Published December 13, 2010

Westhaven Traditional Neighborhood Development Real Estate Market Review December 2010, Franklin TN Real Estate Market Analysis

Written by Joey McCloskey

The Real estate Market at the Traditional Town Center Neighborhood Development is still active even as we head into the Holiday season. So if you have recently withdrawn or let your home EXPIRE on the MLS, give us a call to see “Why Homes Still Sell during the Holidays!”

Click on the Statistics table above to view in detail the real estate market for the past 6 months in Westhaven Community. The rate of home sales slowed from 11.5 to 10.8 homes per month over the past 6 months. To compare those numbers to the rest of the county we calculate the months of inventory. The table below shows that calculation.

Westhaven has 7.6 months of inventory at the current absorption rate. That is compared to 7.9 months for all of Franklin Real Estate and to 8.4 for all of Williamson County Real Estate. So Westhaven is statistically holding it’s own right now. The lowest sales price in Westhaven in the past 6 months was $282,500, while the highest was $907,976 which was for the “Wedding Cale” house located on Morning Mist. The Median Home sale was $475,000. The Pending Ratio for December report has dropped off to 8.5% from 13.6% indicating that December and likely January will be a slower sales month.

Many residents are taking advantage of the reduced interest rates and lower prices to move-up in Westhaven. If you would like a detailed personal analysis of how these numbers impact your decision to grow in Westhaven, to relocate to Westhaven or to sell your home in Westhaven then please contact The Grumbles Team for a personal and complete market review and valuation fo your home.