Mike Grumbles


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EXIT Realty of the South
Franklin, TN
Ph: 615-555-5550
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204 Winter Hill Road Home for Sale | Fieldstone Farms Home for Sale | Don't Let the $8000 Federal Tax Credit Expire Before Looking at this Home | Qualified for up to $8000 Tax Credit for this Franklin Home?
12/23/2009 at 2:00 PM - Other - Franklin, TN    0 Comments

204 Winter Hill Road Home for Sale | Fieldstone Farms Home for Sale | Don't Let the $8000 Federal Tax Credit Expire Before Looking at this Home | Qualified for up to $8000 Tax Credit for this Franklin Home?

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Are you qualified for up to $8000 in federal tax credits?  If so, this great home for sale in Fieldstone Farms subdivision of Franklin, TN could get you sizeable tax credit.  If you haven't heard about this tax credit then you should call us today at 615.354.3979.

We currently have on the market this home with fabulous views and 4 bedrooms 2.5 bath home with a sunroom and a grand kitchen.


Want to see a Virtual Tour of this home?

Whether your home is for sale or you are looking to buy, you need to know the qualification details of the expanded tax credit.  Contact us to schedule a review of the tax credit and how it could help you market your home or to buy a home.

The Grumbles Team has set up several websites exclusively for this listing:

http://Tour204WinterHill.MikeGrumbles.com

http://204WinterHill.MikeGrumbles.com

Want to do your own research on the Fieldstone Farms active homes for sale?





Franklin | Brentwood | Spring Hill | Mike Grumbles & The Grumbles Team specializing in Golf Community Homes for Sale

The Grumbles Team is our family serving your family with your real estate needs in Franklin, Tennessee 615-587-5843.

EXIT Realty of the South | 1227 Lakeview Dr. Suite 1 | Franklin | TN | 37067 | 615.550.5555

Each Office Independently Owned and Operated

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Middle TN Home Sales Increase consistent with the National Trend | MSNBC.com Report Shows Increase in Homes Sales | Williamson County Home Sales | Franklin Homes for Sale | Brentwood Homes for Sale | Should I Sell My Home now? | Golf Community Homes for Sale
12/23/2009 at 12:17 PM - Regional Markets - Franklin, TN    0 Comments

Middle TN Home Sales Increase consistent with the National Trend | MSNBC.com Report Shows Increase in Homes Sales | Williamson County Home Sales | Franklin Homes for Sale | Brentwood Homes for Sale | Should I Sell My Home now? | Golf Community Homes for Sale

Home sales are UP!  An MSNBC.com report shows that the increase in sales marks the greatest month of sales in the past three years.  November 2009 real estate sales were boosted by government backed incentives and falling prices.  The National Association of REALTORS website reports that the number of American families that have taken advantage of the Tax Credit for buyers is estimated at 2.0 million.  November's sales figures rose 44 percent and the seasonally adjusted gross would be 6.54 million homes a year, just below the 6.55 million homes/year mark calculated from February 2007.

So how does Nashville and surrounding counties real estate market compare to the national trend?  The chart below shows the YTD Real Estate closings in the Middle Tennessee Market including 30 counties and deducting commercial transactions.


The chart shows that Middle Tennessee is following the National trend.  Real Estate Sales were up 48% in November 2009 compared to November 2008.  October 2009 was the first month in 2009 that had an increase in sales (up 18% from October 2008) from the same month the year prior.  That broke a 17 month trend of decreasing transaction count when compared to the same month the year prior, al the way back to April 2008.  So it appears clear that the federal stimulus package (1st time home-buyer tax credit) has had a direct effect on sales, as the original deadline for the tax credit was November 30th.  The tax credit was recently extended and also expanded to include homeowners that want to sell and buy another home as long as they have resided in their current home for five of the last eight years.  Lawrence Yun, predicts that the final count of families that take advantage of the tax credit to be about 4 million, so if you plan to place your home on the market for sale the time to do so is now.  The rates are near record lows, the pricing on homes is reasonable and the expanded tax credit deadline is the end of April.  If you would like a personal consultation on how the tax credit could benefit you please call The Grumbles Team, of Exit Realty of the South.

The Nashville Business Journal reported that the homes prices are declining compared to a year ago but that compared to the prior month were stabilizing.  The drop from a year ago is heavily impacted by the number of distressed sales including foreclosures and short sales.  The Grumbles Team constantly monitors the national and regional real estate markets to see how it impacts your decision to buy or sell a home.  The National Association of REALTORS reports that there is a 6.5 month supply of homes, down from 7.0 months, nationwide at the current absorption rate.  We analyzed and found that in Williamson County there is 9 months of supply and it has been declining for the last four months.  So just as in all economic situations when there is excess supply, the prices fall.  We will continue to monitor this absorption rate to see that when the market becomes a seller's market again and prices begin to rise.


