The booming month of June 2009 proved to have only two closings in the Oak Hill area of Nashville, TN. One of them is a bit misrepresented here on the Comparable Market Analysis Chart and I will disclose the reason. Have a look at the closings first, though:
|
Oak Hill Market Report: June 2009 |
||||||||
|
Address |
BR |
BA |
Yr Blt |
Sq Ft |
List Price |
Sales Price |
SP/SF |
Days on Market |
|
823 Nanearle Drive |
3 |
2 |
1957 |
1953 |
$399,500 |
$394,500 |
$202 |
41 |
|
719 Omandale Drive |
4 |
3/1 |
2008 |
4113 |
$685,000 |
$685,000 |
$166.55 |
134 |
|
AVERAGES |
3.5 |
|
1982 |
3033 |
$542,250 |
$539,750 |
$177.96 |
87 |
|
|
|
|
|
|
|
|
|
|
Despite the fact that the Omandale Drive house says that it has been on the market only 134 days, it has actually been for sale since its construction was complete in December of 2007. The price on it had also adjusted approximately $100,000. Choke!
While I seem to be having no problems with sales in the $200,000 range and under, the sales over $200K are simply moving at a snail's pace.
If your house is currently listed and you are feeling upset about the fact that offers are just not coming in, try and take heart. You are NOT ALONE!
Oak Hill is still one of my favorite parts of Nashville to live in. We have SO MUCH to offer here and the beauty of this area - well, let's just say, it's extremely hard to beat!
______________________________________________________________________________________ If you are interested in finding a home in 12th South, Belmont, Downtown, East Nashville, Green Hills, Forest Hills, Hillsboro Village, Music Row, Oak Hill, West Meade or West End/Vandy area of Nashville, or would like to look at other real estate for sale in Davidson County, Williamson County or the Middle Tennessee area, please search the MLS HERE. Please note: You will have to register with my site to be able to search the MLS. I will contact you initially and all requests thereafter for privacy will be respected. Looking to move? Wanting to Invest? Need help as a First Time Buyer? Please feel free to call me, Emily Lowe (yes, I'm a Realtor, with The Lipman Group Sotheby's International Realty) at 615.509.1753
Well, after the abysmal report from last month, a couple of Oak Hill homes DID actually sell in the month of May 2009! And in two completely different price ranges!
There are currently 45 properties on the market in Nashville's Oak Hill subdivision, ranging in price from $320,000 to $5,950,000. Four of these 45 properties have contracts on them. So things are looking up!
If you are a resident of Oak Hill or if are new to Nashville and don't know anything about the Oak Hill area, I welcome you to check it out! It's where I choose to live myself, although I'm rather biased because I also grew up here! Here is a link to my other blog posts on Oak Hill and its community website.
|
Oak Hill Market Report: May 2009 |
||||||||
|
Address |
BR |
BA |
Yr Blt |
Sq Ft |
List Price |
Sales Price |
SP/SF |
Days on Market |
|
780 Blevins Drive |
3 |
2/0 |
1967 |
1985 |
$350,000 |
$350,000 |
$176.32 |
10 |
|
719 Omandale Drive |
4 |
3/1 |
2008 |
4113 |
$685,000 |
$685,000 |
$166.55 |
134 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AVERAGES |
3.5 |
|
1987 |
3049 |
$517,500 |
$517,500 |
$169.73 |
72 |
______________________________________________________________________________________
If you are interested in finding a home in the Oak Hill Subdivision of Nashville, or would like to look at other homes in the Middle Tennessee area, please search the MLS HERE.
If you would like to have a free comparable market analysis done on your home, if you are a first-time buyer (haven't owned a home in the last three years), an investor or just would like to talk real estate, please feel free to call me, Emily Lowe (yes, I'm a Realtor) at 615.509.1753!
In the news, everyone has been talking about how the Obama administration is doing. Have things been changing? Are we feeling more hopeful? Are we turning the economic crisis around?
If the May 2009 Homes Sales in the Greater Nashville Area are any indication, then the short and not-so-nice answer is NO.
In home sales, we are down 28.9% from this time last year (May 2008) and down in overall closings for the year by 31.2%.
To view a copy of this report which was sent out by the Greater Nashville Association of Realtors today, then click here.
On a more positive note, I am glad to see that there were 2000 PENDING sales at the end of May 2009.
