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Nashville Home Sales December 2019

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Nashville homes for sale – Nashville HomesHome sales are much higher in December than the same period last year with 2880 single family homes sold compared to 2436 in December of 2018 an increase of 18% year over year. The median price of homes sold increased 5.2% during the sale period of. The absorption rate of single family homes in Nashville is still at only 2 months and the list price to sales price ratio is 99%. It seems that the prediction of a recession was incorrect and sales are still at very high levels for winter months.

    • 2880 homes closed during the month of December compared to 2436 for the same month last year
    • 6612 single family homes are currently listed for sale in Nashville compared to 7702 last year, a reduction in inventory of 16%
    • the median price of Nashville homes sold was $324,000 compared to $308,000 the previous December
    • the absorption rate of homes based on December sales and current inventory is still only 2 months

Nashville real estate is in a very active sellers market with inventory levels still excessively low in most areas with affordable homes, but rising interest rates seem to be having some impact on the rate of sales.

Search for Nashville real estate here

Find the value of your Nashville home here Nashville real estate values,

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 Davidson county 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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(all data current as of 2/18/2020)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 
 

Nashville Home Appreciation – What To Expect

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Find Your Homes ValueNashville home appreciation – what to expect in the near and distant future.

I get this question a lot, usually from first time home buyers who are concerned about possibly losing money on their first home purchase. If I only had a crystal ball I could tell you exactly what your house would be worth in 5 or 10 years, but all I can do is suggest that based on the past history, you can expect property values to go up in most locations. It’s the locations part that get you, because in real estate, location is the most important part of the investment story.

According to Zillow, Nashville home values have averaged 5.8% per year the last 10 years, it has been predicted to slow somewhat in the future, but they’ve been saying that every year for the some time now. Zillow predicts that Nashville homes will appreciate  2.7% in 2020.  My personal opinion based on what I’m seeing on the ground is that their estimates are low. I expect 2020 to be a strong market because the recession that they were predicting for 2019 didn’t happen, and neither did the rise in interest rates. Jobs continue to be plentiful in Nashville with more coming, and interest rates remain low, both are very good for the real estate market.

If you own a home in Nashville or one of the surrounding communities, congratulations you’ve made a good investment. If you are ready to use some of that equity to move, now is probably as good a time as you will ever find. If you would like to know the value of you home, give me a call, 0r sign up for my free home evaluator to get monthly updates of properties sold in your area.
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Nashville Homes for Sale – December 2019

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Nashville homes for sale – Nashville HomeHome prices in Nashville Davidson county continue to rise with the median price of homes sold in November showing an increase of 8.9% compared to the same period of 2018. The absorption rate of single family homes in Nashville is still at only 2 months and the list price to sales price ratio is 99%. It seems that the prediction of a recession was incorrect and sales are still at very high levels for winter months.

    • 838 homes closed during the month of November compared to 835 for the same month last year
    • 1666 homes are currently listed for sale in Nashville
    • the median price of Nashville homes sold was $333,805 compared to $307,500 the previous November
    • the absorption rate of homes based on November sales and current inventory is still only 2 months

 Nashville real estate is in a very active sellers market with inventory levels still excessively low in most areas with affordable homes, but rising interest rates seem to be having some impact on the rate of sales.

Search for Nashville real estate here

Find the value of your Nashville home here Nashville real estate values,

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 Davidson county 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

  • List View
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See all Davidson County.
(all data current as of 2/18/2020)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 
 

Nashville Luxury Home of the Day – 3406 Belmont Blvd Nashville TN 37215

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3406 Belmont BlvdNashville Luxury Home of the Day – 3406 Belmont Blvd Nashville TN 37215

This home is currently under contract

Infill done right – historic Belmont Village cottage architecture with modern construction standards and all the desires of a luxury home buyer.  Fantastic chefs kitchen with butlers pantry and wet bar, a covered back porch with outdoor fireplace makes entertaining indoors or outdoors an option. with 5 bedrooms and 4 full baths you have plenty of space for the family or guests to have their privacy. the master suite on the main floor with hardwood floors has an amazing master bath with open shower and large walk in closet.

The upstairs has 4 bedrooms 3 full baths and a large 20×17 bonus room with wet-bar, and a laundry room.

For similar homes, see my blog about Nashville Luxury Homes

Nashville Luxury Home of The Day 4012 Estes Rd

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The Luxury Home Of the Day is 4012 Estes Rd – located in Green Hills with a perfect mix of traditionalism and modernity.

We're sorry, but we couldn't find MLS # 2074893 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

This Exclusive Scout & Nimble designed  dream home has everything you could want. Just a few of the features include a front office with built in bookshelves and a fireplace, a front entry courtyard, a hugeuge kitchen with oversized island and Thermador pro series gas range with double ovens, two bedrooms on the main floor including a giant master suite with cedar beams, a bay window, and a massive closet. The screened in main floor porch has vaulted ceilings and a fireplace. The guest bedroom on the main floor has it’s own full bath. With 3 bedrooms and 3 full baths on the second floor, as well as a large bonus room, your guests will have plenty of space and privacy. The level fenced back yard is perfect for a pool.

 

Search for Nashville Luxury Homes here

Nashville Luxury Homes – July 2019

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Nashville luxury homes for sale – Luxury nashville NeighborhoodWith the rest of the Nashville market highly favoring the sellers, the market is a lot more balanced in this price range. Luxury homes in Nashville have an absorption rate of 5 months. which is about half of what it was just a few years ago. For this article, we are considering luxury homes as homes priced at $1,000,000 or more with at least 3000 square feet, the average price of homes sold in this category during July was $1,620,904.

  • 569 Nashville luxury homes are currently listed in the Nashville MLS
  • 116 Nashville luxury homes are currently under contract
  • 117 luxury homes sold during the month of July 2019 compared to 107 for the same month last year
  • the list price to sales price ration of homes sold in this price range was 96.7%
  • the average price per square foot of luxury homes sold in Nashville for July was $302 compared to $263 dollars last July
  • the average size of homes sold in this category was 5407 square feet
  • the average price of luxury homes sold during July was $1,620,904

The breakdown for some of the most active neighborhoods with Nashville luxury homes that sold in during July 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.

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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(all data current as of 2/18/2020)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 
 

 

 

 

 

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