by Flint Adam, Twin Creeks homeowner & REALTOR®
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blog updated 10/31/2023
Trick or Treaters aren’t the only ones spooked these days… potential home buyers have recently been hiding from the shadow of high interest rates.
The average 30-year, fixed mortgage rate crossed 8% last week, and it sent a chill across the real estate industry. Nationally, new mortgage applications dropped last week to levels unseen since January 1995.
Here in Twin Creeks, only one new home purchase contract has been written so far in October… that coming yesterday when 103 Suntan Court went under contract. The purchase is contingent on the sale of the buyer’s current home.
There are now 30 homes listed for sale in the development. Savvy buyers who can navigate high interest rates – or come with plenty of cash – have the upper hand in negotiations right now and the pick of the litter!
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Want a more detailed perspective on what’s happening in our neighborhood, Winchester, or Middle Tennessee? Give me a call on my mobile phone at 615-500-6393.
This page will be updated weekly with key Twin Creeks real estate data. Further down the page, you can also check out what’s currently listed for sale on MLS right here in the neighborhood.
Thanks for stopping by, and please consider me if you’re planning to buy or sell real estate here in Twin Creeks, or elsewhere in Middle Tennessee!
1 NEW TWIN CREEKS LISTINGS LAST WEEK (10/23/23 – 10/29/23)
0 TWIN CREEKS CLOSING LAST WEEK (10/23/23 – 10/29/23)
Flint Adam is an award-winning, 10- year real estate veteran. While he calls Nolensville, Tennessee his home, you’ll frequently find him in Twin Creeks, or on Tims Ford Lake, with family. Flint enjoys blogging about local real estate, traveling the world, photography, and hiking. He is passionate about serving his neighbors and guiding them home!
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TWIN CREEKS 2023 RESIDENTIAL SALES SO FAR (Through 10/31/23):
TWIN CREEKS 2023 EMPTY LOTS SALES SO FAR (Through 10/31/23):
TWIN CREEKS 2023 SALES STATS (as of 10/31/2023):
(all stats are for single-family homes & town homes sold in the neighborhood and listed on MLS)
Number of sales: 29
Median Sales Price: $585,000
Median Sold Price/Square Foot: $235
Average Days on Market: 69
Average Sales-Price to List-Price Ratio: 95.85%
Want to know what a particular home or lot in our neighborhood sold for, regardless of date? Email me at flint@theguidehome.com for a report.
TWIN CREEKS 2022 REAL ESTATE SALES FINAL STATS:
(all stats are for single-family homes & town homes sold in the neighborhood and listed on MLS)
Twin Creeks 2022 total sales: 36 (up 12.5% year-over-year)
Twin Creeks 2022 median sales price: $664,500 (up 40.20% year-over-year)
Twin Creeks 2022 median sold price/sf: $255 (up 23.19% year-over-year)
Twin Creeks 2022 average days on market: 36 (down 8 days)
Twin Creeks 2022 average Sales-Price-to-List-Price Ratio: 98.13% (down 0.67% year-over-year)
Twin Creeks 2022 lowest selling price: $439,900 – 32 Island Way
Twin Creeks 2022 highest selling price: $1,400,443 – 16o Wakeboard Way
SCHEDULE A NO-COMMITMENT, HOME PRICE EVALUATION:
No computer algorithm truly understands what makes your home unique, that’s why you need to speak with a neighborhood real estate expert who has closed more than 70 Bent Creek homes!
I have earned the Pricing Strategy Advisor certification – additional education specifically geared toward making me your home pricing expert!
I am also a designated Seller Representative Specialist (SRS) with specialized training in helping homeowners sell their homes for the most money in the least amount of time!
Call me at 615-500-6393 and schedule your no-obligation home evaluation today!
CURRENT SUPPLY OF TWIN CREEKS HOMES:
The above illustrates how many months of housing inventory are currently available in Twin Creeks and Winchester as a whole. This includes under contract sales that are listed as “still showing, accepting back-up offers”.
A normal/balanced supply of housing inventory is considered to be five to six months, meaning neither buyers nor sellers are at an advantage and there is enough supply that it would take six months for everything currently available to sell.
Less than five month’s supply is considered a seller’s market, and greater than six month’s supply is considered a buyer’s market.