In April there were 281 deeds registered in Putnam County
The Upper Cumberland Business Journal brings you the top 3 residential transactions in April.
The market is continuing a downward trajectory nationally, according to the National Association of Realtors (NAR), but In Putnam County April saw 282 property deeds registered with Putnam County, up from the 226 registered in March.
Nationally, existing-home sales faded 1.9% from 1 year ago to a rate of 4.14 million in April while the median existing-home sales price grew 5.7% from April 2023 to $407,600 (the 10th consecutive month of year-over-year price gains and the highest price ever for the month of April).
The inventory of unsold existing homes climbed 9% to 1.21 million at the end of April, or the equivalent of 3.5 months’ supply at the current monthly sales pace. Year-over-year, sales decreased in South, according to the NAR. Total existing-home sales (completed transactions that include single-family homes, townhomes, condominiums and co-ops) slid 1.9% from March to a seasonally adjusted annual rate of 4.14 million in April.
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. In total, 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.
With that in mind, on to the April list. There were many beautiful homes sold in Putnam County during the month.
Topping the list is a gorgeous six-bedroom, five-bath, 4836-plus square foot property on 5 acres at 860 Oaklawn Ct. in Cookeville (pictured above and below) that sold for $773,585. The brick home, located in a cul-de-sac in one of Cookeville’s most sought after neighborhoods, offers space for the whole family. It features a large family room with fireplace, curated design open to the oversized fully updated kitchen featuring quartz countertops, stainless appliances and lots of storage.
860 Oaklawn Ct. in Cookeville
2. 1418 Turnberry Place, Cookeville
5 bd 4 ba
Square Feet: 3,136 square foot single family residence built in 1997 with four parking garage spaces
Purchase price: $710,000
1418 Turnberry Place, Cookeville
3. 351 Mountain Top Lane, Cookeville
5 bd 4 ba
Square Feet: 4,804 completely remodeled home with new hardwood floors throughout.
Purchase price: $695,000
351 Mountain Top Lane, Cookeville
Photos courtesy of Zillow.
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