Del Webb Tennessee Lake Providence 2011 Market Report

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Real Estate Agent with Pilkerton Realtors

Del Webb Tennessee Lake Providence

2011 Market Report

Lake Providence by Del Webb

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%!

 

  2010 2011 Percent Change
# 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 Lake Providence by Del Webbwe'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!

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Connie Harveyis a local agent with Pilkerton Realtors, serving home buyers and sellers in Nashville, TN, Brentwood TN, and Franklin TN. Let her help you realize your Real Estate goals. She can be reached at 615-371-2474.


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Rainmaker
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Kevin B. Tolbert PA Team
Keller Williams Realty of Port Saint Lucie - Saint Lucie West, FL
New Home Construction and Luxury Specialist!

Now there is some impressive numbers for 1 or 2 realtors at least  too bad you dont have these on a broader scale 

 

 

Jan 19, 2012 06:42 PM #1
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Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

Kevin - Lake Providence doesn't come close to representing the Nashville market. They have numbers of their own!

Jan 20, 2012 01:24 PM #2
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