Nashville’s 12th South Area: A Review of 2011 Real Estate Data

 

Nashville’s 12th South Area:  A Review of 2011 Real Estate Data

Nashville’s 12th South area is a trendy spot for homeowners!  With the park, restaurants, shops and other businesses continuing to increase in number, 12th South is a real “hot spot!”

 

This is definitely clear when looking at Real Estate Data for 12th South during 2011. 

 

Here is what I found:

 

There were 86 properties  sold in Nashville’s 12th South area during 2011:

 

·         15 properties sold in the $500K-$700K range

 

·         43 properties sold in the $300K-$499K range

 

·         28 properties sold in the $299K and under range

 

The highest residential sales price in 12th South for 2011 was $629,700 and the lowest residential sales price was $180,100.  The average sales price per square foot was $169.33 and the properties were on the market an average of 79 days.

 

In the $500K-$700K range, all of the homes were either new or had been fully renovated.  One was not listed, but was sold by Realtors.  The average sales price per square foot was $180.86 and the homes were on the market an average of 82 days.

 

In the $300K-$499K range, three of the homes were fixer uppers (needing either kitchen or bath updates or both).  Eight of the homes were zero lot line (commonly known as duplexes).  The average sales price per square foot was $168 and the homes were on the market an average of 84 days.

 

In the under $300K range, ten homes were fixer uppers, three were zero lot line homes and one was not listed but was sold by Realtors.  The average sales price per square foot was $151.07 and the homes were on the market an average of 76 days.

 

As far as condos go, there were 5 condo sales in the 12th South area in 2011.  The average price per square foot was $155.61 and the condos were on the market an average of 86 days.  Condo sales prices fluctuated from $169,000 to $308,000. 

 

There were three lots sold in the 12th South area during 2011.  They were an average size of 0.39 acres, were on the market an average of 10(!!) days and ranged in sales price from $215K-$250K. 

 

Three multi-family homes were sold last year in 12th South.  They were on the market an average of 62 days and ranged in sales price from $154,000-$319,900.

 

Two commercial properties were sold.  Sales prices were $355,000 and $449,000.  They were on the market an average of 42 days.

 

The overall absorption rate for the 12th South area in 2011 was 60%.

 

Whew.  Got through them all.  12th South – you are definitely holding your own in real estate!

 

Now the fun part – the pie charts:

12th South Sales Price Range Data for 2011

12th South Real Estate Sales Data for 2011

12th South Real Estate Data for 2011

 

For more information on real estate in Nashville’s 12th South area, please feel free to contact me at 615.509.1753.