Belle Meade Statistics

Through the 4th Quarter, 2006: (37205)
201 properties on market.
List Price: $889,211
Days on Market (DOM): 83

17 single family properties were pending
List Price $644,641
Days on Market (DOM) 95

4,051 single family properties have closed
List Price $428,196
Sales Price $411,959
Days on Market 62

64 Condo properties were on the Market
List Price:$476,021
Days on Market (DOM): 106

10 Condo properties were pending
List Price $489,150
Days on Market (DOM) 30

1,787 Condo properties have closed
List Price $174,685
Sales Price $169,481
Days on Market (DOM): 62

InmanNews recently reported that homes sales in markets nationwide have slowed considerably in the last year, causing property inventory levels to rise and price gains to slow or even decline in some areas, and national consumer confidence indexes show some of the lowest confidence levels toward housing in a decade. The University of Michigan's monthly survey of consumers in September showed that home-buying attitudes were at the lowest level since 1990, with consumers citing concerns over potential future price decreases and increases in mortgage interest rates.Despite the unfavorable outlook on housing, consumers' assessment of overall economic conditions was less pessimistic in September compared with past months. Overall consumer confidence, which decreased sharply in August, rebounded in September, according to The Conference Board, which reported its index increased to 104.5 from 100.2 in August, and the University of Michigan, which reported its index stood at 85.4, up from 82 in August.Real estate brokers agree that home buyers' attitudes have changed, but said that overall, buyers they are working with still feel real estate is worth their money. The difference today from a year ago is that buyers in many markets know they have the upper hand and are letting homes sit on the market longer in hopes of finding a better deal. There's a lack of urgency in pushing buying decisions, brokers say.

Please visit my website at www.NashvillesRealtor.com for a FREE Relocation Packet and to search for Belle Meade, TN Homes.
ZIP Code: 37205

Approximate Location Boundaries: Belle Meade

Location Characteristics: When you think about Belle Meade, you can't help thinking about horses. Belle Meade used to be the "nursery" for thoroughbred horses. Today, Belle Meade is a thriving community. The economy is good and jobs are plentiful which lend to the strong real estate market.