2009: Smyrna Home Sales

First, welcome 2010! As the real estate agent who occasionally writes for this wonderful Smyrna site, I felt it important to provide an overview of the city's housing market from 2009. First some disclosures: these only include residential listings - not condos or land - unless the listing agent categorized the condo or land under residential in our local MLS. Also, I am not an economist... these are numbers I pulled from the search criteria available to me. I didn't "drill down" a lot (for example, I can't tell you that $200,000 sales were down 32 percent or up four point oh eight percent), but if you have specific questions let me know and I can try to find the answers for you.

Overall Smyrna's housing market was surprisingly healthy in 2009. Yes, it was down in the number of homes sold in a five year period, but the drop between 2008 and 2009 nearly leveled off as compared to between 2007 and 2008.



The value of homes remains fairly strong, especially when compared to neighboring LaVergne. This graph shows the total number of homes in a three year period that sold for under $125,000.



Now let's look at the number of homes that sold, by city and by price.



Clearly LaVergne sells many more homes that we can call "affordable" (they cost less) while people pay more in Smyrna. And for you who want more details than just statistics, here's where we are as of today.

HOMES CURRENTLY FOR SALE – 305

Less than $150,000
Total now for sale – 120
Average days on the market – 101
Longest days on the market – 369 (three new construction homes)
Least Expensive: $69,000 in Sagefield subdivision, 950 square feet, 2 bedrooms, 1 bath

$150,001 or Greater
Total now for sale – 185
Average days on the market – 114
Longest days on the market – 625
Most Expensive: $1.5 million 5 acre property with 2008 square foot house, 3 bedrooms, 2 baths. Priced because it backs to Sam Ridley Parkway, so potential commercial. (This is the home with the longest days on the market)

HOMES CURRENTLY FOR SALE, but under contract and PENDING – 35

Average Price – $180,463
Average days on the market – 58
Least Expensive – $49,900 (8 days on the market)
Most Expensive – $349,900 (170 days on the market)

HOMES CLOSED IN 2009 – 511

Up to $100,000 – 60 closed
Least expensive – $8,500 condemned home on Church Street sold as-is; $39,417 on Enon Springs with 1057 square feet, 2 bedrooms, 1 bath; and $50,000 on Enon Springs Road with 1010 square feet, 2 bedrooms, 1 bath.

$100,001 – $125,000 – 95 closed

$125,001 – $150,000 – 121 closed

$150,001 – $200,000 – 160 closed

$200,001 and up – 124 closed
Most expensive Smyrna home sold in 2009: $740,000 in Hidden Valley Farms, 5065 square feet, 4 bedrooms, 3 full, 2 half baths, 78 days on the market.

Expired Listings in 2009 – 308
Withdrawn Listings in 2009 – 396
NOTE: These numbers simply indicate when a listing was either withdrawn (and perhaps re-listed) by owner or it expired (and could also have been listed again).

AND THE UGLY

Current homes listed that are “Distress Sales” – 38
Pending homes in distress – 6
Homes that closed in 2009 as a “Distress Sale” – 150

How do I define a distress sale? A home that has been foreclosed and listed by the VA or HUD or is indicated as bank-owned. In addition, homes that are listed as a short-sale, foreclosure sale, or if it says in the remarks words to the effect of a bank or third-party approval required.

Average price of distress sales: $144,796
Average days on market for distress sales: 106
Number of distress sales for homes valued at more than $175,000: 10

Those are the numbers!! If you have any questions about real estate in middle Tennessee, please feel welcome to contact me. I can be reached by phone (615) 491-2161, office (615) 459-4040, or email kathy at bobparks dot com.

In the market...

As many of you know the housing market has taken a beating but with prices low and many homes on the market, Right now is the best time to buy your new home. As a first time home buyer I have enjoyed the many benefits of owning my very first home. Working out in the yard, planting flowers and even a little entertaining from time to time. If you are thinking about buying your very first home or haven't owned a home in 3 or more years than you have an first time home buyers credit coming to you of $8,000 and it will only be available for another few months. If your looking for a realtor with professional attitude and a caring heart then look no further for I have found you one. She is based in La Vergne Tn and works locally with those that are selling or buying a home. She worked so very hard for me to find me the home of my dreams! Don't be afraid to email her or call her. When calling her tell her I sent you. Good luck and happy house hunting!

Real Estate Numbers for Smyrna

Thought I'd share some real estate numbers for Smyrna.

Homes currently on the market: 343

• Lowest price: $98,700 for a two-bedroom zero lot line on Dellwood.
• Highest price: $649,900 for a four-bedroom, 4706 square foot on Hidden Valley off Rocky Fork Rd.
  

Total homes on market in Smyrna for $250,000 and up: 66

Homes currently under contract in Smyrna: 120

Total homes closed in 2007: 304
Total homes closed Jan 1 - April 30 2006: 264

Homes closed in April 2007: 87
Homes closed in April 2006: 63

I think the real estate market in Smyrna is looking good!

Some Housing Numbers

The housing market has been dire across the nation this year, but I ran some numbers for Smyrna to see where this community sits. The numbers look pretty good!

Homes closed in March 2007: 79
Homes closed in March 2006: 85

Homes closed Jan. 1 - March 31, 2007: 216
Homes closed Jan. 1 - March 31, 2006: 201

Homes currently on the market in Smyrna: 373
Lowest Price: $67,900 (a mobile home on Mill Lane with two bedrooms, 1 bath, and half acre)
Most Expensive: $674,900 (a four bedroom, three and half bath, four car garage home with almost 5,000 square feet, five acres, on Hidden Valley).