Tnrealestateblog's Blog

December 23, 2013

West Nashville TN Belle Meade, Sylvan Park area Home Sales Statistics – 2013 Market Report

West Nashville TN  Belle Meade, West Meade & Sylvan Park 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 11.6% 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 homes are selling faster than they have in 5 years!

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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    800 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 660 0 0 $14,000 $12,000 0
AVG 2,180 3.16 2.03 $370,540 $359,616 55
MEDIAN 1,900 3 2 $272,450 $269,950 45
MAX 12,212 7 6 $4,500,000 $4,200,000 389
Year 2007    758 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 620 0 0 $24,900 $17,500 0
AVG 2,343 3.22 2.18 $454,182 $437,649 62
MEDIAN 1,955 3 2 $309,945 $300,000 49
MAX 10,135 7 6 $5,400,000 $5,100,000 555
Year 2008    520 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 450 0 0 $27,500 $20,000 0
AVG 2,344 3.23 2.18 $467,313 $445,206 79
MEDIAN 1,904 3 2 $302,450 $295,000 63
MAX 10,000 7 6 $5,750,000 $5,300,000 515
Year 2009    483 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 486 1 1 $19,900 $12,321 0
AVG 2,093 3.13 2.09 $355,340 $334,612 83
MEDIAN 1,738 3 2 $249,900 $242,000 65
MAX 7,438 6 6 $3,150,000 $2,775,000 442
Year 2010     497 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 670 0 0 $20,000 $14,000 0
AVG 2,341 3.22 2.18 $392,642 $369,175 86
MEDIAN 1,996 3 2 $279,000 $264,888 70
MAX 10,399 6 6 $2,115,000 $2,115,000 508
Year 2011    514 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 651 0 0 $14,900 $11,000 0
AVG 2,429 3.32 2.26 $417,098 $393,231 98
MEDIAN 2,051 3 2 $278,250 $268,525 74
MAX 11,500 8 7 $3,995,000 $3,750,000 808
Year 2012    650 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 558 0 0 $12,000 $11,500 0
AVG 2,373 3.27 2.22 $414,407 $392,243 89
MEDIAN 2,092 3 2 $289,900 $277,750 74
MAX 10,000 7 7 $6,000,000 $5,994,000 820
Year 2013    813 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 651 0 0 $17,000 $16,300 0
AVG 2,430 3.28 2.26 $453,138 $431,586 73
MEDIAN 2,098 3 2 $317,000 $310,000 58
MAX 9,857 7 10 $8,850,000 $7,200,000 479
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