Nashville Real Estate and Community News

Learn about buying and selling real estate with a realtor in Nashville Tennessee. Information on city neighborhoods, sites to see, restaurants and All things Nashville. All stories are by accredited journalist John Sullivan member of the International Association of Press Photographers and many photos credit to Create615.com

May 10, 2024

Belle Meade Nashville Area Real Estate Market Update - Q1 2024

Belle Meade Nashville Area Real Estate Market Update - Q1 2024

Belle Meade Nashville Area Real Estate Market Update - Q1 2024
Nashville, TN / USA - (last modified May 10, 2024 at 6:00am )

Belle Meade Nashville Area Real Estate Market Update - Q1 2024

As we review the first quarter of 2024, Belle Meade's real estate market has demonstrated remarkable dynamism. With its lush green spaces, historic estates, and premier golf courses, Belle Meade remains one of the most prestigious neighborhoods near Nashville. The following metrics offer insight into its current market trends:

Key Metrics at a Glance:

Metric March 2023 March 2024 Year-over-Year Change
New Listings 127 81 36% Decrease
New Under Contract 60 75 25% Increase
Active Inventory (Avg) 137 192 41% Increase
Under Contract Inventory (Avg) 86 93 8% Increase
Total Inventory 222 285 28% Increase
Closings 78 58 26% Decrease
Sale Price (Avg) $1,676,238 $1,798,923 7% Increase
Sale Price (Med) $1,425,000 $1,512,500 6% Increase
Avg DOM (Closed) 34 58 72% Increase
Avg List Price (Active) $2,202,123 $2,428,056 10% Increase
List to Contract (Avg) 47 65 38% Increase
Contract to Closed (Avg) 35 39 12% Increase
List to Closed (Avg) 93 128 38% Increase
Months of Supply 2.42 4.37 81% Increase

Takeaway Points:

    • Days on Market: The marked increase in average days on market reflects a more discerning buyer's market, where high-end properties may take longer to close, aligning with Belle Meade's luxury market stature.

    • Active Inventory: The significant rise in active inventory suggests that buyers have more options to choose from, which may lead to a more competitive environment for sellers.

    • Pricing Trends: The increase in both average and median sale prices indicates a healthy appreciation in property values, affirming Belle Meade's status as a desirable and high-value area.

The Belle Meade real estate market for Q1 of 2024 illustrates a complex landscape where value and quality continue to drive market activity. Despite a decrease in closings, the robust increase in sale prices speaks to the area's lasting appeal. With a more ample supply, this quarter has provided an advantageous climate for buyers, while sellers continue to benefit from rising property values. Belle Meade’s market resilience and prestige are clear as it remains a cornerstone of luxury living in the Nashville region.

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May 6, 2024

Green Hills Nashville Real Estate Market Update - Q1 2024

Green Hills Nashville Real Estate Market Update - Q1 2024

Green Hills Nashville Real Estate Market Update - Q1 2024
Nashville, TN / USA - (last modified May 6, 2024 at 6:00am )

 

Green Hills Nashville Real Estate Market Update - Q1 2024

Green Hills, known for its upscale shopping venues, top-rated schools, and beautifully manicured neighborhoods, has seen a remarkable first quarter in 2024. The real estate market in this prestigious Nashville area has shown strong performance with noteworthy trends. Let's examine the data from March 2024:

Key Metrics at a Glance:

Metric March 2023 March 2024 Year-over-Year Change
New Listings 36 46 28% Increase
New Under Contract 29 27 7% Decrease
Active Inventory (Avg) 52 55 5% Increase
Under Contract Inventory (Avg) 35 38 9% Increase
Total Inventory 87 93 7% Increase
Closings 30 29 3% Decrease
Sale Price (Avg) $401,010 $437,030 9% Increase
Sale Price (Med) $360,000 $399,000 11% Increase
Avg DOM (Closed) 20 31 57% Increase
Avg List Price (Active) $548,068 $580,652 6% Increase
List to Contract (Avg) 39 30 23% Decrease
Contract to Closed (Avg) 31 34 9% Increase
List to Closed (Avg) 62 79 28% Increase
Months of Supply 2.56 2.61 2% Increase

Takeaway Points:

    • Days on Market: The notable increase in the average days on market may signal a more balanced interaction between buyers and sellers, allowing for more deliberate decision-making.

