About Nashville's 12th South

5 Scenarios to Help you Decide if You should Sell Your 12th South Home in Nashville, TN

I'm NOT going to state the obvious here. If you are having to relocate for a job or for personal reasons, then this is a no-brainer. But for those of you who live in Nashville's 12th South area, here are 5 scenarios in which you may want to consider upgrading to a new home.

1. Your Home is Worth More than You Paid for it. If you bought your current home before 2007, then you will really need to take a good look at the numbers. If you purchased a newly built or wonderfully remodeled home then the numbers may not look so good to you. You will need to see the recent comparables to be able to determine that. If you purchased your home AFTER 2007, then chances are that you may be sitting in a great position to be able to sell and walk away with a nice chunk of change in your pocket.
2. Your Home has a Renovated Kitchen and Master Suite. Older homes in the 12th South area that have remodeled kitchens and master suites will sell more quickly, if they are priced correctly. If your 12th South home is older and it is not remodeled, then you may want to run a cost vs. value estimate on doing this work before selling it.
3. As an Investor, the Cap Rate on your Investment is over 10-12%. 12th South is a very trendy and much loved area to live in. The local market there looks good! Because it is currently a relatively stable area, your investment's cap rate may be as high as 12%. But to make the most money possible on your investment, anything over a 12% cap rate should really be looked at again. Your money may be able to work harder for you in another local market area.
4. You have Outgrown the Size of Your Home. When you bought your lovely 12th South bungalow with 1400 square feet, it was really big enough for you and your dog/cat. But now you're married with one child and a second one on the way. There are children's toys EVERYWHERE, the home is bursting at the seams with all of the "stuff" and you can never find a spot just for you to escape to. It is either time to purge a lot of the "stuff" - which is difficult to do when children are involved, or it is time to sell. And do it now, while it is still a buyer's market.
5. You Found Your Dream Home and You are Able to Afford it. You just heard from a friend that a house you've been wanting for years is about to come on the market. You've run the numbers and you know that with the current low interest rates and your career going well you could really afford THAT home. Go for it! Again, it's still a buyer's market, and interest rates are low. The 12th South market is HOT and from the increase on your investment you will walk away with an extra $30-$50k on your home.

I am currently running an individualized market analysis on 250 homes that I hand selected in the Oak Hill, David Lipscomb, Green Hills and 12th South areas of Nashville. I will be mailing brochures to the owners of these 250 homes and giving my opinion on potential profit they could walk away with if they sold their homes. If you would like to be added to this list, please let me know and I will gladly add you.

It is my belief that you CAN build wealth over your lifetime with the real estate purchases that you make. Even if you feel that you made a "mistake" with your home purchase, you need to know the FACTS about your circumstance, as each individual home or condo has its own story.

I am hoping that these 5 suggestions help you make an informed decision about whether or not to sell your 12th South home in 2012!

Nashville's 12th South Area: A Review of 2011 Real Estate Data

Nashville’s 12^th South area is a trendy spot for homeowners! With the park, restaurants, shops and other businesses continuing to increase in number, 12^th South is a real “hot spot!”

This is definitely clear when looking at Real Estate Data for 12^th South during 2011.

Here is what I found:

There were 86 properties sold in Nashville’s 12^th South area during 2011:

· 15 properties sold in the $500K-$700K range

· 43 properties sold in the $300K-$499K range

· 28 properties sold in the $299K and under range

The highest residential sales price in 12^th South for 2011 was $629,700 and the lowest residential sales price was $180,100. The average sales price per square foot was $169.33 and the properties were on the market an average of 79 days.

In the $500K-$700K range, all of the homes were either new or had been fully renovated. One was not listed, but was sold by Realtors. The average sales price per square foot was $180.86 and the homes were on the market an average of 82 days.

In the $300K-$499K range, three of the homes were fixer uppers (needing either kitchen or bath updates or both). Eight of the homes were zero lot line (commonly known as duplexes). The average sales price per square foot was $168 and the homes were on the market an average of 84 days.

