Thompsons Station Homes - May 2015

Thompsons Station Homes - May 2015Thompsons 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

• Aston Woods
• Blackberry Estates
• Bridgemore Village
• Brixworth
• Cameron Farms
• Canterbury
• Newport Crossing
• Tollgate Village

 

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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

• Annandale
• Avalon
• Bancroft
• Beech Tree
• Belle Meade
• Belmont
• Brentwood
• Forest Hills
• Franklin Equestrian
• Franklin Historic
• Governors Club
• Green Hills
• Hampton Reserve
• Laurelbrooke
• Germantown
• Magnolia Vale
• Mcgavock Farms
• Oak Hill
• Princeton Hills
• Stockett Creek
• The Grove
• Treemont
• Tyne Meade
• West Meade
• Westhaven
• Windstone

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.

 



 

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

 

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.




 

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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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

• Annandale
• Belle Meade
• Brentwood
• Forest Hills
• Governors Club
• Green Hills
• Hampton Reserve
• Laurelbrooke
• Stockett Creek
• The Grove
• Tuscany Hills
• Westhaven

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