East Nashville is one of the most highly sought after communities in the metro Nashville area. The historic charm, proximity to downtown Nashville and the vibrant creative culture, makes East Nashville one of the most progressive and adventurous places to live in all of Middle Tennessee. People from all over come to Nashville for creative opportunities and they already know and ask about East Nashville. It’s a very popular place to live and for good reason.
East Nashville is thought of as the historic area east of the Cumberland River from downtown Nashville. I’m taking a broad approach to East Nashville for the purposes of analyzing the data from 2012 and 2013. The boundaries I have set for East Nashville are Dickerson Rd (West), Briley Pkwy (North), Cumberland River (East, South). East Nashville according to these boundaries contains many more specific communities like Lockeland Springs, Eastwood Neighboors, Historic East End, Cleveland Park and Inglewood. East Nashville is also home to many of Nashville’s best restaurants. If you are in the area you have to make a trip to Holland House (my personal favorite), Mas Tacos or the Pharmacy. Also don’t miss the historic Five Points district the Eastland Ave. area for more dining options. Or you could just buy a house over there and walk a few blocks to eat and hang out. Up to you!
In 2013 the East Nashville community saw tremendous increase in property values on average and turnover in homes sold. Two key stats from 2013:
2,155 Homes Sold in Green Hills in 2013 (Up 123% from 965 in 2012) – YOU READ THAT CORRECT
Average Home Sale Price Increased 9% (from $165K in 2012 to $180K in 2013)
The maximum home sale in East Nashville in 2013 was a 7 bed, 6 bath, 5,000 sft single family home that sold for $710,000. That maximum sale value had no change from 2012 ($710,000).
Some other interesting stats for Green Hills in 2013:
Minimum Sales Price – $12,00 (676 sft Tear Down)
Average Days on Market – 61 Days
Median Square Footage, Beds and Baths – 1,463 sft, 3 beds, 2.5 baths
The increase in home sales in 2013 compared to 2012 is directly related to the infill projects that are occurring at record pace in East Nashville. Cleveland Park (the neighborhood west of Ellington Parkway near Cleveland Ave.) has been a hot spot for infill developers that are buying and renovating or buying, tearing down and rebuilding. Demand for this area will continue to increase as the city grows in population. For more information about this Nashville community reach out to me or you can view current homes for sale in East Nashville here.