The Middle TN real estate market in October surpassed last years number of sales! See this chart that shows all transactions including LAND, Condo, and Multifamily transactions (commercial and rentals are excluded). What drove this increase? The First Time Home-buyers tax credit. – Haven’t heard of this? (Some people haven’t) It is a 10% tax credit for buying a house if you have not owned one for the past 3 years, and it caps at $8000. It expires on 11/30/09 unless an extension or a revised plan is passed, which is being discussed and will likely be sent for Obama to sign or veto later this week. The revision could include a smaller tax credit for those that have owned for 5 years and want to buy. You can follow me on facebook to get updates on this as it progresses this week.
Williamson County home inventory is dropping. In September there was 11.3 months, in October it was 10.1 and now in November it is 9.7 months of inventory to sell. Specifically Franklin has 11.7, 10.4, and 10.1 respectively. Where should we be? That is hard to say, but the trend is going the right way. This means that if no new homes entered the market and we continued at the present rate (a rate averaged over the past 6 months) that we would sell all the Franklin ACTIVE inventory in 10.1 months. As the number gets lower we enter the much desired SELLERS MARKET. I have this Total Market Overview for Williamson County by City and by Zipcode for your review.
If you are considering selling your home, please contact the Grumbles Team. Shouldn’t your REALTOR know the market? When interviewing agents for the job of selling your home, ask them if they know the market and have tracked it’s trends.
Thanks for reading the monthly update and if you have any questions you can call us at 615-587-5843 or via email at Grumbles@MikeGrumbles.com. Want to search the entire MLS for Middle Tennessee for FREE then check out our website.
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.
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Nashville Business Journal reports that the housing industry is headed for sustainable recovery | Nashville Area Homes for Sale | Franklin Homes for Sale | Brentwood Homes for Sale | National Association of REALTORS | Real Estate impact on Economy
The Grumbles Team wants to share with you that the Nashville Business Journal reported today on a study from the National Association of REALTORS that shows that the first time home-buyer tax credit has worked better than expected.
Of all home purchases this year, 47% were from first-time home buyers. That is up from 41% last year. The 47% amounts to approximately 2.35 million home sales, bringing the total sales expectation for 2009 to 5 million. The forecast from Lawrence Yun, NAR chief economist, is that total home sales in 2010 will be 5.69 million and that this steady depletion of inventory of available homes will bring a positive return in home values.
Whether you are interested in learning how the expanded home buyer tax credit could benefit you if you qualify or you are interested in selling your home, The Grumbles Team can assist you. The Grumbles team specializes in Franklin homes for sale, Brentwood homes for sale, McKays Mill Homes for sale, Westhaven Homes for sale, and Golf Community homes for sale.
Let us solve the puzzle for you in the current real estate market!
Veterens Day Parade Photos in Franklin, TN | Homes for Sale In Franklin TN | Franklin TN Real Estate Market | FranklinTNRealEstateGuide.com
On November 11, 2009 at 11:00 am Franklin, TN Residents celebrated Veterans day with a parade in honor of veterans. Please see the photos of the tour here.
The Grumbles Team would like to thanks those who have and who still serve our country.
If you would like to see Homes for Sale In Franklin TN use the button below
204 Winter Hill Rd in Wyndham Hills of Fieldstone Farms Home with Dramatic Views for Sale, Franklin TN Home for Sale | South of Nashville Homes for Sale
The Grumbles Team of EXIT Realty of the South is honored to introduce to you a wonderful updated home for sale in Fieldstone Farms subdivision of Franklin, TN. The home for sale is located at 204 Winter Hill Road, Franklin, TN 37069 and offers exquisite views of the Williamson County landscape.
These views are possible from the front porch or from the many windows of the rooms on the front of the home including the Masters suite, Bedroom#1, the bonus room, the formal dining room and the formal den. Enjoy watching the season change from this "eagles nest" view.
The Grumbles Team has provided a virtual tour of 204 Winter Hill so feel free to sit back and take a relaxed tour through this home.
The features of this home include the following:
This traditional floor plan has the formal living areas at the front of the home, the formal dinging room has wainscoting and a chair rail and leads to the kitchen. The formal living room has wide entryways and leads to the family room. Great for entertaining guests.
The family areas of the home are convenient for daily living. From the granite island with a flat cook top great for pull up meals or to the breakfast nook tucked away to the right with a great view of the wooded rear yard. The family room is to the left of the kitchen and leads to the all seasons room.
If you would like to schedule a private showing at this great home please call the Grumbles Team at 615-354-3979.
The Grumbles team has prepared a single property website for your viewing. You can get a map, view weather, and print a flyer of this property.
To see the other properties on the MLS in Fieldstone Farms, The Grumbles Team has conveniently provided the button below to take you to the homes for sale in Fieldstone Farms.
Fieldstone Farms offers the homeowners a great setting with mature trees and elevation changes. The subdivision is close to dining, banking, shopping, schools, parks, historic Franklin and is easily accessible to Hillsboro Road. At the right you can see a sampling of some of the local businesses. This home is located just South of Brentwood, TN and 20 minutes from Nashville.
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To schedule a free home valuation please contact us at Grumbles@MikeGrumbles.com. We will gladly come and provide you with a market analysis. If you want to see all the listings from the MLS then this link is for you.
We thank you for visiting our blog and reading up on this wonderful home for sale in Fieldstone Farms. To keep up to date on Franklin, TN Real Estate you can follow us on facebook or read our blog at http://www.FranklinTNRealEstateGuide.com.
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