Dec 2 2017

Nashville Luxury Homes – October 2017

Nashville luxury homes for sale – With the rest of the Nashville market highly favoring the sellers, the market is a lot more balanced in this price range. Million dollar homes in Nashville are averaging 84 days on market compared to just 27 days for all of home sales in the Nashville area.

525 Nashville luxury homes are listed in the Nashville MLS
98 Nashville luxury homes are currently under contract
the list price to sales price ration of homes sold in this price range was 96%
the average price per square foot of luxury homes sold in Nashville for October was $264
The absorption rate for Nashville luxury homes based on October sales and current inventory is 9 months

The breakdown for neighborhoods with Nashville luxury homes that sold in during October was

The best luxury homes in the million dollar and over price range are now getting a lot of activity and it looks like this will be the best year for luxury home builders in many years. With the growth of Nashville and the surrounding areas projected to average around 50,000 people per year for the next 20 years, you can expect an increase in luxury homes sales to continue to increase along with the population.

http://modules.idx.diversesolutions.com/modules/map_search/Module.aspx?MasterAccountID=5311&SearchSetupID=99&LinkID=88351&Width=550&Height=500&PropertyTypes=17

Find Nashville luxury homes here

For the most-up-to-date information on Nashville luxury home values, then we urge you to contact us. We can assist you with all aspects of buying or selling real property in this and other neighborhoods in the Nashville Metro area. Also ask to be placed on an instant notification system when any new Nashville MLS listings come on the market or price reductions in Nashville are posted.

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Apr 17 2017

Nashville Real Estate for Sale – April 2017

Nashville Real estate for sale and April market report – Home sales increased 7.4% in March of 2017 compared to the same month last year, and median home prices increased 11.6% during the same time period. The expectation based on current trends is that the prices will continue to rise for the rest of the year.

the absorption rate of Nashville homes based on March sales is less than 3 months
the average days on market for homes sold was 50 days
the median price of homes sold was $273,500 compared to $245,000 the previous March
the absorption rate of Nashville condos is 2 months based of March sales and available inventory
the median sales price of Nashville condos increased 9.8% to $199,900
397 Nashville condos sold during the month of March and 694 are currently available for purchase

Nashville real estate is in a very active sellers market with inventory levels shrinking on a monthly basis, driving up the prices of homes and condos to record prices. With the shortage of available lots and the growth in the area, I expect this trend to continue for several years.

Search for Nashville real estate here
Find the value of your Nashville home here Nashville home values,
For the most-up-to-date information on Nashville home values, then we urge you to contact us. We can assist you with all aspects of buying or selling real property in this and other neighborhoods in the Nashville Metro area. Also ask to be placed on an instant notification system when any new Nashville MLS listings come on the market or price reductions in Nashville real estate are posted.

Benchmark realty can assist buyers in all forms of Nashville relocation needs including new construction houses, condos, townhouses, for sale by owner homes, residential lots, townhomes, lofts, and new homes in various subdivisions across the Nashville Metro region. And if you’re searching for condos or townhomes for sale in the Nashville area, feel free to browse our updated listings of Nashville condos, townhouses, townhomes, lofts on our site.

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

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

Sep 6 2016

Sylvan Park Homes – September 2016

Sylvan Park is a perfect example of the real estate market on the west side of Nashville. 9 Sylvan Park homes closed during the month of August at a average price of $530,333. With only 11 homes available for purchase at this time, the absorption rate is just a little over one month and the average days on market matches that at only 49 days. Expect to have a daily conversation with your realtor if you would like to purchase one of these homes, they go fast.

9 Sylvan Park homes sold during the month of August compared to 11 during the same period in 2015
the list price to sales price ratio was 99%, expect to pay list price or close to it
the average days on market for sold homes was only 49 days, very close to the time it takes to get a mortgage closed
the average price of homes sold increased 18.5% in the last 12 months to $530,333
12 Sylvan Park homes are currently listed in the Nashville MLS as available for purchase

Sylvan Park is located on the west side of Nashville close to interstate 440 between Charlotte pike and West End. Homes in this neighborhood range in size from 1000 square feet to over 4000 square feet and in price from $300,000 to over $1,000,000. Some of the homes were built in the 1930’s and 1940’s and will at some point be demolished and a new home built in its place because the location is very desirable. This side of Nashville is home to all of the major universities including Vanderbilt, Belmont, and Lipscomb, as well as the large hospitals and corporate offices. Expect property values in this area to continue to increase in the next several years as the lots are becoming very valuable.

