Del Webb Tennessee Lake Providence
2011 Market Report
The Lake Providence home sales numbers are incredible for 2011. Unless they were under-reported by the on-site agents, sales were up 233% over 2010.
Resales accounted for 7 of the sales both in 2010 and 2011. This shows a consistent number of people "leaving" the neighborhood.
With the number of home going up dramatically, the percentage of resales dropped from 12% to less than 5%!
|# of Homes Sold||58||135||233%|
|Average list Price||$225,408||$249,091||11%|
|Average Sales Price||$225,298||$251,982||12%|
|Days on the Market||18||15||-17%|
Lake Providence Sales Prices went up over 10%. Since most of the 135 sales were new construction this would indicate and increase in consumer confidence. We relatively sure that the Builder did not increase prices since we've been out there often with Buyers. It would indicate, instead, that People are adding more upgrades.
Lake Providence is a 55+ Community in Mount Juliet Tennessee built by Del Webb, a division of Pulte Builders. Retiring to Tennessee is becoming more and more popular. In October of 2010, Forbes Magazine named Nashville one of "America's Most Affordable Cities."
The Lake Providence Community offers many amenities besides being an Active Adult Community.
There are currently 14 homes active on the market in Lake Providence. 10 of these are ReSales and are very likely available quickly for someone wanting to Retire to Tennessee!
If you would like More Information on Active Adult Communities in Middle Tennessee, please contact us for our free package!