12 Single family homes in the original Cummings Cove sold in 2012. The lowest price was $315,000 and the highest was $775,000. The average price per square foot was $123. The average marketing time was 193 days.
8 condos and town homes sold in 2012. The price range was $116,400 to a high of $255,000. The average price per square foot was $118. The average market time was 204 days.
Black Creek Mountain sold 9 new homes in 2012. The price range was $258,000 to a high of $473,817. The average price per foot was $150. The average marketing time was 53 days.
The marketing efforts and amenities paid off for the new home sales, as Hamilton county average for new home sales were $122 per square foot compared to Black Creek Mountain at $150. The older single family homes provided slightly better results at $123 per foot price compared to Hamilton County average of $116 (for homes built 2000-2006 and same price range).
The condos and town homes that were built from 2000-2006 that sold in Hamilton county in 2012 sold for $103 per foot compared to $118 for Cummings Cove homes.
Interesting observation is that single family, town homes, and condos of the original community are holding better price per foot average over competition around Hamilton county but the average days on market for the older homes is noticeably longer. The newer products available in the community may impact marketing time.
Black Creek Mountain is providing a fascinating future to land that sheltered indians, civil war soldiers, miners, recreational hunters and 4 wheelers. The land is yielding to home owners that desire to live near Chattanooga and enjoy its many amenities.