Search for Sylvan Park homes for sale here.http://modules.idx.diversesolutions.com/modules/map_search/Module.aspx?curDivID=divLocale241e_&MasterAccountID=5311&SearchSetupID=99&LinkID=88833&Width=550&Height=500&PropertyTypes=17

Or give me a call if you would like to sell your home.

May 5 2016

Mckays Mill Homes – March 2016

Mckays Mill Homes in Franklin TN 37067 – 8 homes sold during the month of March, at an average price of $399,916, With an absorption rate of just 1 month,Mckay Mill homes are in a strong sellers market. As a consequence, homes are selling at 98% of asking price, and the average days on market is just 22 days. Be prepared to compete if you are a buyer, and be prepared to have lots of traffic in you home if you are a seller.

8 McKays Mill homes sold in the month of March compared to just 2 for the same month last year
6 homes are currently available for purchase
6 Mckays Mill homes are currently under contract and will probably close in April
the list price to sales price ratio of homes sold in March was 98%
average days on market for homes sold was 22 days
The absorption rate of Mckays Mill homes is 1 month

Here is a summary of the conditions of the market for Mckays Mill homes, and it’s sister next door the Villages of Clovercroft, it’s a red-hot sellers market. Most new listings have an offer within 24 hours now, and the list price to sales price ration is 98%. The reasons are simple, it’s one of the most affordable places to live in the Cool Springs area of Franklin, and the commute to downtown Nashville is less than 20 miles by interstate.

Search for Mckays Mill homes in Franklin TN here
http://modules.idx.diversesolutions.com/modules/map_search/Module.aspx?curDivID=divLocalf931a_&MasterAccountID=5311&SearchSetupID=99&LinkID=88747&Width=550&Height=500&PropertyTypes=17

For the most-up-to-date information on Mckay’s Mill homes values, then we urge you to contact us. We can assist you with all aspects of buying or selling real property in this and other neighborhoods in the Nashville Metro area. Also ask to be placed on an instant notification system when any new Mckays Mill homes come on the market or price reductions in Mckays Mill are posted.

Benchmark realty can assist buyers in all forms of Nashville relocation needs including new construction houses, condos, townhouses, for sale by owner homes, residential lots, townhomes, lofts, and new homes in various subdivisions across the Nashville Metro region. If you are interested in foreclosure homes, short sales, REO properties, bank owned properties and other types of foreclosure properties, then we can assist you. If you’re searching for Nashville foreclosures in Mckays Mill or neighboring communities, then we invite you to view the listings in this or any of the Nashville popular subdivisions on our site.

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

Other Nashville Neighborhoods

Abbottsford	Annandale	Avalon
Belle Meade	Burton Hills	Crieve Hall
Courtside	Cool Springs	Dallas Downs
Evergreen	Falcon Creek	Fieldstone Farms
Forest hills	Forrest Crossing	Franklin Green
Governors Club	Green Hills	Laurelbrooke
Ladd Park	Mcgavock Farms	Mckays Mill
Montclair	Luxury Homes	Murfreesboro
Nashville MLS ….	Brentwood Pointe…	Polk Place
Princeton Hills	Providence	Raintree Forest
Riverwalk	Sullivan Farms	Sylvan Park
Wades Grove	Wakefield	Westhaven

Feb 6 2016

Nashville Million Dollar Homes February 2016

Find Nashville homes for sale over one million dollars here and view the current market data for Nashville homes in this price range.– 31 Nashville luxury homes sold during the month of January, compared to 21 during January of 2015, an increase of 48%. The average sales price of Nashville million dollar homes was $1,581,931

the list price to sales price ratio of sold Nashville million dollar homes was 96%
the average days on market for sold homes was 84 days
420 luxury homes are listed in the Nashville MLS
30 Nashville million dollar homes are currently pending sale
The absorption rate for Nashville million dollar homes based on January sales and current inventory is back up to over a year, which is fairly normal for our market. Closings for all homes tend to peak mid summer and hit the low point in the dead of winter.

