Nashville TN Real Estate - Bradford Hills 2009 Year End Market Report

Bradford Hills Nashville TN

The Nashville TN Real Estate market saw some major changes in the final quarter of 2009. With city wide sales up over 41% in the last quarter compared to the same time in 2008, those homeowners in the modestly priced homes saw inventory moving at a quick pace.

Bradford Hills was no different. With over 40 different Floor Plans and square foot sizes ranging from 1200 Square Feet (SqFt) to over 3000 SqFt we decided to give you the average price per square foot (SqFt).

Year Number of Homes Sold List Price/SqFt Sales Price/SqFt Difference
2008 32 107.07 105.82 98%
2009 31 102.6 100.33 98%
Difference no change -5% -5% no change

The number of homes sold was virtually the same year to year. Prices dipped 5%, well above the 11% average price decrease in Nashville in general. The final quarter of 2009 had 8 closings and the 3rd quarter 11 closings. That means that 61% of the sales occurred in the last half of the year.

There are currently 7 houses on the market, one with a financing contingency. That leave 6 or a less than 3 month supply of homes.

The Nashville TN Real Estate market for the year is still down 9% over 2008. Sales prices are down 11%. Inventory is also down but there is still a 7 1/2 month supply. The average sales price in Nashville went from $251,790 in 2008 to $225,252 in 2009. I point this out because the average price of the 2482 homes that are currently on the market is $354,351. There are going to be a lot of very disappointed people!

 

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Connie is a local agent with Prudential Woodmont Realty, serving home buyers and sellers in Nashville, TN, Brentwood TN, and Franklin TN. She is also a Homeowner in neighboring Holt Woods.

Let her help you realize your Real Estate goals.

Connie can be reached at               615-661-7800         615-661-7800 x 1300 or at HarveyC@realtracs.

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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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5 Comments on Nashville TN Real Estate - Bradford Hills 2009 Year End Market Report

JAN
12
2010
1,324,698 Points 37 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Connie

Thanks for the market update.

Good luck and success.

Lou Ludwig
7:22pm • #1
JAN
14
2010
362,046 Points 5 Featured Posts Localism Sponsor Attended Rain Camp

Hi Ms. Connie, hope you are warming up a bit. We are thawing out finally, but without the snow there is no color!!
5:50am • #2
679,205 Points 51 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Lou - thanks for stopping by.

Susie - yes, finally some warmer weather! Not much color here either. But... Spring is just around the corner!
9:40am • #3
1,307,984 Points 65 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Connie  It would appear this subdivision is faring better than the community as a whole.  Also, did you check out Picnik.com re; photo collages with color between and around the photos?
10:26am • #4
679,205 Points 51 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Karen - Thank you for sharing your "trade secrets"! I'll go play there today. I have a few neighborhood signs I wanted to clean up anyway.
10:51am • #5


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Connie Harvey Realtor Nashville TN Real Estate

Brentwood, TN

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Pilkerton Realtors

Address: 2 Cadillac Drive, Brentwood, TN, 37027

Office Phone: (615) 371-2474

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