Holt Woods Subdivision Nashville TN Real Estate First Quarter 2009 Market Report

Holt Woods Subdivision Nashville TN Real Estate First Quarter 2009 Market Report

Home sales in Holt Woods are on tract to be similar to 2008. Though that is somewhat down from 2007 and 2006, general Real Estate in Nashville TN are down more than in this neighborhood. Prices, however, have seen a decline of between 6 and 8%.

Last year there were 3 closings in the first quarter of 2008. There were 2 closings this year in the same quarter and there are currently 2 homes under contract. Activity has picked up dramatically in the past few weeks. The closings this year were homes on the market 40 days less than those of last year.

The prices in Holt Woods are well below the FHA limit and most fall within the THDA limit. Homes typically sell between $175,000 and $250,000.

THDA has a program that allows the Buyer to borrow the $8000 Federal Tax Credit from THDA to use for the down payment and closing costs. It is added to the loan as a Second Mortgage, Interest FREE until June of 2009. At this point, the Buyer should have received their tax return and can pay the Second mortgage off.

Holt Woods Home Sales 2008 Market Report

2009 First Quarter - Nashville TN Real Estate Market Report

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