About Nashville's Bradford Hills

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

Bradford Hills Third Quarter 2011 Market Report

Bradford Hills saw a nice increase in sales this past quarter! Sales were up 75% over the same period in 2010! This is not the case in all of middle Tennessee, so something great is happening here!

Though the Sales Prices show a decrease of 5%, the actual price per square foot only dropped 2% from $85.63/sqft to $84.23/sqft. The days on the market are down and inventory is at a 5 1/2 month supply.

Bradford Hills is slowly turning back into a stable market.

Nashville TN Real Estate

Bradford Hills Fall 2011 Sales Report

Sales were down a bit for the first 3 quarters of 2011.

In Bradford Hills, 13 of the 17 that closed in 2010 qualified for the First Time Buyers Tax Incentive! That made a huge difference in the two years numbers.

By all accounts, sales are steady in Bradford Hills with prices just down 3%. Combining the numbers with Holt Woods, there have averaged 3 sales each month and there are currently 17 homes on the market.

The market is considered stable with a 6 month supply of homes. With just under 6 months, one would assume that the market seems to be in balance at this point.

Nashville TN Real Estate

Bradford Hills July 2011 Sales are Booming!

That's right Sales are up 300% in Bradford Hills for the month of July. Last year had only 2 closings in July. Last month there were 6 closings!

September of 2010 had one sale. There is already One Pending sale and 2 homes with contingencies. Sales will be up again in September at this rate!

All of the homes that have closed, have closed under $200,000. That's certainly down from the highs several years ago.

The average days on the market are down from 161 a year ago to 65 days in July. This means that if you will price your house right, it will sell in a short time.

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.