Chestnut Bend (Franklin, TN)
Chestnut Bend (Franklin, TN) Real Estate News
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What's My Chestnut Bend Home Worth? Market Report for October 2014
Tammie White, Franklin TN, South of Nashville (Benchmark Realty, LLC (615) 495-0752 or www.TWRealtyGroup.net)

What's My Chestnut Bend Home Worth? Market Report for October 2014

  • What's My Chestnut Bend Home Worth? Market Report for October 2014Properties currently Active on the market: 2
  • Single-family properties closed in October: 2
  • Average sales price: $530,500
  • Average list price: $540,833
  • Average sales price to list price ratio: 98.1%
  • Average days on the market: 71
  • Active under contract: 1
  • Chestnut Bend absorption rate: 1 month of inventory (a normal or steady market would be 5-7 months, a buyer's market would be in excess of 7 months, and a seller's market would be less than 5 months)

Chestnut Bend is experiencing an extreme seller's market with just under one month of inventory. The sales price to list price ratio is very good. While the average days on the market may seem high it is actually lower than the average days for Franklin homes priced between $500K to $600K during October which is a good sign.

Want to know what your Chestnut Bend home is worth? Click the photo below to get the instant value of your home.

What's My Chestnut Bend Home Worth? Market Report for October 2014

Chestnut Bend homes already have the amenities that buyers desire. Pricing a home correctly is crucial. The best time to sell your home is in the first few weeks. When you price high, it costs you valuable time and additional money down the road.

While much of Franklin is in a seller's market, buyers are more particular than ever. They have the ability to search for homes from any location. Since 92% of buyers begin their home search on the internet, it's important that your home show well there. Buyers may rule out a prospective property just by what they see on the internet. Your home needs to have the best coverage possible. This goes way beyond just syndicating your home to other websites.

You want to make sure the photographs are professionally done showcasing the many features of your home. Then you want your home to stand out from the others in your neighborhood with a single-property website. Just click the link to be taken to one example of the ways TW Realty Group markets your home.

With new construction finally coming to an end, it may be a good time to sell your Chestnut Bend home. Through the use of social media and blogging, we are able to garner attention for your home making it visible to buyers relocating to our area. Just look at some of the ways we aggressively market your home.

When you are ready to sell your home, contact Tammie White at (615) 495-0752.

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Tammie White, REALTORĀ®
TW Realty Group
Benchmark Realty LLC
318 Seaboard Lane
Franklin TN 37067
(615) 495-0752 Direct
Email: Tammie@TWRealtyGroup.net
 
 
This posting with the content written here and photographs displayed are the intellectual property and opinions of Tammie White of Benchmark Realty LLC. Any party who uses this material without the permission of Tammie White is subject to copyright infringement and possible lawsuit.
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Chestnut Bend 2014 Mid Year Market Report
Connie Harvey, Realtor - Nashville TN Real Estate (Pilkerton Realtors)

Chestnut Bend 2014 Mid Year Market Report

Chestnut Bend

 

Chestnut Bend home sales fluctuate each year. With only 171 homes one year they're up the next they're down. It not just the economy that causes this.

 

  # Sales List Price Sales Price DOM
2013 1 $474,990 $455,000 175
2014 3 $529,966 $516,666 32
% Change 300% 12% 14% -50%

 

The number of sales was up a good bit, and prices increased as well.  The average sales price in Franklin for the same time period in 2014 was $473556 or 9% less that those in Chestnut Bend. Prices increased 9% overall in Franklin in this period of 2014 with days on the market down 11%.

Chestnut Bend is located behind Franklin High School. It is an easy walk to downtown Franklin with the walking trail that runs behind the neighborhood and over to the Harpeth River at Margin Street.

The trail, in the opposite directions links to Franklin High School, Maggies Dog Park and the Recreation Center next to Mack Hatcher.

There are currently 5 homes on the market in Chestnut Bend. This is unusually high considering only 3 homes sold in the first 6 months and most active time of year.

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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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Chestnut Bend 2013 Market Report
Connie Harvey, Realtor - Nashville TN Real Estate (Pilkerton Realtors)

Chestnut Bend 2013 Market Report

Chestnut Bend

 

Chestnut Bend home sales fluctuate each year. With only 171 homes one year they're up the next they're down. It not just the economy that causes this.

 

  # Sales List Price Sales Price DOM
2012 12 $466,945 $448,936 122
2013 5 $490,958 $481,000 76
% Change -58% 5% 7% -37%

 

The number of sales was down a good bit, but prices increased just like the other neighborhoods of Franklin. The average sales price in Franklin in 2013 was $454,207 or 6% less that those in Chestnut Bend. Prices increased 10% overall in Franklin in 2013 with days on the market down 16%.

