Chestnut Bend Sales of Homes in Franklin, TN - Market trends for 2008

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Real Estate Agent with Pilkerton Realtors

 

 

 

Chestnut Bend Sales of Homes in Franklin, TN - Market trends for 2008

Sales of Homes in Chestnut Bend were down 10% in 2008 over 2007 sales. The average sales price was down about 18% , and the Days on the Market were up over 170 days. The numbers are as follows:

Number of Homes sold in 2007 :  9

Number of Homes sold in 2008 :  8

Average Days on the market in 2007:  95

Average Days on the market in 2008:  179

Average Sales Price 2007:  $544,694

Average Sales Price 2008:  $446,875

Chestnut Bend sales prices were not down only in 2008, but began going down in the fall of 2007. There were no closing the entire first half of 2008. By the first closings in July '08, prices were down about 10%. Prices continued to fall and saw a total decline of 18% on average.

Currently there are 2 home pending and one with a contingency. Until these close one will not know the current trend in this neighborhood. There are an additional 4 houses on the market, a 6 month supply.

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 About the author:

Connie Harvey is a Residential Real Estate Agent in the Nashville, Brentwood, and Franklin Tennessee. She is experienced in Listing and Selling all types of homes, assisting Buyers both local and relocating to Tennessee to find homes that meet your needs.

If you are searching for Homes in Franklin TN, homes in Nashville TN or in Franklin TN Contact Connie at 888-798-7800 OR Visit her website at www.ConnieHarvey.com or email her HarveyC@realtracs.com.

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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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