Spring Hill TN had an active first quarter for Real Estate Sales. The city is located in two separate counties. These statistics are for the Maury County side of Spring Hill.

Here are the stats for Spring Hill As A Whole and The Williamson County Side of the City.

I also think it would be of value comparing this years first quarter results on the Maury side with the first quarter of last year, January 1st 2011 through March 31st 2011.

 

First Quarter 2012
 

During the first quarter of 2012 there were a total of 62 single family homes that sold on the Maury County side of Spring Hill:

Spring Hill Single Family Home Sales - Maury County 1/1/2012 through 3/31/2012

Courtesy of Realtracs:

Closed  62 Properties Found  Spring Hill TN Homes - Maury Co Sales
  Square Feet Bedrooms Full Baths Half Baths List Price Sales Price Days on Market
MIN 1,050 0 0 0 $59,900 $50,000 0
AVG 1,999 3.11 2.13 0.45 $179,966 $176,357 97
MEDIAN 1,985 3 2 1 $169,945 $171,200 85
MAX 3,180 5 3 1 $499,000 $492,500 617

 

We can now break these numbers down to three averages: The chart shows that Spring Hill homes on the Maury County side of the city that sold in the first quarter of 2012 were listed for an average price of $179,966 with an average list price per square foot of $90.03. The average day's on market were 97. This shows us that the average list price of homes that sold received on average 97.99% of the list price during the first quarter of 2012.

Last Quarter 2011

 

During the last quarter of 2011 there were a total of 82 single family homes that sold in Spring Hill - Maury County:

Spring Hill Single Family Home Sales - Maury County 10/1/2011 through 12/31/2011

Courtesy of Realtracs:

Closed  63 Properties Found    Spring Hill TN Real Estate
  Square Feet Bedrooms Full Baths Half Baths List Price Sales Price Days on Market
MIN 1,126 0 0 0 $79,900 $77,400 0
AVG 1,906 3.03 2.06 0.37 $165,328 $162,642 111
MEDIAN 1,800 3 2 1 $159,900 $160,111 92
MAX 2,931 4 3 1 $262,000 $267,000 733

 

We can now break these numbers down to three averages: The chart shows that Spring Hill Maury County homes that sold in the fourth quarter of 2011 were listed for an average price of $165,328 with an average list price per square foot of $86.74. The average day's on market were 111. This shows us that the average list price of homes that sold received on average 98.38% of the list price during the last quarter of 2011.

First Quarter 2011

 

Spring Hill Single Family Home Sales - Maury County 1/1/2011 through 3/31/2011

During the first quarter of 2011 there were a total of 68 single family homes that sold in Spring Hill - Maury County:

Courtesy of Realtracs:

 

Closed  42 Properties Found  Homes Sold 1st Qtr 2011 Spring Hill Maury Co
  Square Feet Bedrooms Full Baths Half Baths List Price Sales Price Days on Market
MIN 1,165 2 2 0 $97,000 $96,500 0
AVG 1,828 3.14 2.1 0.26 $165,309 $159,570 118
MEDIAN 1,790 3 2 1 $166,302 $159,950 128
MAX 2,759 4 3 1 $329,999 $324,000 356

 

We can now break these numbers down to three averages: The chart shows that Spring Hill - Maury County homes that sold in the first quarter of 2011 were listed for an average price of $165,309 with an average list price per square foot of $90.43. The average day's on market were 118. This shows us that the average list price of homes that sold received on average 96.53% of the list price during the first quarter of 2011.

 

Summary & Trends of These Spring Hill - Maury County Real Estate Statistics

First Quarter 2011                                  Last Quarter 2011                         First Quarter 2012

Homes Sold = 42                                   Homes Sold = 63                           Homes Sold = 62

Avg. List Price = $165,309                    Avg. List Price = $165,328             Avg. List Price = $179,966

Avg. Sale Price = $159,570                   Avg. Sale Price = $162,642           Avg. Sale Price = $176,357

Avg. SP/LP Ratio = 96.53%                   Avg. SP/LP Ratio = 98.38%           Avg. SP/LP Ratio = 97.99%

Avg. Day's On Mkt = 118                        Avg. Day's On Mkt = 111                 Avg. Day's On Mkt = 97

 

The information shows that they Spring Hill TN - Maury County market continues to trend in an overall positive direction with home sales sure to pick up as we now enter the heart of the buying/selling season. The avg sale price is up approx. 10.5% in the past year. The average sale price to list price ratio stable with sellers receiving almost 98% of asking price, up over a full percentage point from a year ago. The average days on market continue to trend in a positive direction as well showing us that homes are not taking as long to sell, on the Maury Conty side of the city is selling time is down nearly three weeks.

 

Now is the time for folks that are thinking of buying or selling to prepare themselves so that they can make the best decisions for such an important investment. Waiting for prices to go up further will simply cost more, and this includes most folks that are selling, as at that point we often buy another home. With rates as low as they are, that is really where the big savings are and waiting risks paying a lot more money than we actually pay for a home.

Whether buying or selling, for expert advise and a whole lot more, give me a call at 615-538-7490. We here at the MySearchForHomes.com Team look forward to serving you and helping you find that next great place to call home.

Spring Hill is located approximately 30 miles south of the downtown Nashville area and is located just off of I-65 and offers easy access to Hwy 31 and I-840 as well. Homes are selling in Spring Hill and whether you are buying or selling it pays to know your market!

 

Read More Informational Blogs About Spring Hill TN Happenings & Real Estate

Now is the time to be in the market, whether you are selling or buying, the deals are here and for sellers, this is a great time to attract buyers. The rates for buyers are at historic lows and there is demand in our market. If you are a seller, you don't want to wait until interest rates go back up pushing more buyers out of the market.

Please feel free to contact me for a free report and evaluation for your property, neighborhood or project.

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