In Westhaven Subdivision right now (July 9th, 2010) there are 83 active homes for sale listed in the MLS. The average home list price is $583, 414 and on average they have been listed for over 3 months. About 9 homes per month are selling in Westhaven at this time and that means that there is 9.2 months of active inventory. This is very synonymous with the rest of Williamson County with 9.7 months of inventory. The market in Westhaven is trending up as the PENDING RATIO is over 14% compared to about 9% for the rest of the county. Last reported Nationwide numbers are for May at 8.3 months of supply.
The average price of homes sold over the past 6 months is $501,078 and the average size is 3179 square feet.
To look at the details of each property that has sold since June 2010 click the table below.
This is still not to say that this community is without distressed home sales and home prices that are still declined from the market of 2007.
Some of the recent property updates:
462 Wire Grass Ln Price Reduced to $534,900
1305 Eliot Road sold for $418,000
104 Majestic Lane Price reduced to $679,000
213 Morning Mist Ln SOLD for $490,000
1205 State Blvd was newly listed at $799,900
These properties are not listed by The Grumbles Team nor EXIT Realty of the South, we are just sharing with you the status updates from the Multiple Listing Service.
4th of July video clip:
There are changes DAILY in the Westhaven subdivision housing market so if you would like daily or weekly email alerts to those changes please contact me and I can set that up for you personally. Also the chart to the right shows that the Middle TN market is rebounding. Click the chart to zoom in for details. The chart indicates the total number of units sold, excluding Commercial and Rentals, in all of Middle Tennessee. It looks as though a new NORMAL is being defined. Stay tuned to my blogs to keep up with these trends and review this market research.
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
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