Condo or house? Where’s the sweetest deals in Nashville? How about a Valentine’s date? We discuss it all in this week’s Nashville NABor Reports.
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Market Conditions
The 2010 market in Nashville saw an average sales price increase, while units decreased. The following is an analysis of the following cities in our region and how they compare with the Nashville market. Cities include Louisville, Kentucky; Charlotte, North Carolina; Huntsville, Alabama; Knoxville, Chattanooga, Memphis, Tennessee; Indianapolis, Indiana; and, St. Louis, Missouri.
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Brentwood, Tennessee has long been known as the Nashville area’s most costly area. The average annual sales prices over the past 10 years have easily been two to three times more than the area’s mean. In 2010, while Franklin and Nashville price increased, Brentwood took another dip down, making it even a better opportunity to [...]
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Nashville’s housing market is potentially in its recovery according to 2010′s closing statistics*. A 10-year historic analysis shows the there is a 28% difference from the 10 year market’s lowest price and highest price. In the recent market, the height of the market hit its peak in 2007 with an average sales price of $228,714.
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Realtor Magazine’s “Residential Market Outlook” leaves us all optimistic. While there are no promises of huge leaps and bounds into an amazing financial situation in the US, experts predict a growth from 4.8 million dollars in existing residential sales to 5.2 million. That’s enough of an increase to notice a difference. Good news for buyers is that prices are not slated to increase much.
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2010 was certainly a head-scratching year for many sellers and agents. If we all only had a crystal ball, life would be so much easier. Here’s the fact on the most mis-priced zip codes in the 2010 marketplace. Davidson County’s more than 25 zip codes were measured by creating the list to sales price percentage [...]
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Analyzing Davidson County’s 25+ zip codes and where homes sold in 2010 based on list price to sale price percentage/ratio, the results may be most shocking. Nashville’s two zip codes which represent homeowners with the highest education level (according to the U.S. Census data) came in dead last (that blog will be released soon).
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