Nashville Real Estate Talk

Willoughby Station Leads Mt. Juliet in Sales of Existing Homes 2010.

By now you probably know that Mt. Juliet leads all of Tennessee in sales of New Homes.  Mt. Juliet is rated #29 in the USA for new homes sales.  And we all know that Providence leads Mt. Juliet in the sale of thse new homes.

But did you know that Mt. Juliet is also among the leaders in Tennessee for sales of existing homes?

And what neighborhood leads Mt. Juliet?  If you guessed Willoughby Station you were right.  Since May 1 Willoughby Station accounts for more than 10% of existing home sales in Mt. Juliet.

But even more important, Since May 1, there have been 13 homes to sell or go under contract  in Willoughby Station. That’s more than 1/3 of the 36 homes that were available in just 5 weeks.

I Real Estate we describe a Balanced Market ( neither a buyers- nor a sellers market), as one where ” there is a 6 month supply of homes at the present rate of sales”.

Willoughby Station is a Balanced Market.

Willoughby Station has 13 Homes sales'pendings in the last 5 weeks

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Mt. Juliet Market Reports

May New Home Sales Down? Not in Mt. Juliet

mt. Juliet new home sales may 2010

May sales of new homes in Mt. Juliet were actually UP by 2.5% over April.

Here are the stats:

Mt. Juliet New Homes selling at 400 unit annual rate

38 New Homes sold in May-

Now here’s April’s graph

So, 37 units in April and 38 in May. The demand for new homes in Mt. Juliet continues. All this shows is that national statistics don’t tell the whole story.  Every neighborhood is different.

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We’re experts at negotiating with builders,  call us to discuss negotiating a fair price for new home in Mt. Juliet

Jim & Cathy Wood

615-481-7609