In the under $300K range, ten homes were fixer uppers, three were zero lot line homes and one was not listed but was sold by Realtors. The average sales price per square foot was $151.07 and the homes were on the market an average of 76 days.

As far as condos go, there were 5 condo sales in the 12^th South area in 2011. The average price per square foot was $155.61 and the condos were on the market an average of 86 days. Condo sales prices fluctuated from $169,000 to $308,000.

There were three lots sold in the 12^th South area during 2011. They were an average size of 0.39 acres, were on the market an average of 10(!!) days and ranged in sales price from $215K-$250K.

Three multi-family homes were sold last year in 12^th South. They were on the market an average of 62 days and ranged in sales price from $154,000-$319,900.

Two commercial properties were sold. Sales prices were $355,000 and $449,000. They were on the market an average of 42 days.

The overall absorption rate for the 12^th South area in 2011 was 60%.

Whew. Got through them all. 12^th South – you are definitely holding your own in real estate!

Now the fun part - the pie charts:

For more information on real estate in Nashville’s 12^th South area, please feel free to contact me at 615.509.1753.

	902 Sutton Hill Rd Nashville, Tennessee 37204 BEDS: 3 BATHS: 2 SQ FT: 2,285 YR BUILT: 1949 FLOORS: 2 PARKING: 1 car garage LOT SIZE: 20000 sq ft Property Description Conveniently located to all venues of Nashville and situated in a hot spot close to the new Vanderbilt 100 Oaks. Within walking distance to 12th South this little pocket of neighborhood will delight you with its large yards, old trees, vintage homes & friendly neighbors. This home has been remodeled with top of the line construction and attention to detail at every angle. New windows, roof, electrical, HVAC, copper plumbing & a new upstairs addition make this home absolutely tops! It is the 'Mercedes' of a remodel. 9 ft ceilings grace the downstairs and upstairs as well. Newly refinished hardwood flooring flows throughout downstairs. Nice custom cabinetry along with all new upscale model appliances were just installed. Newly tiled kitchen floor & walk in pantry make this home ideal. Wide hallways downstairs, large secondary bedrooms & a brand new secondary bath will leave your heart palpitating. Upstairs you will find a grand master suite with a walk in closet, office or reading area and a master bath to die for. An oversized Jacuzzi brand tub, walk in 5'x6' shower, double vanities which include a 12' counter and linen built ins that grace a 12'x6' area make you feel as if you are living in a retreat. Do you like a nice hot bath. You will love the instant hot water feature added with a recirculation pump. Beautiful Grade A hardwoods are upstairs including all along the stairwell which also features inset lighting for architectural interest. 1545 sq ft basement awaits you for storage, workshop or finishing for additional space. Outside you will find a side porch for outdoor enjoyment & entertaining as well as a fenced back yard. The owner has installed a fence around the entire back yard perimeter to create the perfect entertaining, play or pet space. This home features the ultimate in renovations. Call or email me for a complete list of all items included in the renovation. Contact the Agent Agent: Maria Holland Email: mariaholland@comcast.net Company: RE/MAX Elite Web: www.mariaholland.net Office: 615-661-4400 Cell: 615-289-6056 Virtual tour at www.tourvista.com/3895 Additional Photos Learn more about this property! View 27 larger photos Explore a floor plan graphic www.tourvista.com/3895

Nashville's 12th South Area Home Sales for September and October 2010: A Market Report

Home sales in the 12th South area of Nashville were up during the months of September and October 2010 versus the July and August 2010 months.

