Harpeth Trace is set high in the heavily wooded hills of West Nashville right across from Percy Warner Park. The neighborhood includes flats, condos and single family homes in a wonderfully serene setting.

Williamson County Real Estate sales

Williamson County saw 2,743 sales in 2008 with an average sold price of $430,633 in 82 days. The cities: Brentwood, Franklin, Thompsons Station, Spring Hill, Nolensville, Fairview, Arrington and College Grove are analyzed below by their top selling subdivisions (number sold in 2008; average sold price; average days on the market).

Brentwood TN real estate sales

Brentwood residential real estate as a whole saw 532 homes sold in 2008 with an average sold price of $654,598 in approximately 87 days. The number of sales is down from 748 in 2007. The following subdivisions saw the biggest volume in sold homes in 2008 (number sold, average sold price, average days on market).

1. Brookfield - 31; $579,089; 136 days. This number was down from 56 in 2007, and the average sold price was just slightly down in 2008.

2. Annandale - 25; $1,227,495; 79 days. This number was down from 42 in 2007, and the average sold price was up by 3% in 2008.

3. Governor’s Club - 20; $956,577; 102 days. This number was down from 27 in 2007, and the average sold price was actually down 23% compared to those sold in 2007.

4. Copperstone - 19; $644,036; 127 days. This number was down from 28 in 2007, and the average sold price was down 5% compared to 2007.

5. Fountainbrooke - 17; $621,823; 78 days. This number was up from 11 in 2007, but the average sold price was down 7% compared to 2007.

6. Belle Rive - 17; $766,467; 95 days. This number is up from 11 sold in 2007, but the average sold price was down 4% compared to 2007.

7. Inglehame Farms - 17; $735,284; 84 days. This number is down from 20 sold in 2007, but the average sold price was up 2% compared to 2007.

Other top selling neighborhoods included: Brenthaven, Taramore, Meadow Lake, Willowmet, River Oaks, Highland Park, Courtside @ Southern Woods, and Brentmeade.

Franklin TN real estate sales

Franklin residential real estate as a whole saw 1,285 homes sold in 2008 with an average sold price of $430,362 in approximately 78 days. This was down from 1,831 sold in 2007. The following subdivisions in Franklin, TN saw the biggest volume in sold homes in 2008 (number sold, average sold price, average days on market).

1. Fieldstone Farms - 122; $313,238; 79 days. This number was down from 158 in 2007, and the average sold price was also down 4$ from 2007.

2. Westhaven - 101; $626,815; 90 days. This number was down from 137 in 2007 with average sold prices also down 7% from 2007.

3. McKays Mill - 69; $419184; 48 days. This number was considerably down from 209 in 2007, but average sold prices were up 7%.

4. Franklin Green - 54; $244,399; 78 days. The number was slightly down from 57 in 2007 and the average sold price was virtually the same.

5. Avalon - 49; $511,715; 67 days. This number was down from 86 in 2007, and the average sold price was down 6%.

6. Village of Clovercroft - 49; $399,460; 6 days. Only two were sold in 2007 because it was a new development.

7. Forrest Crossing - 39; $323,848; 69 days. This number is slightly down from 41 in 2007, but average sold price was up 5%.

8. Sullivan Farms - 39; $334,154; 83 days. This number is down from 59, but the average sold price was down 5%.

9. Garden Club - 33; $505,263; 60 days. This number is up from 26 in 2007, but the average sold price was down 12%.

10. Polk Place - 30; $39,945; 83 days. This number was up from 25 in 2007, but the average sold price was down 5%.

Other high volume neighborhoods in 2008 in Franklin were: Willow Springs, Temple Hills, Riverview Park, Maplewood, Leipers Fork, Downtown Franklin, Ladd Park, Gateway Village, Founders Pointe, Cottonwood, Cool Springs East and more…

Nolensville TN real estate sales

Nolenville residential real estate as a whole saw 194 homes sold in 2008 with an average sold price of $355,261 in approximately 60 days. This number was down from 349 in 2007. The following subdivisions in Nolensville, TN saw the biggest volume in sold homes in 2008 (number sold, average sold price, average days on market).

1. Bent Creek - 42; $348,074; 57 days. This was down from 95 sold in 2007 and the average sold price decreased slightly at 1%.

