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Average Sales Price |
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| Location | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | Change in Average Sales Price 2004 vs. 2005 | 2006 | Change in Average Sales Price 2005 vs. 2006 | 2007 | Change in Average Sales Price 2006 vs. 2007 | 2008 | Change in Average Sales Price 2007 vs. 2008 | 2009 | Change in Average Sales Price 2008 vs. 2009 | 2010 | Change in Average Sales Price 2009 vs. 2010 | 2011 | Change in Average Sales Price 2010 vs. 2011 | Average List Price on 1/21/2012 | Average 2011 Sales Price vs Average 1/21/2012 List Price |
| Area 1 | $147,076 | $151,366 | $158,907 | $158,442 | $158,795 | $168,070 | $177,740 | 11.9% | $187,798 | 5.7% | $197,095 | 5.0% | $184,137 | -6.6% | $169,273 | -8.1% | $163,659 | -3.3% | $161,577 | -1.3% | $176,473 | 91.6% |
| Bellevue | $198,016 | $201,325 | $197,541 | $199,223 | $201,843 | $216,350 | $237,168 | 17.5% | $255,786 | 7.9% | $261,166 | 2.1% | $247,574 | -5.2% | $236,343 | -4.5% | $220,942 | -6.5% | $214,306 | -3.0% | $306,719 | 69.9% |
| Belle Meade | $609,443 | $714,366 | $806,421 | $899,052 | $866,457 | $1,060,028 | $1,121,545 | 29.4% | $1,217,605 | 8.6% | $1,583,395 | 30.0% | $1,539,000 | -2.8% | $1,219,930 | -20.7% | $995,154 | -18.4% | $1,283,436 | 29.0% | $2,017,534 | 63.6% |
| Green Hills | $360,000 | $405,755 | $398,347 | $433,546 | $462,739 | $470,718 | $583,113 | 26.0% | $647,737 | 11.1% | $731,565 | 12.9% | $688,011 | -6.0% | $624,992 | -9.2% | $607,882 | -2.7% | $580,183 | -4.6% | $843,985 | 68.7% |
| Westmeade | $242,623 | $271,545 | $260,393 | $287,377 | $278,239 | $299,393 | $366,021 | 31.5% | $411,417 | 12.4% | $535,748 | 30.2% | $527,967 | -1.5% | $403,201 | -23.6% | $443,383 | 10.0% | $444,766 | 0.3% | $507,354 | 87.7% |
| Area 3 | $79,088 | $76,245 | $75,281 | $77,567 | $81,653 | $96,677 | $99,672 | 22.1% | $113,045 | 13.4% | $115,414 | 2.1% | $107,073 | -7.2% | $112,221 | 4.8% | $100,430 | -10.5% | $93,557 | -6.8% | $105,465 | 88.7% |
| Area 4 | $78,705 | $96,711 | $105,795 | $108,972 | $106,112 | $111,463 | $129,597 | 22.1% | $126,275 | -2.6% | $129,657 | 2.7% | $115,055 | -11.3% | $72,241 | -37.2% | $99,837 | 38.2% | $113,052 | 13.2% | $125,183 | 90.3% |
| Area 5 | $109,137 | $108,079 | $119,782 | $112,966 | $116,164 | $129,577 | $137,548 | 18.4% | $138,038 | 0.4% | $142,334 | 3.1% | $126,945 | -10.8% | $117,841 | -7.2% | $118,302 | 0.4% | $107,129 | -9.4% | $134,338 | 79.7% |
| Area 6 | $91,592 | $94,096 | $98,122 | $103,376 | $106,434 | $111,961 | $121,900 | 14.5% | $136,855 | 12.3% | $144,243 | 5.4% | $142,861 | -1.0% | $132,949 | -6.9% | $131,610 | -1.0% | $128,304 | -2.5% | $148,590 | 86.3% |
| Area 7 | $124,540 | $130,916 | $134,075 | $137,879 | $135,805 | $143,645 | $155,769 | 14.7% | $161,518 | 3.7% | $170,487 | 5.6% | $161,631 | -5.2% | $148,493 | -8.1% | $147,107 | -0.9% | $136,532 | -7.2% | $181,550 | 75.2% |
| Area 8 | $118,871 | $117,689 | $126,177 | $126,275 | $127,164 | $128,308 | $143,082 | 12.5% | $146,692 | 2.5% | $144,135 | -1.7% | $134,634 | -6.6% | $123,011 | -8.6% | $117,809 | -4.2% | $102,603 | -12.9% | $122,619 | 83.7% |
| Hendersonville | $172,508 | $176,626 | $185,681 | $186,746 | $192,308 | $210,391 | $234,395 | 21.9% | $242,545 | 3.5% | $261,006 | 7.6% | $251,927 | -3.5% | $240,124 | -4.7% | $234,201 | -2.5% | $223,556 | -4.5% | $302,830 | 73.8% |
| Gallatin | $133,829 | $144,108 | $133,316 | $146,779 | $156,438 | $182,974 | $217,600 | 39.1% | $208,474 | -4.2% | $234,075 | 12.3% | $229,577 | -1.9% | $210,166 | -8.5% | $216,099 | 2.8% | $204,273 | -5.5% | $249,858 | 81.8% |
