Cookeville TN Real Estate Market Sizzles in April 2013
If you live in the Cookeville area, then you’ve probably been noticing a lot of “sold” signs popping up around town. It’s not your imagination playing tricks on you. The local real estate market is absolutely sizzling hot and houses are selling at a brisk pace. If you’ve been thinking about selling your home in Cookeville or the surrounding area, then this market report will make you jump for joy!
These numbers include all the areas serviced by the Upper Cumberland Association of Realtors. This includes Cookeville, Algood, Baxter, Monterey, Sparta, Gainesboro, Livingston, Celina, Byrdstown, and many other smaller communities as well.
At the end of March 2013, the Cookeville Real Estate market was up 9.88% over the same time last year. That was reason enough to celebrate, but then the month of April saw a dramatic increase in the number of houses sold.
April 2013 sales year to date were up 23.17% over the same time last year!
A total of 481 homes have sold so far this year, with 157 of them being sold in the month of April.
It currently takes an average of 166 days on the market for a home to sell.
There are a total of 1365 homes currently for sale in the Upper Cumberland.
Home Sales by Price Range
Under $100k – 70 homes sold in April 2013 (384 currently available)
$100,001 – $200k – 63 homes sold in April 2013 (542 currently available)
$200,001 – $300k – 21 homes sold in April 2013 (246 currently available)
$300,001 – $400k – 3 homes sold in April 2013 (99 currently available)
$400,001 – $500k – 1 home sold in April 2013 (37 currently available)
Over $500k – 0 homes sold in April 2013 (57 currently available)
32 out of the 157 homes sold in April 2013 were bank owned foreclosures.
Homes Sold in April 2013 listed by Town:
Cookeville: 65 homes sold (432 currently available)
Algood TN: 5 homes sold (13 currently available)
Baxter TN: 2 home sold (50 currently available)
Monterey TN: 5 home sold (49 currently available)
Sparta TN: 28 homes sold (167 currently available)
Gainesboro TN: 3 homes sold (55 currently available)
Livingston TN: 5 homes sold (68 currently available)
Celina TN: 0 homes sold (19 currently available)
The remainder of the homes sold were scattered throughout the more rural areas of the Upper Cumberland.
Summary: A strong finish for the first quarter of the year. Low inventory continues to be an issue for the Cookeville, Algood, Baxter, and Sparta areas – particularly in the $150k or less price range. Homes with acreage are an especially hot inventory item.
Are you thinking of selling a home in Cookeville or the surrounding area? Please call me, Virginia Kail at 931-260-4729. It would be my pleasure and honor to help you sell your Cookeville home.