The Grumbles Team is always on top of the real estate market in Brentwood, Franklin, and surrounding areas, focusing on golf communities.  To learn the absorption rate for your city or zip code call us to schedule a market analysis review.  We can be reached at 615-354-3979.

Franklin | Brentwood | Spring Hill | Mike Grumbles & The Grumbles Team specializing in Golf Community Homes for Sale

The Grumbles Team is our family serving your family with your real estate needs in Franklin, Tennessee 615-587-5843.

EXIT Realty of the South | 1227 Lakeview Dr. Suite 1 | Franklin | TN | 37067 | 615.550.5555

Each Office Independently Owned and Operated

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Williamson County November 2009 Total Real Estate Market Overview | Comprehensive Real Estate Market Update for Franklin, Brentwood, and surrounding cities | Golf Community Homes for sale | Golf Community Market Update
12/9/2009 at 11:36 AM - Regional Markets    0 Comments
Williamson County November 2009 Total Real Estate Market Overview | Comprehensive Real Estate Market Update for Franklin, Brentwood, and surrounding cities | Golf Community Homes for sale | Golf Community Market Update

 This months report can be downloaded for easier viewing.  This report is a compilation of the Williamson County Real Estate Market for the past 6 months ending on 11-30-09.  Only Single Family Residential Units are considered in this market study.  All active listings in the Williamson County market can be seen here

Report Analysis: 

This is the 4th report in a row in which the months of inventory of homes in this market has decreased (11.3, 10.1, 9.7, 9.0).  This is due in some part to the fact that as the Holiday Season approaches some sellers remove their home from the market to avoid the hassle of showings during the holidays.  However, this is good news for those that continue to market their homes as their is less competition.  The months of inventory was also reduced because the sales volume in the last 3 reports has been greater than 1400 units for the rolling 6 months prior to the report date. 

The average sales price is below $400,000 for the county as a whole, Held strong by the exclusive Brentwood market with an average sales price of $602,000. 

The sellers are reducing their home prices as their properties are sitting on the market and finding tough competition.  The average reduction from initial list to final list price is 4.9% and still the sellers are making concessions in the price at the time of the offer as the reduction in sales price off the final listed price is 5.6%.  These numbers are very strong considering this is the worst real estate market most home owners have ever seen.

This same report can be viewed by zipcode as well.

To get the most up to date and accurate market analysis call the Grumbles Team at 615.354.3979. 

This report is the proprietary product of The Grumbles Team and shall not be copied or  duplicated without written permission

Franklin | Brentwood | Spring Hill | Mike Grumbles & The Grumbles Team specializing in Golf Community Homes for Sale

The Grumbles Team is our family serving your family with your real estate needs in Franklin, Tennessee 615-587-5843.

EXIT Realty of the South | 1227 Lakeview Dr. Suite 1 | Franklin | TN | 37067 | 615.550.5555

Each Office Independently Owned and Operated

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Westhaven November market Analysis | Grumbles Team Analysis of the Westhaven Franklin, TN home market | Golf Community Home Market Update | December 2009 Home Market in Westhaven | Westhaven Homes for Sale | Westhaven Franklin TN Short Sales
12/7/2009 at 9:14 PM - Regional Markets - Franklin, TN    0 Comments

Westhaven November market Analysis | Grumbles Team Analysis of the Westhaven Franklin, TN home market | Golf Community Home Market Update | December 2009 Home Market in Westhaven | Westhaven Homes for Sale | Westhaven Franklin TN Short Sales

The real estate market has affected all communities, however a small community nestled in the hills of Williamson County just west of Franklin, TN does have away of continuing to have robust sales.  The closed sales for the past two months and the pending sales for the past three months are analyzed in this Grumbles Team exclusive report.  

 

What does this report reveal?  Sales are still strong in Westhaven Golf Community.  With 10 sales in November, it was an above average month of closings.  The average month yields about 7 closings per month in 2009 totaling 76 home sales year to date in Westhaven.  The downside is that the average price per square foot of the Average Sales Price in the neighborhood has been drawn downward month after month.  For the past two month average it is now at $161.6 per square foot.  This month it was impacted by two particular sales that were both below $140 per square foot.  There are two short sales among the actives in this neighborhood.  The price range is above $650,000 which is a struggling market.  These sales could reduce the price per square foot further depending upon the banks willingness to negotiate.  If you are looking to pursue a short sale or a pre-foreclosure in this price range, you should not rule these deals out and get in touch with The Grumbles Team fast. 