    • Active Inventory: A slight uptick in active inventory gives buyers more options and could lead to a more competitive market for sellers in Green Hills.

    • Pricing Trends: With both average and median sale prices on the rise, the market is showing a healthy appreciation in property values, a positive sign for homeowners and investors.

As one of Nashville’s most desirable locations, Green Hills' real estate market is demonstrating its resilience and attraction. The upward trend in sale prices is a testament to the area's enduring appeal, as it continues to draw interest from both local and out-of-state buyers. The Green Hills market is poised for continued vitality as we advance into the year.

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May 3, 2024

Brentwood Tennessee Real Estate Nashville Market Update - Q1 2024

Brentwood Tennessee Real Estate Nashville Market Update - Q1 2024

Brentwood Tennessee Real Estate Nashville Market Update - Q1 2024
Nashville, TN / USA - (last modified May 3, 2024 at 6:00am )

 

Brentwood Tennessee Real Estate Nashville Market Update - Q1 2024

As the first quarter of 2024 comes to a close, Brentwood's real estate market in the Nashville area presents a picture of dynamic activity and shifting trends. Known for its prestigious neighborhoods and expansive estates, Brentwood continues to be a prime destination for discerning buyers. Here's the current market outlook based on data from March 2024:

Key Metrics at a Glance:

Metric March 2023 March 2024 Year-over-Year Change
New Listings 135 127 6% Decrease
New Under Contract 70 97 39% Increase
Active Inventory (Avg) 165 202 23% Increase
Under Contract Inventory (Avg) 112 157 40% Increase
Total Inventory 277 359 30% Increase
Closings 56 66 18% Increase
Sale Price (Avg) $1,528,419 $1,452,381 5% Decrease
Sale Price (Med) $1,227,500 $1,222,500 0% Decrease
Avg DOM (Closed) 33 39 20% Increase
Avg List Price (Active) $2,035,481 $2,313,074 14% Increase
List to Contract (Avg) 48 46 4% Decrease
Contract to Closed (Avg) 45 63 38% Increase
List to Closed (Avg) 113 117 4% Increase
Months of Supply 3.64 4.08 12% Increase

Takeaway Points:

    • Days on Market: The increase in average days on market (DOM) suggests a slight cooling off, providing buyers more time to make decisions in a competitive high-end market.

    • Active Inventory: The substantial growth in active inventory by 23% year-over-year offers more options to buyers, indicating a shift towards a more buyer-friendly market in Brentwood.

    • Pricing Trends: Despite a 5% decrease in the average sale price, the median sale price remaining stable suggests that while the market sees adjustments, the core value of Brentwood's properties endures.

The Brentwood real estate market's first quarter shows both continuity and change, with a healthy level of activity indicating a dynamic market as we move further into 2024. The foundational appeal of Brentwood — with its top-rated schools, ample green spaces, and luxurious amenities — continues to stand strong, underpinning the market's resilience and long-term potential for homeowners and investors alike.

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April 26, 2024

East Nashville Real Estate Market Update Zip Code 37206- March 2024

East Nashville Real Estate Market Update Zip Code 37206- March 2024

East Nashville Real Estate Market Update Zip Code 37206- March 2024
Nashville, TN / USA - (last modified April 26, 2024 at 6:00am )

 

East Nashville Real Estate Market Update Zip Code 37206- March 2024

The eclectic and vibrant East Nashville has always been a bellwether for the real estate trends of our city, and March 2024 is no exception. With its unique neighborhoods, from the historic homes to the contemporary new builds, the area continues to draw interest from a diverse pool of buyers. Here's a detailed look at the market this March:

Key Metrics at a Glance:

