Franklin/Brentwood Real Estate Blog

Westhaven November market Analysis | Grumbles Team Analysis of the Westhaven Franklin, TN home market | Golf Community Home Market Update | December 2009 Home Market in Westhaven | Westhaven Homes for Sale | Westhaven Franklin TN Short Sales

The real estate market has affected all communities, however a small community nestled in the hills of Williamson County just west of Franklin, TN does have away of continuing to have robust sales.  The closed sales for the past two months and the pending sales for the past three months are analyzed in this Grumbles Team exclusive report.  

What does this report reveal?  Sales are still strong in Westhaven Golf Community.  With 10 sales in November, it was an above average month of closings.  The average month yields about 7 closings per month in 2009 totaling 76 home sales year to date in Westhaven.  The downside is that the average price per square foot of the Average Sales Price in the neighborhood has been drawn downward month after month.  For the past two month average it is now at $161.6 per square foot.  This month it was impacted by two particular sales that were both below $140 per square foot.  There are two short sales among the actives in this neighborhood.  The price range is above $650,000 which is a struggling market.  These sales could reduce the price per square foot further depending upon the banks willingness to negotiate.  If you are looking to pursue a short sale or a pre-foreclosure in this price range, you should not rule these deals out and get in touch with The Grumbles Team fast. 

What is happening in the neighborhood?  The golf course is open and playable since August 28, 2009.  The Harris Teeter grocery store opened in late October with GOLF CART parking spaces for those that choose to save time, and money during their grocery store commute.  On December 11th the Westhaven Holiday Home Tour opens and run through the 13th.  The Holiday Home Tour is a special way to view Westhaven homes from the inside and to meet the people in the neighborhood as well as to witness their giving nature.  The proceeds from this event will go to CASA (Court Appointed Special Advocates) serving the needs of abused and neglected children in Williamson Country while a portion of the proceeds raised will also benefit The Westhaven Foundation.  The Westhaven Foundation is a nonprofit organization of Westhaven Residents with support from Southern Land Company to enrich and preserve the values of this community and the neighboring city, Franklin, TN. 

So with so much going on in this neighborhood, shouldn't you contact The Grumbles Team today to schedule a private tour of the facilities and the Westhaven homes for sale that meet your needs?

Elegant homes from $1.5 Million down to $260,000 town-homes to fit your taste and your lifestyle, come see what Westhaven Offers.

If you are considering selling your home in Westhaven, the Holidays are a great time to showcase the benefits of your home and there is typically less competition through the holiday season.  So call us to get a free home valuation today at 615.354.3979.

Happy Home Shopping!  If you have any questions about this report, we would enjoy speaking with you or we will reply to your comments.

Franklin | Brentwood | Spring Hill | Mike Grumbles & The Grumbles Team specializing in Golf Community Homes for Sale

The Grumbles Team is our family serving your family with your real estate needs in Franklin, Tennessee 615-587-5843.

EXIT Realty of the South | 1227 Lakeview Dr. Suite 1 | Franklin | TN | 37067 | 615.550.5555

Each Office Independently Owned and Operated

204 Winter Hill Road Home for Sale | Fieldstone Farms Home for Sale | Don't Let the $8000 Federal Tax Credit Expire Before Looking at this Home | Qualified for up to $8000 Tax Credit for this Franklin Home?

Are you qualified for up to $8000 in federal tax credits?  If so, this great home for sale in Fieldstone Farms subdivision of Franklin, TN could get you sizeable tax credit.  If you haven't heard about this tax credit then you should call us today at 615.354.3979.

We currently have on the market this home with fabulous views and 4 bedrooms 2.5 bath home with a sunroom and a grand kitchen.

Want to see a Virtual Tour of this home?

Whether your home is for sale or you are looking to buy, you need to know the qualification details of the expanded tax credit.  Contact us to schedule a review of the tax credit and how it could help you market your home or to buy a home.

The Grumbles Team has set up several websites exclusively for this listing:

http://Tour204WinterHill.MikeGrumbles.com

http://204WinterHill.MikeGrumbles.com

Want to do your own research on the Fieldstone Farms active homes for sale?

Franklin | Brentwood | Spring Hill | Mike Grumbles & The Grumbles Team specializing in Golf Community Homes for Sale

The Grumbles Team is our family serving your family with your real estate needs in Franklin, Tennessee 615-587-5843.

EXIT Realty of the South | 1227 Lakeview Dr. Suite 1 | Franklin | TN | 37067 | 615.550.5555

Each Office Independently Owned and Operated

Middle TN Home Sales Increase consistent with the National Trend | MSNBC.com Report Shows Increase in Homes Sales | Williamson County Home Sales | Franklin Homes for Sale | Brentwood Homes for Sale | Should I Sell My Home now? | Golf Community Homes for Sale

Home sales are UP!  An MSNBC.com report shows that the increase in sales marks the greatest month of sales in the past three years.  November 2009 real estate sales were boosted by government backed incentives and falling prices.  The National Association of REALTORS  website reports that the number of american families that have taken advantage of the Tax Credit for buyers is estimated at 2.0 million.  November's sales figures rose 44 percent and the seasonally adjusted gross would be 6.54 million homes a year, just below the 6.55 million homes/year mark calculated from February 2007. 

So how does Nashville and surrounding counties real estate market compare to the national trend?  The chart below shows the YTD Real Estate closings in the Middle Tennessee Market including 30 counties and deducting commercial transactions.     

