Nashville Real Estate - Benchmark Realty: 2015

Monday, October 19, 2015

Nashville Real Estate Report October 2015

Press This!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 homes are still in a sellers 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

Saturday, September 19, 2015

Nashville Real Estate - Nashville Homes : Nashville Luxury Homes for Sale - September 2015

Nashville luxury homes for sale and August 2015 market report - 42 Nashville homes sold during the month of August 2015 that were listed for at least one million dollars compared to 38 during the same period last year, an increase of 10%.

The average sales price of homes in this price range was $1,528,237
the list price to sales price ratio of sold Nashville luxury homes was 92.4%
the average days on market for sold homes was 111 days
455 Nashville million dollar homes are listed in the Nashville MLS
35 Nashville million dollar homes are currently pending sale
The absorption rate for Nashville million dollar homes based on August sales and current inventory is back up to 11 months

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

Nashville million homes sales have been improving , but as you can see, the inventory levels allow buyers a lot of leverage to negotiate a better price.
Search for Nashville luxury homes 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.

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Sunday, August 16, 2015

Luxury Homes In Nashville August 2015

Nashville Real Estate - Nashville Homes : Luxury Homes In Nashville August 2015Nashville 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.

Find your Nashville luxury home here

Wednesday, August 12, 2015

Franklin TN Real Estate for Sale - August 2015

Franklin TN Real Estate for Sale - August 2015Franklin 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

Westhaven with 17 closings
Fieldstone Farms with 15 closings
Ladd Park with 12 closings
Mckays Mill with 12 closings
Avalon with 7 closings
Forrest Crossing with 7 closings
Sullivan Farms with 7 closings

Search for Franklin TN real estate for sale here

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

Saturday, June 27, 2015

Nashville Million Dollar Homes - June 2015 Update

Nashville Real Estate - Nashville Homes : Nashville Million Dollar Homes - June 2015 Update
Nashville luxury homes for sale and June 2015 market report - 51 Nashville luxury homes sold during the month of May 2015, compared to 37 during May of 2014, an increase of 38%. The average sales price of Nashville luxury homes was $1,504,917, and the average size of homes sold was 5880 square feet

the list price to sales price ratio of sold Nashville luxury homes was 96%
the average days on market for sold homes was 89 days
482 Nashville luxury homes are listed in the Nashville MLS - The most I've seen in a long time
52 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 9 months.

The breakdown for neighborhoods with Nashville million dollar homes that sold in May 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. 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, and now even Germantown, old homes are being replaced by new luxury homes, and we can expect that trend to continue as the demand increases. Find your Nashville luxury 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. [idx-listings linkid="256646" count="20" showlargerphotos="true"]

Wednesday, June 10, 2015

Franklin TN Real Estate for Sale - June 2015

Nashville Real Estate - Nashville Homes : Franklin TN Real Estate for Sale - June 2015Franklin Tn Homes June 2015 market update - 206 Franklin Tn homes closed during the month of May compared to 180 for the same month last year, an increase of 15%. The median price of homes sold in Franklin during the month was $450,818 compared to $403,338 for May of 2014, an increase of 12%. The absorption rate based on May sales and the current inventory is 3.5 months, and the median days on market for sold homes is 47 days. A lot of Franklin TN homes are now 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 Tn Homes in May was 100%
370 Franklin TN homes are pending at this time
725 Franklin TN homes are currently listed in the Nashville MLS as available for purchase, but many are already under contract
the absorption rate based on May sales is 3.5 months

Search for Franklin TN homes for sale here

For the most-up-to-date information on Franklin TN homes 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 real estate is are 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

Thursday, May 28, 2015

Green Hills TN Homes For Sale May 2015

Green Hills Tn Homes in Nashville Tn 37215 market report for May 2015 shows that average prices of Green Hills TN homes sold in April increased 8% over the last 12 months to $792,250.