2. Silver Stream - 28; $335,369; 6 days. This was down up from 15 in 2007, and the average sold price decreased 4%.

3. Ballenger Farms - 23; $277,175; 132 days. This was down from 80 in 2007, and the average old price was down 5%.

4. Winterset Woods - 22; $317,775; 56 days. This number was down from 40 in 2007, and the average sold price was down 7%.

5. Stonebrook - 16; $240,987; 95 days. This number was down from 28 in 2007, and the average sold price was down 8%.

Spring Hill TN real estate sales

Spring Hill residential real estate as a whole saw 363 homes sold in 2008 with an average sold price of $$270,784 in approximately 90 days. This was down from 603 sold in 2007. The following subdivisions in Spring Hill, TN saw the biggest volume in sold homes in 2008 (number sold, average sold price, average days on market).

1. Wyngate - 38; $215,361; 82 days. This number was down from 50 in 2007, but the average sold value was up 2%.

2. Autumn Ridge - 31; $434,949; 140 days. This number was up from 17 sold in 2007, and the average sold value was up by a couple of thousand…not quite 1%.

3. Cherry Grove - 31; $417,937; 95 days. This number was down from 70 in 2007, but the average sold value was up 9% from 2007 to 2008.

4. Campbell Station 21; $332,682; 79 days. This is down from 38 in 2007, and the average sold value was down 13%.

Other subdivisions with a fair number of 2008 sales included: Chapmans Retreat, Chapmans Crossing and Willow Vale.

Thompsons Station TN real estate sales

Thompsons Station residential real estate as a whole saw 185 homes sold in 2008 with an average sold price of $$306,101 in approximately 108 days. This was down from 224 sold in 2007. The following subdivisions in Thompsons Station, TN saw the biggest volume in sold homes in 2008 (number sold, average sold price, average days on market).

1. Cameron Farms - 26; $213,527; 73 days. This was down from 36 in 2007, and the average sold price was down by 4%.

2. Crowne Pointe - 25; $263,292; 102 days. This was slightly down from 22 in 2007, and the average sold price was down by 10%.

3. Newport Crossing - 25; $200,949; 83 days. This was slightly down from 24 sold in 2007, and the average sold price was down by 5%.

4. Tollgate Village - 18; $427,922; 155 days. This was down from 27 sold in 2007, and the average sold price was also down 15%.

Fairview TN real estate sales

Fairview residential real estate as a whole saw 127 homes sold in 2008 with an average sold price of $$215,939 in approximately 81 days. This was down from 224 sold in 2007. Fairview, TN did not have many subdivisions with more than a small handful of sales (most were spread across many subdivisions or not within subdivisions), but the two with the most in 2008 are represented below (number sold, average sold price, average days on market).

1. Fernvale Heights - 11; $129,939; 81 days. This was up from 6 in 2007, but average sold prices went down 7%.

2. Castleberry Farms - 10: $299,030; 100 days. This was down from 14 in 2007, and average sold prices went down 19%.

Other cities exist within Williamson County with small numbers of sales in 2008. They include: Primm Springs - 3 sold, $118,167 average, 62 days; College Grove - 17 sold, $391,847, 77 days; a small section of Nashville - 18, $594,334, 71 days (mostly in Horseshoe Bend subdivision); Eagleview - 2 sold, $248,563, 118 days; Arrington - 16, $631,699, 118 days; and Columbia - 1, $279,800, 91 days.

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 Williamson County.

Nashville real estate 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 real estate subdivisions in Davidson County cities just within Nashville. Other cities were covered in another post.

Nashville real estate sales

Nashville residential real estate sales totaled 4,315 in 2008 at an average price of $250,480 with 73 days on the market on average. The number of homes sold is down from 5,745 in 2007. Top selling Nashville TN neighborhoods in 2008 (subdivision, number sold, average price, average days on market) are broken down by “Area” below.

Area 1 (Murfreesboro Road to I65)

Area 1 made up 825 of Nashville sales in 2008 averaging $180,689 and 72 days on the market. Top selling neighborhoods in Nashville within Area 1 (South Nashville) were:

1. Crieve Hall - 80; $234,100; 56 days. The count was down from 111 sold in 2007, but the average sold prices have increased 1.7% compared to 2007.

2. Bradford Hills - 32; $205,080; 72 days. The count was down from 43 sales in 2007. Average sold prices were also down by 2.5% on average compared to 2007.

3. Villages of Brentwood - 24; $173,241; 93 days. The count was down by 1 from 2007. Average sold prices were also down by 2% on average compared to 2007.