The chart shows that Middle Tennessee is following the National trend.  Real Estate Sales were up 48% in November 2009 compared to November 2008.  October 2009 was the first month in 2009 that had an increase in sales (up 18% from October 2008) from the same month the year prior.  That broke a 17 month trend of decreasing transaction count when compared to the same month the year prior, al the way back to April 2008.  So it appears clear that the federal stimulus package (1st time home-buyer tax credit) has had a direct effect on sales, as the original deadline for the tax credit was November 30th.  The tax credit was recently extended and also expanded to include homeowners that want to sell and buy another home as long as they have resided in their current home for five of the last eight years.  Lawrence Yun, predicts that the final count of american families that take advantage of the tax credit to be about 4 million, so if you plan to place your home on the market for sale the time to do so is now.  The rates are near record lows, the pricing on homes is reasonable and the expanded tax credit deadline is the end of April.  If you would like a personal consultation on how the tax credit could benefit you please call The Grumbles Team, of Exit Realty of the South. 

The Nashville Business Journal reported that the homes prices are declining compared to a year ago but that compared to the prior month were stabilizing.  The drop from a year ago is heavily impacted by the number of distressed sales including foreclosures and short sales.  The Grumbles Team constantly monitors the national and regional real estate markets to see how it impacts your decision to buy or sell a home.  The National Association of REALTORS reports that there is a 6.5 month supply of homes, down from 7.0 months, nationwide at the current absorption rate.  We analyzed and found that in Williamson County there is 9 months of supply and it has been declining for the last four months.  So just as in all economic situations when there is excess supply, the prices fall.  We will continue to monitor this absorption rate to see that when the market becomes a sellers market again and prices begin to rise. 

The Grumbles Team is always on top of the real estate market in Brentwood, Franklin, and surrounding areas, focusing on golf communities.  To learn the absorption rate for your city or zip code call us to schedule a market analysis review.  We can be reached at 615-354-3979.

Franklin | Brentwood | Spring Hill | Mike Grumbles & The Grumbles Team specializing in Golf Community Homes for Sale

The Grumbles Team is our family serving your family with your real estate needs in Franklin, Tennessee 615-587-5843.

EXIT Realty of the South | 1227 Lakeview Dr. Suite 1 | Franklin | TN | 37067 | 615.550.5555

Each Office Independently Owned and Operated

Williamson County November 2009 Total Real Estate Market Overview | Comprehensive Real Estate Market Update for Franklin, Brentwood, and surrounding cities | Golf Community Homes for sale | Golf Community Market Update

 The above report can be downloaded for easier viewing.  This report is a compilation of the Williamson County Real Estate Market for the past 6 months ending on 11-30-09.  Only Single Family Residential Units are considered in this market study.  All active listings in the Williamson County market can be seen here. 

Report Analysis: 

This is the 4th report in a row in which the months of inventory of homes in this market has decreased (11.3, 10.1, 9.7, 9.0).  This is due in some part to the fact that as the Holiday Season approaches some sellers remove their home from the market to avoid the hassle of showings during the holidays.  However, this is good news for those that continue to market their homes as their is less competition.  The months of inventory was also reduced because the sales volume in the last 3 reports has been greater than 1400 units for the rolling 6 months prior to the report date. 

The average sales price is below $400,000 for the county as a whole, Held strong by the exclusive Brentwood market with an average sales price of $602,000. 

The sellers are reducing their home prices as their properties are sitting on the market and finding tough competition.  The average reduction from initial list to final list price is 4.9% and still the sellers are making concessions in the price at the time of the offer as the reduction in sales price off the final listed price is 5.6%.  These numbers are very strong considering this is the worst real estate market most home owners have ever seen.

This same report can be viewed by zipcode as well.

To get the most up to date and accurate market analysis call the Grumbles Team at 615.354.3979. 

This report is the proprietary product of The Grumbles Team and shall not be copied or  duplicated without written permission

Franklin | Brentwood | Spring Hill | Mike Grumbles & The Grumbles Team specializing in Golf Community Homes for Sale

The Grumbles Team is our family serving your family with your real estate needs in Franklin, Tennessee 615-587-5843.

EXIT Realty of the South | 1227 Lakeview Dr. Suite 1 | Franklin | TN | 37067 | 615.550.5555

Each Office Independently Owned and Operated

Nashville Ranks among top 100 metro cities in Affordability according to Forbes | Nashville Area Homes for Sale | Golf Community Homes For Sale | Franklin Homes For Sale | Brentwood Homes for Sale

 Considering a home purchase in Nashville, TN?  Just another reason to consider this metro area as a great place to call home. 

If it is "BANG FOR THE BUCK" that gets your heart rate pumping these days instead of the fanciful beach-front property, to protect your real estate investment.  Well then you should study the list of 100 metropolitan cities that ranked highest in affordability.  The Forbes.com study   considered the housing market stability, unemployment rates, workday commute, and cost of living to determine the top 100 cities that offer the most "Bang for the Buck" 

Nashville, TN was ranked 58th on this list of Affordable places to live.  Tennessee cities all fair well on this list as other Tennessee cities listed are, Chattanooga gets top ranking in the state at 8th, Knoxville places in at 22nd, and Memphis ranked 35th. 

This report makes it a great time to list your property for sale with THe Grumbles Team or to buy a home in the Nashville area.  Call the Grumbles Team today to find out about your options in this real estate climate.  We await your call at 615.354.3979.

Franklin | Brentwood | Spring Hill | Mike Grumbles & The Grumbles Team specializing in Golf Community Homes for Sale

The Grumbles Team is our family serving your family with your real estate needs in Franklin, Tennessee 615-587-5843.

EXIT Realty of the South | 1227 Lakeview Dr. Suite 1 | Franklin | TN | 37067 | 615.550.5555

Each Office Independently Owned and Operated