Brentwood TN Real Estate Trends for 2008 - Market Reports

By
Real Estate Agent with Pilkerton Realtors

Brentwood TN Real Estate Trends for 2008

 

 

 

The following charts show the number of sales in 2008 vs 2007

and the change in the average sales price.

 

 

 

 

 

 

 

 

 

Sales in general were down 29% though the average sales price only fell 5%. Currently there are 506 homes on the market with an average Listing price of $900,977. There are 45 pending sales with an average Listing Price of $797,363.

The average size of the homes that closed in 2008 was 4141sqft. The average size of the pending homes is up at 4696sqft and the average size of the homes currently for sale is larger still at 4849.

Numbers are important when pricing a home and when determining what size the consumer is looking for. Using the actual sales of last year and comparing those numbers to the active listings, one can't help but wonder how sales will be in 2009.

Actual sales of homes priced $900,000 or above were 69 units or 13% of the total. There are currently 154 homes priced over $900,000 or 30% of the inventory.

Actual sales of homes priced $700,000 or above were 189 or 36%. Current inventory is 255 homes or 50%. If sales continue as they have, there is an 18 month supply of homes priced over $700,000 and 27 month supply.

These numbers are a general overview of the Brentwood TN Real Estate market. For specific neighborhoods see the following market reports:

Chestnut Springs 2008 Market Report

Raintree Forrest 2008 Market Report

See Nashville TN Real Estate Market Report

See Franklin TN Real Estate Market Report

 See Brentwood TN Real Estate Market Report

View listings of Homes for Sale in Brentwood TN. For more information, contact Connie Harvey at HarveyC@realtracs.com or 8.88-661-7800 x 1300

Posted by

Subscribe 

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.


Search for Homes in Nashville TN

Search for Homes in Brentwood TN


close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the airplane to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
ActiveRain Community
Location:
Tennessee Williamson County Brentwood Brentwood
Groups:
City & State: Listings and Market Reports
Local Expert
Market Reports
Posts to Localism
Tags:
market report brentwood tn
brentwood tn real estate trends
market reports

Comments 4 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the airplane to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
815,328
Fred Carver
Accredited Victoria Real Estate Consultant
Re/Max Camosun Real Estate

Hi Connie..Great Market Report, I like your Graph Charts.

Cheers, thanks for sharing your real estate market report for Nashville Tennessee. :O))

February 04, 2009 12:00 PM
Anonymous #2
Anonymous
Anonymous

Connie - Excellent information!  Thank you for providing the stats to AR.

February 04, 2009 09:44 PM
Ambassador
828,202
Connie Harvey
Realtor - Nashville TN Real Estate
Pilkerton Realtors

Fred, I'm still learning how to usee them. I need a little more practice.

Kenneth, thank you for always keeping up with me!

February 05, 2009 06:33 AM
Rainer
5,961
Tonya Hamilton
Relocation Director
Prudential Woodmont Realty

Good info to know. Thanks for posting!

February 06, 2009 02:30 PM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the pants to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Ambassador
828,202

Connie Harvey

Realtor - Nashville TN Real Estate
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the graph to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information

Connie Harvey Realtor