What is happening in the neighborhood?  The golf course is open and playable since August 28, 2009.  The Harris Teeter grocery store opened in late October with GOLF CART parking spaces for those that choose to save time, and money during their grocery store commute.  On December 11th the Westhaven Holiday Home Tour opens and run through the 13th.  The Holiday Home Tour is a special way to view Westhaven homes from the inside and to meet the people in the neighborhood as well as to witness their giving nature.  The proceeds from this event will go to CASA (Court Appointed Special Advocates) serving the needs of abused and neglected children in Williamson Country while a portion of the proceeds raised will also benefit The Westhaven Foundation.  The Westhaven Foundation is a nonprofit organization of Westhaven Residents with support from Southern Land Company to enrich and preserve the values of this community and the neighboring city, Franklin, TN. 

So with so much going on in this neighborhood, shouldn't you contact The Grumbles Team today to schedule a private tour of the facilities and the Westhaven homes for sale that meet your needs?

Elegant homes from $1.5 Million down to $260,000 town-homes to fit your taste and your lifestyle, come see what Westhaven Offers.

If you are considering selling your home in Westhaven, the Holidays are a great time to showcase the benefits of your home and there is typically less competition through the holiday season.  So call us to get a free home valuation today at 615.354.3979.

Happy Home Shopping!  If you have any questions about this report, we would enjoy speaking with you or we will reply to your comments.

Franklin | Brentwood | Spring Hill | Mike Grumbles & The Grumbles Team specializing in Golf Community Homes for Sale

The Grumbles Team is our family serving your family with your real estate needs in Franklin, Tennessee 615-587-5843.

EXIT Realty of the South | 1227 Lakeview Dr. Suite 1 | Franklin | TN | 37067 | 615.550.5555

Each Office Independently Owned and Operated



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Nashville Business Journal reports that the housing industry is headed for sustainable recovery | Nashville Area Homes for Sale | Franklin Homes for Sale | Brentwood Homes for Sale | National Association of REALTORS | Real Estate impact on Economy
11/16/2009 at 9:44 PM - Events - Franklin, TN    0 Comments

Nashville Business Journal reports that the housing industry is headed for sustainable recovery | Nashville Area Homes for Sale | Franklin Homes for Sale | Brentwood Homes for Sale | National Association of REALTORS | Real Estate impact on Economy

    The Grumbles Team wants to share with you that the Nashville Business Journal reported today on a study from the National Association of REALTORS that shows that the first time home-buyer tax credit has worked better than expected.  

    Of all home purchases this year, 47% were from first-time home buyers.  That is up from 41% last year.  The 47% amounts to approximately 2.35 million home sales, bringing the total sales expectation for 2009 to 5 million.  The forecast from Lawrence Yun, NAR chief economist,  is that total home sales in 2010 will be 5.69 million and that this steady depletion of inventory of available homes will bring a positive return in home values.   

    Whether you are interested in learning how the expanded home buyer tax credit could benefit you if you qualify or you are interested in selling your home, The Grumbles Team can assist you.  The Grumbles team specializes in Franklin homes for sale, Brentwood homes for sale, McKays Mill Homes for sale, Westhaven Homes for sale, and Golf Community homes for sale.

Let us solve the puzzle for you in the current real estate market!

Franklin | Brentwood | Spring Hill | Mike Grumbles & The Grumbles Team specializing in Golf Community Homes for Sale

The Grumbles Team is our family serving your family with your real estate needs in Franklin, Tennessee 615-587-5843.

EXIT Realty of the South | 1227 Lakeview Dr. Suite 1 | Franklin | TN | 37067 | 615.550.5555

Each Office Independently Owned and Operated

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204 Winter Hill Rd in Wyndham Hills of Fieldstone Farms Home with Dramatic Views for Sale, Franklin TN Home for Sale | South of Nashville Homes for Sale
11/10/2009 at 2:20 PM - Regional Markets - Franklin, TN    0 Comments
204 Winter Hill Rd in Wyndham Hills of Fieldstone Farms Home with Dramatic Views for Sale, Franklin TN Home for Sale | South of Nashville Homes for Sale

The Grumbles Team of  EXIT Realty of the South is honored to introduce to you a wonderful updated home for sale in Fieldstone Farms subdivision of Franklin, TN.  The home for sale is located at 204 Winter Hill Road, Franklin, TN 37069 and offers exquisite views of the Williamson County landscape.

204_Winter_Hill_superb front_ views 204_Winter_Hill_View_From_BonusRoom204_Winter_Hill_Superb_front_views2

These views are possible from the front porch or from the many windows of the rooms on the front of the home including the Masters suite, Bedroom#1, the bonus room, the formal dining room and the formal den.   Enjoy watching the season change from this “eagles nest” view.