4. Stone Creek Park - 21; $329,989; 85 days. The count was down from 36 in 2007. Average sold prices were also down by 13% on average compared to 2007.

5. Brookview Forest - 18; $307,074; 48 days. The count was down from 36 in 2007. Average sold prices were also down by 3% on average compared to 2007.

Other neighborhoods with notable sales in 2008 included: Hillbrook, Holt Woods, Sugar Valley, Huntington Park, The Woodlands, Wexford Downs, Whispering Hills, Christiansted Valley, Caldwell Hall and Barnes Bend.

Area 2 (I65 to Charlotte Pike)

Area 2 of Nashville saw 1,420 sales averaging $453,716 and 79 days on the market. This number is down from 1,855 in 2007. In Area 2, you’ll see lots of cross-collaterialization between neighborhoods. Top selling neighborhoods in Nashville within Area 2 (SouthWest Nashville) were:

1. Green Hills - 137; $629,377; 80 days. The number of sales was down from 175 in 2007, but sold prices were actually UP 9% in 2008 compared to 2007. Some of these are strictly Green Hills, but you’ll find any combination in the MLS of Green Hills with other neighborhoods like: 12 South, Belle Meade, Harpeth Acres, Golf Club, Lipscomb, Woodward, Woodmont, Battlefield, Vandy, Whitland, Rolling Meadow, Wimbledon Area, Belmont and Woodlawn.

2. Belmont - 108; $404,910; 81 days. The number of sales was down from 135 in 2007, but sold prices were actually up 3% in 2008 compared to 2007. The Belmont area is often seen alone or in combination with any of the following neighborhoods: 12 South, Waverly, Hillsboro, Hillsboro Village, Green Hills, or Music Row.

3. West Meade - 68; $524,364; 77 days. The number of sales was down from 116 in 2007, but the average sold price is up about 7% compared to 2007.

4. Belle Meade - 65; $1,227,900; 93 days. The number of sales was down from 90 in 2007, but sold prices were actually up 11% compared to 2007.

5. Sylvan Park - 64; $314,365; 71 days. The number of sales was down from 103 sold in 2007, but sold prices were actually up 3% in 2008 compared to 2007.

6. Hillsboro Area - 58; $460,172; 79 days. The number of sales was 57 in 2007. Average sold prices were down 4% from 2007 in 2008. Hillsboro is often identified and combined as Hillsboro, Hillsboro Pike, Hillsboro Village, Vanderbilt, Vandy, Belmont, and West End.

7. Riverwalk - 55; $250,232; 96 days. The number of sales was down from 108 sold in 2007, and average sold price was down 3% compared to 2007.

8. Oak Hill - 53; $521,160; 86 days. The number of sales was down slightly from 56 in 2007, but average sold price was up 1% compared to 2007.

9. Forest Hills - 35; $693,300; 96. The number of sales was down from 52 in 2007, but the average sold price was up 13% compared to 2007.

10. Traceside -27; $303,092; 76 days. The number of sales was up from 25 in 2007, but the average sold price was down 9% from 2007.

11. Boone Trace - 26; $212,038; 63 days. The number of sales was down from 30 in 2007 and 1.7% in average sold price compared to 2007.

12. Richland - 26; $565,076; 79 days. The number of sales was about the same in 2007, but the average sold price is up about 20% compared to 2007. Richland is sometimes viewed as Historic Richland or seen in combination with West End or occasionally with Cherokee Park.

Other neighborhoods with a reasonable number of sales were Vanderbilt, Sylvan Heights, Somerset Farms, Rolling River, Riverside, Lipscomb, Lexington Point, Kenner Manor, Hillwood Area, 12 South, Brookside, Burton Hills, Cherokee Park, Edgehill, and Harpeth Valley Park.

Area 3 (Charlotte Pike to Cumberland River)

Area 3 of Nashville saw 287 sales averaging $115,542 and 75 days on the market. This number is down from 488 in 2007. Top selling neighborhoods in Nashville within Area 3 were:

1. West Nashville area - 28; $121,075; 77 days. The number was down from 33 in 2007 but the average sold price was up 10% from 2007.

2. Charlotte Park - 24; $159,225; 72 days. Total sold was down from 35 in 2007 along with the average sold price by 4%.

3. Germantown/Salemtown: 11; $237,454; 68 days. Total sold was down from 28 in 2007, along with the average sold decrease by 9%.