Metric March 2023 March 2024 Year-over-Year Change
New Listings 74 94 27% Increase
New Under Contract 51 64 25% Increase
Active Inventory (Avg) 66 100 52% Increase
Under Contract Inventory (Avg) 47 59 28% Increase
Total Inventory 112 160 42% Increase
Closings 44 37 16% Decrease
Sale Price (Avg) $758,616 $758,735 0% Increase
Sale Price (Med) $649,900 $709,500 9% Increase
Avg DOM (Closed) 27 27 1% Decrease
Avg List Price (Active) $856,159 $858,059 0% Increase
List to Contract (Avg) 57 40 29% Decrease
Contract to Closed (Avg) 28 29 5% Increase
List to Closed (Avg) 78 74 4% Decrease
Months of Supply 2.25 3.77 68% Increase

Takeaway Points:

    • Days on Market: The Days on Market (DOM) for closed properties have held steady, signifying a consistent pace in sales, even with the increased activity and inventory.

    • Active Inventory: The notable 52% rise in active inventory represents a burgeoning market, with a wider variety of options for buyers, possibly leading to more competitive pricing and opportunities for negotiation.

    • Pricing Trends: The stable average sale price alongside a significant uptick in median sale price points to a diversifying market with a strong appeal for mid to high-end properties.

As East Nashville moves through 2024, its real estate market demonstrates a rich tapestry of opportunity and growth. From family homes to chic urban apartments, the market is as varied and vibrant as the community itself, ensuring that East Nashville remains a cornerstone of Nashville's real estate landscape.

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April 22, 2024

Germantown, Salemtown and Buena Vista Nashville Real Estate Market Update zip 37208- March 2024

Germantown Salemtown Buena vista nashville real estate

Germantown, Salemtown and Buena Vista Nashville Real Estate Market Update zip 37208- March 2024
Nashville, TN / USA - (last modified April 22, 2024 at 6:00am )

Germantown, Salemtown and Buena Vista Nashville Real Estate Market Update zip 37208- March 2024

As spring dawns on Nashville, the real estate heartbeat of the 37208 area—which includes the historic Germantown, the charming Salemtown, and the up-and-coming Buena Vista—is palpable. The market this March tells a story of growth and buyer confidence. Here's a deep dive into the latest figures:

Key Metrics at a Glance:

Metric March 2023 March 2024 Year-over-Year Change
New Listings 52 60 15% Increase
New Under Contract 16 28 75% Increase
Active Inventory (Avg) 88 139 58% Increase
Under Contract Inventory (Avg) 28 29 5% Increase
Total Inventory 116 168 45% Increase
Closings 18 16 11% Decrease
Sale Price (Avg) $577,233 $587,169 2% Increase
Sale Price (Med) $569,500 $599,900 5% Increase
Avg DOM (Closed) 31 30 4% Decrease
Avg List Price (Active) $677,921 $690,357 2% Increase
List to Contract (Avg) 43 55 27% Increase
Contract to Closed (Avg) 31 28 12% Decrease
List to Closed (Avg) 188 80 57% Decrease
Months of Supply 5.88 10.02 71% Increase

Highlights from the data:

    • A steady climb in average sale price indicates an appreciating market.

    • The significant 57% decrease in the list to closed average suggests a faster-moving market, with homes spending less time before sale.

    • The increase in months of supply points to a more balanced market, offering greater choices for buyers.

The current real estate landscape in the 37208 ZIP code mirrors the district's own character: full of life, growth, and diversity. While the average days on market for closed properties have slightly decreased, the market's inventory continues to grow, signaling a welcoming environment for newcomers. Amidst the historic facades and newly constructed residences, Germantown, Salemtown, and Buena Vista continue to offer homes that cater to a wide array of preferences and lifestyles, reinforcing their status as a desirable destination within Nashville's urban core.