The Grumbles Team has provided a virtual tour of 204Winter Hill so feel free to sit back and take a relaxed tour through this home.

101_4684The features of this home include the following:

  • Wyndham Hills of Fieldstone Farms
  • Grand views of Franklin, TN landscape
  • finished wood floors in kitchen, foyer and family room
  • 4 bedrooms
  • 2.5 baths
  • 3463 square feet
  • an all seasons room
  • fresh paint, and carpeting
  • new architectural shingled roof
  • large bonus room
  • grand foyer with dual doors
  • private wooded rear lot
  • mature landscaping
  • proximity to parks, shopping, dining, schools
  • detailed keystones in brick
  • abundant storage
  • A great value in Williamson County Schools
  • Master Bath has separate Whirlpool tub and a shower
  • Master Bath has his & her sinks and a vanity

This traditional floor plan has the formal living areas at the front of the home, the formal dinging room has wainscoting and a chair rail and leads to the kitchen.  The formal living room has wide entryways and leads to the family room.   Great for entertaining guests.

204_Winter_Hill_Front_Foyer 204_Winter_HIll_Formal_Living_Foyer 204_Winter_Hill_Formal_Dining

The family areas of the home are convenient for daily living.  From the granite island with a flat cook top great fro pull up meals or to the breakfast nook tucked away to the right with a great view of the wooded rear yard. The family room sis to the left of the kitchen and leads to the all seasons room.

204_Winter_Hill_ Kitchen from Hall 204_Winter_Hill_BreakfastNook 204_Winter_hill_LivingRoom

If you would like to schedule a private showing at this great home please call the Grumbles Team at 615-354-3979.

The Grumbles team has prepared a single property website for your viewing.  You can get a map, view weather, and print a flyer of this property.

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To see the other properties on the MLS in Fieldstone Farms, The Grumbles Team has conveniently provided the button below to take you to the homes for sale in Fieldstone Farms.

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FIELDSTONE_FARMS

Fieldstone Farms offers the homeowners a great setting with mature trees and elevation changes.  The subdivision is close to dining, banking, shopping, schools, parks, historic Franklin and is easily accessible to Hillsboro Road.  At the right you can see a sampling of some of the local businesses.  This home is located just South of Brentwood, TN and 20 minutes from Nashville.

To schedule a free home valuation please contact us at Grumbles@MikeGrumbles.com.  We will gladly come and provide you with a market analysis.  If you want to see all the listings from the MLS then this link is for you.

We thank you for visiting our blog and reading up on this wonderful home for sale in Fieldstone Farms.  To keep up to date on Franklin, TN Real Estate you can follow us on facebook or read our blog at http://www.FranklinTNRealEstateGuide.com.

 

Franklin | Brentwood | Spring Hill | Mike Grumbles & The Grumbles Team specializing in Golf Community Homes for Sale

The Grumbles Team is our family serving your family with your real estate needs in Franklin, Tennessee 615-587-5843.

EXIT Realty of the South | 1227 Lakeview Dr. Suite 1 | Franklin | TN | 37067 | 615.550.5555

Each Office Independently Owned and Operated

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Williamson County Total Market Overview for October 2009 | Nashville homes for sale | Franklin TN homes for sale | Brentwood homes for sale | AShton Park | Avalon | McKays Mill | Westhaven | First Time Home Buyers Tax Credit
11/3/2009 at 4:33 PM - Regional Markets - Franklin, TN    0 Comments

Williamson County Total Market Overview for October 2009 | Nashville homes for sale | Franklin TN homes for sale | Brentwood homes for sale | AShton Park | Avalon | McKays Mill | Westhaven | First Time Home Buyers Tax Credit

The Middle TN real estate market in October surpassed last years number of sales!    See this chart that shows all transactions including LAND, Condo, and Multifamily transactions (commercial and rentals are excluded).  What drove this increase?  The First Time Home-buyers tax credit.   – Haven’t heard of this?  (Some people haven’t) It is a 10% tax credit for buying a house if you have not owned one for the past 3 years, and it caps at $8000.  It expires on 11/30/09 unless an extension or a revised plan is passed, which is being discussed and will likely be sent for Obama to sign or veto later this week.  The revision could include a smaller tax credit for those that have owned for 5 years and want to buy.    You can follow me on facebook to get updates on this as it progresses this week.

Monthly_Closings_Oct09

Williamson County home inventory is dropping.  In September there was 11.3 months, in October it was 10.1 and now in November it is 9.7 months of inventory to sell.   Specifically Franklin has 11.7, 10.4, and 10.1 respectively.   Where should we be?  That is hard to say, but the trend is going the right way.  This means that if no new homes entered the market and we continued at the present rate (a rate averaged over the past 6 months) that we would sell all the Franklin ACTIVE inventory in 10.1 months.  As the number gets lower we enter the much desired SELLERS MARKET.  I have this Total Market Overview for Williamson County by City and by Zipcode for your review.

