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Brentwood TN Real EstateMarket Report September/October 2009

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:

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

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

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.

Now is the time to buy in The Governors Club in Brentwood, TN. There are over 30 homes for sale in this prestigious 350 home gated community in Brentwood, TN. If you are really looking for a deal, there are four short sales and one foreclosure in The Governors Club in Brentwood, TN. Homes in The Governors Club range from $699,000 to $4.2 million. Please contact me at my website, dorismarlow.com, e-mail dorismarlow@comcast.net, or phone 615-330-7716. Since I live in The Governors Club in Brentwood, TN, I know every home and the history of its sales. The Governors Club in Brentwood, TN has an 18 hole Arnold Palmer golf course, clubhouse with swimming pool, and a workout facility. The Governors Club is approximately 20 miles from downtown Nashville and is zoned for Williamson County School System. Have a great day, and i look forward to hearing from you.

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.

Saturday is the 7th Annual Run4Kids fundraiser for the Tennessee Baptist Children’s Home in Brentwood TN.

This is a FUN 5K Run/Walk.

The course winds through the campus and out into a neighboring subdivision. It's mostlly level with a couple of slight inclines. There is a shorter 1 mile run for the kids (9 and under) and a 100 yard dash for kids 4 and under. There will be lots of food, prizes and fun things to do for the whole family.

The run takes place at the Campus at 1310 Franklin Road in Brentwood TN. The 5K starts at 7:30am. The children’s runs start at 8:30. Pick up your shirts in the Gym on Friday afternoon between Noon and 6pm.

The nice thing about this event is that 100% of the money goes to the Tennesse Baptist Children's Home.

Register on-line at www.TNRun4kids.com.

Read my Blog Nashville Tennessee Living

About the Author:

Connie Harvey is a full time Realtor with Prudential Woodmont Realty Group. She works with Buyer and Sellers in the Nashville TN, Brentwood TN and Franklin TN areas.

Search for Homes in Brentwood TN

Contact information:

615-661-7800 x 1300

HarveyC@Realtracs.com

Brentwood TN Real Estate Marketing Report - First Quarter 2009

Brentwood TN Homes have been selling well even in this down market. The number of closed sales for the 1st quarter of 2009 was down 37% from 2008 or 74 from 117. There are however 40 pending transactions that could help to pull the actual numbers up next quarter.

Since the change in administrations in Washington and the beginning of the spending of the stimulus package, activity, including sales has really picked up. As Buyer confidence increases, the industry will continue to see more of a bounce back.

In 2008, the average sales price was $673,490 with homes receiving 97% of the asking price. For the first quarter of 2009, the average sales price was $671,434 is much less than 1%. However the price received as a percentage of the asking price was reduced to 95%. This reflects the attitude of the current Buyers. This is a Buyers’ market and buyers are demanding that Sellers take less than they desire.

Search for Homes in Brentwood TN

Brentwood TN Real Estate Market Report 2008

Nashville TN Real Estate 1st Quarter 2009 Market Report

Franklin TN Real Estate 1st Quarter 2009 Market Report

Prepared by Connie Harvey, CRS, with Prudential Woodmont Realty Group. Contact me for more information on any of these areas at HarveyC@realtracs.com or 615-661-7800 x 1300.