Address	Sub/Dev	BR	Baths	Yr Blt	Gar	Sq Ft	LP/SF	List Price	SP/SF	Sales Price
802 Montrose Ave	12South/Waverly	2	1 / 0	1940	2	700	$271.29	$189,900	$255.71	$179,000
902 South Douglas Ave	Waverly Place / 12 South	2	1 / 0	1930		1,200	$199.92	$239,900	$195.83	$235,000
1200 Ashwood Ave	Belmont/12 South	2	1 / 0	1930	1	1,060	$242.92	$257,500	$231.13	$245,000
846 Clayton Ave	12 South	2	1 / 0	1940		1,260	$206.27	$259,900	$200.00	$252,000
1204 Cedar Ln # A	Belmont 12th South	2	2 / 1	2003	1	1,948	$171.97	$335,000	$154.00	$300,000
829 Clayton Ave # D	12th South	4	3 / 1	2006	2	3,269	$137.35	$449,000	$128.48	$420,000
2946 Vaulx	12 South	4	2 / 1	2010		2,539	$181.17	$460,000	$177.63	$451,000
2412 9th Ave S	12 South	4	3 / 1	2010	2	2,974	$167.79	$499,000	$163.08	$485,000
1504 Beechwood Ave	Belmont / 12th South	3	3 / 1	1925		2,566	$222.10	$569,900	$214.34	$550,000
933 Kirkwood Ave	12th South	3	2 / 1	2007	2	3,200	$179.69	$575,000	$167.19	$535,000
Average		2.8		1970	1.67	2,071	$185.18	$383,510	$176.34	$365,200

The 12th South Area grows groovier every day - if you aren't familiar with this area of Nashville, you should definitely familiarize yourself!

Nashville's 12th South Area Home Sales for July and August 2010: A Market Report

Home Sales in July and August 2010 were down for Nashville's 12th South Area from my previous market report.

Have a look below:

Address	BR	Baths	Yr Blt	Gar	Sq Ft	LP/SF	List Price	SP/SF	Sales Price	DOM
931 S Douglas Ave	0	0 / 0	1927		1,250	$188.00	$235,000	$188.00	$235,000	0
1007 Acklen Ave	3	3 / 0	1904	2	2,363	$116.38	$275,000	$114.26	$270,000	16
2103 10Th Ave S	4	2 / 0	1930		1,674	$178.91	$299,500	$178.02	$298,000	91
916 Lawrence Ave	3	1 / 1	1925		1,890	$179.84	$339,900	$164.02	$310,000	62
1202B Cedar Lane	2	2 / 1	2003	1	2,168	$165.82	$359,500	$162.59	$352,500	95
1012 Gilmore Ave	3	2 / 1	2005	2	2,350	$204.26	$480,000	$197.87	$465,000	28
916 Gilmore Ave	3	2 / 2	1930		3,010	$162.76	$489,900	$160.93	$484,400	114
1503 Elmwood Ave	4	4 / 1	1928		3,489	$186.27	$649,900	$188.42	$657,400	40
	2.75		1944	1.67	2,274	$171.98	$391,087	$168.88	$384,037	55

Here is some information on the history of 12th South. It continues to be one of the trendiest areas to reside in!

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PLEASE NOTE: I AM CURRENTLY IN THE PROCESS OF BUILDING A NEW WEBSITE, WHICH IS NOT YET FULLY OPERATIONAL BUT SHOULD BE BY THE START OF OCTOBER 2010 - PLEASE USE THIS WEBSITE INSTEAD TO SEARCH FOR HOMES IN THE MEANTIME: http://www.thelipmangroupsothebysrealty.com/?pg=mls_search THANK YOU!

If you are interested in selling or finding a home in Green Hills, Downtown, 12th South, or Oak Hill area of Nashville, or would like to look at other real estate for sale in the Middle Tennessee area, please search the MLS HERE. Please note: You will have to register with my site to be able to search the MLS. I will contact you initially and all requests thereafter for privacy will be respected.

Looking to move? Wanting to Invest? Need help as a First Time Buyer? Please feel free to call me, Emily Lowe (yes, I'm a Realtor, with The Lipman Group Sotheby's International Realty) at 615.509.1753