Looking for a Nashville Townhouse or Condo?Learn a few things before you buy
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| Special assessments are over and above the HOA fees which may be to cover the expense of large undertakings by the HOA such as repaving or re-roofing the units. The association may establish these special fees on an as needed basis with approval as required in the by-laws or covenants of the HOA. Look at the overall repair and maintenance of the buildings and grounds. This and the age of the neighborhood will give you an idea if they are collecting enough to keep up on their scheduled maintenance. |
Click the map above to view some of these great listings.
Any First Time Home Buyers looking for Condos or Townhomes in Nashville? The time is running out for the First time Home Buyers Tax Credit, but don't despair. There are still some great buys for first time home owners in these great neighborhoods.You are also entitled to copies of past meeting minutes held by the governing body of the HOA and their fund balances. A healthy general fund with adequate reserves can help you determine if your purchase in the community is a wise investment. |
Brentwood TN homes for sale and some statistics comparing the first 3 quarters of 2008 and 2009 are shown in the charts below. You can see there are 44 properties under contract and ready to close; more are under contract but not moved to pending yet. There appears to be a slight dip between 2008 and 2009. There are still buyers ready to move when the "right house" hits the market at the right price.
| Active 512 Properties Found 1/1/2009 - 9/30/2009 | |||||||
| Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sales Price | Days on Market | |
| MIN | 1,300 | 3 | 1 | 0 | $169,900 | $0 | 0 |
| AVG | 4,874 | 4.39 | 3.71 | 1.11 | $850,520 | $0 | 105 |
| MEDIAN | 4,464 | 4 | 3 | 1 | $679,000 | $0 | 80 |
| MAX | 14,519 | 8 | 8 | 4 | $4,495,000 | $0 | 590 |
| Closed 365 Properties Found | |||||||
| Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sales Price | Days on Market | |
| MIN | 1,632 | 1 | 2 | 0 | $144,900 | $140,500 | 0 |
| AVG | 4,252 | 4.25 | 3.37 | 0.92 | $669,455 | $621,782 | 98 |
| MEDIAN | 4,000 | 4 | 3 | 1 | $549,905 | $532,500 | 78 |
| MAX | 19,935 | 7 | 9 | 4 | $5,920,000 | $5,000,000 | 691 |
| Pending 44 Properties Found | |||||||
| Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sales Price | Days on Market | |
| MIN | 2,200 | 3 | 2 | 0 | $299,000 | $0 | 0 |
| AVG | 4,390 | 4.73 | 3.59 | 1 | $736,844 | $0 | 62 |
| MEDIAN | 4,112 | 5 | 3 | 1 | $577,250 | $0 | 90 |
| MAX | 9,062 | 8 | 6 | 2 | $2,299,000 | $0 | 507 |
| Closed 445 Properties Found - 1/1/2008 - 9/30/2008 | |||||||
| Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sales Price | Days on Market | |
| MIN | 1,392 | 2 | 2 | 0 | $164,500 | $165,700 | 0 |
| AVG | 4,142 | 4.23 | 3.3 | 1 | $678,775 | $653,897 | 87 |
| MEDIAN | 4,061 | 4 | 3 | 1 | $626,105 | $600,000 | 74 |
| MAX | 9,400 | 6 | 7 | 3 | $2,299,000 | $2,199,000 | 386 |
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Franklin TN Homes for Sale and This Month in Real Estate
To better understand how these national trends apply to your local market call your Realtor? If you don't have a Realtor, call me, 615-294-3912. Ask about Franklin, Brentwood, Nashville, Spring Hill or any of the Nashville neighborhoods (Green Hills, Belle Meade, Forest Hills, East Nashville, etc.)
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