Housing Numbers for Smyrna & LaVergne
Smyrna2007
Homes currently on the market in Smyrna: 348
Home under contract (pending): 140
Homes closed in May 2007: 82
Homes closed Jan. 1 - May 31, 2007: 376
2006
Homes closed in May 2006: 84
Homes closed Jan. 1 - May 31, 2006: 348
Current
Least expensive: $97,100 (998 square feet, 2 bedroom, 2 bath, zero lot line on Dellwood Dr.).
Most expensive: $649,900 (this home has a contract on it, but is located in Hidden Valley and has 4706 square feet, four bedrooms, three and a half baths).
Total number of homes for sale for over $300,000: 26
LaVergne
2007
Homes currently on the market: 405
Home under contract (pending): 83
Homes closed in May 2007: 72
Homes closed Jan. 1 - May 31, 2007: 304
2006
Homes closed in May 2006: 84
Homes closed Jan. 1 - May 31, 2006: 406
Least expensive: $25,900 (mobile home in Driftwood Village currently under contract. The home itself is uninhabitable according to the listing agent on the MLS). Next least expensive: $40,000 on Fergus Road that just came on the market this week.
Most expensive: $452,900 in McFarlin Pointe. Four bedrooms, two and half baths, 4008 square feet.
Total number of homes for sale for over $300,000: 28
This research definitely shows a tale of two cities. Smyrna real estate market is right on track, and perhaps a little ahead of the numbers from last year. However, the number of homes sold from last Jan-May (2006) to those sold this Jan-May (2007) in LaVergne dropped 25% this year. The good news for LaVergne, however, is the numbers seem to be leveling again when you compare May to May (2006 v. 2007), so my thoughts are the market is picking up again. I hope gas prices stabilize so that consumers can regain confidence and get back to investing in purchasing their own homes!
Labels: housing market, lavergne, smyrna real estate
posted by Kathy T. @ 9:01 AM
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