West Nashville Condo Sales - December 2009 With auction and great deals going on, Nashville condo’s have been getting a lot of attention in the media. The fact is that great deals are still available, and a lot of good units are available. The statistics I’m using here are for the downtown area primarily on the west side of Nashville. Condo prices are all about location, so make sure you know what you are buying, and the safest thing is to have a knowledgeable realtor who knows the market
Nashville Condo sales for December 2009
- 70 Condo’s were sold in December compared to 35 in December of 2008.
- The average price of Condo’s sold in Nashville was $238,915 compared to $209,478 in 2008.
- The average size of Nashville condo’s sold was 1255 square ft compared to 1390 square ft in 2008
- The absorption rate for Nashville condo’s based on December sales and available inventory is 9.4 months
My analysis is that the auctions and media exposure created a lot of activity in December that will probably not continue into early 2010, however prices on Nashville condos haven’t been this low in many years, and if the lifestyle is attractive to you, now may be the best time you will ever see to buy a Nashville condo.
It’s a great time to buy a condo in Nashville with exceptionally low prices and tax credits available for some move up buyers and first time home buyers.