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Nashville TN Oak Hall, 12 South & Lipscomb 2013 Home Sales Statistics

Nashville TN Oak Hall, 12 South and Lipscomb area Home Sales Statistics – 2013 Market Report

Nashville TN Oak Hall, 12 South and Lipscomb area home sales have increased this year in both volume and median price!  When considering single family home sales between January and November, the median sale price is up 10.2% from 2012 to 2013!  The median sale price for 2013 surpassed the median sale prices for the past 7 years!  This doesn’t necessarily mean that every home is worth more than previous years but the local market as a whole has greatly improved and is moving out of the down market we’ve experienced the past several years.  Similarly, the sales volume for 2013 has surpassed the volume of 2006.  Also, the median Days on Market has dropped and 12 South & Lipscomb area homes are selling faster than they have in 5 years!

Lipscomb area home    Lipscomb 12 south home

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Please note that real estate market conditions vary based on the specific location, condition and price point.  Ultimately, buyers are looking for value.  If a home is well presented and priced according to market, it will sell.  Everyone wants to get a good deal on the home they purchase.  Please give me a call at 615-260-5858 for more specific information regarding the area where you plan to sell or buy!  Visit my Real Estate Statistics Page at www.TiffanyWhite.com to see market reports for other Middle TN cities.

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The charts were created based on closed homes sales in MLS.  Below are the detailed yearly numbers from the Greater Nashville MLS.  Feel free to contact me if you have questions about this information.

 

Year 2006    294 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 696 2 0 $82,000 $81,500 0
AVG 2,520 3.37 2.24 $449,343 $433,901 48
MEDIAN 2,201 3 2 $339,450 $332,950 39
MAX 9,100 6 7 $3,499,000 $3,200,000 224
             
Year 2007    272 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 759 1 1 $99,900 $96,000 0
AVG 2,209 3.25 2.06 $394,871 $379,492 58
MEDIAN 2,041 3 2 $337,000 $328,450 46
MAX 6,084 5 5 $2,750,000 $2,350,000 432
             
Year 2008    241 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 759 2 0 $59,900 $45,000 0
AVG 2,417 3.28 2.16 $417,572 $398,962 69
MEDIAN 2,180 3 2 $339,000 $325,000 56
MAX 7,528 6 6 $1,999,990 $1,843,000 356
             
Year 2009    192 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 788 2 1 $119,500 $110,000 0
AVG 2,192 3.18 2.1 $375,806 $354,915 75
MEDIAN 2,031 3 2 $319,450 $302,000 55
MAX 7,268 6 5 $1,700,000 $1,425,000 372
             
Year 2010    197 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 700 0 0 $155,000 $137,500 0
AVG 2,330 3.23 2.13 $374,075 $357,896 71
MEDIAN 2,090 3 2 $329,900 $315,000 59
MAX 8,180 5 5 $1,495,000 $1,400,000 240
             
Year 2011    285 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 767 2 1 $63,500 $60,000 0
AVG 2,448 3.35 2.34 $402,555 $378,516 83
MEDIAN 2,098 3 2 $317,500 $308,000 70
MAX 15,950 9 9 $3,100,000 $2,800,000 597
             
Year 2012    307 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 837 2 1 $95,000 $80,500 0
AVG 2,369 3.37 2.24 $402,559 $386,289 75
MEDIAN 2,148 3 2 $339,000 $327,500 58
MAX 9,484 7 5 $3,995,000 $3,300,000 586
             
Year 2013    318 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 763 1 1 $65,900 $61,000 0
AVG 2,570 3.45 2.29 $460,650 $447,343 60
MEDIAN 2,319 3 2 $371,000 $361,000 49
MAX 10,755 7 7 $2,600,000 $2,350,000 445
Comment balloon 1 commentTiffany White • December 22 2013 05:48PM

Comments

THe Lipscomb area has been very hot for a long time now, for reasons that are obvious to me, students and teachers looking for a place close to the college. 12 south is different, it's more young professionals who work downtown and want to live in a trendy area. I think long term the lipscomb area will be a better investment but investors seem to agree and the prices are higher.

Have a merry Christmas

Posted by Larry Brewer - Benchmark Realty llc (Benchmark Realty LLc) over 4 years ago

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