Happy March!Â
I am checking in with the February real estate market information for our combined neighborhoods of Mcferrin Park, Cleveland Park, and Highland Heights.  For our area, there were 16 total properties that closed in the month of February with a medium list price per foot of $231 per foot. The median sales price per foot checked in at $232 with median days on market a short two days!
The average sales price to list price ratio in the combined neighborhoods was 100.24% meaning that many homes are selling over their listing price.
If you are looking to purchase in the neighborhood, there are currently 12 active homes to choose from as of the time I am writing this.
Fifty-one homes are scheduled to close and are marked as pending in the multiple listing service.
The average sales price for the neighborhood is $462,664. This is up 24% from February of last year!  This means if you purchased only one year ago, you should expect an average value increase of 24% – that is quite a bit of appreciation, and we are beating most of Davidson county on this metric!
If you know of anyone looking to buy or sell in the neighborhood, or if you are interested in discussing your property value please let me know.  I am happy to do a property assessment to let you know where you stand against current market conditions.
I’ll be back next month with more market statistic information for the neighborhood!
