December 2008: Nashville’s Green Hills Condo Market Report

The Green Hills Condo Market turned out looking fairly healthy in December 2008 with 10 closings.  Of course, I use the term “healthy” very loosely, as there are still 91 active listings of Nashville’s Green Hills Condos.  And, if you are currently trying to sell your condo and struggling, then this is no consolation to you!  Anyway, here are the closings:

Address

BR

BA

YR BLT

SQ FT

List Price

Sales Price

SP/SF

DOM

3000 Hillsboro Pike Apt 110

1

1/0

1967

1081

$157,712

$138,000

$127.66

74

2097 Graybar Lane Apt C4

2

2/1

1969

1296

$174,900

$174,000

$134.26

190

5025 Hillsboro Pk Apt 2M

2

1/1

1969

1088

$195,000

$181,500

$166.82

229

3419 Golf Club Lane

2

2/1

1985

1637

$224,900

$208,500

$127.37

123

119 Hampton Pl

2

2/0

1985

1576

$229,000

$192,000

$121.83

304

 

2025 Woodmont Blvd Apt 314

2

2/0

1995

1301

$252,000

$242,000

$186.01

82

340 Ardsley Place

3

2/1

1986

2100

$284,900

$277,400

$132.10

144

4248 Hillsboro Pk

2

2/1

2004

1231

$289,000

$261,000

$212.02

93

684 Timber Ln

2

2/1

1969

1550

$295,000

$275,000

$177.42

41

4400 Belmont Park Ter Apt 234

2

2/1

1977

2190

$295,000

$290,000

$132.42

17

AVERAGES

2

 

1980

1505

$239,741

$223,940

$148.80

129

Let me list where the closings were.  These are in order as they appear in the Comparable Market Analysis above:  Versailles Townhouses, Graybar Manor, Georgetown Condos, Brighton Court Condos, Hampton Place, Hillmont Condo, The Hillsborough, Hillsboro Quarters, Regency Park and Arden Place. 

I only included the Green Hills Condos which are actually located in the 37215 zip code.  Several were end units (4) and others were either priced well, recently updated, or offered incentives, such as paying for a year of the association fees, owner financing or agent bonuses. 

Please don’t overlook the importance of offering some little “goodie” with the sale of your Green Hills Condo – this seems to be working with many of the buyers these days, as most of them are looking for “good deals”.

Hopefully you have all had a great Holiday Season and I wish you all a very Happy New Year!  YAY 2009!

For a free Market Analysis on your home in the Middle Tennessee area or for more information on listings, please call Realtor Emily Lowe at 615.509.1753!