The average price per square foot in Nashville Tennessee for May 2012 was $103. This was down 14.2% when compared to May 2011. The median sale price of homes the period starting February 2012 and ending April 2012 was $142,500 for 409 home sales. This was down 5% from the previous year, which comes to being a total of $7,500 lower. This is most likely due to the huge drop in home sales, which decreased by a whopping 72.8%. There are currently a lot of homes on the market, though, with the total being 3,935, so there certainly is no shortage of homes available for purchase.

For the week that ended on June 6th, 2012, the average listing price for a home for sale in Nashville, Tennessee was $316,626. This was one-tenth of a percent higher than the

Jarrod had another busy week in real estate with both buyers and sellers.
He showed investment and commercial property to a referral client in Nashville and Old Hickory, then showed homes to four different TAREG clients in Fairview, Hendersonville, Nashville, Spring Hill and Hermitage in addition to showing another referral client some  Hendersonville TN homes

Jarrod is also negotiating a contract on a foreclosure in Spring Hill and is writing an offer today in Donelson.

On the listing front he had a home inspection done on his listing in Hendersonville and is on track to close the beginning of April. He also has a new listing coming on the market in Hendersonville next week and one getting ready in Goodlettsville that should be available in April.

Here is an intersting report that talks about real estate foreclsoures across the USA not just in Nashville TN. As usual with statistics there is some reading between the lines and there is talk of a second wave of foreclosures coming on the market soon.

What the report doesn't mention that there id definately a renewed level of real estate activity in Nashville. It's as if the country as a whole is on the same bio rythmn and the thought of buying a home in Nashville, which has been in the minds of many people, seems to have become a definate possibility recently.

With the buyers market publicity and all the talk about historically low interest rates people seem to have collectively realised that this is a great time to buy a home! After a while

Jarrod had another busy week in helping buyers and sellers with Nashvillereal estate. 

He had a closing Friday on a HUD home in Ashland City, which is just to the north east of Nashville TN,  and he also wrote an accepted offer on a foreclosed home.

In addition Jarrod wrote an offer with an out of town client in Greenbrier that just got accepted and to top it off he just listed a short sale in Antioch.

In the past couple of years the term "foreclosure" has actually become a buzz word for buyers who are looking for great deals. Once upon a time the word foreclosure brought up visions of homes that had been abandonded and had fallen into disrepair and generally were avoided by homes buyers as they were seen as taking on someone elses problems. 

Economic Downturn

With the recent downturn in the economy, we have seen the perception of foreclosed homes change altogether. The description has almost become a buzz word for buyers who are looking for a great home and a fantastic price. It's become clear that the banks do not want to be in the property management business so the appear to be willing to offload their inventory of homes with unpaid

November 16, 2010--A new survey conducted by Relocation.com finds that 75 percent of Americans believe the most important factor in determining a neighborhood's safety is the up-keep of surrounding homes, especially the conditions of the front lawns, which trumps even Googling neighborhood statistics to get a feel for a community.

This is taken from the story by Relocation.com and in reality just reinforces what we all know. That if a neighborhood is well maintained and the homes are all seen to well kept and attractive then it will attract buyers. Buyers do want to get good deals but they also want to live in an environment that they will be happy with. It is clear that some subdivisions may represent better value on paper, but the higher number of

As the real estate market in the USA and the world in general feels the after effects of the global economic downturn the number of home that have been foreclosed on continues to impact the real estate markets. As the bank owned property comes on to the market the perceptions of the buyers is that these homes represent good value and that the banks are really wanting to get the inventory off their books.

Lowball Offers

The number of homes on the market and the perception of the banks willingness to deal with any offer has led to a number of lowball offers from buyers that have actually been accepted by the bank. This then effects the foreclosure market in a number of ways both direct and indirect. The downward pressure on the real estate market as a