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Homeowners in Westfork Subdivision in Smyrna TN will be elated to know that they are currently in a seller’s market! While home prices have dropped due to the housing market, the inventory is low! This means that homes are selling faster and the demand will help increase home values trend upward. Currently, Westfork has a 3.33 month supply of homes available for sale. An inventory of available homes of six months or less is considered a seller’s market!
Westfork is located in Smyrna TN and offers quality homes at affordable prices. Families are attracted to the area because of the Rutherford County Schools. Many individuals like the easy commute to either Murfreesboro or Nashville. Regardless of what attracts buyers to Westfork, they are coming out in larger numbers seeking these homes. If you are considering selling your Westfork home in Smyrna TN home, you need to know the value of your home.
When determining what your Smyrna TN home is worth in Westfork, you need to take the absorption rate, average square footages, and average sales price into consideration. These figures will help determine the demand in the current market for your home. Pricing your home ahead of the market will result in a quicker sale with a higher net.
The chart below shows the absorption rate for homes in Westfork in Smyrna TN. It also gives the average sales prices, square footage and days on market for the past 3, 6, and 12 month period. In determining the current value for your home, the closed sales for the past six months should be considered, and the closed sales for the past 3 months being the most important factor. Anything over 6 months is helpful to see the market trends, but should not be used for establishing current market value.
WESTFORK SUBDIVISION IN SMYRNA, TN
SEPTEMBER 1, 2010 - AUGUST 31, 2011
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MARKET ACTIVITY FOR PAST: |
12 MONTHS |
6 MONTHS |
3 MONTHS |
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CLOSED HOMES |
24 |
12 |
3 |
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AVERAGE HOMES SOLD PER MONTH |
2.58 |
3.1 |
3.33 |
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ACTIVE Listings on MLS |
14 |
14 |
14 |
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Months Supply of Homes Active |
5.42 |
4.51 |
4.20 |
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Average List Price SOLD Homes |
127,116 |
122,675 |
123,966 |
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Average SOLD Sales Price |
126,117 |
122,652 |
121,533 |
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Average Days on Market SOLD |
92 |
90 |
44 |
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Average List to Sale Price |
99% |
99% |
98% |
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Average Square Footage SOLD |
1495 |
1371 |
1311 |
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Average Price Per Sq Ft SOLD |
89.78 |
89.46 |
88.45 |
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Market Absorption Stats: 6 Months Supply of Home = Neutral Market Less than 6 Months Supply of Homes = Seller’s Market More than 6 Months Supply of Homes = Buyer’s Market |
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14 ACTIVE LISTINGS: |
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Active Average List Price |
$ 134,652 |
Avg Price Per Foot |
$ 97.93 |
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Active Average Square Footage |
1375 |
Average Days On Market |
61 |
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7 PENDING LISTINGS: |
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Pending Average List Price |
$ 124,642 |
Avg Price Per Foot |
$ 88.78 |
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Pending Average Square Feet |
1404 |
Average DOM |
60 |
For a more detailed analysis of your Murfreesboro TN home or Smyrna TN home, please contact me at 615-566-3789. Homes for sale in Murfreesboro and Smyrna are in demand by qualified buyers! It is a great time to consider taking advantage of the affordable housing market and purchase your first home or move up into a larger home. I would love to talk with you about listing, positioning, staging, and SELLING your Smyrna or Murfreesboro TN home.
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Smyrna TN Distressed Sales Activity Increasing
Short Sales and Foreclosures Increasing Their Market Share
Compared to late 2009, the percentage of Distressed Sales Activity (i.e. Short Sales and Foreclosures) is increasing. In late 2009, distress sales (i.e. Short Sales and Foreclosures) accounted for under 15% of all Active Listings and just under 22% of all Pending Sales. Currently, distress sales account for nearly 18% of Active Listings and 33% of Pending Sales.
Free* Short Sale and Foreclosure Help and Assistance for Nashville, Brentwood, Franklin, Nolensville, Spring Hill, Murfreesboro, Smyrna, La Vergne, Columbia, Mt. Juliet, Springfield, Gallatin and Middle Tennessee Financially Distressed Homeowners and Property Owners. Stop the Bank from Foreclosing with a Quick Cash Offer or Short Sale. If you are a Nashville Tennessee, Franklin Tennessee, Brentwood Tennessee, Nolensville Tennessee, Spring Hill Tennessee, Murfreesboro Tennessee, Smyrna Tennessee or La Vergne Tennessee homeowner, property owner, condo owner, real estate investor, home builder or real estate developer who cannot pay your mortgage payments (due to losing your job, having your income reduced, illness, health problems, adverse business conditions, slow sales, loss of investment property tenants, vacancy issues, lack of funds to complete the project, feuding business partners, etc.), know that you will not be able to pay your mortgage, have defaulted on your mortgage, are already in foreclosure, or owe more than your home is worth, please contact Jim to discuss a short sale (when the real estate sale proceeds are not sufficient to pay off the mortgages and liens on the property). Jim helps sellers (homeowners, property owners, condo owners, owners of high end homes and properties (estate homes, luxury homes and executive homes), real estate investors, home builders and real estate developers) of distressed real estate, short sales, pre-foreclosures, foreclosures, investment properties, failed new construction projects and struggling commercial real estate developments located in any Middle TN County (Rutherford, Williamson, Davidson, Maury, Sumner & Robertson). If you need to short sell your house or property, or you need a quick sale to stop a foreclosure sale, you can Get Free* Short Sale and Foreclosure Help and Assistance from a Nashville Tennessee and Middle Tennessee Short Sale and Foreclosure REALTOR, Real Estate Expert and Real Estate Investor. (*Free: In a real estate short sale, the bank or mortgage company usually approves and pays all of Jim's commissions and fees.)