| Brentwood | $420,285 | $404,955 | $403,766 | $409,314 | $433,702 | $490,354 | $549,511 | 26.7% | $637,212 | 16.0% | $690,736 | 8.4% | $651,844 | -5.6% | $634,240 | -2.7% | $582,039 | -8.2% | $603,218 | 3.6% | $795,072 | 75.9% |
| Franklin | $242,049 | $256,654 | $262,322 | $287,701 | $299,187 | $331,907 | $378,479 | 26.5% | $446,076 | 17.9% | $461,488 | 3.5% | $432,526 | -6.3% | $408,620 | -5.5% | $430,242 | 5.3% | $386,135 | -10.3% | $480,700 | 80.3% |
| Mt Juliet | $156,058 | $160,689 | $160,274 | $166,706 | $168,699 | $181,814 | $205,012 | 21.5% | $238,757 | 16.5% | $251,175 | 5.2% | $240,700 | -4.2% | $225,479 | -6.3% | $227,280 | 0.8% | $213,270 | -6.2% | $258,713 | 82.4% |
| Lebanon | $128,931 | $131,655 | $145,604 | $148,195 | $150,583 | $160,650 | $179,343 | 19.1% | $206,111 | 14.9% | $196,530 | -4.6% | $189,859 | -3.4% | $180,826 | -4.8% | $185,069 | 2.3% | $156,691 | -15.3% | $233,465 | 67.1% |
| Clarksville | $96,987 | $98,805 | $99,152 | $105,491 | $111,818 | $115,960 | $128,821 | 15.2% | $136,543 | 6.0% | $143,027 | 4.7% | $147,137 | 2.9% | $149,771 | 1.8% | $156,040 | 4.2% | $148,583 | -4.8% | $178,354 | 83.3% |
| Dickson | $106,037 | $111,041 | $110,753 | $104,911 | $117,537 | $113,556 | $130,010 | 10.6% | $132,176 | 1.7% | $140,193 | 6.1% | $137,146 | -2.2% | $127,660 | -6.9% | $120,724 | -5.4% | $114,000 | -5.6% | $142,306 | 80.1% |
| Columbia | $111,747 | $113,070 | $123,491 | $115,319 | $121,591 | $129,018 | $138,529 | 13.9% | $147,445 | 6.4% | $148,617 | 0.8% | $140,310 | -5.6% | $135,414 | -3.5% | $137,403 | 1.5% | $132,212 | -3.8% | $171,146 | 77.3% |
| Spring Hill | $205,807 | $237,581 | 15.4% | $246,077 | 3.6% | $238,029 | -3.3% | $221,624 | -6.9% | $206,315 | -6.9% | $200,833 | -2.7% | $231,748 | 86.7% | |||||||
| LaVergne | $108,504 | $111,882 | $118,737 | $118,063 | $122,595 | $128,794 | $135,670 | 10.7% | $148,415 | 9.4% | $153,357 | 3.3% | $146,177 | -4.7% | $121,782 | -16.7% | $118,138 | -3.0% | $108,740 | -8.0% | $132,391 | 82.1% |
| Murfreesboro | $135,096 | $136,712 | $137,993 | $141,638 | $149,593 | $163,056 | $183,877 | 22.9% | $241,744 | 31.5% | $199,254 | -17.6% | $195,033 | -2.1% | $177,698 | -8.9% | $181,268 | 2.0% | $174,966 | -3.5% | $209,458 | 83.5% |
| Smyrna | $122,986 | $126,994 | $128,631 | $131,412 | $135,558 | $139,667 | $157,463 | 16.2% | $167,448 | 6.3% | $175,127 | 4.6% | $162,103 | -7.4% | $160,365 | -1.1% | $153,772 | -4.1% | $137,816 | -10.4% | $162,322 | 84.9% |
| Average | $178,005 | $188,751 | $195,242 | $204,650 | $208,740 | $229,754 | $254,903 | 22.1% | $280,554 | 10.1% | $310,663 | 10.7% | $297,386 | -4.3% | $264,761 | -11.0% | $253,946 | -4.1% | $257,072 | 1.2% | $342,424 | 75.1% |
Change in Average Sales Price in one year vs. previous year reflects the change in average price for the studied area. For example the overall average sales price in 2005 was 22.1% higher than in 2004. In the overall average sales price in 2008 was lower than in 2007 by 4.3%, denoted as -4.3%.
The Average 2008 Sales Price vs. Average Current List Price compares what sellers are currently asking compared to what property sold for last year. For example the overall average sales price in 2008 is 77.6% of the current average list price. This indicates that the current sellers expectations are significantly higher than the realities of the market.
Average List price at Closing vs. Sales Price compares the final list price to the sales price. For example the overall average sales price in 2008 was 95.6% of the average final list price. This indicates that, on average, when the sales price is within 4.4% of the value of the property a sale will be consummated.
| Manier and Exton - Real Estate Appraisers and Consultants
2912 Berry Hill Drive - Nashville - Tennessee - 37204 |
E-Mail richard@exton.biz - Telephone 615-383-8751 - Fax 615-383-2114 |