If you are considering selling your home, please contact the Grumbles Team.  Shouldn’t your REALTOR know the market?  When interviewing agents for the job of selling your home, ask them if they know the market and have tracked it’s trends.

Thanks for reading the monthly update and if you have any questions you can call us at 615-587-5843 or via email at Grumbles@MikeGrumbles.com.  Want to search the entire MLS for Middle Tennessee for FREE then check out our website.

Search The MLS

Franklin | Brentwood | Spring Hill | Mike Grumbles & The Grumbles Team specializing in Golf Community Homes for Sale

The Grumbles Team is our family serving your family with your real estate needs in Franklin, Tennessee 615-587-5843.

EXIT Realty of the South | 1227 Lakeview Dr. Suite 1 | Franklin | TN | 37067 | 615.550.5555

Each Office Independently Owned and Operated

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Existing Home Sales Nationwide up in September 2009 | Nashville Homes for Sale | Franklin TN Homes for Sale| Golf Community Homes for Sale
10/28/2009 at 10:15 AM - Regional Markets - Franklin, TN    0 Comments

Existing Home Sales Nationwide up in September 2009 | Nashville Homes for Sale | Franklin TN Homes for Sale| Golf Community Homes for Sale

Recently the Nashville Business Journal reported that Existing Homes sale were up 9.4%.   This increase in sales is largely due to homes being at a great value right now and the First-Time Home Buyer tax credit.  This volume of sales is a two year high according to Lawrence Yin, the chief economist for the National Association of REALTORS.

To find out about the local Franklin Real Estate market follow our blog at http://TheGrumblesTeam.Wordpress.com

Franklin | Brentwood | Spring Hill | Mike Grumbles & The Grumbles Team specializing in Golf Community Homes for Sale



The Grumbles Team is our family serving your family with your real estate needs in Franklin, Tennessee 615-587-5843.

EXIT Realty of the South | 1227 Lakeview Dr. Suite 1 | Franklin | TN | 37067 | 615.550.5555

Each Office Independently Owned and Operated

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Westhaven Subdivision October 2009 Market Update | Westhaven Homes for Sale | Franklin Homes For Sale | Nashville Area Homes for Sale
10/14/2009 at 9:35 PM - Regional Markets - Franklin, TN    0 Comments

Westhaven Subdivision October 2009 Market Update | Westhaven Homes for Sale | Franklin Homes For Sale | Nashville Area Homes for Sale

The Grumbles Team of EXIT Realty of the South has posted the Westhaven Subdivision October 2009 Housing Market update.

Westhaven_Homes

The average price per square foot remained unchanged from the report last month at $167.5.  There were 5 home sales in September, up 1 from August.  Pendings decreased slightly which is expected for this time of the year heading in to the slower months of November and December.  77 properties are still active on the market in Westhaven and the average price per square foot of those listings is $175.4.

In the last 45 days in Westhaven the private golf course has opened for play and in the coming days the Harris Teeter grocery store will have a grand opening.  The business and retail strip center that shares the parking lot with Harris Teeter has great visibility to Hwy 96W so the traffic can see that progress is being made on the town center and will soon be conducting their business here.  The elementary school located inside the Westhaven community has gotten underway in the past few months so Westhaven real estate is a very popular subject right now and with all of these projects coming together the future looks bright and the time to buy is now.

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The Grumbles Team also has the Total Market Overview for all of Williamson County for posted by city and by zipcode.

Franklin | Brentwood | Spring Hill | Mike Grumbles & The Grumbles Team specializing in Golf Community Homes for Sale

The Grumbles Team is our family serving your family with your real estate needs in Franklin, Tennessee 615-587-5843.

EXIT Realty of the South | 1227 Lakeview Dr. Suite 1 | Franklin | TN | 37067 | 615.550.5555

Each Office Independently Owned and Operated

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Nashville| Cool Springs | Franklin | TN | Office Condominium For Sale | Office Condo For Lease | 106 Mission Court Unit #202
10/5/2009 at 3:21 PM - Commercial - Franklin, TN    0 Comments
Nashville| Cool Springs | Franklin | TN | Office Condominium For Sale | Office Condo For Lease | 106 Mission Court Unit #202

EXIT Realty of the South announces the following immediate changes for this Office Condo in Cool Springs, TN.  The Office Condominium located in Cool Springs area of Franklin, Tennessee at 106 Mission Court #202 is now availalbe for sale with a tenant occupying the bottom two offices on a transferrable lease.  The upstairs 2 office suite could also be leased making a great investment opportunity to own real estate in Cool Springs.