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HABITEC Completes Another Continuing Education course presentation for REALTORS licensed in Tennessee!!
On January 19, 2011, HABITEC presented the TENNESSEE HOME INSPECTION course at the Middle Tennessee Association of REALTORS facility at 311 Butler Drive, Murfreesboro, TN, 37127, from 08:30 AM - 4:00 PM. The Point of Contact at MTAR for this class was Roshawnda Perry-Barlow, MTAR Education Manager roshawnda@mtar.org 615-893-2242, 877-893-2242.
HABITEC offers the 6 hour TREC-approved class in Home Inspection topics pertinent to REALTORS. Topics include Exterior Components, Interior Spaces and Components, Foundations, Roof and Attic, HVAC, Electrical, and Plumbing. These classes are available in a classroom setting with Richard Acree as the Instructor. The classes are offered as a power point presentation with hundreds of fascinating pictures and interesting perspective offered by Richard. These classes also give REALTORS a chance to interact with a certified and licensed Home Inspector, ask questions and discuss in general and in detail the issues that come up during a Home Inspection.
The purpose of this course is to explain the rules of the State of Tennessee, Department of Commerce and Insurance, for Home Inspection procedures, methods and requirements. The classes will help Realtors understand what the Home Inspector should be looking at and what the Home Inspector should be looking for. Terminology, methods of inspection, tools and limitations of the Home Inspection processes will be included. The end result of this course will be to help REALTORS understand the State of Tennessee rules and requirements for Home Inspections and better prepare the REALTOR to discuss the Home Inspection Report with their Client. The Client will then be able to understand the report and make a better decision regarding the real estate transaction.
REFERENCES: The following REALTORS attended the Class and have graciously offered to use their name as references for the course.
Chery Damron, 931-308-5593, cdamron@realtracs.com
Fernard Hennings, 615-556-8431, fhennings@realtracs.com
Steve Gibson, 615-796-8663, sgibson@realtracs.com
Lynne Davis, 615-394-5299, lynnedavisrealtor@gmail.com
Hayden Bryson, 615-812-8871, hbryson@realtracs.com
Sandra Watson, 615-545-2914, sandrawatson@realtracs.com
Vanessa Coe, 615-415-4954, vand95@comcast.net
Sharon Swafford, 931-224-4663, Sharon@SharonSwafford.com
Haven Arnold, 615-417-2299, myagenthaven@aol.com
Ed Stinson, 615-828-8821, edstinson@realtracs.com
Margie Maurer, 615-481-9496, mmaurer@realtracs.com
Wayne Yancey, 615-887-0212, wayne@mid-tn-realestate.com
Richard Atkinson, 615-574-0001, ratkinson@realtracs.com
Gary Middleton, 615-310-6475, gmiddleton@greenvalehomes.net
The next class is scheduled for: February 16, 2011 at the Eastern Middle Tennessee Association of REALTORS, 2588 North Mt. Juliet Road, Mt, Juliet, TN, 37122, from 08:30 AM - 4:00 PM. The EMTAR Point of Contact is Cher Dugan, Senior Administrative Assistant, DuganC@realtracs.com, 615-758-9851.
Thank you,
Richard Acree

Comments in this blog posting are the copyrighted intellectual property of Richard Acree, President, HABITEC Home and Building Inspections, LLC, and contributing members of the Active Rain Real Estate network, and are intended to educate and otherwise assist home owners, sellers and buyers, building owners, sellers and buyers, realtors, real estate investors, property managers, and lenders in the process of owning, buying or selling homes or commercial buildings. HABITEC is a residential (home) and commercial building inspection company serving Middle Tennessee including Nashville, Brentwood, Franklin, Murfreesboro, Smyrna, Mt. Juliet, Hendersonville, Dickson, Belle Meade, Columbia, Spring Hill and more! In addition to building inspections HABITEC offers Environmental Services for mold assessments, radon testing and water quality analysis. Additional information about HABITEC can be found on our website at http://habitecinspections.com, or call 615-376-2753.
