December 2008: Nashville’s Oak Hill Market Report

So the results are in:  December’s Oak Hill Closings!  Very interesting group of them actually!

 If you are one of the 31 current sellers or are thinking of selling your home in Nashville’s Oak Hill Subdivision, the homes on this market report show that the highest dollar per square foot is going to the renovated homes.  To obtain top dollar, you may want to make sure yours is up to par. 

 

Address

BR

BA

YR BLT

GAR

SQ FT

List Price

Sales Price

SP/SF

DOM

713 Omandale Drive

3

2/0

1952

3

1702

$299,900

$285,000

$125.56

50

954 Evans Road

3

2/0

1945

0

1371

$314,000

$309,515

$225.76

82

860 Hillhaven Court

4

3/0

1972

0

3653

$339,900

$250,000

$68.44

301

AVERAGES

3.33

 

1956

1.5

2242

$317,933

$281,505

$125.56

144

 

The Omandale Drive house was completely renovated, but a little closer to I-65 than the renovated home on Evans Road – could that have made the difference in price?  Perhaps…

Hillhaven Court was in need of a complete renovation and also started at a much higher price point nearly a year ago – $439,900.  They did settle on $250,000 as the final price.

Four of the thirty-one active listings in Oak Hill currently which have contracts on them, which does show some more market activity.  I personally have also been receiving a lot more calls from potential buyers in the last week, so 2009 may be moving a little bit better. 

At this point in this crazy market, 2009 is anybody’s guess!

For a free comparable market analysis on your home in Middle Tennessee, please call Realtor Emily Lowe at 615.509.1753