Spring 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.
My assessment of the Spring Hill real estate market is that 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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Good morning, Larry. Looks like the market is starting to pick up some. Good!! We need it...
Thanks michael - this report even surprisedme. I think Spring Hill will double in size the next 5 yeears.
Good presentation of the numbers. Where there are jobs, people will follow, and we're definitely getting a lot of new job openings. It's nice to be excited about Spring Hill real estate again.