  • Mobile: (615) 473-8803
From time to time I get calls from folks that are selling their properties about items that have been discovered during the inspection. I would have to say that this is especially true on properties that have been rehabbed. For the sake of profitability, it is not unusual for rehabbers to "make do" with what they have or has been installed. This seem especially true of HVAC systems.

complete home inspections brentwood tnTo make a short story long, I received a call from a rehabber giving me a royal chewing because I stated that the HVAC system was too small for the property. He complained that this was the unit that was installed when he purchased the property and it works just fine.

Well although that is true, the rehabber converted the basement, thereby adding an additional 1500 square feet that the unit has to condition. Bear in mind that the "rule of thumb" guideline that inspectors need to use for cooling is approximately 650 square feet per ton of unit.

The science behind this is that the first task for a cooling system is to dehumidify the air and then to condition it. If the unit is too big, then it will not adequately dehumidify although it will certainly cool the air. This can lead to water condensation and water stains on the ceiling. If the unit is too small, it will not do a good job of either, and the unit will have to continuously run just to conditioning the air.

As I explained to the rehabber, "Yes, you can take the engine out of a Corolla and put it in your Hummer. It will work, but there just might be something lacking in the performance." The same holds true for using a 3-1/2 ton unit to condition a 3700 square foot house. It will work, but...

Y'all have a G-r-r-r-reat day... ;-)

If you or someone you know is purchasing or listing a home in Brentwood, Franklin, Nashville, Spring Hill or Thompson's Station in the Davidson or Williamson county area of Middle Tennessee and would like more information about getting a CERTIFIED pre-listingor home inspection, give us a call at 615.661.0297. You can visit us online at www.completehomeinspectionsonline.com - Check out our monthly newletter
Your building consultants for life...

Follow me on Twitter...

By TwitterButtons.com
You can follow me on FaceBook too...

© 2009 michael thornton | complete home inspections, inc. | brentwood, tn | 615.661.0297 | www.completehomeinspectionsonline.com

Helping YOU Help Others Live THEIR American Dream...

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Brentwood TN Real Estate Market Report for Chestnut Springs - Spring 2009

06-19-09
Connie Harvey Realtor Nashville Tennessee Homes
Connie Harvey Realtor Nashville Tennessee Homes: Real Estate Agent in Brentwood, TN
  • view my blog
  • Office: (615) 661-7800 x1300
  • Secondary: (888) 798-7800

Brentwood TN Real Estate Market Report for Chestnut Springs - Spring 2009

Chestnut Springs Brentwood TN

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

HarveyC@realtracs.com

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Brentwood TN Real Estate Market Report for Raintree Forest

06-19-09
Connie Harvey Realtor Nashville Tennessee Homes
Connie Harvey Realtor Nashville Tennessee Homes: Real Estate Agent in Brentwood, TN
  • view my blog
  • Office: (615) 661-7800 x1300
  • Secondary: (888) 798-7800

Raintree Forest

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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