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April 19, 2024

Franklin, TN Real Estate Market Update - Q1 2024

Franklin TN Real Estate market

Franklin, TN Real Estate Market Update - Q1 2024
Nashville, TN / USA - (last modified April 19, 2024 at 6:00am )

 

Franklin, TN Real Estate Market Update - Q1 2024

As we step into the first quarter of 2024, Franklin, TN retains its reputation as a city where history is treasured, and the future is embraced. Known for its vibrant mix of historical sites, picturesque downtown, and community events, Franklin's real estate market reflects this rich tapestry.

Key Metrics at a Glance:

Metric March 2023 March 2024 Year-over-Year Change
New Listings 243 217 11% Decrease
New Under Contract 122 183 50% Increase
Active Inventory (Avg) 295 279 5% Decrease
Under Contract Inventory (Avg) 326 296 9% Decrease
Total Inventory 621 576 7% Decrease
Closings 163 139 15% Decrease
Sale Price (Avg) $1,088,920 $1,145,574 5% Increase
Sale Price (Med) $920,000 $971,419 6% Increase
Avg DOM (Closed) 27 29 9% Increase
Avg List Price (Active) $1,887,267 $1,957,840 4% Increase
List to Contract (Avg) 44 97 119% Increase
Contract to Closed (Avg) 37 30 19% Decrease
List to Closed (Avg) 103 97 6% Decrease
Months of Supply 3.86 4.07 5% Increase

Days on Market: The slight increase in days on market may indicate a more balanced market, providing buyers with more options and time to make their choice.

 

Active Inventory: Even with a modest decrease in active inventory, the market remains dynamic, showing the desirability of Franklin's lifestyle.

 

Pricing Trends: The continued rise in average and median sale prices showcases the strong value of homes in Franklin, where history and modern amenities converge to create a highly sought-after living experience.

 

As the first quarter of 2024 concludes, Franklin's real estate market demonstrates a remarkable blend of stability and growth, reflective of the city itself—a haven of Southern heritage harmoniously woven with progressive threads. With careful attention to the shifts in market dynamics, Franklin remains a wise choice for those looking to plant roots in a community rich in history and forward in vision. For more insights into Franklin's lifestyle and community events, visit visitfranklin.com.

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April 15, 2024

Nashville Sylvan Park, Sylvan Heights, The Nations and Charlotte Pike Real Estate Market Update - Q1 2024

 

Nashville Sylvan Park, Sylvan Heights, The Nations and Charlotte Pike Real Estate Market Update - Q1 2024

Nashville Sylvan Park, Sylvan Heights, The Nations and Charlotte Pike Real Estate Market Update - Q1 2024
Nashville, TN / USA - (last modified April 15, 2024 at 6:00am )

Nashville Sylvan Park, Sylvan Heights, The Nations and Charlotte Pike Real Estate Market Update - Q1 2024

As Q1 2024 unfolds, the real estate market in Nashville's 37209 area — embracing Sylvan Park, Sylvan Heights, The Nations, and Charlotte Park — exhibits a continued demand for its unique blend of community spirit and urban accessibility. Here's a snapshot of the market dynamics for March 2024:

Key Metrics at a Glance:

Metric March 2023 March 2024 Year-over-Year Change
New Listings 98 91 7% Decrease
New Under Contract 72 68 6% Decrease
Active Inventory (Avg) 167 188 13% Increase
Under Contract Inventory (Avg) 72 81 13% Increase
Total Inventory 239 270 13% Increase
Closings 55 61 11% Increase
Sale Price (Avg) $715,005 $770,266 8% Increase
Sale Price (Med) $690,000 $685,000 1% Decrease
Avg DOM (Closed) 32 41 27% Increase
Avg List Price (Active) $833,052 $850,220 2% Increase
List to Contract (Avg) 120 49 59% Decrease
Contract to Closed (Avg) 37 30 19% Decrease
List to Closed (Avg) 103 118 15% Increase
Months of Supply 3.86 4.07 5% Increase

Days on Market: The average days on market for closed properties increased by 27%, indicating a more deliberate approach to sales in the area.

 

Total Inventory: A rise in total inventory by 13% year-over-year suggests a growing market, with more choices for potential homebuyers.

