Holt Woods 3rd Quarter 2012 Market Report
Holt Woods saw a slight decrease in the number of homes sold but the price increase more than makes up for the difference. Nashville in general has seen both price and number of sales increases month after month in 2012.
The Holt Woods subdivision is linked with Bradford Hills and the trends in one tend to match the trends in the other. The following numbers show the sales for the 3rd quarter of 2012.
| 2011 | 2012 | Percent Change | |
| # of Homes Sold | 3 | 4 | -25% |
| Average list Price | $212,930 | $196,150 | 8% |
| Average Sales Price | $207,200 | $190,595 | 9% |
| Days on the Market | 55 | 100 | -45% |
Holt Woods currently has one home Pending and 2 Active for Sale listings. One of these actually has a home inspection contingency, which leaves only one home available for purchase. With inventory this low, one would consider this a Seller's Market.
Since Holt Woods is linked with Bradford Hills, one needs to consider the sales and inventory in the Bradford Hills 3rd Quarter Market Report. Between the 2 there is a Less than Three month Supply of homes for sale. This certainly indicates that the market is more in favor of the Sellers than the Buyers.
Comments(0)