Nashville Real Estate Market – Whether You Live in Green Hills, Bellevue or East Nashville, Here are some Numbers You will Want to See!

Everyone is so worried about the real estate market right now.  The foreclosures are rising and the ARMs are adjusting and the feds are dropping interest rates and Countrywide is helping 82,000 people refinance and… the list goes on and on! 

As a Real Estate Agent in the Greater Nashville Area, I am constantly being bombarded with questions about what I think the market will do, how it's going, what I think the future holds. 

Well, I am a numbers person and I like to find the facts about what has happened in the Nashville Real Estate Market.  Thanks to http://www.exton.biz/ here is a chart that I think most will find helpful. 

 

Average Sales Price

Location19992000200120022003200420052006Average List Price on 5/1/2007Average List Prive on 10/28/2007Average 2006 Sales Price vs Average 10/28/2007 List Price
Area 1$147,076$151,366$158,907$158,442$158,795$168,070$177,740$187,798$205,795$210,38289.27%
Bellevue$198,016$201,325$197,541$199,223$201,843$216,350$237,168$255,786$292,543$330,81177.32%
Belle Meade$609,443$714,366$806,421$899,052$866,457$1,060,028$1,121,545$1,217,605$1,720,212$1,459,73083.41%
Green Hills$360,000$405,755$398,347$433,546$462,739$470,718$583,113$647,737$957,454$1,096,63459.07%
Westmeade$242,623$271,545$260,393$287,377$278,239$299,393$366,021$411,417$603,002$587,74270.00%
Area 3$79,088$76,245$75,281$77,567$81,653$96,677$99,672$113,045$135,241$134,47384.07%
Area 4$78,705$96,711$105,795$108,972$106,112$111,463$129,597$126,275$142,263$136,78792.32%
Area 5$109,137$108,079$119,782$112,966$116,164$129,577$137,548$138,038$158,740$163,33984.51%
Area 6$91,592$94,096$98,122$103,376$106,434$111,961$121,900$136,855$173,786$181,33475.47%
Area 7$124,540$130,916$134,075$137,879$135,805$143,645$155,769$161,518$206,786$207,30977.91%
Area 8$118,871$117,689$126,177$126,275$127,164$128,308$143,082$146,692$159,005$162,47390.29%
Hendersonville$172,508$176,626$185,681$186,746$192,308$210,391$234,395$242,545$366,914$370,26765.51%
Gallatin$133,829$144,108$133,316$146,779$156,438$182,974$217,600$208,474$355,842$367,07056.79%
Brentwood$420,285$404,955$403,766$409,314$433,702$490,354$549,511$637,212$932,796$902,11270.64%
Franklin$242,049$256,654$262,322$287,701$299,187$331,907$378,479$446,076$658,937$664,42767.14%
Mt Juliet$156,058$160,689$160,274$166,706$168,699$181,814$205,012$238,757$325,352$327,59372.88%
Lebanon$128,931$131,655$145,604$148,195$150,583$160,650$179,343$206,111$313,806$323,79963.65%
Clarksville$96,987$98,805$99,152$105,491$111,818$115,960$128,821$136,543$177,407$175,53377.79%
Dickson$106,037$111,041$110,753$104,911$117,537$113,556$130,010$132,176$192,970$224,46758.88%
Columbia$111,747$113,070$123,491$115,319$121,591$129,018$138,529$147,445$208,084$222,35966.31%
Spring Hill      $205,807$237,581$282,956$288,55182.34%
LaVergne$108,504$111,882$118,737$118,063$122,595$128,794$135,670$148,415$179,876$172,04886.26%
Murfreesboro$135,096$136,712$137,993$141,638$149,593$163,056$183,877$241,744$238,826$245,85198.33%
Smyrna$122,986$126,994$128,631$131,412$135,558$139,667$157,463$167,448$199,377$193,89886.36%
Average$178,005$188,751$195,242$204,650$208,740$229,754$254,903$280,554$382,832$381,20873

If you are finding any of this confusing, please let me know and I will do my best to explain it to you!  Nashville Area's Average Home Prices can help any of you determine what the current market trends are!