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Wilson home sales rise
Jan 10, 2013 4:00 pm
Wilson County home sales rose significantly in 2012 as compared to the previous year with the market continuing to improve for sellers.
According to figures released Wednesday by the Greater Nashville Association of Realtors, 1,949 residential homes sold in 2012 in Wilson County, which is an increase of 23.5 percent compared to 1,578 homes sold in 2011.
The residential median price also rose from $185,000 in 2011 to $190,000 in 2012, an increase of 2.7 percent.
The number of condominium sales also rose to 112 in 2012, compared to 69 sold in 2011, an increase of 62.3 percent. The median price, however, dropped from $167,945 in 2012 to $159,990 in 2012.
According to Amy Hamilton, public relations chair for the Eastern Middle Tennessee Association of Realtors based in Mt. Juliet, December home sales in Wilson County showed increases from the month prior.
The most homes were sold in Mt. Juliet with 101 with a median price of $228,800, 60 days average on the market and 99 percent sales price to list price.
In Lebanon, 60 homes were sold in December with $181,750 median price, 87 average days on the market and 96 percent sales price to list price.
Ten homes sold in the Old Hickory-Hermitage areas of Wilson County in December with a median price of $202, 500, 109.5 average days on the market and 96 percent sales to list price.
In Watertown, four homes sold with a median price of $84,500, 73.5 average days on the market and 94 percent sales to list price.
“Another observation is the sales were higher in December than they've been since September, and homes under contract are up from November at 180,” Hamilton said.
Hamilton said year-end EMTAR figures would be released Thursday.
“The Greater Nashville and Middle Tennessee real estate market is showing healthy signs of recovery, something our region shouldn’t take for granted. The same growth is not necessarily being experienced in other parts of the state and nation,” said GNAR President Price Lechleiter. “Our diverse economy, progressive local and regional leadership and even the TV show, “Nashville” highlight our city and create a positive spirit and outlook. That results in both businesses and families being attracted here.”
“All nine counties in our primary service area experienced significant increases in home sales, with many of them exceeding 20 percent for the year. And, modest increases in residential median prices were a clear trend throughout the region.”