It seems on a whole that everyone is feeling more positive and hopeful in general, but SO MANY PEOPLE have been hit hard by this recession that morale is going to be pessimistic at best for a while. I know that I personally want to wait and see that an upward trend is STRONGLY on the move before I decide to spend extra money frivolously. And when I talk to my friends and loved ones, this seems to be their attitude as well!
Well here it is - the April 2009 Market Report for Green Hills condos - there were not as many closings in April as there were in March 2009, but there were several closings anyway!
The Hillmont, Arden Place, Georgetown, The Villager, Burton Hills, Versailles, The Hillsborough, Estes Glen, and Hillsboro Place Condominiums were all represented in April's closings.
I am really looking forward to seeing how the summer months fare!
| Green Hills Condo Market Report: April 2009 | ||||||||
| Address | BR | BA | Yr Blt | Sq Ft | List Price | Sales Price | SP/SF | Days on Market |
| 2601 Hillsboro Pk. Apt C1 | 1 | 1/0 | 1971 | 600 | $99,000 | $90,000 | $150.00 | 41 |
| 5025 Hillsboro Pike Apt. 14R | 1 | 1/0 | 1969 | 771 | $139,000 | $122,000 | $158.24 | 209 |
| 5025 Hillsboro Pike Apt. 23E | 1 | 1/0 | 1969 | 1664 | $152,900 | $144,088 | $86.59 | 35 |
| 134 Hillsboro Place | 2 | 2/0 | 1984 | 1187 | $159,900 | $159,900 | $134.71 | 331 |
| 3000 Hillsboro Pike 5 | 2 | 1/1 | 1967 | 1080 | $169,900 | $155,000 | $143.52 | 63 |
| 2025 Woodmont Blvd. Apt 326 | 1 | 1/0 | 1995 | 850 | $169,900 | $167,000 | $196.47 | 44 |
| 1900 Richard Jones Road Apt V-1 | 3 | 2/1 | 1967 | 1600 | $184,900 | $175,000 | $109.38 | 87 |
| 227 Boxmere Place | 2 | 2/0 | 1985 | 1187 | $237,900 | $235,000 | $197.98 | 15 |
| 2025 Woodmont Blvd. Apt 313 | 2 | 2/0 | 1995 | 1233 | $244,900 | $240,000 | $194.65 | 24 |
| 4400 Belmont Park Terrace #146 | 3 | 2/1 | 1975 | 2368 | $279,900 | $261,000 | $110.22 | 90 |
| 364 Ardsley Pl | 2 | 2/1 | 1986 | 2177 | $371,000 | $371,000 | $170.42 | 0 |
| 3704 Estes Rd. #D | 3 | 2/1 | 1975 | 2820 | $439,000 | $425,000 | $150.71 | 43 |
| AVERAGES | 2.1 | 1978 | 1461 | $220,683 | $212,082 | $145.16 | 81 |
______________________________________________________________________________________
If you are interested in finding a home in the Green Hills area of Nashville, or would like to look at other homes in the Middle Tennessee area, please search the MLS HERE.
If you would like to have a free comparable market analysis done on your home, if you are a first-time buyer (haven't owned a home in the last three years), an investor or just would like to talk real estate, please feel free to call me, Emily Lowe (yes, I'm a Realtor) at 615.509.1753!
Well, I hate to be the bearer of bad news, but after a great March 2009 in Oak Hill, there were NO CLOSINGS in April 2009.
There are currently 35 homes on the market in the Oak Hill subdivision of Nashville, TN, and two of them have contracts on them, so we may see them close in May.
Currently, the average LISTED price per square foot in Oak Hill is $263.18, with a median LISTED price of $224.25. The price range is from $349,900 for 2460 square feet to $5,950,000 for 10,822 square feet.
Well, here's to hoping for a better market report in May!
______________________________________________________________________________________
If you are interested in finding a home in the Oak Hill Subdivision of Nashville, or would like to look at other homes in the Middle Tennessee area, please search the MLS HERE.
If you would like to have a free comparable market analysis done on your home, if you are a first-time buyer (haven't owned a home in the last three years), an investor or just would like to talk real estate, please feel free to call me, Emily Lowe (yes, I'm a Realtor) at 615.509.1753!
 |
|
|
Monumental Service only a Nashville Native and Second Generation Realtor can Provide! Specializing in first time buyers, investors, and short sales. Also, a Musician's Realtor! Member GNAR, eCertified
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
