Here is what the Greater Nashville Association of Realtors had to say about April 2009 Home Sales:
GREATER NASHVILLE HOME SALES DECLINE; PENDING SALES CONTINUE TO INCREASE
There were 1,604 home closings reported in April, which represents a decline of 24.9 percent from the 2,135 closing reported in April of last year. Year to date closings are off 28 percent.
The median price for a single-family home was $164,500 in April and for a condo it was $149,900. This compares with median residential and condo prices of $180,000 and $162,000 respectively during April of 2008.
Pending sales are increasing each month, with 1,865 pending at the end of April.
Inventory is almost exactly where it was at this time last year. However, each category other than farm, land and lots, is actually down. That category is likely to remain where it is until homebuilding activity increases.
Here is a link to the actual report itself: LINK HERE!!!
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If you are interested in finding a home in the Middle Tennessee area, please search the MLS HERE.
If you would like to have a free comparable market analysis done on your home, if you are a first-time buyer (haven't owned a home in the last three years), an investor or just would like to talk real estate, please feel free to call me, Emily Lowe (yes, I'm a Realtor) and I work at The Lipman Group / Sotheby's International Realty at 615.509.1753!
| Downtown Nashville Condo Market Report: March 2009 | ||||||||
| Address | BR | BA | Yr Blt | Sq Ft | List Price | Sales Price | SP/SF | Days on Market |
| 510 Gay St. Apt 1007 | 1 | 1/0 | 1959 | 594 | $60,000 | $50,000 | $84.18 | 35 |
| 654 2nd Ave South | 1 | 1/0 | 1987 | 601 | $118,000 | $110,000 | $183.03 | 27 |
| 1803 Broadway Apt 414 | 1 | 1/0 | 2005 | 620 | $159,900 | $152,500 | $245.97 | 47 |
| 807 18th Ave. S Apt 407 | 1 | 1/1 | 2005 | 771 | $209,000 | $205,000 | $265.89 | 245 |
| 178 2nd Ave N #103 | 1 | 1/1 | 1890 | 1130 | $219,711 | $200,000 | $176.99 | 50 |
| 303 Criddle St. | 2 | 2/0 | 2008 | 1307 | $219,900 | $219,900 | $168.25 | 0 |
| 807 18th Ave. S Apt 212 | 2 | 2/0 | 2005 | 1284 | $300,000 | $275,000 | $214.17 | 157 |
| 415 Church | 2 | 2/0 | 2006 | 1465 | $340,000 | $330,000 | $225.26 | 53 |
| 415 Church | 2 | 2/0 | 2006 | 1465 | $349,000 | $344,000 | $234.81 | 424 |
| 700 12th Ave South | 2 | 1/0 | 2009 | $1,150 | $349,000 | $349,000 | $303.48 | 0 |
| 700 12th Ave South | 1 | 1/0 | 2009 | 999 | $373,500 | $373,500 | $373.87 | 0 |
| 700 12th Ave South | 3 | 3/0 | 2009 | 2090 | $734,900 | $734,900 | $351.63 | 0 |
| AVERAGES | 1.5 | 1992 | 1102 | $279,447 | $272,676 | $247.44 | 84 |
WOW, what a huge difference in sales from last month's market report on Downtown Nashville Condos to this month!!!
New on the board this month is Terrazzo - and then we had the regulars like the Viridian, Bristol on Broadway, the Rutledge House, 3rd and Harrison (Harrison Square), and 807 18th.
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Downtown Nashville continues to become a hipper place to live - it seems that almost every day I talk to someone who has an interest in living downtown. There are several cool loft places to pick from, a renovated 1800's building, and then there are the newer "highrise" types of places that offer loads of amenities and easy access to all things fun and groovy, like the Titans Stadium, 2nd Avenue, and lots of clubs and restaurants!
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If you are interested in finding a Downtown Nashville Condo, or would like to look at other homes in the Middle Tennessee area, please search the MLS HERE.
If you would like to have a free comparable market analysis done on your home, if you are a first-time buyer (haven't owned a home in the last three years), an investor or just would like to talk real estate, please feel free to call me, Emily Lowe (yes, I'm a Realtor) at 615.509.1753!
There were LOTS of condo closings in the Green Hills area of Nashville the past month. March 2009 showed a dramatic improvement over the previous months!!! Are we on our way up???
Here is the market report on Green Hills Condos for March 2009:
| Green Hills Condo Market Report: March 2009 | ||||||||
| Address | BR | BA | Yr Blt | Sq Ft | List Price | Sales Price | SP/SF | Days on Market |
| 1900 Richard Jones Rd Apt B207 | 1 | 1/0 | 1967 | 625 | $76,500 | $76,500 | $122.40 | 1 |
| 1900 Richard Jones Rd Apt B108 | 1 | 1/0 | 1967 | 625 | $120,000 | $112,000 | $179.20 | 15 |
| 2601 Hillsboro Pk. Apt F3 | 1 | 1/0 | 1971 | 600 | $124,500 | $110,000 | $183.33 | 105 |
| 105 Summit Ridge Ct | 1 | 1/0 | 1978 | 1280 | $155,000 | $147,600 | $115.31 | 152 |
| 5025 Hillsboro Pk. Apt 20-F | 2 | 1/1 | 1969 | 1194 | $169,900 | $170,000 | $142.38 | 240 |
| 336 Summit Ridge Circle | 2 | 2/1 | 1978 | 1468 | $179,000 | $165,000 | $112.40 | 79 |
| 5025 Hillsboro Pk. Apt 21H | 2 | 1/1 | 1969 | 928 | $194,900 | $190,000 | $204.74 | 222 |
| 5025 Hillsboro Pk. Apt 5G | 3 | 2/0 | 1969 | 1410 | $199,900 | $195,000 | $138.30 | 119 |
| 4400 Belmont Park Terrace, #221 | 3 | 2/1 | 1979 | 2250 | $217,500 | $217,500 | $96.67 | 0 |
| 1900 Richard Jones Road Apt X3 | 3 | 2/1 | 1967 | 1600 | $219,000 | $215,000 | $134.38 | 0 |
| 3401 Golf Club Ln | 2 | 2/1 | 1985 | 1458 | $239,900 | $218,000 | $149.52 | 90 |
| 2025 Woodmont Blvd. Apt 313 | 2 | 2/0 | 1995 | 1233 | $244,900 | $240,000 | $194.65 | 24 |
| 101 Hampton Pl | 3 | 2/0 | 1985 | 1851 | $249,900 | $221,500 | $119,67 | 69 |
| 4232 Lone Oak Rd | 3 | 2/1 | 1985 | 1732 | $289,900 | $265,000 | $153.00 | 53 |
| AVERAGES | 2.1 | 1976 | 1303 | $191,485 | $181,650 | $139.41 | 83 |
Here's to looking at brighter times!!!