39 Green Hills TN homes sold in April compared to 42 the previous April
The average price of Green Hills TN homes sold in April was $792,250 compared to $731,597 last April
The average size of homes sold in Green Hills was 3696 square feet
The average days on market of homes sold was 64
the list price to sales price ratio was 96.5%
20 homes are currently pending in Green Hills
200 homes are currently available for purchase
the current absorption rate for Green Hills homes is 5 months

To search for Green Hills TN homes for sale, click on the button

Return to Nashville homes search page

For the most-up-to-date information on Green Hills real estate 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 homes 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 Green Hills 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 Green Hills real estate in Nashville per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed.

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Thompsons Station Homes - May 2015

Thompsons Station Homes - May 2015 Thompsons Station Homes for sale and May 2015 market report - The pace has picked up significantly in the last few weeks and during the month of April, 45 Thompsons Station homes closed, an increase of 96% over the previous April. Along with the increase in sales came an increase in prices, with the average sales price of homes in Thompsons Station at $371,067 for homes sold during the month compared to $267,050 one year ago.

The absorption rate for Thompsons Station homes based on April sales is 4 months
the days on market for sold homes is down to 46 days
123 Thompsons Station homes are currently pending sale
179 Thompsons Station homes are listed in the Nashville MLS as available for purchase
the list price to sales price ratio for closed homes was 100%, so don't expect a response from those low-ball offers

Search for Thompsons Station homes here

Thompsons Station neighborhoods with closings for the month of February include

Return to Nashville homes search page

For the most-up-to-date information on Thompsons Station 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 Thompsons Station homes come on the market or price reductions in Thompsons Station are posted. Thompsons Station is located between Franklin and Spring Hill just west of I-65 at I-840. The schools in Thompsons station are excellent and the property taxes are some of the lowest in the state. With an easy commute to Cool Springs for Downtown Franklin, Thompsons Station is growing rapidly.

Search for Thompsons Station homes for sale here

Nashville Luxury Homes for Sale - May 2015

Nashville Luxury Homes for Sale - May 2015

Nashville luxury homes for sale and May 2015 market report - 36 Nashville luxury homes sold during the month of April 2015, compared to 29 during April of 2014, an increase of 24%. The average sales price of Nashville million dollar homes was $1,459,884, and the average size of homes sold was 6196 square feet

the list price to sales price ratio of sold Nashville luxury homes was 95%
the average days on market for sold homes was 116 days
419 Nashville luxury homes are listed in the Nashville MLS
59 Nashville million dollar homes are currently pending sale
The absorption rate for Nashville million dollar homes based on April sales and current inventory is down to 11 months, and based on pending sales, I expect to improve throughout the spring and summer.

The breakdown for neighborhoods with Nashville million dollar homes that sold in March are

Monday, April 20, 2015

Free concert at Owl's Hill this Saturday

Free concert at Owl's Hill this Saturday

The Owl's Hill Nature Sanctuary in Brentwood will host a free concert
on Saturday, April 25 with live performances by Kim Richey, Bill Lloyd
and Webb Wilder.

The event is sponsored by The Nature Conservancy, which recently
announced the expansion of its "If Trees Could Sing" video program. Nine
new artists have been added to the program, with Owl's Hill as its new
area park.

The concert will run from 12 p.m. to 4 p.m. at 545 Beech Creek Road and is open to the public.

Videos can be found at www.nature.org/IfTreesCouldSing

Oak Hill Home For Sale - 4040 Russellwood

Oak Hill Home For Sale - 4040 Russellwood[idx-listing mlsnumber="1616501" showall="true"]

Oak Hill Home For Sale at 4040 Russellwood - approximately 4600 square feet on a spacious tree lined lot in Oak Hill built by luxury home builder Gene Edwards. A French Tudor style exterior all brick home with screened cedar porch, oversized stamped patio, gourmet kitchen with Viking appliances, butlers pantry and bonus room. The master bedroom and one guest bedroom is on the main level.