 

Pricing Trends: The average sale price shows an 8% increase despite a slight decrease in median sale prices, reflecting a market with diverse offerings that continue to attract a range of buyers.

 

The 37209 area continues to thrive, offering a mix of historic charm and new developments. With an increasing number of days on the market, buyers have the opportunity to make more considered choices, and the diverse inventory suggests a healthy market. As the neighborhoods evolve, so does the demand for homes in this quintessentially Nashville locale.

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April 12, 2024

12 South Nashville Real Estate Market Update - Q1 2024

12 South Nashville Real Estate Market report Q1 2024

12 South Nashville Real Estate Market Update - Q1 2024
Nashville, TN / USA - (last modified April 12, 2024 at 6:00am )

 

12 South Nashville Real Estate Market Update - Q1 2024

The vibrant 12 South Nashville neighborhood, with its stylish boutiques and cozy coffee shops, continues to be a sought-after location in Nashville. The first quarter of 2024 shows a real estate market that is adjusting to meet both new opportunities and challenges. Here's what the latest data tells us:

Key Metrics at a Glance:

Metric March 2023 March 2024 Year-over-Year Change
New Listings 40 31 23% Decrease
New Under Contract 22 19 14% Decrease
Active Inventory (Avg) 50 69 39% Increase
Under Contract Inventory (Avg) 23 24 5% Increase
Total Inventory 73 93 28% Increase
Closings 17 17 0% Change
Sale Price (Avg) $1,304,529 $1,683,588 29% Increase
Sale Price (Med) $1,240,000 $1,370,000 10% Increase
Avg DOM (Closed) 25 63 154% Increase
Avg List Price (Active) $1,456,288 $1,933,591 33% Increase
List to Contract (Avg) 72 56 23% Decrease
Contract to Closed (Avg) 42 33 22% Decrease
List to Closed (Avg) 91 135 49% Increase
Months of Supply 3.61 5.06 40% Increase

Days on Market: A sharp increase in the average days on market suggests a slower pace, providing buyers more time to make their decisions in this desirable area.

 

Total Inventory: The growth in inventory offers a wider selection for homebuyers, reflecting a healthy market in 12 South.

 

Pricing Trends: The significant rise in both average and median sale prices highlights the lasting appeal of the 12 South neighborhood's offerings.

 

The data from Q1 2024 underscores the dynamism of the 12 South real estate market, as it continues to draw interest with its unique combination of residential charm and urban convenience. For those seeking a neighborhood that embodies the spirit of Nashville, 12 South stands out as a toplocation for a vibrant Nashville life.

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April 8, 2024

The Gulch Nashville Real Estate Market Update - Q1 2024

 

Gulch Nashville Real Estate Q1 2024 Market Report

The Gulch Nashville Real Estate Market Update - Q1 2024
Nashville, TN / USA - (last modified April 8, 2024 at 6:00am )

 

The first quarter of 2024 reveals notable trends in The Gulch's real estate market. With its vibrant streets and upscale amenities, The Gulch continues to attract discerning buyers. Let's review the market's performance, with a focus on the latest year-over-year changes:

Key Metrics at a Glance:

Metric March 2023 March 2024 Year-over-Year Change
New Listings 62 53 15% Decrease
New Under Contract 29 48 66% Increase
Active Inventory (Avg) 83 115 39% Increase
Under Contract Inventory (Avg) 38 59 56% Increase
Total Inventory 121 174 44% Increase
Closings 33 35 6% Increase
Sale Price (Avg) $1,683,058 $1,766,844 5% Increase
Sale Price (Med) $1,525,000 $1,612,500 6% Increase
Avg DOM (Closed) 27 53 95% Increase
Avg List Price (Active) $2,331,143 $2,421,739 4% Increase
List to Contract (Avg) 49 65 34% Increase
Contract to Closed (Avg) 38 32 16% Decrease
List to Closed (Avg) 87 118 36% Increase
Months of Supply 3.27 4.51 38% Increase

Days on Market: The average days on market (DOM) have nearly doubled since last year, suggesting a shift towards a market where buyers are taking more time in their decision-making process.

