What an amazing opportunity awaits the Buyers of this property I just listed for sale!! The home was completely renovated to the studs by a local, respected contractor in 2012 and features approximately 5400 square feet, plus 2 Morton Buildings/Barns (one with amazing 1300 square foot living quarters), and 65 mostly level, and partially fenced, acres bordering the Harpeth River. All this is located just two property lines outside the City of Franklin. The home also features a gorgeous pool with pavilion with outdoor fireplace, and separate fire pit. The 23’ x 23’ screened porch on the back of the house, overlooking the pool area, main barn, and rear pasture of the property, is the most relaxing place in all of Franklin!! The Listing Price is $3,495,000!!
The home sales results for June are out, and the numbers continue their upward momentum! There were 3,038 homes SOLD in June, compared to 2,453 in June of 2012. That figure represents a 23.8% increase from the same period a year ago. Second Quarter numbers were up from a year ago as well. There were 8,879 closed sales in the second quarter of this year compared to 7,139 the same period a year ago.
The median residential price for a single family home during June was $205,950 and a condominium was $159,000. Both of those represent an increase from the sale period a year ago as well.
The inventory, or number of homes available for sale, continues to fall as well from 19,136 a year ago to 16,828 as of the end of June.
PENDING SALES SURPASS 2000…That is some of the biggest news coming from information released by the Greater Nashville Association of Realtors today! The number of transactions reported for February 2013 was 1,784, which represents an increase of nearly 28 percent over the February 2012 number of 1,515. This number also represents the highest number of closings in February since 2008, and we know 2008 was a record setting sales year! The number of PENDING sales is 2,269 compared to 1,832 at the same time last year which shows the market will probably continue in the upward trend we have been experiencing over the last few months. The inventory of homes for sale continues to fall. The inventory at the end of February was 15,651 which is down from 18,271 a year…
Just passing along how “HOT” some areas of the local real estate market are currently. There was a house last week listed in the 12th South / Belmont area. The Asking price was $325,000. There were 7 offers the first day, and the house finally sold for $340,000. Another situation I had with one of my listings last week was a bank foreclosure with 2 additional lots in the Forest Hills area near Green Hills. I listed the properties in the MLS on Monday. By Tuesday afternoon, I had 2 contracts on the house and 3 contracts on each lot. If you are planning to buy or sell real estate in this market this year, you need to call or send me an e-mail for the latest market information and possible marketing or buying opportunities. As a buyer, be aware that many homes
The Available Inventory of HOMES FOR SALE in many areas of Nashville and Williamson County (Including Brentwood, Cool Springs, Franklin, and Spring Hill/Thompson Station) is beginning to reach a stage we have not seen in many years. As this market has transitioned from a “Buyer’s” to a “Seller’s” market, we continue to see more frequent situations where Sellers are receiving multiple offers on their homes. This is a phenomenon that we have not seen much in the last couple of years. The inventory of HOMES FOR SALE recently released by the Greater Nashville Association of Realtors supports this information. As of December 31, 2012, there were 15,054 properties available in the area compared to 17,216 at the same time in 2011. This is a fairly dramatic drop.
Well….January 2013 is continuing the upward trend in this local real estate market. New information released today by the Greater Nashville Association of Realtors shows that sales in January 2013 were 18.7 percent higher than in January 2012! You can see the press release from GNAR by CLICKING HERE. There were 1,634 closing in January 2013 compared to 1,377 in January 2012. This follows the release of the annual 2012 numbers in early January that showed the comparison of sales between 2011 and 2012. The total number of transactions in 2012 was 26,097 as compared to 20,624 in 2011 or an increase in the number of properties sold by approximately 26.5%. This information continues to support that fact that the Nashville and surrounding are real estate market
August home sales numbers have been released and prove to maintain significant momentum based on information released from the Greater Nashville Association of Realtors. These numbers come directly from the RealTracs, the local MLS. There were 2,606 closings last month as compared to 2,047 in August 2011. That is a 27.3% increase from year to year. The numbers break down to these specific categories of housing: Residential (2,132), Condominiums (295), Multi-Family (26) and Farms/Land/Lots (121) for a total of 2,574.
In July 2011, one year ago, the breakdown was: Residential (2,177), Condominium (299), Multi-Family (20), and Land/Farms/Lots (110) for a total of 2,606.
Year to date closings for the area are 17,174 which is an increase of 25.4 percent
July sales results continue on the upward trend based on information released from the Greater Nashville Association of Realtors. These numbers come directly from the RealTracs, the local MLS. There were 2,574 closings last month as compared to 2,021 in July 2011. That is a 27.4% increase from year to year. The numbers break down to these specific categories of housing: Residential (2,132), Condominiums (295), Multi-Family (26) and Farms/Land/Lots (121) for a total of 2,574.
In July 2011, one year ago, the breakdown was: Residential (1,692), Condominium (219), Multi-Family (14), and Land/Farms/Lots (96) for a total of 2,021.
Year to date closings for the area are 14,568 which is an increase of 25 percent over the same time last year’s number of
The home sales numbers for June 2012 have been released, and it shows the market continues to increase momentum and is way beyond the “recovery” stage. While I don’t want to just throw a bunch of numbers at you, I think it is critical to point out that these numbers represent a very strong local market.
The numbers show there were 2,453 homes sold in Middle Tennessee in June, a 20.8% increase over the numbers (2,031) of June 2011. Second quarter numbers show there were 7,139 closings, or a 24.7% increase over the same period last year when there were 5,723. Year to date closings are also up 24.7% compared to the first half numbers in 2011.
The median residential price for single family homes sold during June was $182,000 and for condominiums it was
One of the most popular pages for visitors to my website is Downtown Franklin Homes For Sale. The Downtown area of Franklin has really changed – for the better - over the last 20 years. When I was in high school in Franklin in the mid 1970’s, the biggest event on Main Street was the driving of tractors to the town “Square” on Friday nights. That is when Franklin was a sleepy, little farming/agricultural town and area. It is nothing like that today. Tourists and locals flock to the area now to see the family shops, eat lunch and dinner on the sidewalks, and just sit on a bench and “people watch”. The family drug store and local banks are long gone. Today you get everything from a chain store like Chico’s to local meat and three restaurants like Puckett’s,