Nashville TN Real Estate Bradford Hills 1st Quarter 2012

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Real Estate Agent with Pilkerton Realtors

Nashville TN Real Estate

Bradford Hills 1st Quarter 2012

Bradford Hills Market Report

The Bradford Hills Spring Market Report is being reported with the Holt Woods Market Report because of the similarities of the properties and there was not a large number of sales.

 

  2011 2012 Percent Change
# of Homes Sold 5 4 -20%
Average list Price $192,720 $188,050 -2%
Average Sales Price $182,720 $181,500 -1%
Days on the Market 92 99 8%

 

Prices seem to have finally hit bottom even though we're reporting a slight decline compared to the first quarter of 2011.

Bradford Hills and Holt Woods currently have 12 properties listed as active with 3 having contingencies on them. The one Pending sale is a Short sale.

Bradford Hills has just 9 homes available for purchase. this is  a 7 month supply of Inventory. 6 months is considered balanced so 7 says we're slowly turning away from the Buyers market that buyers have enjoyed the past few years.

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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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Cindy Edwards
RE/MAX Checkmate - Johnson City, TN
CRS, GRI, PMN - Northeast Tennessee - 423-677-6677

Time for the market to swing upward.  I think with our great weather coming on, we are in for some good news.  Nice report.

Apr 03, 2012 04:41 AM #1
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Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

Cindy - Thank you! We need some rain to wash some of this pollen away.

Apr 03, 2012 09:01 AM #2
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AJ Heidmann
McEnearney Associates, Inc. - Alexandria, VA
YOUR Alexandria & Arlington, VA Real Estate Expert

Connie - When you have so few sales in a community, a difference of just 1 or 2 can really swing the needle, like with the 20% drop in sales due to one less settlement.  It's good to hear that the market there is moving towards more of a balanced market and that may be the thing that gets some buyers off the fence.  Best of luck in the 2nd quarter!

Apr 07, 2012 02:40 PM #3
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Connie Harvey

Realtor - Nashville TN Real Estate
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