For more information on this fabulous new home in Oak Hill, call Clay Tate at 615-957-8448

Search for Oak Hill homes for sale here

Sunday, April 19, 2015

Nashville Real Estate For Sale - April 2015

Nashville Real Estate For Sale - April 2015
Nashville real estate for sale - 2313 Nashville homes sold in March at an median price of $222,400. That's an increase of 13% over the number of homes sold last March, and an increase of 36% over last month. The inventory level is now down to 8238 homes making the absorption rate 3.5 months and dropping fast. Nashville home buyers need to expect that most good homes get offers the first day on market sometime with multiple offers. Nashville real estate is in a sellers market.

2313 homes sold in the month of March compared to 2036 during the same month last year, an increase of 13%
The median sales price of homes sold was $222,400 compared to $195,000 last year, an increase of 14%
inventory of available homes is down 14% to 8238 homes
334 Nashville condos sold during the month, an increase of 13%
the median sales price of Nashville condos was $171,831 up slightly from last year
inventory levels of Nashville condos are down 20.6% to 867 units
The absorption rate for Nashville condos based on March sales is 2.6 months

Nashville real estate sales continue to increase as inventory levels continue to decline. The laws of supply and demand will continue to push home prices higher as more people continue to move to the Nashville area.

For the most-up-to-date information on Nashville real estate prices, 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 homes come on the market or price reductions in Nashville real estate are posted.

Return to Nashville homes search page

information on this page is based on information on Nashville real estate per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed. This post is the property of Larry Brewer of Benchmark realty representing buyers and sellers of Nashville real estate including the surrounding areas of Franklin, Brentwood, Spring Hill, Murfreesboro, Green Hills, and Belle Meade.

Thursday, April 2, 2015

Polk Place Homes In Franklin TN - April 2015

Polk Place Homes In Franklin TN - April 2015Polk Place Homes In Franklin TN - April 2015

Polk Place homes have lately been selling like girl scout cookies with 4 closings in the month of March and 6 homes currently under contract, leaving only one home available for purchase. The absorption rate on Polk Place homes now based on these numbers is one week. As crazy as it seems, this is now the market for affordable homes in Franklin. Almost every home in Polk Place is priced in the $400,000 to $500,000 range, in the sweet spot of affordability with an average price per square feet of around $130.

4 Polk Place homes sold in the month of March
the average price of homes sold was $426,325
6 homes are currently under contract to close
1 Polk Place home is available for purchase

I expect the demand for homes in Polk Place to continue as builders in Franklin will have trouble finding lots, and the cost to develop land continues to rise at a rapid pace. With all the new regulations place on building to codes, and the fees and taxes levied on new homes continue to rise, affordable housing in Franklin seems to be a thing of the past.

Search for Polk Place homes for sale here

If you would like to know what the value of your existing Polk Place home would be, enter your information here, and you will receive a free market analysis based on current conditions. Of course you can always call Larry Brewer at Benchmark realty 615-512-7853 for immediate assistance.

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Tuesday, March 3, 2015

Nashville Luxury Homes for Sale March 2015

Nashville Real Estate - Nashville Homes : Nashville Luxury Homes for Sale March 2015

Million Dollar Homes in Nashville March 2015 - 26 Nashville homes sold during the month of February 2015 that were listed for more than one million dollars, an increase of 85% compared to the same period last year. The average price of homes sold in this price range was $1,539,218 with the most expensive being $3,225,000. The absorption rate of million dollar homes in Nashville based on February sales is still fairly high at 13.5 months.

26 million dollar homes in Nashville sold in the month of February, compared to 14 last year
the average sales price of homes listed for more than a million dollars was $1,539,218
the list price to sales price ratio of sold homes was 95%
the average days on market for sold homes is down to 144 days
351 homes are listed in the Nashville MLS for more than $1,000,000

The breakdown for neighborhoods with Luxury homes that sold for more that a million dollars are as follows

Million dollar homes in Nashville are selling at a consistent pace, but the inventory levels are still high enough to make is a buyers market for resales, in new construction it's a sellers market due to a shortage of lots.