 

Total Inventory: An increase in total inventory provides potential buyers with a wider selection of properties, a boon for those seeking to invest in The Gulch's lively environment.

 

Pricing Trends: Sale prices continue to climb, indicating the high demand for luxury living within this sought-after Nashville neighborhood.

 

As the curtains close on the first quarter of 2024, The Gulch continues to stand out in Nashville's real estate scene, reflecting the vibrant pulse of the city. It's a place where the past meets the present, where industrial architecture houses modern luxury, and the streets tell stories of music and art. The Gulch's real estate market, with its steady growth, is a clear indicator of its unwavering appeal and the promise it holds for the future.

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April 5, 2024

Investing in Luxury Condos in Nashville: Why Now is the Perfect Time

505 Condominiums Nashville

Investing in Luxury Condos in Nashville: Why Now is the Perfect Time
Nashville, TN / USA - (last modified April 5, 2024 at 6:00am )

Nashville, often referred to as the "Music City," is an ever-growing, vibrant city with a robust economy and a burgeoning real estate market. In recent years, luxury condos have become increasingly popular in downtown Nashville and its surrounding neighborhoods, attracting investors and homebuyers alike. Let's delve into why investing in a luxury condo in Nashville can be a smart move, and how working with a good realtor is key to making a successful investment.

Benefits of Investing in a Luxury Condo in Nashville

Strong Market Growth

Over the past three years, the value of luxury condos in Nashville has been on a steady rise. Despite challenges such as economic fluctuations and a pandemic, the market has proved resilient. Low inventory and high demand mean that these properties not only retain their value but are also more likely to appreciate over time.

 

Ample Amenities

Most luxury condo buildings offer amenities such as gyms, pools, concierge services, and private parking, which can be highly appealing to potential tenants or buyers. These features also contribute to the property's long-term value.

505 condos nashville pool

Strategic Locations

Luxury condos in Nashville are often located in prime areas, close to business districts, entertainment venues, and cultural landmarks. This is particularly beneficial for investors looking for high rental yields.

1210 laurel the gulch nashville

Diverse Choices

Whether you are drawn to iconic downtown skyscrapers like the 505 and the Viridian or prefer the new Residencies at Broadwest building, Nashville has a luxury condo to fit your investment strategy. Here's a quick snapshot of some of the most sought-after buildings:

Downtown:

  • The 505: Known for its sleek design and panoramic views.
  • The Viridian: Offers top-notch amenities like a rooftop pool.
  • The Cumberland: Renowned for its historic architecture yet modern interior.
  • The Residencies at the Four Seasons: A new addition offering unparalleled luxury.

The Gulch:

  • 1212 Laurel Street: Modern design with close proximity to shops and restaurants.

Rutledge Hill:

  • City Lights: Offers large balconies and a community rooftop terrace.

Downtown Nashville luxury condos

The Importance of a Good Realtor

Having access to a realtor who has comprehensive data from the MLS (Multiple Listing Service) is invaluable when investing in luxury real estate. They can provide insights into market trends, property histories, and neighborhood comparisons that you can't easily find on your own.

In Conclusion

The Nashville luxury condo market offers a variety of options, whether you're a first-time investor or looking to expand your portfolio. Buildings like the 505, the Viridian, the Cumberland, the new Residencies at Broadwest, 1212 Laurel Street in the Gulch, the residences at the Four Seasons, and City Lights in the Rutledge area are all solid choices for investment. The low inventory coupled with high demand makes for an enticing opportunity.

To navigate this complex yet rewarding landscape, the guidance of a seasoned realtor can be your most valuable asset. With their expertise and access to comprehensive MLS data, you're better equipped to make an informed decision that could pay off handsomely in the long run.

So, if you're considering investing in Nashville's luxury condo market, now is an opportune time. The key to unlocking the perfect investment lies in the perfect partnership with the right realtor.

 

 

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