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Spring Hill Homes Sales for October 2011

Spring Hill HomeSpring Hill Home Sales were up 108 percent in October compared to October of 2010 with 54 closings compared to 26. The prices of Spring Hill homes increased also with the average sales price of $209,210 this October compared to $200,929 in 2010, and increase of 4 percent. Days on market dropped to 89 days compared to 114 last year. With only 368 Spring Hill homes currently listed in the Nashville MLS, the absorbtion rate is now down to less than 7 months.

My assessment of the Spring Hill market is that it's made rapid improvements in the last year, but I think the big jump will happen when the I-65 expansion is completed in the next few months. The biggest complaint that most people have with Spring Hill is the traffic, and that issue will be taken care of. So I'm telling my customers that Spring Hill homes will probably sell much faster in the coming year.

  • 54 Spring Hill homes closed in the month of October compared to 26 last year
  • the price of Spring Hill homes averaged $209,210 compared to $200,929 last October, a 4 percent increase
  • the average size of homes sold was 2283 square ft compared to 2284 square feet last year
  • days on market was 89
  • 72 Spring Hill homes are currently pending sale
  • 368 Spring Hill homes are currently listed in the Nashville MLS as available for purchase, but 97 of these are new homes and most will probably not be finished yet
  • the absorption rate of Spring Hill homes is 6.8 months

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For the most-up-to-date information on Spring Hill current home values, then we urge you to contact us. We can assist you with all aspects of buying or selling real property in this and other neighborhoods in the Nashville Metro area. Also ask to be placed on an instant notification system when any new Spring Hill MLS listings come on the market or price reductions in Spring Hill are posted.
Benchmark realty can assist buyers in all forms of Nashville relocation needs including new construction houses, condos, townhouses, for sale by owner homes, residential lots, townhomes, lofts, and new homes in various subdivisions across the Nashville Metro region. If you are interested in foreclosure homes including pre-foreclosures, short sales, REO properties, bank owned properties and other types of foreclosure properties, then we can assist you. If you’re searching for Nashville foreclosures in Spring Hill or neighboring communities, then we invite you to view the listings in this or any of the Nashville popular subdivisions on our site. And if you’re searching for condos or townhomes for sale in the Nashville area, feel free to browse our updated listings of Nashville condos, townhouses, townhomes, lofts on our site.
information on this page is based on information on single family homes for sale in Spring Hill per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed. 
 

Published Monday, November 07, 2011 10:32 AM by larry Brewer

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