Nashville TN Real Estate - Holt Woods 2010 Market Report
The Numbers in Holt Woods are all over the place this year. Instead of doing a chart we'd like to explain the dynamics of the Market in Holt Woods. There are over 40 different floor plans with the homes ranging in size from just over 1100 square feet (sqft) to almost 3000 sqft. This means that prices can vary by up to $70,000.
Home sales were down 30% for the year over 2009, from 10 to 7. The average price/square foot appeared to also be down 10%. However, upon close examination, of the 7 sales in 2010, only 3 of them were over 2000 sqft, where of the 10 in 2009, all but 1 were over 2000 sqft.
Larger houses typically sell for more than smaller houses, thus the higher average sales price. Still along this thought, the smaller houses are mostly ranch style homes. Will all of the homes having 1 kitchen and 2 or 2.5 baths, the cost of the smaller homes is often considerably higher in the price per square foot than the larger.
With all of that said, prices are down a bit. There are currently 8 homes on the market or a 14 month supply. The days on the market increased from 70 days to 96 in 2010. The 8 homes for sale, have been on the market for an average of 107 days.
We are seeing activity pick up and hopefully these homes will be sold before the new spring crop of listings.
Don't forget to join the Holt Woods Community Page on Facebook for updates on the market and other local happenings. Post your own neighborhood events there!