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MJ leads April home sales

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In Lebanon, the 38 resale homes had a median price of $134,250 and spent more time on the market with a median time of 77 days. Those homes sold at 94 percent of asking price on average.


Old Hickory ended the month with eight sales and a median price of $169,500 and median time on the market of 68 days. Watertown had four sales in April with a median price of $92,000, Hamilton noted.


Foreclosures or short sales were highest in Lebanon with 11 foreclosures followed by Mt. Juliet with six, Old Hickory with four and Watertown with two. Lebanons foreclosures or short sales composed 29 percent of its resale home sales in April.


Mt. Juliets foreclosures or short sales made up 13 percent of its resale home sales last month and Old Hickory had 25 percent and Watertown 50 percent of its resale homes sales being foreclosures or short sales.


There is still an ample amount of opportunities awaiting buyers and sellers as we move into the prime summer months of buying and selling as rates continue to stay at record lows, Hamilton said.


Home sales are not the only aspect of Mt. Juliets real estate business that appears to be going strong. Nashville development company Rochford Realty & Construction Co. Inc. announced an expansion of the Deerfield at Providence apartment complex.


The proposed $20 million expansion would add 162 units to the apartments, which would reportedly rent for about $1,000 a month. Currently, all 294 existing apartments in the project are rented.


Mt. Juliet Planning Commission is to consider the plan in the next two weeks, and the project is expected to begin construction by July 1.

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