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Want to search for condos or homes in Green Hills or in the greater Nashville area? Start your journey HERE:
http://www.thelipmangroupsothebysrealty.com/?pg=msl_search
And please feel free to call me for a free market analysis, or to list your property: Emily Lowe 615.509.1753!
So you have decided that you want to take advantage of the First Time Home Buyer's $8000 Tax Credit?!! This may be a great idea for you because in Middle Tennessee, you have got LOTS of homes to choose from! Your dream of homeownership may soon become reality!
If you have never bought a home before (believe it or not, a "first time home buyer" just means that you have not owned a home in the past three years), the idea of it might be a little bit daunting. This series that I am putting together strives to help clarify the steps that will lead you into your new front door!
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STEP ONE of this series dealt with FINDING A LENDER and getting yourself pre-approved for a loan (if you aren't going to pay cash).
STEP TWO of this series dealt with HOW TO FIND A REALTOR AND BEGIN YOUR HOME SEARCH.
STEP THREE of this series dealt with VIEWING AND SELECTING YOUR HOME.
STEP FOUR of this series dealt with MAKING AN OFFER!
STEP FIVE of this series dealt with THE HOME INSPECTION.
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If you have been following this series, then by now you practically have ONE FOOT IN THE DOOR OF YOUR NEW HOME!!!! (Figuratively speaking, of course)...
After signing off on the Buyer Inspection Contingency Removal/Notification Form, then it's time to select an insurance company to ensure your new home. Shop around several different companies and find out which one would best suit your needs.
There are ways to keep your homeowner's insurance to a minimum. Here is a link to 12 ways to save money.
This is a fairly brief step online, but can be quite time intensive, so after finishing the home inspection, go ahead and get started on your calls to insurance companies!!
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If you are interested in finding a home in the Middle Tennessee area, please search the MLS HERE.
If you would like to have a free comparable market analysis done on your home, if you are a first-time buyer (haven't owned a home in the last three years), an investor or just would like to talk real estate, please feel free to call me, Emily Lowe (yes, I'm a Realtor) and I work at The Lipman Group / Sotheby's International Realty at 615.509.1753!
I am greatly cheered to see we had 4 closings in March 2009 right here in our Oak Hill subdivision in Nashville. Seeing how I was born in Oak Hill, lived in Oak Hill growing up and currently reside in Oak Hill, it means a lot to me to see that Oak Hill does well in every possible way!
Here are the four closings from March:
|
Oak Hill Market Report: March 2009 |
||||||||
|
Address |
BR |
BA |
Yr Blt |
Sq Ft |
List Price |
Sales Price |
SP/SF |
Days on Market |
|
3504 Rainbow Place |
4 |
3 |
1955 |
2030 |
$399,900 |
$355,000 |
$174.88 |
84 |
|
813 Brentview Drive |
3 |
2 |
1959 |
2206 |
$440,000 |
$433,400 |
$196.46 |
23 |
|
5547 Hillview Drive |
4 |
2/1 |
1981 |
3800 |
$539,000 |
$490,000 |
$128.95 |
36 |
|
970 Overton Lea Road |
6 |
5/2 |
1955 |
6659 |
$1,700,000 |
$1,425,000 |
$214.00 |
0 |
|
AVERAGES |
4.3 |
|
1962 |
3673 |
$769,725 |
$675,850 |
$184.00 |
35 |
Funny little extra story about that 970 Overton Lea Road house. A long time ago they were selling off some art pieces and my mother bought a beautiful stone "pot" that weighed oh, about 700 pounds! This pot is still with her and is affectionately termed the "damn pot" because of how awful it is every time that pot has to be moved!!! I am happy to report that the "damn pot" is happily resting in its new garden now and hopefully won't have to be moved for quite some time!
There are 31 properties still for sale in Oak Hill, ranging in price from $349K to just over $1 million, so hopefully we will see some of these close in the very near future!
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If you are interested in finding a home in the Oak Hill Subdivision of Nashville, or would like to look at other homes in the Middle Tennessee area, please search the MLS HERE.
If you would like to have a free comparable market analysis done on your home, if you are a first-time buyer (haven't owned a home in the last three years), an investor or just would like to talk real estate, please feel free to call me, Emily Lowe (yes, I'm a Realtor) at 615.509.1753!
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Monumental Service only a Nashville Native and Second Generation Realtor can Provide! Specializing in first time buyers, investors, and short sales. Also, a Musician's Realtor! Member GNAR, eCertified
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