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Nashville Real Estate – June 2020

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Nashville luxury homeNashville 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

Spring Hill TN Homes – April 2019

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Spring Hill TN HomeSpring Hill TN Home Sales – This update is for Williamson County side of Spring Hill, the Maury county side has totally different market trends. Sales are still strong with 50 closings for the month of March compared to 62 last year. For anyone who’s been looking for a home, you know that the amount of homes on the market that’s not under construction is very low, and it’s reflected in the amount of homes sold. The trend toward larger and more expensive homes is the prevailing trend here with the average size of homes sold increasing 10.5% to 2743 square feet,and the average price increased 19% to $419,531

  • The average price of Spring Hill homes sold was up 19% to $419,531 compared to $$352,044 for March of 2018
  • 50 homes sold in March of 2019 compared to 62 homes sold in March of 2018
  • The list price to sales price ratio of sold homes was 100% for the month
  • 166 Spring Hill TN homes are currently listed in the Nashville MLS as available for purchase, but most are still under construction
  • 116 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 March was $154 compared to $144 for the same period last year, an increase of 6.9%

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 $153 per square foot compared to $203 in Franklin.

Search for Spring Hill 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.
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119 Abbeywood Dr. Nashville, TN 37215

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This home is sold

New Features of the Complete Overhaul of 119 Abbeywood Dr. Nashville, TN 37215 in Green Hills!
– Encapsulated Crawlspace with Dehumidifier w/ wireless Humidistat
– Sand/finish Hardwood floors main level (final coat next week)
– New hardwood on second level
– New Front Door and Front Door Pediment
– New Landscaping and Mailbox
– New cabinets throughout including island
– New casement Kitchen window cleaned by the commercial kitchen cleaning
– New Carrara and Quartz countertops
– Total master suite redesign including new bath layout and creation of sitting room
– New Built-ins in master and pantry
– New wire shelving throughout
– New bathrooms with installation warranty from this a local affordable plumbing service
– New light fixtures including the addition of 25 can lights
– Trim package upgrade
– New kitchen backsplash, refrigeration and appliances
– Ship-lap siding in living and master bath
– New laundry area: New Concrete floors thanks to the upgrade done by Concrete Staining Nashville
– Vintage wood accents in sitting area at fireplace and shelving in butler’s pantry
– New water heater
– Whole house painted, inside and out
– Upstairs closet door changed from sliding to double doors
– 2nd closet added in master sitting room for him
– Closets of bonus finished for seasonal storage option
– Main staircase rebuilt from narrow carpeted treads to wide oak treads

Mansion Monday – 16,050 sft Belle Meade 2 Acre Estate, World Class Luxury

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[idx-listing mlsnumber=”1657033″ showall=”true”]

 

“625 Westview Avenue Nashville, Tennessee 37205 A Luxury Belle Meade Estate Inspired by Italian Classicism and demonstrating the application of Mediterranean style to a well-developed residential scheme.  Construction completed in 2009 by builder Hugh Smalley. Architect Ron Farris. 16,050 Square Feet of extraordinary craftsmanship, materials and architecture. 3 kitchens, 10,000 bottle wine cellar, 8 bedroom suites and private guest quarters”

Would You Live in a Shipping Container (Repost)

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dwell.com

(This is a repost from Jan 7, 2013)

Have you heard of this?  People are repurposing shipping containers for alternative housing.  Several years ago I heard that people were doing this in desert, war-torn regions in the middle east, but for those people it was a matter of functionality and using something that was littering the landscape in abundance.

Today though, people all over the world are using shipping containers for offices, homes and for architectural detail.  Shipping container homes present a lot of benefits and some challenges.

I can’t “contain” my joy!

These homes are naturally green because they have very little construction waste.  The containers are usually pre-fitted together off site, placed on a concrete foundation and then finished on site.  Also, they are easy to insulate with spray foam insulation that has a High R-value.

Plus a shipping container home can be pre-fitted and installed in about a month, where site-built construction of a home can take 3 – 6 months and for the moving the East Brunswick movers are reliable and trustworthy!  Still, one of the coolest benefits is that the shipping containers that make up the home can be engineered and secured to the ground in such a way that the entire structure is a storm shelter.

Let’s get real for second.

Obviously this is a “cool” idea, but how realistic is building a house out of a shipping container?  Well the average shipping container will cost somewhere between $2000 – $6000 depending on where you live and (ironically) shipping costs.  Pre-fitting (off-site), installation and finishing is the game changer.

When you first move into a home, these updates and upgrades might be for your personal purposes, but there are some things you can do that will actually improve the value of your home should you decide to re-sell in the future like hiring home electrical repair services. The best updates you can make to your home are functional ones. While it is great to make everything look good, when you give your home functional updates you get a bit of added practicality out of your work—and this is good for your home and your lifestyle.

Architectural firms and contractors will vary in price because these projects are still highly custom and because nobody likes to lose money you can’t really get a builder to nail down a price.  As it stands right now the cost of putting together an average sized shipping container home (4 containers), not including the land, is too much of a moving target to say whether or not this is a smart financial choice.

That said, this lady got her “dream home” with a budget of about $150,000 – “My Shipping Container Dream Home” – CNN Money.

Shipping Containers + Nashville = ?

So basically living in a shipping container isn’t as easy as one would hope, but in my mind that means one thing:  The US market is wide-open for a company that will offer pre-fab shipping container floor plans constructed at a fixed price.  The question is whether or not the demand exists.

I think if you hit the urban markets with a high density of single professionals or young professional couples with no children (or young children) you would have a good chance of being successful.  Also you need a city that is dedicated to taking risks and making some noise.  Nashville seems to me like the perfect place.

And just because I love you here is a little about shipping containers from Bob Vila’s website, Home Sweet Container.

Would you live in a shipping container?