Nashville Tennessee Living

Nashville TN Real Estate 

Holt Woods 2011 Market Report

Holt Woods saw a nice increase in sales in the year 2011.

Nashville's Real Estate sales were up 1.8% for the year and 18% for the final quarter of 2011. Holt Woods was way ahead of that!

Prices are still down a bit but the outlook for 2012 is very positive.

There are 3 homes showing active in Holt Woods and one of those has an Inspection Contingency. That leaves a less than 3 month supply of inventory.

This is a great time to be looking to sell your home in Holt Woods since the competition is weak.

Nashville TN Real Estate 

Bradford Hills 2011 Market Report

For Nashville TN Home Sales, 2011 was the first year since 2006 that actually showed an increase in the number of homes sold over the number of the prior year. The increase for the year was only 1.8% but the final quarter of 2011 was up almost 18% compared to the final quarter of 2010.

Bradford Hills showed a modest decline in the number of sales in 2011 compared with those of 2010. Prices also adjusted downward 3% for the year somewhat less than the area average.

There are currently 2 homes pending and 6 active listings in Bradford Hills. Based on the prior 12 months, inventory is low with only a 4 month supply. Inventory is down in all of the middle Tennessee area but there is still a 9 to 10 month supply overall.

Even with the slight decrease in price, Bradford Hills is in a good position to have a strong 2012.

Nashville TN Real Estate 

Closings are up in October 2011

Total sales were up over 15% for the month of October, compared with October of 2010.

"October marks the fourth consecutive month of increased sales for Middle Tennessee" said GNAR President Alice Walker.

Year to date sales are still down 1% compared to the same period in 2010 but the pending sales are up in October which could indicate that the market is starting to stabilize. The median Sales Price for single family homes fell from $173,525 to $162,000, down 7%.

Home sales typically slow down as we enter the holiday season but this is not necessarily the time to take your home off the market. The Buyers looking in the next few months will be some of the most serious Buyers you'll find.

If you're thinking of putting your home on the market, it's more important than ever that it's properly positioned to meet your target audience.

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Nashville TN Real Estate

Holt Woods 3rd Quarter 2011 Market Report

Holt Woods saw it's home sales double over the same time last year.

Last fall there were only 2 sales in the third quarter. One of those was a foreclosure. The other had a sales price of $192,000. The 2 had an average days on the market of 136 Days.

This fall, in the Third Quarter, there were 4 sales, one of which was a foreclosure. The average sales price was $190,575, down less than 1%. The days on the market dropped to 100 Days, down 26%.

There are currently only 4 homes on the market, or a 3 month supply!

Holt Woods Sales, combined with Bradford Hills are showing a strong comeback this fall. Between the two neighborhoods, there is only a 4 month supply of homes.

Nashville TN Real Estate 

Villages of Brentwood First Half 2011 Market Report

Villages of Brentwood has sold well in 2011 despite the numbers going down this year. Spring of 2010 showed a spike in sales because of the Tax Incentive. Many of the Buyers in this neighborhood are first time homebuyers and qualified for the incentive.

Sales in Villages of Brentwood look like the prices have decreased a good bit, but when you compare the actual Sales Price per Square Foot, the prices only decreased 3%.There is currently one pending sale with a list price of $168,900. There are 8 properties on the Active market, which is just under a 6 month supply. This is a very healthy amount of inventory!

Villages of Brentwood is located in South Nashville in the Nipper's Corner area. It is zoned for Granbery Elementary, which is a popular elementary school in this part of town.

School will be starting in a few weeks and the existing inventory could be partially depleted by then.

Nashville TN Real Estate 

Bradford Hills First Half 2011 Market Report

Home sales in 2010 in Bradford Hills were remarkable because of the Tax Incentive that was being offered to stimulate the economy. Now, with no incentive we've seen the market adjust to our new Reality.

Prices are down just 5% and most experts feel that they have finally hit bottom and should be inching back up by spring 2012.

The Bradford Hills Active Listings are already priced closer to 2006 prices. Of the 17 active listings, 3 have home inspection contingencies. 2 of the listings are listed as lender approved Short Sales. Both Short Sale homes are at bargain prices and will probably not stay on the market for very long.

