Sylvan Park Homes – September 2016

Nashville home in sylvan parkSylvan 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.

 

Mckays Mill Homes – March 2016

Mckays MillMckays 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

Mckays Mill Sales 4-16

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
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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.

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
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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

Nashville Million Dollar Homes February 2016

Million Dollar homes in NashvilleFind 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.

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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.

 

 

 

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

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

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

Nashville Real Estate

Nashville Real Estate – October 2015

Nashville Real Estate

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

 

 

Luxury Homes In Nashville August 2015

Nashville Real Estate – Nashville Homes : Luxury Homes In Nashville August 2015.Nashville Luxury HomeNashville luxury homes for sale and August 2015 market report – 59 Nashville luxury homes sold during the month of July 2015, compared to 45 during July of 2014, an increase of 31%. The median sales price of Nashville luxury homes was $1,286,000, and the average size of luxury homes sold was 6448 square feet

  • 470 Nashville luxury homes are listed in the Nashville MLS
  • 36 Nashville million dollar homes are currently pending sale
  • The absorption rate for Nashville luxury homes based on May sales and current inventory is down to 8 months
  • the median list price to sales price ratio for luxury homes during July was 93%

The breakdown for neighborhoods with Nashville luxury homes that sold in July are

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. It’s probably no surprise to some that during the summer months we start to see sales of homes on the lake in Hendersonville and Gallatin, since Old Hickory is the only lake in the area with personal boat docks.

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Find your Nashville luxury home here

Nashville Luxury Homes for sale
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.

 

 

Franklin TN Real Estate for Sale – August 2015

Franklin TN Real Estate for Sale – August 2015.Franklin Tn real estate for sale and August 2015 market update – 240 Franklin Tn homes closed during the month of July compared to 261 for the same month in 2014, a reduction of 9% year over year, mostly caused by a shortage of available homes. The median price Franklin TN real estate sold during the month was $443,786 compared to $406,915 for June of 2014, an increase of 9%. The absorption rate based on July sales and the current inventory is 3 months, and the median days on market is only 47 days. Franklin TN real estate in a sellers market with many of the better homes getting multiple offers the first day on market, and a good buyers agent is critical to having a chance to compete for the better homes.

  • the median list price to sales price ratio for Franklin Homes in July was 100%
  • 331 Franklin homes are pending at this time
  • 731 Franklin homes are currently listed in the Nashville MLS as available for purchase, but most are already under contract
  • the absorption rate based on July sales is 3 months

The top Franklin Tn neighborhoods for the month of July based on sales were

Search for Franklin TN real estate for sale here
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For the most-up-to-date information on Franklin TN real estate values, then we urge you to contact us. We can assist you with all aspects of buying or selling homes in Franklin and other neighborhoods in the Nashville Metro area. Also ask to be placed on an instant notification system when any new Franklin real estate comes on the market or price reductions in Franklin TN real estate is posted.

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