by Flint Adam, Bent Creek resident & REALTOR®
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blog updated 8/2/2021
Uh, where did the summer go?
I find it hard to believe that kids are heading back to school this Friday and we’ll soon begin transitioning to fall schedules and weather (hurray!)
This also means we’re approaching the end of peak real estate season, which this year has looked different than any other. Low inventory and high demand fueled an all-out reset of property values.
Through the first seven months of this year, there are 21% fewer sales in Bent Creek than through the same time period last year… and 31% fewer than through the first seven months of 2019. Coupled with low interest rates and increased demand, Bent Creek property values rose from an average $438,550 two years ago to $548,176 today, a 25% increase in value.
There are signs the market is stabilizing, though. Outside of Williamson County, days on market are growing and price reductions are appearing. It won’t be long before our county follows suit. This news benefits both buyers and sellers: for buyers, the days of incredible competition and bidding wars may be subsiding… and for sellers, it means we may be at or near peak-value, reducing the fear of missing out on extra cash by waiting to sell.
Want a more detailed perspective on what’s happening in our neighborhood, Nolensville, or Greater Nashville? Give me a call! I’m at your service. 615.500.6393
1 NEW BENT CREEK LISTINGS LAST WEEK
0 BENT CREEK CLOSINGS LAST WEEK
This page will be updated weekly with key Bent Creek real estate data. Further down the page, you can also check out what’s currently listed for sale on MLS right here in the neighborhood.
NEIGHBORHOOD SALES STATS
BENT CREEK 2021 REAL ESTATE SALES (AS OF 8/2/2021):
Bent Creek 2021 total sales so far: 34
Bent Creek 2021 avg. sales price: $548,176
Bent Creek 2021 avg. sold price/sf: $194
Bent Creek 2021 avg. days on market: 2
Want to know what a particular home in our neighborhood sold for regardless of date? Email me at email@example.com for a report.
BENT CREEK 2020 REAL ESTATE SALES FINAL STATS:
Bent Creek total 2020 sales: 74 (up 2.78% year over year)
Bent Creek 2020 new home sales: 4 (up 33% year over year)
Bent Creek 2020 existing home sales: 70 (up 1.45% year over year)
Bent Creek 2020 new home avg. sales price: $561,316 (up 2.62% year over year)
Bent Creek 2020 existing home avg. sales price: $460,916 (up 4.61% year over year)
Bent Creek 2020 lowest closing price: $296,500
Bent Creek 2020 highest closing price: $594,000
SCHEDULE A NO-COMMITMENT, HOME PRICE EVALUATION:
Does Zillow know about the kitchen renovations you made last year? Can Trulia tell the difference between a custom-built Bent Creek home and one built by a national builder? No computer algorithm truly understands what makes your home unique, that’s why you need to speak with a neighborhood real estate expert who has closed more than 40 Bent Creek homes!
I have earned the Pricing Strategy Advisor certification – additional education specifically geared toward making me your home pricing expert!
I am also a designated Seller Representative Specialist (SRS) with specialized training in helping homeowners sell their homes for the most money in the least amount of time!
Flint Adam’s historical Bent Creek listing stats (as of 6/21/2021):
Number of Bent Creek listings sold: 50
Avg. Days on Market: 20
List Price to Sales Price Ratio: 99.49%
CLICK HERE and schedule your no-obligation home evaluation today!
CURRENT SUPPLY OF BENT CREEK HOMES:
The above illustrates how many months of housing inventory are currently available in Bent Creek and Nolensville (Williamson County addresses). This includes under contract sales that are listed as “still showing, accepting back-up offers”.
A normal/balanced supply of housing inventory is considered to be six months worth, meaning neither buyers nor sellers are at an advantage and there is enough supply that it would take six months for everything currently available to sell.
Less than six month’s supply is considered a seller’s market, and greater than six month’s supply is considered a buyer’s market.