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

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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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Fred Carver-Top Realtor Victoria, BC
Re/Max Camosun Victoria BC Real Estate - Victoria, BC
Accredited Victoria BC Real Estate Consultant

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

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

Feb 04, 2009 12:00 PM #1
Anonymous
Anonymous

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

Feb 04, 2009 09:44 PM #2
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Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

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

Kenneth, thank you for always keeping up with me!

Feb 05, 2009 06:33 AM #3
Rainer
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Tonya Hamilton
Prudential Woodmont Realty - Nashville, TN
Relocation Director

Good info to know. Thanks for posting!

Feb 06, 2009 02:30 PM #4
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Connie Harvey

Realtor - Nashville TN Real Estate
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