The breakdown for neighborhoods with Nashville million dollar homes that sold in January are as follows

The best luxury homes in the million dollar and over price range are now getting a lot of activity and it looks like this will be the best year for luxury home builders in many years. Due to the availability of lots, we can expect the trend of mostly Brentwood and Franklin luxury homes will dominate new construction. However in some area of west Nashville in Belle Meade, Green Hills, Forest Hills, Oak Hill, and 12 South, old homes are being replaced by new luxury homes, and we can expect that trend to continue as the demand increases.

http://modules.idx.diversesolutions.com/modules/map_search/Module.aspx?MasterAccountID=5311&SearchSetupID=99&LinkID=88351&Width=550&Height=500&PropertyTypes=17

Find your Nashville million dollar home here
For the most-up-to-date information on Nashville home values, then we urge you to contact us. We can assist you with all aspects of buying or selling real property in this and other neighborhoods in the Nashville Metro area. Also ask to be placed on an instant notification system when any new Nashville MLS listings come on the market or price reductions in Nashville are posted.

Oct 30 2015

Battle of Franklin Trust announces $3.2 million site plan for Carter House – Franklin Home Page

After acquiring more than $6 million worth in land during the past decade, the Battle of Franklin Trust wants to forge on with its next project with its historic sites, choosing to have a bigger vision for the Carter House site with its new master plan.

Source: Battle of Franklin Trust announces $3.2 million site plan for Carter House – Franklin Home Page

Oct 29 2015

It takes an entire year for Chicago to grow as much as Nashville does in one day – Metropolitan Planning Council

I read a stat that Nashville grows by 80 people a day. Of all the stats I read on a daily basis, this one stuck with me—Chicago only grew by 82 people in all of last year! The Nashville region…

Source: It takes an entire year for Chicago to grow as much as Nashville does in one day – Metropolitan Planning Council

Oct 26 2015

Nashville Real Estate – Nashville Homes : Murfreesboro Homes – October 2015

Murfreesboro Homes for sale and October 2015 market update Sales of homes in Murfreesboro increased 11% during the month of September compared to the same month last year. The average sales price of Murfreesboro homes increased 13% to $226,087. The absorption

Source: Nashville Real Estate – Nashville Homes : Murfreesboro Homes – October 2015

Oct 19 2015

Nashville Real Estate – October 2015

Nashville Real Estate

Closings of Nashville homes increased of 11% year over year in September 2015. The median price of Nashville homes sold increased by 12% to $236,866 according the Greater Nashville association of Realtors. During the same 12 month period, inventory levels of single family homes decreased 12% to 8729 available homes, making the absorption rate a very low 3 months.

2839 Nashville homes sold during the month of September 2015 compared to 2541 the previous September
Median sales prices of homes sold during the month were up 12% to $236,866
average days on market for Nashville homes was down to 56 days compared to 68 days last year
8729 single family homes are currently listed in the Nashville MLS as available for purchase compared to 9924 12 months ago

Nashville real estate is still in a seller’s market with most new homes under contract before they are finished, and many resale homes getting multiple offers the first week on market. The Nashville real estate market is changing at a rapid pace, make sure you have a real estate professional on your side to insure they you get the best deal possible when buying or selling a home in the Nashville area.

The most popular neighborhoods in and around Nashville based on September closings are as follows

Providence with 33 closings, this does not include the Del Webb section
Green Hills with 16 closings, it seems low to me, but some Green Hills homes are listed as smaller communities
Lochaven with 16 closings – a new community of Beazer homes close to Brentwood
Inglewood with 15 closings
Crieve Hall with 15 closings
Westhaven with 14 closings
East Nashville with 14 closings – it’s hard to classify this as a neighborhood but what else would you call it
Crieve Hall with 13 sales – a very convenient location near I-65 north of Brentwood
Lockeland Springs with 13 closings – located in a very hot area of east Nashville

If you would like to buy or sell a home in the Nashville area, give me a call at 615-512-7853 or search for homes using the best Nashville MLS search available