by Flint Adam, Nolensville resident & Realtor®
UPDATED Friday, August 7, 2015 with official stats
Nolensville’s July residential real estate sales remained hot, though volume eased back slightly from June’s figures.
Meanwhile, I’m anticipating a strong August as I saw numerous listings go under contract the final two weeks of July. I, myself, represent 7 Nolensville listings that went under contract in the past three weeks and I represent 1 Nolensville buyer set to close in August.
I also managed to close on the sale of my own Bent Creek home in July… so I’m pretty darn refreshed on what all of you go through in a transaction. Whew! (More on that further down).
So, without further adieu… here’s your July real estate recap…
The Williamson County Association of Realtors has released the final sales figures. Keep in mind these numbers do not include For Sale By Owner or Nolensville properties outside of Williamson County:
- Single-Family Homes Closed: 43… down from 47 in June
- Median Sold Price: $395,900… down from $399,900 in June
- Avg. Days on Market: 40… down from 62 in June
- Number of new construction sales: 20… down from 21 in June
- Existing home sales: 23… down from 26 in June
- Median Sales Price/Square Foot: $141.39/sf
Bent Creek again led the pack with 18 closings overall – 6 of them in the new 55+ community, The Cottages at Bent Creek. Only 5 Bent Creek sales were existing homes.
Brittain Downs came in second with 5 closings. Benington and Ballenger Farms each had 3 closings to tie for 3rd.
The average year built of the 22 existing home sales was 2006… with an average sales price of $417,643.
Interested in up to date sales figures? I’m rolling out a new feature for readers – I’ll email you a daily update on Nolensville real estate… complete with new listings, what has gone pending, and recent sales. Just shoot me an email with your name and preferred email to firstname.lastname@example.org
Visualizing the Numbers…
(These graphs represent the preliminary sales data logged on August 1, 2015).
Time now for a visual representation of our sales figures year-to-date. This is Nolensville residential sales data as reported by our local MLS (RealTracs) and only cites the Williamson County sales figures. For Sale by Owner and Nolensville homes in Davidson and Rutherford counties are not included.
First off – here’s a line graph comparing month-by-month home sales in Nolensville for 2014 and 2015.
First, I want to draw your attention to the blue line that represents Nolensville home sales in 2014…
Notice how steady the line appears, with slight dips in February and June, but overall the numbers progressively move up throughout. I’d call that a pretty comfortable sales cycle.
When you look at the red line, though, representing 2015 residential sales, it gets a little jarring at times. Topsy-turvy from January through May before we hit a peak in June and dip in July. This year has provided more of a roller coaster ride with uncertainty over interest rates, investor confidence/fear in the stock market, wonky appraisals, and home affordability beginning to wane.
Meanwhile, after trailing last year’s total sales figures through much of 2015, we finally surpassed them in June and remain slightly ahead of the curve through July.
I feel we still have a good chance of ending 2015 with year-over-year growth, but I think December will be a wild-card. We blew it out in 2014 with 47 sales in an unusually active December… and that will be hard to duplicate. If we fail to push significantly ahead in these next couple months, we could very well end the year flat on sales volume.
Sales-prices, meanwhile, will undoubtedly be higher year-over-year.
I recently listed my 18th Nolensville listing of 2015… a beautiful Patterson-built home located at 6001 Fishing Creek Road in Bent Creek.
This home is just over two years old and represents a great value under $390,000. Try comparing it to the cost of building a brand new Patterson home in the neighborhood and you’ll quickly realize what a great opportunity this is for your family.
The home also features a great, fenced back yard with plenty of mature trees for privacy.
I feel very blessed to have worked with so many wonderful Nolensville families so far this year. Including buyers, I’ve been involved in 24 Nolensville residential transactions so far in 2015. My chief objective has been to serve the community I live in and love, and represent buyers and sellers in making their goals happen.
I’ve also been successful moving properties quickly. In fact, 8 of my Nolensville listings in 2015 have gone under contract in 18 days or less. I focus my real estate practice in this town, and I’d be honored to represent your family next!
Moving… Yeah, Not So Much Fun
It’s been a while since I’ve had to do it myself, and this marks the first time I’ve done it as a married man and father – move. July was a personal clinic in fast-paced selling, packing, moving, and closing for yours truly. My home sale, from start to finish, took about 5 weeks.
It made an impression on me as I work with folks going forward. In today’s market, accurately-priced and effectively marketed Nolensville homes tend to go under contract quickly. It has come as a surprise to some of the folks I’ve represented, and ends with a frenzied rush of activity to get thing settled by closing day.
My best advice is if you’re planning on selling folks, begin packing as soon as possible… maybe even before you put the home on the market! The week’s go by fast… and the days leading up to closing are stressful, active, and emotional… even for those of us who do it for a living. 🙂
Oh – and don’t worry, I’m not leaving Nolensville… or even Bent Creek! My family is building our dream home and staying in the neighborhood we dearly love.
I’m a Nolensville TN resident… I’m a Nolensville TN Realtor®… and I always offer a complimentary, no commitment, no pressure Comparative Market Analysis for my neighbors. Please let me know how I may assist you in the sale or purchase of a Nolensville property.
Note: The above information cites Williamson County sales data for Nolensville, Tennessee. There are, of course, a handful of Nolensville properties that also exist in Davidson and Rutherford counties, but for the purpose of this article I am focusing on Williamson County since a majority of Nolensville addresses fall within this geographic area.