Area 4 (Cumberland River to Clarksville Pike)

Area 4 of Nashville saw 143 sales averaging $140,431 and 57 days on the market. This number is down from 119 in 2007. Top selling neighborhoods in Nashville within Area 4 were:

1. Jordan Ridge @ Eaton’s Creek - 48; $201,619; 51 days. This was a new development in 2008 and did not see activity in 2007.

2. Bordeaux Hills - 20; $63,301; 46 days. This was actually up by 2 sales, but the average sold price was drastically down from 2007 in 2008 by 26%

Area 5 (Clarksville Pike to Dickerson Pike)

Area 5 of Nashville saw 286 sales averaging $113,960 and 80 days on the market. This number is down from 619 in 2007. Top selling neighborhoods in Nashville within Area 5 were:

1. Brookview - 24; $147,186; 32 days. This number was down from 78 sales in 2007 with the average sold price down 2% in 2008.

2. Parkwood - 21; $87,995; 89 days. This number is up slightly from 18 in 2007 where the average sold price was also down 19%.

3. Haynes Manor - 16; $100,141; 107 days. This number is up slightly from 13 in 2007, and the average sold price was also up 5%.

Area 6 (Dickerson Pike to Cumberland River)

Area 6 of Nashville saw 828 sales averaging $154,944 and 66 days on the market. This number is down from 1,628 in 2007. Top selling neighborhoods in Nashville within Area 6 were:

1. Inglewood - 93; $176,040; 67 days. This number was down from 136 in 2007, but the average sold price was up by 5%.

2. Lockeland Springs - 78; $278,339; 64 days. This number was down from 105 in 2007, but the average sold price was up by 12%.

3. Eastwood Neighbors - 27; $230,699; 72 days. This number was down from 51 in 2007, but the average sold price was up by 12%.

4. Joywood Heights - 24; $93,788; 88 days. This number was down from 36 in 2007, but average sold price was up 25%.

5.Edgefield - 20; $244,350; 69 days. This number was up slightly from 19 in 2007, but the average sold price was down by 2%.

6. Cleveland Park - 20; $127,024; 73 days; This number was down from 33 sales in 2007, but average sold price was virtually the same in 2007 and 2008.

Area 7 (Cumberland River to I40 E)

Area 7of Nashville saw 321 sales averaging $141,277 and 68 days on the market. This number is down from 444 in 2007. Top selling neighborhoods in Nashville within Area 7 were:

1. River Glen - 25; $120,215; 84 days. This number was down from 37 in 2007, but the average sold prices were virtually the same…slightly higher in 2008.

2. River Trace - 19; $147,484; 72 days. This number was down slightly from 23 in 2007, but average sold prices were up 8% in 2008.

3. Abington Park - 18; $176,997; 76 days. This number was down from 26 in 2007, but average sold prices were up 3% in 2008.

4. Donelson Area - 17; $136,002; 67 days. This number was down from 19 in 2007, and the average sold prices were also down by 12% in 2008.

5. Cloverhill - 16; $117, 528; 49 days. This number is down from 30 in 2007, but the average sold prices were up 5% in 2008.

Area 8 (I40 E to Murfreesboro Rd)

Area 8 of Nashville saw 205 sales averaging $136,576 and 85 days on the market. This number is down from 246 in 2007. Top selling neighborhoods in Nashville within Area 8 were:

1. Edge O Lake - 42, $121,909; 92 days. This number was down from 48 in 2007, but the average sold price was up 3% in 2008.

2. Miro Meadows - 18; $85,052; 58 days. This number was up from 12 in 2007, but the average sold price was down 3%.

3. Priest Lake Park - 15; $163,418; 116 days. This number was down from 25 in 2007, and average sold prices were virtually the same both years.

4. Bayview - 12; $157,650; 78 days. This number was down from 17 in 2007, and average sold prices were also down by 14%.

5. Castlegate - 10; $136,900; 93 days. This number was up from 6 in 2007, and the average sold price was also up by 4% in 2008.

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 Nashville and Davidson County.

February reported a decrease in sales from the prior year with 1,267 homes closed this February, which was down 33% from 1,892 last year.
Compared to last month, though, sales are significantly up since January of 2009. Single-family residential closings alone exceed 1,000 units.

The median price for residential was $160,000, with $151,120 for condominiums that compares with $168,000 and $154,650 respectively in February of last year. There were 1,452 sales pending at the end of the month and the number of days on the market for a single-family home was 90 days.

Inventory is up slightly at 23,122 compared to 22,473 last year.

Get the official release or view more information here.