Property address is 106 Mission Court Unit #202. The four year old office complex was built in a premium location in Cool Springs just 5 minutes off of I-65 and only a few more minutes to Brentwood, Tennessee. Unit 202 consists of four (4) private offices, two (2) restrooms, a kitchenette, a staging or filing area and a stairwell. Two of the offices are on the top floor with a restroom and the kitchenette. New owner could occupy either floor and could lease out the other floor as each has a separate entrance off of the stairwell. The offices could each support more than one workspace, however photos show one desk per office and a discussion table.The office is 1,120 square feet, commercial carpeting and the windows have dark mini-blinds.

Back Office  on lower level Front Office on upper level

The property is a great value at $239,900 and it won't last long so take your business to the next level by getting into this professional workspace. The property is move-in ready. Contact The Grumbles Team for a showing of 106 Mission Court Unit #202 or any other office condos in Franklin, TN.

Virtual Tour is located at http://106MissionCourtTour.MikeGrumbles.com

Single Property Website is located at http://106MissionCourt.MikeGrumbles.com

The Grumbles Team

Franklin | Brentwood | Spring Hill | Mike Grumbles & The Grumbles Team specializing in Golf Community Homes for Sale The Grumbles Team is our family serving your family with your real estate needs in Franklin, Tennessee 615-587-5843.

Offered for Sale by:

The Grumbles Team

EXIT Realty of the South

1227 Lakeview Dr. Suite #1

Franklin, TN 37064

615.555.5550

Each Office Independently Owned and Operated

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Franklin Real Estate | Nashville Real Estate Market report for August | Less of a Decline in Home Sales is a Positive Sign
9/12/2009 at 12:40 AM - Regional Markets - Franklin, TN    0 Comments

Franklin Real Estate | Nashville Real Estate Market report for August | Less of a Decline in Home Sales is a Positive Sign

Today the Nashville Business Journal reported that the homes sales for August 2009 were down by 9.2% from August 2008, but that drop is a good sign as it is less than the drop in past months.  The article states that it is a good sign that 2,000 or more single family homes have sold per the Middle Tennessee Multiple Listing Service (Realtracs) in each of the last three months. Read the Nashville Real Estate Market article on the Nashville Business Journal website. Also available is The Grumbles Team market update for Williamson County Real Estate. Below is a chart of the total property sales in Middle Tennessee including land, multiple family, condos, and Single family residences.

Monthly_Closings_Aug09

From this chart you can see that the 2009 sales have been consistently gaining on the 2008 sales volume.  The 2009 volume is nearly half of the 2006 volume and shows a picture of the housing market struggle as a NEW normal is defined.

Search for homes in  Middle Tennessee

Search for homes in Franklin, TN (South of Nashville)

If you found this analysis interesting and want to follow The Grumbles Team of EXIT Realty for future updates you can follow us on Facebook.

Mike Grumbles | Create Your Badge

Franklin | Brentwood | Spring Hill | Mike Grumbles & The Grumbles Team specializing in Golf Community Homes for Sale The Grumbles Team is our family serving your family with your real estate needs in Franklin, Tennessee  615-587-5843.

EXIT Realty of the South | 1227 Lakeview Dr. Suite 1 | Franklin | TN | 37067 | 615.550.5555

Each Office Independently Owned and Operated

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Franklin Real Estate - Westhaven Subdivision Homes for Sale |Franklin TN Homes for Sale Near Golf Courses | Nashville Golf Community Homes For Sale | Golf Course Properties
9/9/2009 at 11:19 PM - Events - Franklin, TN    0 Comments

Westhaven Subdivision Homes for Sale |Franklin TN Homes for Sale Near Golf Courses | Nashville Golf Community Homes For Sale | Golf Course Properties

What’s up in Westhaven community?

The Westhaven golf course opened on August 29th to a great crowd the first weekend.  The course already has it’s first planned charity outing for a young child resident of Westhaven that was diagnosed with stage 3 malignant brain tumor.  The outing date for the Cooper Trooper Invitational is set for September 18th 2009 and a silent auction is taking place on the charity website so take a look at some great donated items.   The gold course is turning out to be a great place of enjoyment, camaraderie and now to benefit those in our community.   Time will tell the positive impact it has on the nearby real estate values.

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The Run for the Cure 5K is to be held September 19th at 7:30 AM.  The Westhaven Foundation is doing a great job of charitable work and this weekend it culminates in hat-trick of events.  Visit www.franklin4thecure.org for more details or to register.

