Bellevue Homes Market Report for February 2012 shows the trend of increasing sales and prices for Bellevue homes, with 27 closings for the month, compared to only 20 last year, and increase of 35% percent. The average price of Bellevue homes increased 18% percent from $191,965 last year to $227,115 this year. Even more impressive is the 51 Bellevue homes currently pending sale, showing that March will probably be very active.

• 27 Bellevue homes sold for the month of February 2012 compared to 20 last, and increase of 35 percent
• the average sales price of Bellevue homes was $227,115 and increase of 18 percent over the same month last year
• average days on market was 103 days
• 51 Bellevue homes are currently pending sale and 42 others are under contingency contracts
• the average size of Bellevue homes sold in February was 2400 square feet
• the list price to sales price ratio was 98%

Based on the increases in price and the list price to sales price ration of 98%, it’s easy to assume that the fantastic deals of last year are gone, and that Bellevue is following the other popular areas of Nashville in coming back to a balanced market. I am expecting prices on Bellevue homes to increase over the next 12 months.

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information on this page is based on information on single family homes for sale in Bellevue subdivision in Nashville per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed.

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