Yesterday in John's Tuesday Morning Coffee VIDEO he presented the 2010 Seller Success Rates for Rutherford County, TN which were on the verge of a decade (perhaps longer) low at 42.02% (the only similar year we've seen in Rutherford County was 2008 when we experienced a slightly lower 41.97% as a market). The average sales price for Murfreesboro and the surrounding cities in Rutherford County in 2010 was $165K, down from 2006 when the banner year brought a $178K average sales price. In those same years we experienced a 97% list vs. closed price and 101% LP/CP respectively.

Now we don't normally take refuge in the despair of others, however I noticed something interesting today, the celebrities in our area that we've come to embrace and admire experienced a much lower Seller Success Ratio in 2010. In fact, it may be closer to 20% for the rich and famous.

The only documented celebrity sale I could find was Alan Jackson's beloved estate, "Sweetbriar", which was on the market for 336 days and sold for $28 million, down $10,000,000 from the original asking price.

Still on the market are the luxury homes of singers Lee Ann Rimes and Kelly Clarkson and of actor James Marsden.

Lee Ann Rimes' 7 bed, 8 full bath, 3 half bath home in Franklin features 13,310 sq/ft on 5.22 acres. Check out that $6,249,000 listing HERE.

Kelly Clarkson's 5 bed, 5 full bath, 2 half bath home in Nashville's Belle Meade Subdivision is also still sitting unsold for $1,449,000 on 0.69 acres. You can take a closer look at her 4,900 sq/ft home HERE.

James Marsden's 3 bed, 3.5 bath home in Forest Hills is still listed for $1,100,000. That property features 2.15 acres with the home totalling 3974 sq/ft. HERE is the link to that one.

Also of note was singer Sheryl Crow's Cross Creek Farm which failed to sell at auction. That property was listed back in May for $7.5 million and was withdrawn to make way for the unsuccessful November 23rd auction.

We love our celebrities here in middle Tennessee and as a whole we're well known for "leaving them be", which probably has a lot to do with the relatively low number of celebrity listings we see go on the market year in and year out. However, do remember that most $Million+ homes tend to sit on the market for quite some time given the small pool of buyers with pockets deep enough to enter the luxury market.

With that in mind, if you or someone you know is in the market to buy or sell a luxury home in the greater Nashville area we house a team of seasoned professionals with the knowledge, tools and know-how to make your next real estate experience both a successful and enjoyable one.