Nashville Area Oak Hill Home Sales: November 2009 Market Report

 Nashville Area Oak Hill Home Sales:  November 2009 Market Report

Oak Hill Market Report for November 2009

 Oak Hill home sales continued to sag in November 2009.  Down yet another closing from the previous month, Oak Hill showed only three closings during the November month. 

Address

BR

Baths

Yr Blt

Gar

Sq Ft

LP/SF

List Price

SP/SF

Sales Price

DOM

 

852 Battery Ln

3

2 / 1

1950

2

2,121

$155.54

$329,900

$145.69

$309,000

45

 

5005 RAGLAND DR

3

3 / 0

1959

2

2,645

$147.41

$389,900

$150.35

$397,675

144

 

891 CURTISWOOD LN

4

3 / 1

1967

2

4,744

$210.58

$999,000

$163.36

$775,000

279

 

Average

3.33

 

1958

2

3,170

$180.74

$572,933

$155.80

$493,891

156

The good news is that the Oak Hill home sales price per square foot is up from $146.74 to $155.80!

Let me elaborate a little bit about that house on Curtiswood Lane that closed this month.  This market report (which is taken by me directly from the MLS) shows that it was listed for $999K and closed in 279 days.  The reality of that particular house is that it was originally listed for $1.4M and was on the market for 717 days! 

Also, the Battery Lane listing was actually on the market 129 days and started at $379K. 

I believe that the facts are worth keeping in mind.  While I have been personally seeing a slow but steady increase in the market overall, this “improvement” is reflective of what I believe it will take to have a complete rebound.  Mortgage lenders are super cautious, the government is putting in new and restrictive guidelines for those in the real estate industry.  It will still be a LONG TIME to be fully recovered!

So sit tight, Oak Hill-ites, and enjoy the beautiful view from our little Nashville nook!

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If you are interested in selling or finding a home in Green Hills, Downtown, 12th South, or Oak Hill area of Nashville, or would like to look at other real estate for sale in the Middle Tennessee area, please search the MLS HERE.  Please note:  You will have to register with my site to be able to search the MLS.  I will contact you initially and all requests thereafter for privacy will be respected.

Looking to move?  Wanting to Invest?  Need help as a First Time Buyer?  Please feel free to call me, Emily Lowe (yes, I’m a Realtor, with The Lipman Group Sotheby’s International Realty) at 615.509.1753