About Brentwood's Chestnut Springs

Brentwood TN Real Estate

Chestnut Springs 2011 Market Report

Nashville TN Real Estate is experiencing a rise in home sales. Brentwood is no different. All of the area is still experiencing different amounts of decreases in sales prices.

	2010	2011	Percent Change
# of Homes Sold	11	8	-27%
Average list Price	$287,045	$296,662	3%
Average Sales Price	$274,354	$287,310	5%
Days on the Market	68	113	66%

Chestnut Springs is seeing the opposite. The number of sales is down but the prices have gone up. This is a great thing for Chestnut Springs.

There are only 3 homes for sale at this time. One of these has a Home Sale Contingency.(The Buyer must sell their own home before they can proceed to closing).

Chestnut Springs is located on the west side of Brentwood. It is one of the most affordable neighborhoods in Brentwood. The lots are small and the Homeowners Association fees cover the lawn care.

The west side of the neighborhood is connected to the Concord Road park where there is a playgroung, Shelter and walking trails.

Brentwood TN Real Estate

Chestnut Springs Fall 2011 Market Report

Chestnut Springs sales are down a bit in 2011 compared with sales in 2010. The numbers below show year-to-date.

	2010	2011	Percent Change
# of Homes Sold	9	5	-45%
Average list Price	$289,844	$297,720	3%
Average Sales Price	$276,766	$290,490	5%
Days on the Market	63	93	48%

The actual Third Quarter of 2011 only had a single closing compared to 4 closings in 2010.

Chestnut Springs currently has 6 properties for sale, 2 of which have financing contingencies. This is one of the most affordable neighborhoods in Brentwood which has an Average Sales Price of $582,000.

Buyers should be gobbling up these listings!

a href="http://www.gainesvilleshortsaleblog.com/wp-content/uploads/2011/06/abandoned-new-home.jpg">Nashville TN – Yes, short sales actually help preserve home values in a neighborhood. Here is why. Most people short sell their home while they are still living in the home. They are maintaining the home, mowing the yard, keeping the air conditioning on, etc. Most bank owned properties are empty for 3-6 months, if not longer. No one maintains the home during that time period. Empty homes are easy targets for vandalism and thieves. Get">http://NashvilleSFI.com/Loan_Modification_Secrets.html">Get my Free, Step By Step Loan Modification Guide by clicking here. The grass and yard get overgrown. Pools deteriorate and the water turns green with algae. In some Southern States, such as Florida, if a home is not air conditioned during the summer, then mold will grow on the walls inside. In the Northern States, if a home is not heated during the winter, then pipes can ice up and break causing a lot of plumbing damage. Even things as simple as sprinkler system can have problems when they aren’t used for 3-6 months. A sprinkler system contractor recently told us that if the system isn’t ran at least once a month, then it can have problems. All these things added together cause bank owned homes to sell for much less than a short sale. That is why you should be proud that you are short selling your house. You are doing a big part to help keep the housing market and your neighborhood. In addition, you are helping the entire economy because the housing market is such an important part of it. Thinking about a loan modification?Our Nashville loan modification kit will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at nashvilleshortsalepros@gmail.com to request a Free Copy. Or, click">http://NashvilleSFI.com/Loan_Modification_Secrets.html">click here to request a copy. Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at nashvilleshortsalepros@gmail.com. I will contact you for a free consultation. When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (615) 850-4173 Discover how other sellers successfully completed a short sale and request a free consultation by clicking">http://NashvilleSFI.com/Short_Sale.html">clicking here. Thanks for reading this, Reggie Woodgett. Reggie is a Real Estate Agent at RE/MAX Elite. Nashville Short Sales Realtor: Phone: (615) 850-4173. nashvilleshortsalepros@gmail.com. View My homes for sale at Brentwood TN Homes For Sale Reggie Woodgett and The Woodgett Group specialize in loan modifications and short sales in Nashville Tennessee. Nashville Loan Modification Help. Nashville Short Sales. Nashville Short Sale Realtor. Nashville TN Short Sales. Nashville Realtor. Brentwood TN Homes For Sale. Brentwood TN Short Sales Realtor. Brentwood TN Loan Modification Help. Brentwood TN Real Estate Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved. Important Notice We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Woodgett's personal views and do not reflect the views of RE/MAX Elite.

This information on How A Nashville Short Sale Helps Preserve Neighborhood Values is provided as a courtesy to our viewers to help them make informed decisions.

Brentwood TN Real Estate

Chestnut Springs 2011 6 Month Market Report

Chestnut Springs has seen activity the first 6 months of 2011 very similar to the same time in 2010. Many areas saw a decrease in sales, due to, one assumes, the lack of the Tax Incentive.

	# Sold	List Price	Sales Price	DOM
2010	5	$295,975	$276,850	65
2011	4	$303,425	$297,362	91
% Change	-20%	3%	7%	40%

Chestnut Springs had 5 sales in 2010 and 4 sales in 2011. Very little difference even though the chart shows them down by 20%.

What's more remarkable is that the prices in Chestnut Springs actually went up! Of the 5 sales in 2010, one was a foreclosure. We've eliminated that sale in determining the average list and sales prices.

Chestnut Springs has only 3 homes on the market at this time which would be a 10 month supply. That could change quickly as families make decisions to move before school starts in August.

The Brentwood TN Real Estate market showed much less signs of improvement. Sales were only down 1%. Prices were down less than 1%.

The Nashville TN Real Estate Market and that of the entire Middle TN Real Estate market had numbers off 11% from 2010 and prices down as much as 5%.

Brentwood TN Real Estate - Chestnut Springs 2010 Market Report

	# of Homes Sold	List Price	Sales Price	Days on Market
2009	6	$306,716	$297,083	175
2010	11	$287,045	$274,354	68
%Difference	83%	-6%	-8%	-61%

Chestnut Springs saw and 83% increase in sales from 2009 to 2010! Price were down a bit but not dramatically. The Days on the Market really came down this past year. All of this shows that our market is starting to stablize.

Chestnut Springs is still one of the most affordable neighborhoods in Brentwood. With prices below $300,000 buyers have to go to Nolensville or South Franklin to get into the North Williamson County School District. The average price of a home in Brentwood is over $600,000.

With Walking Trails attached at the west end of the neighborhood, it's truly a neighborhood for everyone.

There are currently 6 homes on the market with one having an inspection contingency.That's just under a 6 month supply and very consistant with where the market should be this time of year.

Don't forget to join the Chestnut Springs Community Page on Facebook!

View previous Chestnut Springs Market Reports.