Richard Acree is the author of the HABITEC Home and Building Inspections ActiveRain Blog and founder of the ActiveRain Group Tennessee Home and Building Inspectors. All are welcome to join and see more blogs like this one. You can also join HABITEC on Facebook or Linked .
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Murfreesboro REALTOR Closes Smyrna TN Short Sale
Jim McCormack, a Nashville, Brentwood, Franklin, Nolensville, Spring Hill, Murfreesboro, Smyrna, La Vergne, Columbia, Mt. Juliet, Springfield, Gallatin and Middle Tennessee Short Sale and Foreclosure REALTOR, Real Estate Expert and Real Estate Investor closed the short sale of a single home in Smyrna TN. Jim was able to close the short sale despite the property having 2 mortgages (1st mortgage owned by Fannie Mae & 2nd mortgage owned by JP Morgan Chase) and the bank servicing the mortgage loan (JP Morgan Chase) being very slow and initially difficult to work with. Jim solved the problem with the servicing bank by contacting Fannie Mae (FNMA) and informing Fannie Mae that the servicing bank was going to cause the short sale to fail. The financially distressed seller was relieved to be out from under this property that they could no longer afford and was very happy to avoid foreclosure.
Free* Short Sale and Foreclosure Help and Assistance for Nashville, Brentwood, Franklin, Nolensville, Spring Hill, Murfreesboro, Smyrna, La Vergne, Columbia, Mt. Juliet, Springfield, Gallatin and Middle Tennessee Financially Distressed Homeowners and Property Owners. Stop the Bank from Foreclosing with a Quick Cash Offer to Get the Short Sale Process Started. If you are a Nashville Tennessee, Franklin Tennessee, Brentwood Tennessee, Nolensville Tennessee, Spring Hill Tennessee, Murfreesboro Tennessee, Smyrna Tennessee or La Vergne Tennessee homeowner, property owner, condo owner, real estate investor, home builder or real estate developer who cannot pay your mortgage payments (due to losing your job, having your income reduced, illness, health problems, adverse business conditions, slow sales, loss of investment property tenants, vacancy issues, lack of funds to complete the project, feuding business partners, etc.), know that you will not be able to pay your mortgage, have defaulted on your mortgage, are already in foreclosure, or owe more than your home is worth, please contact Jim to discuss your options including a loan modification and a short sale (a real estate short sale occurs when the sale proceeds are not sufficient to pay off all the mortgages and liens on the property/home). Jim helps sellers (homeowners, property owners, condo owners, owners of high end homes and properties (estate homes, luxury homes and executive homes), real estate investors, home builders and real estate developers) of distressed real estate, short sales, pre-foreclosures, foreclosures, investment properties, failed new construction projects and struggling commercial real estate developments located in Middle Tennessee (Rutherford County TN, Williamson County TN, Davidson County TN, Robertson County TN, Maury County TN, Murfreesboro TN, Smyrna TN, La Vergne TN, Eagleville TN, Lascassas TN, Rockvale TN, Christiana TN, Brentwood TN, Franklin TN, Nashville TN, Belle Meade TN, Nolensville TN, Spring Hill TN, Gallatin TN, Springfield TN and Mt. Juliet TN). If you do need to short sell your home or property, or you need a quick sale due to being in foreclosure, you can Get Free* Short Sale and Foreclosure Help and Assistance from a Nashville Tennessee and Middle Tennessee Short Sale and Foreclosure REALTOR, Real Estate Expert and Real Estate Investor. (*Free: In a real estate short sale, the bank or mortgage company usually approves and pays all of Jim's commissions and fees. Therefore, in most cases his short sale help, foreclosure help, foreclosure consulting, and foreclosure prevention and brokerage services are essentially free to distressed homeowners and property owners in Nashville and Middle TN. Jim does not charge any upfront short sale fees or commissions and he generally doesn't get paid anything unless the short sale closes and even then the bank essentially pays Jim's fees. As a result, there is basically no risk to Nashville Tennessee homeowners and property owners in foreclosure.)
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The place to be this Saturday, November 13th is the Handmade Craft and Hobby Sale in Smyrna, TN. One of the organizers of the fair is my friend Roberta Vanskike. I know Roberta from her working at the Regions Bank in Smyrna on Sam Ridley Parkway. Roberta is a wonderful person and she has the most infectious laugh. I may not be in the mood to laugh when I go to the bank (probably because of the lack of funds I have available), but just a few words and a good laugh from Roberta and all is well in my world!
The sale will take place from 9 am to 4 pm at:
Smyrna Church of the Nazarene at 404 Overton Drive in Smyrna. The church is located behind the K-Mart in Smyrna on Lowry Street.
Admission is free and the parking is free.
I've seen some of the quilts that Roberta has made and the quality is top notch. You will definitely not want to miss this sale. Come on by and check it out this Saturday, November 13th from 9 am to 4 pm at the Smyrna Church of the Nazarene at 404 Overton Drive in Smyrna, TN.
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