The Concert 4 the Cure is scheduled for the evening of September 19th at 7pm on the Great Lawn. The American Cancer Society, National Childhood Cancer Foundation and Monroe Carell Jr. Children’s Hospital at Vanderbilt will be the beneficiaries of this charitable concert and silent auction. Visit www.franklin4thecure.org for tickets and more information.

If this is the type of neighborhood that interests you, then you should look at the Westhaven homes for sale and contact the Grumbles Team to schedule a neighborhood tour.

Westhaven Homes for Sale

Real Estate Activity in August 2009 in Westhaven. (looking at Residential Single Family category only)

  • Four (4) homes sold in August
  • The last two months Median home sale price was $605,000 (up from $570,575 for June and July)  (Median price means half the homes sold in the time period were above that price point)
  • Homes are selling on average at 97% of the list price
  • Over the last two months the average price per square foot is $167.5 (up from $163 for June and July)
  • Two (2) properties were withdrawn and re-listed for $20K and $40K less
  • Ten (10) Pendings since 6-1-09 of which six (6) are new to the list this month
  • Eighty-two (82) Active listings  with a median list price of  $504,178 (down from $525,000 on 77 Actives last month)

The entire Westhaven September Activity spreadsheet can be downloaded for review.

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As residents of Westhaven and Real Estate agents in touch with the community we can help you navigate the home buying and selling decisions.  Shouldn’t your agent be this connected to the market and have great GOOGLE-ability.  Give it a try, Google our team or your neighborhood, we are connected to the internet and can get great GOOGLE coverage for your home should you need to sell.

For reference see our blog on the Williamson County 6 month market analysis.

The Grumbles Team

Franklin | Brentwood | Spring Hill | Mike Grumbles & The Grumbles Team specializing in Golf Community Homes for Sale

The Grumbles Team is our family serving your family with your real estate needs in Franklin, Tennessee  615-587-5843.

EXIT Realty of the South | 1227 Lakeview Dr. Suite 1 | Franklin | TN | 37067 | 615.550.5555

Each Office Independently Owned and Operated
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September 2009 6 Month Total Real Estate Market Overview by Zipcode | Brentwood | Franklin| Spring Hill | Williamson County
9/9/2009 at 10:22 AM - Regional Markets - Franklin, TN    0 Comments

September 2009 6 Month Total Real Estate Market Overview by Zipcode | Brentwood | Franklin| Spring Hill | Williamson County

Welcome to the monthly update of the housing market in Williamson County prepared for you by The Grumbles Team of Exit Realty of the South.

WilliamsonCountyZipSep09

The chart above is a compilation of 6 months activity in the Williamson County Residential Single Family Housing market.  It shows that 1,312 homes sold in the 6 month period from March 1st to August 31st.    If you are considering selling your home then this data is crucial in the understanding of pricing your home for buyers.  The Grumbles Team will take the time to explain this data to you if you decide that you are ready to sell.  If you are in the market to buy a home in Williamson County, especially Brentwood or Franklin, then the Grumbles Team will apply this knowledge to the negotiation process to get you the best value in your home purchase.

The Median Home asking price in the entire county for active listings is $439,000, which is higher than the Median closed sales price of $339,305.    This indicates that the smaller homes at lower price point are still the ones in demand right now in this area.  That does not mean that a higher price point home can't be sold in this market, it just may require more time on the market and upgraded marketing.    If you are considering selling your home shouldn't you choose a REALTOR that knows the market?  Google our team and your market, you will find us time and time again.

Franklin | Brentwood | Spring Hill | Mike Grumbles & The Grumbles Team specializing in Golf Community Homes for Sale

The Grumbles Team is our family serving your family with your real estate needs in Franklin, Tennessee  615-587-5843.

EXIT Realty of the South | 1227 Lakeview Dr. Suite 1 | Franklin | TN | 37067 | 615.550.5555

Each Office Independently Owned and Operated

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August 2009 Total Real Estate Market Overview | Brentwood | Franklin| Spring Hill | Williamson County
8/25/2009 at 12:41 AM - Regional Markets - Franklin, TN    0 Comments

AugTotalMarketOverview

The Grumbles Team brings you the first of the monthly updates to the Williamson County housing Market.

This data is derived from the Middle Tennessee Region Multiple Listing Service and is deemed accurate but relies on the accuracy of the data entered.   The data prepared is for the past 6 months and only includes residential single family homes in Williamson County, one of the top 20 most affluent counties in the United States.   As the data is hard to read on this blog we have provided links to the data so you can zoom in for further analysis.

Click here to see the Total Market Overview by Zipcode

Click here to see the Total Market Overview by City

Let us analyze the data for just a moment.

