Nashville Real Estate Blog - Blog Archive: August, 2012

information relating to real estate in Nashville Tennessee

Nashville Real Estate Blog - Blog Archive: August, 2012 Close
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August 2012

Found 14 blog entries for August 2012.

How to keep your “Buyers” Home Insurance Premium low:

  • Buy New(er) or Renovated Homes. Age of home is a crucial factor in the pricing. New homes tend to get the best pricing. However, older homes can have low premiums too. If your client is looking for something vintage or a quality ranch, make sure the Roof, HVAC, Plumbing, and Electrical have been updated.
  • Get quotes sooner than later…the longer you wait, the higher the premium (by 10% in some cases). Many companies offer an “early shopper” discount for Insured’s who are responsible enough to get quotes 10 -30 days in advance of their closing.***TIP: Refer to us after you have submitted the contact to the Title Co/Bank
  • Zip Code matters…some companies look at both what city you are
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Ask anyone living or working in East Nashville and they will tell you that right now, this is one HOT area – and no, we’re not just talking about the temperature outside. We’re talking about real estate conditions, where prices are rising, inventory is down, down, down, and where buyers once again have to compete for the properties they want.

For years, the Cleveland Park neighborhood in East Nashville has been overlooked, but now it seems that times are changing. Smart buyers are quickly realizing that the neighborhood is one of the best places in the city to snap up attractive homes at affordable prices. The area’s rich mix of freshly renovated, historic homes and modern developments, and its close proximity to many of the major attractions in

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Home sales in the Nashville area have increased by an astonishing 27.4% over the last month compared to one year ago, in the strongest sign yet that local real estate markets are on the road to recovery.

The report, which comes from the Greater Nashville Association of Realtors, said that a total of 2,754 homes were sold in Nashville in July, compared to 2,021 homes in July 2011. This figure represents the highest number of homes sold in one month in Nashville since June 2008.

Kendra Cooke, president of the Greater Nashville Association of Realtors, said that the increase in July home sales is a reflection of the sustained growth being experienced by Greater Nashville's real estate market in 2012:

“We’re fortunate enough to be seen continued

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Both residents of Nashville and its visitors will agree that traffic congestion in the city can get  frustrating, particularly throughout rush hour.

The traffic of Nashville is known in history. To illustrate, the musical black comedy film Nashville by Robert Altman starts off with a typical traffic jam of the city. On the other hand, alternative rock music band The Bellyachers composed a road song entitled “We Blamed Nashville.” Another musical group of three female singers hailing from Nashville is called Traffic Jam.

Three major interstates all converge at one point by Cumberland River, in downtown Nashville. A single car crash can already halt almost a third of commuters. Triple that and the entire city suffers a complete gridlock.

With steps

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A developer in Nashville has announced plans to construct a 110,000 ft.², seven story office building at the city's Green Hillssite, having previously won planning approval for smaller building at the vacant site.

The new concept will be considered by Nashville planning commissioners on September 27. The plans, submitted by EP Real Estate Fund L.P., were put on ice at a previous meeting of the commissioners this month.

EP Real Estate Fund L.P., has already made a number of investments in commercial real estate in Nashville, and is also planning to construct a 120,000 ft.² parking structure at the vacant lot on the corner of Burton Hills Boulevard and Hillsboro Pike. Previously, the investment fund had had a plan accepted or a four-storey, 54,000 ft.²

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The Nashville skyline is already pretty notorious for its unusually shaped buildings, but if the local property developer gets his way, the cityscape will soon have its most distinctive shape yet.

Travis Kelty, owner and president of Impakt Real Estate, is envisaging building an acoustic guitar shaped skyscraper that will tower over the city and will serve as an iconic landmark in the USA’s much-loved capital of music.

“I came up with the idea a few years ago,” said Kelty. “I went out and bought a guitar for my wife, and when I flipped it onto its side, I looked at it and I thought ‘that would make a fantastic building!’”.

The guitar shaped skyscraper, which is still in the planning stage, would include space for offices, restaurants and residents.

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Real estate experts in Nashville say that the local market is being held back is being by the so-called ‘shadow inventory’ of unoccupied bank-owned homes that have yet to go on the market.

The latest report from the Greater Nashville Association of Realtors shows that home sales in the area jumped by 26% last July, while median prices are also on the rise, standing at $181,250 - up by $1,350 from July 2011.

What with prices on the rise, and available properties been snapped up at an ever faster rate, Nashville realtors are now worried that inventory could become a problem in the city. According to Kendra Cooke, president of the GNAR, available inventory in the area has dropped by 16% in the last 12 months, leading to just seven months overall supply.

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Widely recognized as a center of the music industry, Nashville is given the nickname “Music City.” But 200 years ago, none of the residents knew that they were establishing an industry that would be synonymous with the city: one of the first hymnals was produced by a Nashville company; a native composed a popular Civil War song; and a cappella ensemble Fisk Jubilee Singers successfully toured Europe in 1871.

They were humble beginnings. Significant prosperity really began when radio was generally embraced as medium for communication in the 1920s. WSM radio station was set up by a local insurance company, National Life & Accident Insurance, for its own promotion alongside public service. Later in 1925, the station’s Saturday night “barn dance” became the

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Nashville Public Library Presents Courtyard Concerts    August 14 through October 9 11:45 a.m. to 1:00 p.m.   Free concerts in the courtyard at the downtown Nashville Public Library 615 Church Street
  August 14  The WannaBeatles  (Beatles Tribute)
August 2 
James "Nick" Nixon 
  August 28 
Gypsy Hombres
(Gypsy Jazz/ Swing)  
September 4
Radio Daze
(Big Band, Dance)  
    September 11 Riders in the Sky 
(America's Favorite Cowboys)
  September 18 
Sara Sant’Ambrogio  
(Classical Cellist)
   September 25
The SteelDrivers 
  October 2 
Rachel Rodriguez 
(Latin)   October 9
Jason D. Williams 
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The features found all over Nashville is what makes it live up to its nickname “Music City.”

Grand Ole Opry, 2802 Opryland Drive

Since 1974, the 4,400-seat Grand Ole Opry House has been hosting the Opry – the world’s longest running live radio program featuring country music – in the Opryland complex. Every week, the broadcast showcases the biggest stars of the genre, both show regulars and guest musicians. You can chance upon Kelli Pickler, Diamond Rio, Charlie Daniels, and more.

Ryman Auditorium, 116 5th Avenue North

This building has its historical roots in 1943 as a place of worship and former home to the Grand Ole Opry. The Ryman managed to avoid demolition, after the Opry transferred away in 1974, and was renovated back to operation 20 years

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