Reside in Nashville’s Oak Hill area? Here’s the Real Estate Review for Last Year

 

Reside in Nashville’s Oak Hill area? Here’s the Real Estate Review for Last Year

 

As a homeowner in Nashville’s Oak Hill area, I was curious to see how Oak Hill fared in real estate sales during the last year (2011). So I did a real estate review and the following is what I found:

 

There were 47 homes sold in Oak Hill during 2011:

 

·      4 homes sold for over $1M

·      6 homes sold in the $700K-$999K range

·      6 homes sold in the $500K-$699K range

·      20 homes sold in the $300K-$500K range

·      11 homes sold in the under $300K range

 

The highest sales price in Oak Hill for 2011 was $2.59M and the lowest sales price was $185K.

 

In the $700K-$999K range, one of the homes was a “fixer upper” (needing either kitchen or bath updates or both).

 

In the $500K-$699K range, two of the homes were fixer uppers. One was a foreclosure.

 

In the $300K-$500K range, five of the homes were fixer uppers. One was a short sale and one was not listed, but was sold by Realtors.

 

In the under $300K range, seven were fixer uppers, one had major water issues, one was a foreclosure and one was a short sale.

 

I did not include the following homes in the above list, but they are worth mentioning:

 

·      One Oak Hill home was foreclosed on in 2011 and is now listed

·      Four homes were quit claimed

·      One home was a FSBO (For Sale by Owner)

 

Here are some pie charts of the 2011 Oak Hill Real Estate Review

 

Oak Hill Home Sales 2011

 

Oak Hill Home Sale Data 2011

 

 

Oak Hill Real Estate Year in Review 2011

The data shows that there was a 42% absorption rate for last year.

If you would like any more information on Oak Hill Real Estate, please feel free to contact me. 

Disclaimer:  All of this data was collected from Realtracs.com and from the Tennessee tax records.  All information is deemed accurate, but not guaranteed.  I am, after all, human.