Look first at the " Months of Inventory", and imagine that instead of real estate, the product was bubble gum.  The table shows that with our current consumption rate in Williamson County that there is over 25 months of inventory.  That would mean that we would have enough sticks of bubble gum to last our customer base more than 2 years.  So what can be done to change this inventory?  Well if we sold bubble gum, we could have a "blow-out sale" (pun intended) where we cut the prices drastically so the inventory didn't get stale on our shelves.  Or we could modify the bubble gum to make it more appealing to our customers to entice them to buy my gum and not my competitors.  Or we could lobby our government to pass legislature that makes bubble gum chewing socially beneficial in some way so that sales would soar.  The final option would be to throw out some of the bubble gum in inventory.   I guess you get the picture, it is more of a sellers market when there is less inventory on the shelf and there are various things that can reduce the months of inventory from active listings being withdrawn/expired to home prices being reduced to our federal government offering tax rebate incentives to home-buyers.    Keep coming back to this blog to watch the Williamson County Inventory fluctuate up or down.

Then lets turn our attention to the Pending Ratio.  This can be used to spot markets that are on the rise (sellers market).  In Nolensville you can see that the Pending Ratio is 13.7% , meaning that there are almost 14% as many PENDINGS as there are ACTIVES.   It is an indicator that the inventory should be going done in the future the higher this number is.  As we mentioned before, when inventory is down we have a sellers market.

Lastly we will look at the List to Sales Ratio of Closed properties.  Over the last 6 months and considering 1159 properties the average negotiation from the final list price to the agreed upon purchase price was only 5.5%.  That is a strong indicator that the market is stable in Williamson County.  Home owners are not having to take low offers to sell their properties. However to further analyze this we need to look at the final sales price vs the original list price to see how much adjusting in the price the listing agent did to get the property marketable.  The average across the county was 83% and the biggest drop was seen in Franklin at 72% reduction from the original list price to the final list price at the time the negotiations began.    This data is not shown in the table above but all the cities except for Franklin were in teh 90%+ range so Franklin is still a great market for buyers to come in and take advantage of the lower housing prices.  The months of inventory is above average for the county so further pricing reductions will be required to get the bubble gum off of the shelves.

If you would like to meet with a member of The Grumble Team to discuss the Williamson County Total Market Overview for August 2009 we would be more than happy to discuss this with you at our office location in Franklin.

Franklin | Brentwood | Spring Hill | Mike Grumbles & The Grumbles Team specializing in Golf Community Homes for Sale

The Grumbles Team is our family serving your family with your real estate needs in Franklin, Tennessee  615-587-5843.

EXIT Realty of the South | 1227 Lakeview Dr. Suite 1 | Franklin | TN | 37067 | 615.550.5555

Each Office Independently Owned and Operated

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Private Subdivision Golf Course set to open just south of Nashville | Franklin | Tennessee | Golf Course | Community | Neighborhood | Westhaven | Home for Sale
8/14/2009 at 1:06 AM - Regional Markets - Franklin, TN    0 Comments

Westhaven Listings  

Westhaven Golf Course Opens on 8/29/2009

The much anticipated Arthur Hills designed golf course developed by Southern Land in Westhaven subdivision due west of Historic Franklin is scheduled to open for play on August 29th, 2009.  The developers have communicated well with the homeowners to keep them abreast of the construction phases of the course that windNew Golf Courses along historic Boyd Mill Road and The Harpeth River.  The economic climate has had an impact on the completion of the course, but membership still hovers around 200 for the private club that is open to those that do not live in Westhaven subdivision.

The current membership pricing is $13,500 for initiation and $275 for the monthly fees.  As the clubhouse and other amenities like pool and tennis courts are not constructed the monthly fees will be temporarily reduced.  The clubhouse is slated to be completed in 2011.  Thus the golfers will be playing from a temporary shed, but I don't think that anyone will complain about that fact.  To find out more details on the fee structure click here.

While there will not be any golf front homes, this is the big bit of fresh air that is likely to help lift the sails (and sales) of the Westhaven community even farther.  The recent real estate activity in the neighborhood has been positive and this will further that. 

There will be a Town Hall format meeting this weekend for the current golf club members on August 16th.  If you are interested in learning more about home ownership in Westhaven, please contact us at 615-587-5843 and we will gladly provide you with the golf course update  or assist you in finding out more about membership to the golf club.  Be sure to click the button at the top of the page or click here to see available homes for sale in Westhaven.

Franklin | Brentwood | Spring Hill | Mike Grumbles & The Grumbles Team specializing in Golf Community Homes for Sale

The Grumbles Team is our family serving your family with your real estate needs in Franklin, Tennessee 615-587-5843.

EXIT Realty of the South | 1227 Lakeview Dr. Suite 1 | Franklin | TN | 37067 | 615.550.5555

Each Office Independently Owned and Operated                                         The Grumbles Team

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