2009 Shows Number of Home Sales Starting to Level
The difference in the number of homes that sold from 2006 to 2008 in Smyrna, Tennessee was stone cold sobering … a drop of a little more than 60 percent in residential sales (the statistics do not include condos, land, commercial or farms). The stunning free fall seems to have leveled off in 2009, however, and hopefully it is a strong sign of economic recovery. In 2009, the number of homes sold only dropped about 6 percent - a drop much more palatable than 60 percent.
The good news for Smyrna is that the value of the homes being purchased has remained fairly strong. Where neighboring LaVergne had 327 homes that sold for under $125,000, Smyrna’s number was 161 under $125,000. In addition, the total number of homes that sold in Smyrna this past year was 560 while LaVergne had but 511. A full analysis of what you got for your money in Smyrna is featured here at the local web site, This is Smyrna.
What does this mean for the neighboring communities? Affordable homes are available in both LaVergne and Smyrna, but Smyrna’s hold is more firm on houses in the prices ranging above $125,000. However, both communities are wonderfully close to the greater Nashville metropolitan area and all its entertainment, shopping, and sports events. This makes settling in either town just a hop, skip and jump away from the easy access to fun, work, and play, so if you’re considering a move to the area your choices for where to live are wide open.
Posted by:
Kathy Tyson
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