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By Steve Manley | Agent in Williamson County, TN

2011 Statistics for Oak Lake Estates Subdivision Spring Hill TN

Watch a YOUTUBE Video of Oak Lake Subdivision

Homes are selling in Oak Lake Estates of Spring Hill Tn, currently there are a total of 15 Residential properties listed for sale as of  October 19th 2011.

Courtesy of Realtracs:

Spring Hill Tn Real Estate
  Active  15 Properties Found             Spring Hill Homes For Sale

Square FeetBedroomsFull BathsHalf BathsList PriceSales PriceDays on Market
MIN1,426110$139,900$07
AVG2,0823.132.270.53$210,740$0150
MEDIAN1,880321$211,973$079
MAX3,340431$314,971$0513

We can now break these numbers down to three averages: The chart shows that Oak Lake currently listed single family homes are listed for an average price of $210,740, with an average list price per square foot of $101.22. The average day's on market are currently at 150. The median number's are a reflection of half of the homes higher and half of the homes being lower in each category.

Oak Lake Estates also has a total of 1 Residential properties listed as a pending sale as of October 19th, 2011.

Courtesy of Realtracs:

Spring Hill Homes For Sale

Pending  1 Properties Found       Oak Lake Estates Homes For sale


Square FeetBedroomsFull BathsHalf BathsList PriceSales PriceDays on Market
MIN2,514330$179,900$0127
AVG2,514330$179,900$0127
MEDIAN2,514330$179,900$0127
MAX2,514330$179,900$0127

We can now break these numbers down to three averages: The chart shows that Oak Lake Estates homes currently listed as pending single family home sale are listed for an average price of $179,900 with an average list price per square foot of $71.56 The average day's on market are at 127 as of October 10th 2011.

There were 21 properties that sold and closed in Oak Lake Estates during the period of January 1st 2011 through October 19th 2011.

Courtesy of Realtracs:

Spring Hill Tn Real Estate
Closed  21 Properties Found         Oak Lake Estates Homes Sold

Square FeetBedroomsFull BathsHalf BathsList PriceSales PriceDays on Market
MIN1,221320$102,000$99,0300
AVG1,8783.052.380.33$175,052$165,622230
MEDIAN1,955321$179,000$170,000160
MAX2,732431$229,900$228,000614

We can now break these numbers down to four averages and a list price to sales price ratio: The chart shows that Oak Lake Subdivision sold properties from January 1st 2011 through October 19th 2011 were listed for an average price of $175,052, with an average list price per square foot of $93.21. The average day's on market for these sold properties were 230. The average price that properties actually sold for were $165,622. With this information we can see that the properties sold for 94.61% of the asking price. The median number's are a reflection of half of the homes higher and half of the homes being lower in each category.

I can also determine how many months of inventory are currently on the market based on the number of properties currently listed for sale and dividing that number by the the absorption rate for September 2011. The above charts show that there are 15 listed properties and 1 pending sales in Oak Lake Estates and there were zero closed sales in September. This means that as of October 19th 2011, Oak Lake Estates has 16 months of inventory in relation to September 2011 sales.

When looking back in the six month period from April 1st 2011 through September 30 th 2011, the absorption rate comes out to 2.33 residential properties a month. This adjusts our months of invertory to 6.87 months of inventory. This is a wider view of what has occured in terms of sales over the past six months and how the current level of  inventory compares to those sales of the six month period.

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.

Spring Hill Tn is located approximately 30 miles south of Nashville and is located just of I-65 and offers easy access to Hwy 31 and I-840 as well. Spring Hill is a growing community with a 2007 population of over 23,000 residents living on just over 17.5 square miles. Spring Hill currently has 13 public schools serving it's students with four of the schools serving the Maury County side of the city.

Schedule a showing by clicking here.

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