Davidson County MLS Data - 2008
According to the MLS, Davidson County as a whole saw 6,923 residential sales in 2008 averaging a sold price of $220,313 in 74 days. Of that total 4,315 were in Nashville with the remaining 2,608 in other Davidson County areas. The average size of the homes were 1928 sf with 3 bedrooms 2 baths. We’ll look here at the top selling subdivisions in Davidson County cities, and then add in Nashville separately in its own post.
Antioch TN real estate sales
Antioch residential real estate sales totaled 967 in 2008 at an average price of $143,846 with 77 days on the market on average. The number of homes sold is down from 1,345 in 2007. Top selling Antioch TN neighborhoods in 2008 (subdivision, number sold, average price, average days on market) include:
1. Lakeside Cove - 34; $170,690; 30 days
2. Summerfield - 28; $196,689; 51 days
3. Asheford Crossing - 27; $148,558; 112 days
4. Peppertree Forest - 26; $108,788; 79 days
5. Old Hickory Hills - 25; $151,711; 81 days
6. Village of Long Hunter - 24; $129,684; 57 days
Other neighborhoods with between 15-23 sales in 2008 were: Barnes Cove, Cambridge Forest, Cherry Hills, Hamilton Chase, Harvest Grove, Hickory Woods, Lake Walk, Maxwell Place, Oak Highlands, October Woods, Towne Village, Preserve at Old Hickory, Towne Village and Piccadilly.
The most expensive neighborhood on average in Antioch was Barnes Bend averaging $309,085. Barnes Cove averaged $256,267, Berkeley Hall averaged $249,600, Apple Valley averaged $242,110 and Blue Hole Pointe at $241,000.
Brentwood TN (Davidson) real estate sales
Brentwood residential real estate sales totaled 152 in 2008 at an average price of $338,897 with 76 days on the market on average. This total number sold is down from 202 in 2007. Top selling Brentwood TN neighborhoods in 2008 (subdivision, number sold, average price, average days on market) include:
1. Concord Place - 17; $221,692; 33 days
2. Hearthstone - 11; $305,778; 86 days
3. Banbury Crossing - 10; $328,500; 36 days
4. Autumn Oaks - 10; $240,436; 64 days
5. Copperfield - 10: $275,590; 81 days
6. Sterling Oaks - 9; $279,222; 90 days
Hermitage TN real estate sales
Hermitage residential real estate sales totaled 430 in 2008 at an average price of $182,586 with 73 days on the market on average. This total number sold is down from 563 in 2007. Top selling Hermitage TN neighborhoods in 2008 (subdivision, number sold, average price, average days on market) include:
1. Hermitage Hills - 46; $128,393; 66 days
2. Bridgewater - 41; $270,951; 25 days
3. Truxton Park - 17; $161,350; 53 days
4. Jackson Retreat - 14; $136,892; 64 days
Other neighborhoods with a reasonable number of sales were: Hampton Hall, Highlands of Tulip Grove, Hermitage Estates, Hermitage Meadows, Chesney Glen and Tulip Grove.
Cane Ridge TN real estate sales
Cane Ridge residential real estate sales totaled 183 in 2008 at an average price of $207,776 with 67 days on the market on average. The total number sold is up from 167 in 2007. Top selling Cane Ridge TN neighborhoods in 2008 (subdivision, number sold, average price, average days on market) include:
1. Sunset Hills - 40; $200,353; 51 days
2. Rivendell Woods - 34; $167,183; 70 days
3. Deer Valley - 16; $248,877; 55 days
4. Oak Highlands - 15; $205,898; 93 days
5. Hidden Creek - 15; $188,682; 57 days
Goodlettsville TN real estate sales
Goodlettsville residential real estate sales totaled 137 in 2008 at an average price of $158,071 with 75 days on the market on average. The total number sold is down from 167 in 2007. Top selling Goodlettsville TN neighborhoods in 2008 (subdivision, number sold, average price, average days on market) include:
1. Ivy Hill - 17; $179,089; 92 days
2. Gatewood - 15; $122,663; 64 days
3. Windsor Green - 14; $137,932; 57 days
Old Hickory TN real estate sales
Old Hickory residential real estate sales totaled 188 in 2008 at an average price of $164,022 with 73 days on the market on average. The total number sold is considerably down from 439 in 2007. Top selling Old Hickory TN neighborhoods in 2008 (subdivision, number sold, average price, average days on market) include:
1. Villages of Old Hickory - 30; $135,981; 66 days
2. Hampton Park - 18; $160,350; 71 days
3. Waterford - 18; $142,177; 65 days
4. Sherwood Forest - 11; $131,791; 49 days
Madison TN real estate sales
Madison residential real estate sales totaled 355 in 2008 at an average price of $118,109 with 85 days on the market on average. The total number sold is down from 493 in 2007. Top selling Madison TN neighborhoods in 2008 (subdivision, number sold, average price, average days on market) include:
1. Cumberland Station - 24; $152,626; 94 days
2. Rainbow Terrace - 11; $79,952; 64 days
3. Heron Walk - 10; $71,330; 72 days
4. Forest Park - 10; $71,330; 72 days
Ashland City only had 4 sales in 2008 and averaged $89,500 sales price. Joelton had 41 sales in 2008 averaging $174,429. Mount Juliet (Davidson) had 11 sales averaging $283,528. Pegram had 5 sales averaging $196,200. Whites Creek had 34 sales averaging $176,775. Nolensville (Davidson) had 58 sales averaging $267,773 which were mostly in Burkitt Place neighborhood (with a handful in Carothers Crossing). Most of the 2007 numbers were similar in these cities, except Nolensville and Mount Juliet which were down by almost 1/2 in 2008 compared to 2007.
This data should not be used as a comparative market analysis in buying or selling a home. While average sold values may have increased or decreased from prior years, the number and types of homes sold were different from year to year, which may or may not reflect an accurate increase or decrease in value for that particular neighborhood. Many factors not analyzed here contribute to a true comparative market analysis. A Realtor can give you the most recent sales data of “like” properties to present a more accurate picture of a home’s value. If you do not already have a Realtor in which you are working, contact me at 615-739-2944 or denawilliams@kw.com for additional sales data and statistics in Davidson County.
