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
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.