Search for Million dollar homes in Nashville here

Return to Nashville homes search page

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 million dollar homes come on the market or price reductions in Nashville luxury homes 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.

information on this page is based on information on million dollar 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

Tuesday, February 17, 2015

The Best Franklin Elementary Schools

The Best Franklin Elementary Schools

What Are the Best Franklin Elementary Schools - I get this question a lot, and if you base the answer on test scores, it's a fairly easy answer. If you start to include opinions of parents and students, it becomes more subjective. I also think that comparing a magnet school to a typical public school is not a fair comparison. Magnet schools in general only allow the best students, giving them an unfair advantage. All of the Franklin elementary schools are ranked in the top 20% in the state with most in the top 10%. With all of that explanation behind me, I'll go ahead and give you the rankings based on TCAP scores. Clovercroft is the top Franklin elementary school an the top traditional public school in the state. By the way, if you click on the school name, it will give you a list of all available homes in that school district. The numbers are average TCAP scores

The bottom schools on the list are all in the Franklin special school district, all of the others are part of the nationally recognized Williamson county school system. Click here to see Franklin TN Middle schools Click here to see Franklin TN High schools Click here see Brentwood TN elementary schools Click here see Brentwood TN middle schools Click here to see Brentwood TN high schools

Thursday, February 12, 2015

Nashville Real Estate - Nashville Homes : Mckays Mill Homes for Sale February 2015

McKays Mill homes for sale and February market report - 6 homes sold during the month of January, at an average price of $437,007. Homes sell really fast in McKays Mill and the shortage of properties has the list price to purchase price ratio around 99% almost all the time. 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.

6 McKays Mill homes sold in the month of January
13 homes are currently available for purchase
6 Mckays Mill homes are currently under contract and pending sale
the list price to sales price ratio of homes sold in January was 99%
average days on market for homes sold was 61 days
The absorption rate of Mckays Mill homes is 2 months

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 99%. The reasons are simple, it's one of the most affordable places to live in the Cool Springs area of Franklin, and it's close enough to I-65 that you can commute to downtown Nashville is less than 30 minutes on normal day.

Search for Mckays Mill real estate here

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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Wednesday, January 28, 2015

Westhaven Homes Update January 2015

Westhaven Homes Update January 2015
Westhaven Homes for sale in Franklin TN and January 2015 market report - 16 Westhaven homes closed in December of 2014 with the average price of homes sold at $642,273, an increase of 11% over last December. Westhaven homes are in a sellers market with a 4 month absorption rate.

16 Westhaven homes sold in Decmeber of 2014
the average sales price for homes sold was $642,273 an increase of 11% over last Decembers $581,822
the average size of homes sold was 3440 square feet
the average price per square foot of homes sold was $186
the absorption rate for Westhaven homes is 4 months
34 Westhaven homes are pending sale at this time
59 homes are currently listed in the Nashville MLS as available for purchase

Westhaven is a very popular neighborhood on the west side of Franklin in Williamson county, blessed with outstanding schools, low property taxes, no income tax, and a championship golf course, Westhaven is a great place to live.

Search for Westhaven Homes here

For the most-up-to-date information on Westhaven 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 Westhaven listings come on the market or price reductions in Westhaven are 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

Tuesday, January 27, 2015

Commission OKs Town Center changes, 100 homes near Split Log Road - Brentwood Home Page

Commission OKs Town Center changes, 100 homes near Split Log Road - Brentwood Home Page

Brentwood City Commissioners passed an ordinance Monday night that
reverts a number of regulations in the city's Town Center district to
tighter, stricter building restrictions, but decided to address a
residential ban in the area in February.

The Board also chose to forego an exemption on a proposed five-story hotel affected by the new regulations. As a result, the project no longer is in compliance with the city's ordinance, and is effectively abandoned.

Commissioners also approved, 4-3, a motion to direct city staff to explore a possible ban of all residential use in the Town Center area. City staff will draft possible options in the coming weeks for City Commissioners to consider.

Please check back Tuesday with Brentwood Home Page for full coverage of this meeting. For previous coverage, visit here.

Two new developments, which will bring over 100 homes to the area off Split Log and Ragsdale roads, were also approved Monday night.

Commissioners decided to add an amendment that would place removable
roadblocks on a connection between Glenn Abbey and Northumberland
subdivisions.