Hi neighbors!
Today we’re talking through the data for the month of February for the combined neighborhoods of McFerrin Park, Cleveland Park, and Highland Heights. The median list price has increased 28% over this time last year, and our average sales price is up 19% over the previous year to $572,025.
Our average sales price to list price ratio is at 102%, again indicating that properties are selling over the asking price in most cases. There are currently 24 properties pending and only 6 active properties available for purchase. Our inventory is down over 100% from this same time last year.
If you are interested in talking about the value of your home OR if you know of someone looking to buy, sell or invest in the neighborhood – please reach out!
Nick Irwin
615-418-0563
nick@basenashville.com