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Is Hermitage in a Buyer's Market.......not to sure.....take a look for yourself.

By
Real Estate Broker/Owner with Liberty House Realty LLC

Below you will find a Sales Analysis for area 7 (Cumberland River to I40E). I pulled this information from MLS for all Single Family Homes only. You will see at the very bottom a cumulative graph that puts it all together.

 This first graph is for April 19 - May 19, 2008

 

  Closed  35 Properties Found

  

Square Feet

Bed Room

Full Baths

Half Baths

List Price

Sales Price

Days on Market

MIN

1,080

0

0

0

$64,500

$64,500

0

AVG

2,000

3

1

0

$187,032

$183,537

83

MAX

3,143

5

3

2

$315,000

$313,334

383

 This second graph is for April 19 - May 19, 2007

 

  Closed  51 Properties Found

  

Square Feet

Bed Room

Full Baths

Half Baths

List Price

Sales Price

Days on Market

MIN

1,088

2

1

0

$84,900

$86,500

0

AVG

1,910

3

2

0

$184,835

$184,834

48

MAX

3,489

6

3

1

$392,579

$392,579

337

 This third graph is for April 19 - May 19, 2006

 

  Closed  63 Properties Found

  

Square Feet

Bed Room

Full Baths

Half Baths

List Price

Sales Price

Days on Market

MIN

841

2

1

0

$84,900

$77,000

0

AVG

1,987

3

2

0

$184,424

$182,254

49

MAX

3,667

5

3

1

$380,962

$380,962

224

 

 

 

 

 

 

 

 

Years

4/01 - 4/30/2006

4/01 - 4/30/2007

4/01 - 04/30/2008

 

 

 

 

 

 

# of homes Sold in Area 7 (Hermitage)

63

51

35

 

% of Homes Sold

 

19% less than 06

31% less than 07

 

 

 

 

 

 

# of homes Active in Hermitage

388

446

542

 

% of Homes Active

  

14% more than 06

21% more than 07

 

 

 

 

 

 

Avg Sq. Ft. in Homes Sold

1987

1910

2000

 

Avg Sales Price in Homes Sold

$182,254.00

$184,834.00

$183,537.00

 

Avg $ amt. per Sq. Ft. Sold

$91.72

$96.77

$91.77

 

Avg Days on Market

49

48

83

 

 

 

 

  

  

 

                   

 www.JesseGonzalezRealEstate.com