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Connie Harvey Realtor Nashville TN Real Estate

Brentwood TN Real Estate Market Report September/October 2009

Brentwood TN Real EstateMarket Report September/October 2009Brentwood TN Real Estate

Home Sales in the Brentwood market for 2009 have continued to hold steady with those of the fall of 2008.

While the prices are down, the number of transactions and the days on the market seem to be very similar. In doing the study we first just did ALL sales in Brentwood, Williamson County.

This number included homes in every price range. Normally that's how one would want to see the numbers. But when there are well under 100 transactions, even one number very high or very low will throw off the average and not show a true picture of what is happening in the markets.

Brentwood TN Real Estate has always followed it's own trends. Many of the home sales are the result of families being relocated into or out of the Middle Tennessee area.

That being said, the numbers showed the following for September:

# of homes Sold List Price Sales Price Days on Market Difference
2008 39 $641,312 $606,124 116 -5%
2009 40 774,421 623,054 120 -20%

After looking at the details, we determined that the bulk of the sales are usually under $900,000. By adding in the Million dollar homes, it threw the averages too much. In September of 2008 there were 3 homes sold over 1 million. In 2009, there were 6 properties sold over 1 million. With almost the same number of transactions, the averages did not reflect the general market trends. It does show that Buyers in the Top Priced market are purchasing homes. The following numbers will be more accurate for the general Brentwood population:

September Sales

# of homes Sold List Price Sales Price Days on Market Difference
2008 36 $567,006 $542,395 115 -4%
2009 34 525,936 494,328 110 -6%

October numbers were very similar to September for both years. This time we never put in the over 1 million dollar homes because it through the averages off too much. For example, in October, 3 homes sold for over $2,000,000 and none in the 1 million dollar range.

Brentwood TN Real Estate October Sales

# of homes Sold List Price Sales Price Days on Market Difference
2008 36 $562,205 $537,597 106 -4%
2009 35 519,736 497,147 98 -4%

You can see that the two months are very similar indeed. Where sales were up in general in middle Tennessee by almost 23%, that did not include the upper end price market. The average sales price of the homes sold in Nashville during the months of September and October were under $200,000. As these homes continue to close, we are seeing the market in the $300,000's pick up.

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Connie Harveyis a local agent with Prudential Woodmont Realty, serving home buyers and sellers in Nashville, TN, Brentwood TN, and Franklin TN. Let her help you realize your Real Estate goals.

Connie can be reached at 615-661-7800 x 1300 or at HarveyC@realtracs.

Follow her Blog: Nashville Tennessee Living

Nashville TN Veterans Day Parade

Nashville TN Veterans Day Parade

This morning as I drove into the office I was thinking about going to see the Veterans Day Parade in either downtown Nashville or downtown Franklin.

As I drove along, one of my past clients pulled out of his neighborhood behind me. It was 7:15 and we were both headed to work. He didn't see me, but it gave me pause to think of him and his family. As I pondered giving them a call today to say hello. This song came on the radio. It made me think of this man even more because I remember us praying that he wouldn't be sent to Iraq for a 3rd tour of duty. He owns his own business and his oldest son was leaving for college. It was just so scary for his wife.

Veterans day

Today, let us remember those who have fought for us and for those who continue to fight for our freedom. Happy Veterans' Day!

The Nashville TN Veterans Day Parade starts at 11am on Broadway and 16th Avenue.

The Veterans Day parade in Franklin begins at 11am also in Historic Downtown Franklin

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Connie is a local agent with Prudential Woodmont Realty, serving home buyers and sellers in Nashville, TN, Brentwood TN, and Franklin TN. Let her help you realize your Real Estate goals.

Connie can be reached at 615-661-7800 x 1300 or at HarveyC@realtracs.

Follow her Blog: Nashville Tennessee Living

Nashville TN Real Estate finally picks up!

Nashville TN Real Estate finally picks up! October closings showed a 22.7% increase over October of 2008. This is the first time since October of 2006 that Nashville home sales have had an increase on a year-to-year comparison for any month. October reported 2145 closings for the month, up from the 1748 for October 2008.

Though the year to date closings are still down 18.4%, GNAR reported that inventory is finally down to an 8 month supply. November sales will probably also be up as so many first time home Buyers puchased with November closings trying to beat the original expiration date of November 30th for the tax credit.

Mike Nichols, the current president reported:

“This is undeniable evidence that the $8,000 tax credit has been meaningful in stimulating home sales. There is no question that many of these sales were initiated due to the tax credit and it is certainly our hope that, with the expansion and extension of this tax credit through next spring, we will continue to see positive sales in the area.”

“This is really positive news for the area economy beyond those directly involved in the home sales transactions. Many new homeowners purchase appliances, furniture, floor covering, landscaping, lighting and other household items that help make their new house become their new home.”

Nashville TN Real Estate pending sales at the time of this report were at 2106. That is a 29% increase over the 1504 units pending this time last year, October 2008. Read the full report about the Nashville TN Real Estate market.

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Connie is a local agent with Prudential Woodmont Realty, serving home buyers and sellers in Nashville, TN, Brentwood TN, and Franklin TN. Let her help you realize your Real Estate goals.

Connie can be reached at 615-661-7800 x 1300 or at HarveyC@realtracs.

Follow her Blog: Nashville Tennessee Living

Brentwood TN Realtors Enjoy Halloween and support local Charities!

Brentwood TN Realtors Enjoy Halloween and support local Charities!

Today the office of Prudential Woodmont Realty Group hosted their Chili Cookoff and Halloween Costume contest in the conference room at the Prudential Woodmont Building. Agents were invited to bring their best batch of Chili and to dress up in thier favorite Halloween costume. Some agents did one or the other, some did both!

Prudential Woodmont Chili Cookoff

Agents were asked to bring an item for the Ronald McDonald House. Items included:

Canned soups

Paper Towels

Canned meats like Ravioli, Beef Stew, ect. Cereal

Tuna Fish

Pop Tarts

Hotel soaps, lotions, shampoo

And/or the Tennessee Baptist Childrens' Home by bringing a box of Cereal. True to Cereal for Tenn Baptist Childrens Hometheir nature they stepped up and did all of it. Both of these are charities that the company and agents regularly support.

The Ronald McDonald House is available to the families of patients of the Vanderbilt Children's Hospital. They rely on donations to feed these families.Rosslyn Beard

The Tennessee Baptist Children's Home gets most of their food from Second Harvest. They often do not have the types of cereals that the children like.

Cece Wyant

Denise Williams

Denise Williams was the big winner for the Chili Contest. This blogger can tell you it was certainly her favorite!

All in all, it was a great day. Good food, fun friends and doing good things for the community.

The Childrens home received 24

LARGE boxes of cereal and were delighted!

Bradford Hills/Holt Woods Halloween Parade This Saturday!

Bradford Hills/Holt Woods Halloween Parade This Saturday!

Bradford Hills Nashville TN

Whether you have children or just plan to hand out candy this year, kick off the Trick or Treating by attending the annual Halloween Parade. There will be dozens of children of all sizes and ages in costume and without. This is a great time to see your neighbors and enjoy the kids.

REMINDER

Be safe and keep you children safe.

Please drive extra slowly throughout the neighborhood ALL day on Saturday. Especially in the evening.

Please put some type of reflective clothing on your children after dark.

Do not let small children trick or treat alone.

Have fun this Halloween!

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 is also an Active Homeowner in Holt Woods.

She can be reached at 615-661-7800 x 1300 or HarveyC@realtracs.com.

Follow her Blog, Nashville Tennessee Living.