Franklin Real Estate News: February 2010

Nashville home values down 0.4 percent - According to Zillow, Nashville home prices have been very stable for the last 12 months. Most of the customers I speak with are very concerned by the media representation of real estate values constantly eroding. According to Zillow, it's not the case in Nashville.

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Inspecting real estate in Nashville, TN ~ Garage door safety...
     Garage doors are the largest moving object in your home. Child and pet safety are major areas of concern when purchasing or having your new home inspected. Municipalities and insurance companies now require photo eyes to be installed on all mechanically operated garage doors. As a general rule, these are to be placed between 4-6" above the garage floor. 
     Every now and then, the placement of these safety items is overlooked during the new construction process. While these are supposed to be checked by local building officials prior to a house being issued a CO (Certificate of Occupancy), these often get overlooked during the final inspection. Thankfully, the home inspection process catches these items to ensure as safe dwelling for you and your family.

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Nashville Home Sales up 29 percent for the 4th quarter of 2009. According to the GNAR, there were 5,730 closings in the region, which is a 29.8 percent increase over the 4,413 closings in the 4th quarter of 2008.

The median residential price for Nashville Homes in December of this year was $164,000 and for a condominium the median price was $149,900. That compares with median prices of $163,750 and $132,062 respectively in December of last year. And, there were 1,339 sales pending at the end of December 2009, compared with 1,250 at the end of December of 2008.

Nashville real estate inventory is down to 20,774, compared with 21,274 in December of 2008.

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 Providence is a development with 8 communities. with shoppng and dining convenintl located next to I-840, it's a short commute to downtown Nashville. With prices ranging from $170,000 for zero lot line 1200 square ft homes to Luxury estate homes over $500,000, Providence has a lot to offer including a Del Webb Adult Living community for active adults over 55, Del Webb offers luxury living,One level floor plans, With a 24,000 Sq. Ft. Clubhouse including indoor&outdoor pools,hot tubs, planned activities,fitness center,tennis,bocce,pickleball,walking trails,fish&canoe in lake, and a Lifestyle director
Click here To search for Providence Real Estate, or Homes in Providence,

  

Spring Hill Home Sales for Jan 2010 were as follows

• 24 Spring Hill Homes were sold in January
  
• 74 homes are under contract at the end of the
  
• 458 homes are available and not under contract
• The average size of Spring Hill homes sold was 2401 square ft
  
• The average sales price of Spring Hill Homes sold in January was $212,721
  
• The average sold price to list price comparison was 98 percent

 Click here to search for Spring Hill Homes.

  

Murfreesboro Homes Sales for January - Based on information obtained from the Nashville Multiple listing service.

• 74 homes were sold in Murfeesboro in January
• 187 Murfreesboro homes were under contract
• 873 Murfreesboro homes are currently active
• Average days on market of homes sold was 85
• Average price of homes sold was $162,451

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Green Hills Home Sales for Jan 2010 were as follows

• 10 Green Hills Homes were sold in January
• 15 homes are under contract at the end of the month
• 192 homes are available and not under contract
• The average size of Green Hills homes sold was 4129 square ft
• The average sales price of Green Hills homes sold in January was $780,490
• The average sold price to list price comparison was 96 percent

Click here to search for Green Hills Homes.

  

Brentwood Home Sales for Jan 2010 were as follows

• 25 Brentwood Homes were sold in January
• 70 homes are under contract at the end of the month
• 369 Brentwood homes are available and not under contract
• The average size of Brentwood homes sold was 4197 square ft
• The average sales price of Brentwood homes sold in January was $577,644
• The average sold price to list price comparison was 97 percent

Click here to search for Brentwood homes.

  

Franklin Home Sales for Jan 2010 were as follows

• 48 Franklin homes were sold in January
• 176 Franklin homes are under contract at the end of the month
• 732 Franklin homes are available and not under contract
• The average size of Franklin homes sold was 3002 square ft
• The average sales price of Franklin homes sold in January was $363,205
• The average days on market was 115

Click here to search for Franklin homes .[/caption]

  

Franklin's Mayor and Board of ALdermen have yet to decide on the design of the Goose Creek exit.
"We don't have all the information ready to present to the board," said Mayor John Schroer. "We are still waiting to hear back from TDOT."

The state has said if Franklin officials do not want to spend the additional $4.8 million for the SPUI, they will redesign the project, but the city will have to pay for the design work already done. That is the number Schroer and others are waiting on.
Franklin asked TDOT to use a SPUI at the Goose Creek interchange and city staff continue to recommend the design due to development pressures in the area.

 CIP Executive Dave Parker and City Administrator Eric Stuckey said traffic volumes already exceed limits where a SPUI - "which are considered to have more capacity than diamond interchanges" - are warranted. Complicating the matter is the fact neither man believes the traffic count projected by the Metropolitan Planning Organization take into account the Berry Farms development, which includes 400 residential units and 2.2 million square feet of commercial and office use in the area.

During the 7 p.m. voting meeting, aldermen delayed the matter until Feb. 9.

Many people think that without the exchange and expanding I-65 to 4 lanes, Development south of highway 96 will be very slow.