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.
| 2010 | 2011 | Percent Change | |
| Homes Sold | 14 | 7 | -50% |
| Average list Price | $202,725 | $192,203 | -5% |
| Average Sales Price | $195,892.00 | $185,549.00 | -5.00% |
| Days on the Market | 73 | 88 | 21% |
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.
Connie Harveyis a local agent with Pilkerton Realtors, serving home buyers and sellers in Nashville, TN, Brentwood TN, and Franklin TN. Let her help you realize your Real Estate goals. She can be reached at 615-371-2474.
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Hi Connie! I am seeing improvement in some communities.....hope the trend continues!
ANN - OMGosh me too!
I hope the "experts" are right, Connie! Best of success to you!
Steve - I sure hope so too. I'm ready for things to pick up!
❦ Connie, let's hope the prices will start to see an uptick in the next little while in Nashville. We're seeing/feeling it here in the Raleigh/Cary area but not in the upper price ranges yet. There are some kick butt deals out there if anyone's looking for a home over $700/$800K!!
Pamela
Pam - It's kind of hit and miss right now. I know it's going to get better!
Connie- Good stats, easy to make sense of. While I got you thanks for me getting back in gear.
Joe - I always like to help! Thanks for checking in. :)
Connie--Here's hoping your market comes back quickly. Everyone wants to see more improvement. In the meantime we will continue to do our best to serve our buyers and sellers. :)
Mary - Thank you. That's all we can do!
Connie The formatting of your report on Brafford Hills is excellent - concise, but informative. The numbers appear to be improving.
Karen - It does seem like things are improving. We all certainly need it!
Connie, now that you mention it, I have not done an inspection in that area this year. Wow!!!
Sounds like good news to me! Very encouraging to read statistics like those.
Michael - It's usuallyMichael a fast selling neighborhood so I'm surprised you haven't been in there working!
Karen - I couldn't agree more! We all need good news these days.