The number of houses selling stabilized in April as pending sales bode an increase in May, according to the Red Report.
Year-over-year the number of completed home sales remained the same in April but the volume of pending sales increased 20 percent in Rutherford, Davidson, Wilson and Williamson counties. The average price of a closed sale also inched up 5 percent to $395,575.
"The first quarter was slightly lower than last year at 3 percent less, but the increase in pendings may be a sign that the late Spring and Summer closings may increase enough to cover the small loss taken in the first quarter," said Steven Dotson, president of Red Realty and issuer of the Red Report. "National economist see a strong few months ahead."
Commercial transactions in Rutherford County show large tracts and subdivision lots are still trading hands between developers and builders. This also bodes well for the county's supply. Like we learned in high school economics, more supply means lower (or in our case stabilizing) prices.
Below is the monthly real estate transaction report taken from the Rutherford County Register of Deeds.
Commercial Transactions |
||||
|
Seller |
Buyer 
|
Address |
Price |
Date |
|
BW Parkside Owner LLC |
Parke Partners LLC |
261 Veterans Parkway, Murfreesboro (17.06 acres) |
$37.5 million |
April 1 |
|
Decker & Belt Investments |
WSP Salem Glen LLC |
3450 Glenside Court, Murfreesboro |
$6.3 million |
April 30 |
|
Firebird SFE |
RH Partners Ownerco |
15 lots in Westwind, LaVergne |
$3.46 million
|
April 30 |
|
Mupr 3 Assets |
RH Partners Ownerco |
15 lots in Westwind, LaVergne |
$3.1 million
|
April 30 |
|
Rocky Fork Partners LLC |
Jandim Realty LLC |
88 acres on Rocky Fork Almaville Road, Smyrna |
$3 million
|
April 12 |
|
David and Peggy Elrod |
Clayton Properties Group |
81.97 acres on Blackman Rd., Murfreesboro |
$2.7 million |
April 30 |
|
Country Village LLC |
Akbar K. Arab |
1322 Hazelwood Drive, Smyrna |
$2.6 million |
April 9 |
|
North Church LLC |
Pinnacle Bank |
Robert Rose Village East Lot 3, Murfreesboro |
$2.04 million |
April 8 |
|
North Church LLC |
Andalusia Properties LLC |
Robert Rose Village East Lot 9, Murfreesboro |
$1.9 million |
April 4 |
|
PCJ Holdings LLC |
Scott and Chuan Menefee |
1242 S. Church St., Murfreesboro |
$1.88 million |
April 30 |
|
Tina Jones |
Richland South LLC |
US Hwy. 41-80 South (34.84 acres), Murfreesboro |
$1.625 million |
April 8 |
|
McGowan Family Limited Partnership |
Phillip and Paula Calahan |
2106, 1208, 2110 & 2112 Middle Tennessee Blvd., Murfreesboro |
$880,000 |
April 24 |
Most Expensive Houses
The most expensive home sold in April was at 2910 Cherry Blossom Lane in Murfreesboro. This single family home, which was built in 2008, sold for $775,000 on April 3. It is 5,200 square feet and contains five bedrooms and six bathrooms.
|
Buyer |
Address |
Price |
Date |
|
Edwin and Joy Ferry |
2910 Cherry Blossom Lane, Murfreesboro |
$775,000 |
April 3 |
|
Amy Johnson |
3493 Shores Rd., Murfreesboro |
$709,500 |
April 3 |
|
Flossie and Stephen Holmes |
11187 Windrow Rd. South, Murfreesboro |
$685,000 |
April 26 |
|
Bryce and Sarah Clark |
1152 Compton Rd., Murfreesboro |
$635,000 |
April 3 |
|
John Tinkham and Carl Jenkins |
12.79 acres on Florence Road, Smyrna |
$595,000 |
April 9 |
|
Christopher and Gina Maness |
120 Fontana Court, Murfreesboro |
$570,000 |
April 5 |
|
Jeffery Hooper |
7031 Springwater St., Smyrna |
$512,294 |
April 12 |
|
Charles and Jessica Jenkins |
726 Dallas Court, Murfreesboro |
$509,900 |
April 12 |
|
Richard and Kristi Sykes |
9526 Link Rd., Christiana |
$500,000 |
April 24 |
Michelle Willard is a freelance journalist who fills her days with social media marketing, politics, Middle Tennessee Mysteries, and taking complaints. You can complain to her on Twitter @MichWillard or by email michelle(at)murfreesborovoice.com.