Chestnut Bend is located behind Franklin High School. It is an easy walk to downtown Franklin with the walking trail that runs behind the neighborhood and over to the Harpeth River at Margin Street.

The trail, in the opposite directions links to Franklin High School, Maggies Dog Park and the Recreation Center next to Mack Hatcher.

There are currently no homes on the market in Chestnut Bend. Homeowners considering a move in 2014 should get their homes ready for market and get them listed with a local Realtor soon to take advantage of this lack of inventory.

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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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Chestnut Bend Third Quarter 2013 Market Report
Connie Harvey, Realtor - Nashville TN Real Estate (Pilkerton Realtors)

Chestnut Bend Third Quarter 2013 Market Report

Chestnut Bend Market Report

Chestnut Bend has had both good and bad news in this past year! The number of sales is down considerably but the prices are up! Being a small community, having the number of sales down is not an issue. Some years more people move than in other years. Having the prices up is great.

 

  # Sales List Price Sales Price DOM
2012 9 $460,933 $441,933 126
2013 4 $478,722 $463,750 74
% Change -63% 4% 5% -41%

 

There is currently only one house on the market it has an inspection contingency on it. Inventory has been down all over the Nashville Franklin area but this is extremely low even for this neighborhood.

Chestnut Bend is often sought after because of its easy location. Students can walk to Franklin High School, and whole families can walk to the games there!

Chestnut Bend has the Franklin Walking trail running behind it connecting the neighborhood to many  parts of Franklin via the trail!

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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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Chestnut Bend 3rd Quarter Market Report 2012
Connie Harvey, Realtor - Nashville TN Real Estate (Pilkerton Realtors)

Chestnut Bend 3rd Quarter Market Report 2012

Chestnut Bend

Chestnut Bend enjoyed some nice increases in both the number of sales and the sales price. This is the perfect example of the market finally turning positive.

 

  2011 2012 Percent Change
# of Homes Sold 5 8 60%
Average list Price $436,660 $466,687 7%
Average Sales Price $426,580 $447,175 5%
Days on the Market 105 127 21%

Prices went up moderately, but the number of sales jumped considerably. There are currently 4 Active Listings with an average asking price of $489,900. The one Pending sale is listed at $489,900.

Chestnut Bend is located directly behind Franklin High School off Franklin Road. It offers wonderful walking and biking trails that connect to the

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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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Chestnut Bend Spring 2012 Market Report
Connie Harvey, Realtor - Nashville TN Real Estate (Pilkerton Realtors)

Chestnut Bend Springs Spring 2012 Market Report

Chestnut Bend

Chestnut Bend was consistent in sales in the first 6 months of 2012 compared with the same time in 2011. Prices were up too. Prices in Williamson County averaged a 1.6% increase in 2012 with an 18% increase in the number of homes sold.

  # Homes Sold List Price Sales Price Days on Market
2011 3 $444,300 $430,500 149
2012 4 $469,700 $451,225 146
% Change 33% 6% 5% -2%

Chestnut Bend beat both averages. In creating a balance review of the sales, one sale was pulled from the average of the 2011 numbers because it was 1000 square feet larger and $60,000 more expensive than the next highest. We feel that the above numbers more correctly represent the activity in the neighborhood.

Chestnut Bend is hidden behind Franklin High School just off Franklin Road and only a mile from downtown Historic Franklin. The walking paths and lovely pool complex make this a wonderful place to live.

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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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Franklin TN Real Estate Chestnut Bend 2011 Market Report
Connie Harvey, Realtor - Nashville TN Real Estate (Pilkerton Realtors)

Franklin TN Real Estate

Chestnut Bend 2011  Market Report

Chestnut Bend

Home Sales in Chestnut Bend were up somewhat in 2011 compared to those of 2010. Though the prices were down, they were only down 1%. The average sales price in Franklin overall was down 6.5% in 2011 compared to 2010.

 

  2010 2011 Percent Change
# of Homes Sold 6 7 17%
Average list Price $453,450 $438,185 -3%
Average Sales Price $429,166 $425,414 -1%
Days on the Market 54 103 90%


There are currently 2 homes on the market in Chestnut Bend. That works out to be a 3.5 month supply. Franklin has a 6 month supply of homes.

Chestnut Bend is tucked neatly behind Franklin High School and opens back out by the CVS at Del Rio Pike. The Franklin Trail that runs from the Williamson County Rec Center to the river runs behind the neighborhood giving great access to immediate exercise.

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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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