Nashville TN Real Estate 

Holt Woods First Half 2011 Market Report

Sales were up 300% in Holt Woods this first half of 2011! This is somewhat unusual since there was no Tax Incentive this year but there was in 2010. One has to wonder what causes the difference in thinking. Maybe that Interest Rates are still incredibly low and that it appears that prices have bottomed out finally and could actually be inching up!

The Holt Wood prices appear to be down in this chart but the truth is, the average size of the homes sold in 2011 was 1910 square feet vs. 2397 square feet. That actually makes the price per square foot go up 12%!

There are currently 6 homes on the market with one pending sale. With 9 sales in the past 6 months and only 6 properties available, there are not enough properties to fill the rest of the year.

The Holt Woods homes that are available are mostly over 2100 square feet. Smaller homes are needed to fill the void in this market!

If you live in Holt Woods, and are thinking of selling, now would be a good time to get your home ready.

Nashville TN Real Estate - Bradford Hills and Holt Woods

June 2011 Market Report

Sales have been all over the board this past 12 months in Bradford Hills and Holt Woods. The past 3 months have been the most active with an average of over 3 closings each month. We've combined the two neighborhoods in this report to give you a clear picture of what is happening in our immediate area.

Of the Bradford Hills and Holt Woods 29 homes listed Active for Sale, 2 have inspection contingencies. There are 2 Short Sales in the Active listings.

There is one Pending.

If this current trend continues, we will be able to declare the market is stable in this neighborhood. A market is considered stable when it has no more than 6 months supply of inventory.

The First Quarter of this year started slow with no closings until March. The average Sales Price has increased just over 1% in the past 12 months and the Days on the Market decreased from 107 to 77.

When looking to sell your home in Bradford Hills or Holt Woods, talk to agents who actually work the neighborhood. They have a great deal more insight when comparing one property to another.

It never hurts to interview more than one agent as commissions and services vary considerably.

Connie Harvey has lived and worked in Holt Woods since 1998.

Nashville TN Real Estate 

Villages of Brentwood 2011 Detailed Spring Market Report

Closed sales were down in Villages of Brentwood this spring. There were 3 homes pending at the end of the first quarter which would help put the numbers closer to the first quarter in 2010.

The actual numbers are:

Closed Sales First Quarter 2010: 5

Closed Sales First Quarter 2011: 1

Average List Price 2010: $161,029

Average Sales Price 2010: $157,320

Average Sales Price per Square Foot (spsf) 2010: $98.20

The one home that closed the first quarter of 2011 listed for $149,900 and sold for $144,100 or $115.28/sqft.

Larger homes typically sell for less/sqft than a smaller home. The homes that sold last year averaged over 1600 square feet. The home that sold in Spring of 2011 was only 1250 sqft.

The homes that were pending at the end of the month had asking prices that averaged $109.39/sqft. This would indicate that the prices have remained somewhat steady.

There are currently 7 propertys on the market for sale. This would be a healthy number considering the amount of turnover that usually occurs in this neighborhood.

Last spring the Tax Incentive was in place so sales for first time homebuyers would be expected to be higher than in 2011.

Villages of Brentwood is located in South Nashville, just off Old Hickory Boulevard in the Nippers Corner area. It located between Antioch and Brentwood, I-65 and I-24.

It is zoned for Granbery Elementary and Oliver Middle schools.

Nashville TN Real Estate -

Bradford Hills 2011 Detailed Spring Market Report

Bradford Hills has seen relatively consistent sales this spring compared to the first quarter of 2010. There were 3 sales last spring and there have already been 2 closed, a current pending and one of the Active Listings has an inspection contingency on it.

Compare this to Nashville's overall sales which were down 9% for the month of March, one sees that this neighborhood continues to sell at a good pace. There are currently 14 active listings. 2 of them are Short Sales, which is not terribly high for this price range.

There is a 7 month supply of homes which is down from a 10 month high this time last year. By eliminating a very low priced short sale, the average asking price is very close to the average asking price of the first quarter.