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Nashville Real Estate – June 2020

June 21, 2020 by larryb Leave a Comment

Nashville homes for sale – The virus still has some impact on home sales at this point with the number of closings in May down 15% compared to May of 2019, however the median price of homes sold was up year over year by 3.5% to $329,900.

- 2759 homes closed during the month of May compared to 2480 in April so sales increased by 11 percent in one month but compared to the same month last year sales of single family homes were down 25%
- 7086 single family homes are currently listed for sale in Nashville compared to 8254 last year, an inventory reduction of 16%
- the median price of Nashville homes sold was $329,900 compared to $318,000 the previous May an increase of 3.5%
- the absorption rate of homes based on May sales and current inventory is still only 3 months

Nashville real estate is in a sellers market with inventory levels still excessively low in most areas.

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Find the value of your Nashville home here Nashville real estate values,

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

Brentwood TN Homes for Sale – June 2020

June 10, 2020 by larryb Leave a Comment

Brentwood TN Homes for sale – June 2020 market update – the virus has kept a lot of potential listings off the market and new construction homes are getting sold before they are finished in most cases. But the impact on closings for the month of May was significant with a 52% reduction in closings. If the market conditions had any impact of the price of homes, the statistics did not show it because the year of year prices were up an average per square foot were up 4%. Pending sales are almost even with available properties so it looks like June will be the opposite of May as far as number of closings are concerned.

48 Brentwood homes sold in the month of May 2020, that’s a 52% reduction compared to the same month in 2019
140 homes are currently under contract waiting to close
166 Brentwood homes are listed in the Nashville MLS as available for purchase
the median size of homes sold was 4227 square feet
the average days on market for homes sold was 27 days
the list price to sales price ratio for homes sold in May was 98.5%

Search for Brentwood TN homes for sale here

Brentwood is located just south of Nashville in Williamson county and is known for low taxes, great schools, and large lots with mature trees. Access to the best shopping and dining in the area at Cool Springs is just minutes away. We have had a shortage of homes in Brentwood and it’s taking a long time for new construction homes to catch up to the demand. If you want a new home in Brentwood, give me a call, I can help you find the right builder and neighborhood to meet your needs.

For the most-up-to-date information on Brentwood TN 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 homes come on the market or price reductions in the Nashville MLS are posted.

Search for Brentwood TN homes for sale here, and call your Brentwood real estate resource Larry Brewer Benchmark realty 615-512-7853

Spring Hill TN Homes for Sale – June 2020

June 7, 2020 by larryb Leave a Comment

Spring Hill TN homes for sale – The Wuhan virus lockdown had to have had a major impact on the real estate market in Spring Hill, but the statistics seem to say that maybe not as much as we think. New construction homes using the local commercial roll off services have been completing fast and are still selling really fast, and they are easy to show, so that makes sense, but resale listings are still not as common as a normal spring.

69 Spring Hill TN homes sold during the month of May an increase of 11% for the same month last year
The average price of homes sold in the Williamson county side of Spring Hill was $401,839 and increase of 14% over last year
The list price to sales price ratio of sold homes was 99.7% for the month
115 Spring Hill TN homes are currently listed in the Nashville MLS as available for purchase, but most are still under construction
161 homes are currently under contract pending sale, most are new homes waiting for completion
the average price per square foot for Spring Hill homes sold during the month of May was $157 compared to $150 for the same period last year, an increase of 4.6%

Investors seem to have backed away from aggressive buying in Spring Hill but prices are still rising, just at a slower pace. Homes in Spring Hill TN are now averaging $157 per square foot compared to $225 in Franklin.

Search for Spring Hill TN homes for sale here.

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For the most-up-to-date information on Spring Hill TN homes, 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 Spring Hill listings come on the market or price reductions in Spring Hill TN homes are posted.

information on this page is based on information on Spring Hill real estate 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.

Franklin Tn Homes for Sale – June 2020

June 5, 2020 by larryb Leave a Comment

Franklin TN homes for sale – The lock down due to the Wuhan virus scare had a large impact on sale of homes in Franklin TN during the month of May where closings were down by 33% compared to the same month last year. Do not be mislead into thinking it had any impact on the prices of homes, because the average price per square foot of homes sold went up 3% to $210. Pending sales are very strong at this point and it looks like the summer will be very active.

- 531 Franklin TN homes are currently listed in the Nashville MLS for purchase at this time
- 189 homes closed during the month of May, down 33% from last year
- 398 homes are currently under contract at this time
- the average sales price for Franklin TN homes sold during the month of May was $609,043 at $210 per square foot
- the list price to sales price ratio for May was 99%

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 are posted.

Franklin TN is located just 20 miles south of downtown Nashville along I-65 in Williamson county. Blessed with a restored historic square and main street, Franklin has a lot of old world charm as well as attractions for those who enjoy fantastic shopping and dining in the Cool Springs area of Franklin. Fortune 500 businesses have also found that the Williamson county tax structure and a highly educated workforce make Franklin a very desirable location. It helps that Williamson county schools are the top ranked schools in the state, and several of the schools are ranked nationally in many publications. Find Franklin TN homes for sale here.

Franklin Homes for Sale – April 2020 Update

April 21, 2020 by larryb Leave a Comment

205 Corey Drive Franklin TN homes for sale – Most of the closings for April were for homes that were under contract before we had any virus concerns, so they were still quite active. Expect a considerable reduction in sales in the next month, but not a reduction in prices. Sellers are not in a hurry to list their homes at this time and most are waiting it out to improve their chances of getting top dollar. Interest rates were very volatile during the end of March and beginning of April, but they are back down to less than 4% for most loans at this time. I understand that loans over $1,000,000 are a little more difficult if you are in that market.

488 Franklin TN homes are currently listed in the Nashville MLS for purchase at this time
201 homes close during the month of March, up slightly over the same month last year at 195
208 homes are currently under contract at this time
the average sales price for Franklin TN homes sold during the month of March was $616,241 at $210 per square foot
the list price to sales price ratio for March was 100%

Search for Franklin TN homes for sale here

Wades Grove Homes – First Quarter 2019 Update

April 16, 2019 by larryb Leave a Comment

Wades Grove Homes for sale – 4 homes closed during the first quarter of 2019 at an average price of $380,475 and increase of 4.9% over the first quarter last year.

The average price per square foot of Wades Grove homes sold during the first quarter of 2019 was $156
the list price to sales price ratio of sold homes was 98.27%
13 homes are under contract at this time
the average days on market for homes sold during the quarter was only 16 days
38 Wades Grove homes are currently listed in the Nashville MLS as available for purchase but only 17 are finished homes.

Wades Grove is a community of all brick homes is Spring Hill Tennessee. Most of the homes currently listed or recently sold are new construction homes built by John Maher, voted the best builder in Spring Hill for many consecutive years. I’ve been buying and selling homes in the community for over 12 years, and I would love to help you save some money either selling or buying in the community.

Williamson county is the leading the country in job creation, so it’s no surprise that home sales are also moving quickly. Spring Hill is a more affordable alternative to Brentwood and Franklin but it still has the benefit of fantastic schools and low property taxes. We expect homes prices to increase in the next 12 months.

Search for Wades Grove homes for sale here or search for Spring Hill homes for sale here