In March there were 225 deeds registered in Putnam County
The Upper Cumberland Business Journal brings you the top 3 residential transactions in March.
The market is in a downward spiral nationally, according to the National Association of Realtors (NAR). Well, spiral might be an overstatement, but sales are trending downward with existing-home sales in the South fading 5.9% from February to an annual rate of 1.9 million in March and down 5% year-over-year. The median price for a home in the South was $359,100, up 3.4% from last year.
Among the four major U.S. regions, sales also slid in the Midwest and West.
In the Upper Cumberland, there were 879 total listings over the first three months of the year. Median sales price on those homes was $292,000. The properties stayed on the market an average of 105 days, according to the Upper Cumberland Association of Realtors.
If you total that up, residential homes sold for a total of $168,263,440 from January to March.
Single Family residential homes were paid for in 11 different ways over the 3-month stretch, including: Cash, 147 times; through the VA, 53 times; sell financing, two times; conventional, 206 times; through FHA, 75 times; assumed, once; FMHA, once; through rural development, five times; USDA, 10 times; THDA, three times and “other,” six times.
Four homes sold for over a $1M in that stretch.
In March 225 property deeds were registered with Putnam County, also slightly down from 232 registered in February. Luxury properties sold in Putnam County were not an exception to the national trend, but there were many beautiful homes sold last month.
With that in mind, on to the March list.
Topping the list is a beautiful seven-bedroom, five-bath, 5,272-plus square foot property on 5 acres at 725 Friar Tuck Lane in Cookeville (pictured above and below) that sold for $880,000. The brick home in gated courtyard is offers multiple private bedrooms and entertaining options, including formal dining area, sunroom, expansive living room with a fireplace, wet bar and jacuzzi tub.
725 Friar Tuck Lane, Cookeville
2. 764 East Loweland Road, Cookeville
3 bd 4 ba
Square Feet: 3,980 square foot at the end of a cul-de-sac on Loweland Road with gourmet kitchen.
Purchase price: $679,500
764 East Loweland Road, Cookeville
3. 2023 Bear Creek Point, Cookeville
5 bd 3 ba
Square Feet: 3,700 Craftsman style home home located with 9 foot ceilings and walk-in pantry.
Purchase price: $550,000
2023 Bear Creek Point, Cookeville
Photos courtesy of Zillow.
Copyright 2024 The Upper Cumberland Business Journal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Other stories you may want to check out:
