Tennessee

You shouldn't see your HUD for the first time at the closing table.

07-09-09

Larry Brewer Nashville real estate: Real Estate Agent in Nashville, TN

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Office: (615) 778-1818

Mobile: (615) 512-7853

Nashville real estate - I'm going to rant just a minute, because we realtors usually get the blame for this. If it's our fault, it's only because we recommended a bad mortgage company to you. If you decided to use your own mortgage company, it's your fault.

I personally expect to have a final HUD in my hand no less than 24 hours before closing. It gives me time to make sure that all of the fees and expenses are covered by the right parties, and if not, it gives the mortgage company time to make any corrections that need to be made.

This is not rocket science, but it's important. I expect mortgage companies to act in a professional manner.

This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Keller Williams Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, Murfreesboro, and the middle Tennessee area

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Dyersburg Tn Real Estate Market Conditions Jan 1, 2009- July 9th, 2009

07-09-09

Mike Frazier, Dyersburg Tn Real Estate

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Office: (731) 285-2277

Mobile: (731) 589-7841

It appears that the real estate market in Dyersburg,Tennessee is starting to turn. I pulled the MLS data that compared Jan 1 - July 9th 2008 to Jan 1 - July 9th 2009.

Single Family Homes

Quantity sold 09 (108) vs 08 (189)

Volume sold 09 ($11,311,050) vs 08 ($20,971,729)

Average sales price 09 ($104,731) vs 08 ($110,961) median sales price 09 ($89,450) vs 08 ($95,000)

Quantity active 09 (490 listings) vs 08 (644 listings)

From just these numbers the number of single family homes sales have dropped from last year by 81units

Average sales price has dropped from last year by6%

The number of active listings has also dropped.

From all appearances 09 has been pretty dismal (except for new listings) compared to 08. However, since we have been so busy the last few weeks, I pulled data for April 1 - July 9 09 verses same period in 08.

Average sales price 09 $108,936 vs 08 $108,853 median sales price 09 ($97,725) vs 08 ($93,000)

Most housing analysts judge the direction of the real estate market by the median sales price. The median sales price is the midpoint between the most expensive house and the least expensive house sold in an area during a specific time. The midpoint of theprice of homes-equal number of properties sold above the median price as the number of properties sold below the median price. The Median Sales Price is often used as an indicator of the strength and direction of the real estate market.

Looking at all of 09 verses all of 08 the median price dropped from $95,000 to $89,450

Looking at April 1, 2009 to July 9th, 2009 the median price has increased from $93,000 to $97,725

I really believe the Dyersburg real estate market has turned the corner and is headed back up!

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Who is Selling Homes in Nashville?

07-09-09

Mike Nastri Franklin TN Homes

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Office: (615) 778-1818

Mobile: (615) 294-3912

It has been a good month good year in Nashville Real Estate

While our (Keller Williams) Nashville area real estate offices have had the lions share of the market, all offices should be seeing things pick up. May and June were outstanding months and July started off with (excuse the pun) a BANG! The chart below represents the top offices in Nashville Real Estate.

Why is our productivity nearly double that of our closest competitors? We have agents helping and coaching agents second to none. We are all invested in the success of the other agents in the office and it shows in our culture.

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Franklin TN - Area and Market Report Index

The opinions expressed by The Activerain Network and it's members and those providing comments are theirs alone, and do not reflect the opinions of Mike Nastri Keller Williams Realty - Franklin, TN neither Mike Nastri or the Keller Williams Realty Franklin office, which is independently owned and operated are responsible for the accuracy or content provided by The Community.

Links to Mike Nastri past Real Estate blogs, Listings, or Market Reports.
Contact Mike for the most recent listings and market information.

Blogged Listings, Market Reports, Opinions, Community News and Events

Mike Nastri Keller Williams Realty
9175 Carothers Pkwy Franklin, TN 37067
615.294.3912 MNastri@KW.com
www .MikeNastri .com

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Greater Nashville Association of Realtors® Release June 2009 Statistics!

07-09-09

Kenneth Bargers

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Office: (615) 661-7800 x1880

Mobile: (615) 512-9836

JUNE HOME SALES SHOW SOME SIGNS OF IMPROVEMENT

There were 2,091 homes sold in the month of June, according to figures provided by the Greater Nashville Association of REALTORS®. That figure is down 19.2 percent compared to the 2,591 closings reported for June 2008. The number of closings exceeded 2,000 for the first time since September of last year.

Second-quarter numbers are also down, with 5,478 closings reported, a 24.2 percent decrease from the 7,234 closings reported through the second quarter of 2008. Year-to-date closings for the Greater Nashville area are down 28.9 percent with 9,240 compared to the 12,997 closings reported through mid-year 2008.

"There are several encouraging signs in the current home sales data for Greater Nashville and Middle Tennessee," said GNAR President Mike Nichols. "There were more than 2,000 closings in one month for the first time since September of last year. There are more than 2,000 sales pending for the second consecutive month. And, the median price for a single-family home is down only three percent from where it was a year ago. These signs are early indications of what we hope will become positive trends for the coming months. It does seem that more people are again beginning to explore the possibility of home ownership."

In that regard, Nichols says first-time buyers can learn more about their opportunities by attending the upcoming Mayor's Housing Fair, sponsored by Nashville Mayor Karl Dean, which is set for Sunday, July 26th from 1:00 p.m. until 5:00 p.m. at The Sommet Center.

The median residential price for a single-family home during June was $177,700, and for a condominium it was $152,870. Last year's median residential and condominium prices for June were $183,615 and $185,500, respectively.

There were 2,141 sales pending at the end of June, compared with 2,684 pending sales at this time last year. The average number of days on the market for a single-family home was 83 days which is the lowest so far in the calendar year for 2009.

Inventory at the end of June was 24,552, down from 24,935 in June 2008.

"Inventory is actually down in every category except farm, land and lots," said Nichols. "That category will likely remain large until homebuilding activity increases. Buyers still have plenty from which to choose. For sellers, the priority remains to make their home is priced, prepared and presented well in order to be attractive to buyers."

Source: GNAR Press Release 070909.

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Finding the Perfect Home

07-09-09

CHRISTINE NALE

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Office: (615) 826-4040 x4236

Mobile: (615) 829-1051

Finding that "perfect home" is different for everyone. When I meet with buyers for the first time, one of my initial questions is, "What is important to you in a home?" Some people have price limitations and require a certain number of bedrooms and/or bathrooms. Others demand a specific school district or subdivision. And then there are some who really don't know what they want....they know what they DON'T want.

Personally experiencing a relocation from California to Gallatin, Tennessee and going through the process of moving and purchasing a home in this area, I have gained invaluable knowledge which I am eager to share with buyers. Starting with my initial consultation with a buyer, through the process of looking at homes, I offer personal attention to my client's likes and dislikes.

Questions such as, is it important to have a large kitchen, a laundry room in the house or garage, a fully fenced yard, bedrooms all on one floor? Is the age of the home relevant, the school district important? Do they have a commute to and from work making the proximity of highway access important? Will a fixer-upper be more to their liking, or do they want a turn-key home ready for them to move right in?

These are questions sometimes even buyers don't think to ask themselves.

I pride myself in offering "Service You Can Smile About" with integrity, professionalism and productivity. Should you or a family member have any questions about buying or selling a home in beautiful Middle Tennessee, don't hesitate to contact me at (615) 829-1051.

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