February 2009: Nashville’s Oak Hill Market Report – the word is OUCH!!

I went to check out the sales for Nashville’s Oak Hill community in February 2009 and… OUCH!!!  shock.jpg 11.2K

There was only ONE SALE!!!

To me this is really discouraging.  I mean, I know it’s the slow season for real estate, but COME ON!!!???!!!!  This speaks volumes to me in terms of what we are dealing with economy and market wise.

So here it is:

The only property sold in Nashville’s Oak Hill Community in the month of February was:

5329 Forest Acres Drive – 4 BR, 3 BA, 2 car garage, built in 1969 with 2694 square feet.  The asking price was $476,900, sales price was $450,000 – the sales price per square foot was $167.04 and the house was on the market for 231 days.

 

If you are interested in finding a home in the Oak Hill Subdivision of Nashville, or would like to look at other homes in the Middle Tennessee area, please search the MLS HERE.

If you would like to have a free comparable market analysis done on your home, if you are a first-time buyer (haven’t owned a home in the last three years), an investor or just would like to talk real estate, please feel free to call me, Emily Lowe (yes, I’m a Realtor) at 615.509.1753!