As the Grumbles Team analysis of the Total Market Overview report for Williamson County in January 2010 predicted, the sales for January were few and far between. Westhaven had 1 sale in January 2010. The 6 month prior closing count was the lowest we have seen since we started tracking it in August. See the Westhaven Feb 2010 chart here.
The Total Market Overview for February shows that the pending ratio went back up from 1% to 6.2% indicating that February sales will be weaker than the 4th quarter of 2009 but much better than January 2010. The inventory in Williamson county that was going steadily down has jumped in just one month back to the level that is was 6 months prior.
The Westhaven average sales price continues to decline and is now below $160/SqFt. The number of active homes for sale rose to 65 at the end of January. As the residents and the buyers that have been traveling through Westhaven in search of a home can see there are many new homes under construction that are going up quickly. The increase in listings in typical for the time of the year and isn’t a concern.
Another Foreclosure Property has popped up in Westhaven at 410 Weld Elm Street. The price is $122.9/SqFt and it will have a negative impact on home values in the neighborhood. See more details on this property via my website. This property was listed after February 1st but we wanted to make you aware of it as soon as possible.
Six (6) properties are pending for sale at the time of this report. Eight (8) of the 10 withdrawn properties were re-listed for sale, two (2) of those with price reductions.
If you are considering listing your Westhaven home for sale you need to speak with The Grumbles Team to understand these statistics as well as the rest of Williamson County to see how we market properties to generate the most activity from buyers.
The Grumbles Team is our family serving your family with your real estate needs in Franklin, Tennessee 615-587-5843.
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