Nashville Real Estate Blog - Blog Archive: January, 2013

information relating to real estate in Nashville Tennessee

Nashville Real Estate Blog - Blog Archive: January, 2013 Close
Page Summary

January 2013

Found 13 blog entries for January 2013.

If you're a fan of country music then the CMA Music Festival will need no introduction and you've probably already factored it in as one of the reasons for your pending relocation to Music City. If, however, the CMA Festival means nothing to you then we should take a few minutes to explain.

Every year since 1972 the month of June sees the CMA (Country Music Association) Festival take place in Nashville and it has grown in leaps and bounds over the years. Now each year you can expect upwards of 400 different celebrities and artists to attend and either do autograph signings, performances or a mixture of both. Over the 4 days of the CMA festival you can expect to see hopeful new acts and the seasoned stars of the country music circuit all competing for

1,708 Views, 0 Comments

You're already well aware that Nashville is famous for it's country music and that same music industry is responsible for pumping billions of dollars into the city's economy each year. The cultural beat of Nashville goes way beyond just the country music scene, even though that is at the heart of the city itself. Nashville enjoys a cultural diversity due in no small part to the vibrant music scene of the city but this diversity has seen Nashville rank #4 in the United States for its overall cultural vitality.

So what else can Nashville offer any lover of the arts?

The Tennessee Performing Arts Center deserves to get a special mention here because of its sheer size (with three theaters and taking up an entire city block) and the fact that it acts as

2,332 Views, 0 Comments

It's very easy to make claims about how great a place your city is to live in but it's much harder to back that up with facts. In the case of Nashville this is no problem as it has been consistently voted in the Top 100 places to live in the United States for many reasons, some of which we're going to go through now.

Firstly the city has a thriving economy due to the fact that health care, car manufacturing and music provide hundreds of thousands of jobs for Nashville locals and pour tens of billions of dollars each year into the city's economy. This means that finding employment is rarely a problem and the low cost of living in Nashville is continually attracting major new companies to the city.

In terms of the cost of living Nashville has an awful

1,591 Views, 0 Comments

About a year ago, a national sports design firm identified three plausible sites to build a new baseball stadium for the Nashville Sounds to call home, as well as serve as a potential stream of income that’d help fortify local economy.

Unfortunately, no discussions or follow-ups have been made since then, leading to rumors that neither the administration of Mayor Karl Dean nor the Nashville Sounds are keen on the development.

According to inside sources quoted by local media, both parties claim that they’re waiting for the other to take the first step before taking matters further. Moreover, the Sounds have recently engaged in discussions pertaining to the extension of their lease at the Greer Stadium, which has led many to think that building a new

4,990 Views, 0 Comments

Rumors surrounding Hollywood celebs come and go like the wind, but this latest one (if indeed true) will certainly catch the interest of Nashville residents. According to Real Estalker – a website dedicated to reporting the latest news and gossip on celebrities – A-list actor Johnny Depp may be the man behind the recent purchase of a massive 19-room Mansion within Music City.

Although the “Pirates of the Caribbean” franchise star hasn’t been identified as the true owner of the luxury property, information on the residential work-of-art was gathered anyway. The house was listed for $17.5 million, but Mr. Depp reportedly managed to purchase it for a lot less.

The residence itself measures a total of 19,000 square feet, and features four bedrooms, seven

7,232 Views, 0 Comments

As part of Nashville’s move to preserve undeveloped land for a cleaner and greener future, Music City officials are reportedly in the process of purchasing 600 acres of green space for a new park in Donelson. According to recent news reports, the acquisition of the land will cost a total of $8.2 million.

Despite the fact that city property records show that the land was appraised at $795,701 last year, Metro Finance Director Rich Riebeling says that these figures reflected its status as undeveloped or agricultural land (instead of its actual market value.)

The office of Nashville Mayor Karl Dean says that legislation to purchase the farm land, which is situated next to Stones River, was filed with the Metro Council last Friday. Sources say that Metro

2,000 Views, 0 Comments

The Nashville real estate market has taken its fair share of beatings over the past few years. But this year, the local industry has shifted towards a more positive direction, as sales have largely increased in comparison to 2011.

According to the most recently available statistics, November 2012 sales bumped up by 38 percent in comparison to last year. Moreover, the city experienced a 27 percent increase for the first eleven months of 2012 compared to the previous year. In addition, even pending home sales are showing notable increases, with an additional 412 more dwellings pending than November 2011.

Experts within Nashville market point out that the local inventory continues to fall. As a matter of fact, research show that the current number of

1,855 Views, 0 Comments

Nashville In The New York Times

Nashville TN has had another article wriiten about it in it's the New York times again!

This really is pushing the city to the forefront of the nations mind. Just recently it was decribed as one of the top 5 cities to visit and now the NY Times article! Here is a selection and a link to the full article. 

Shawn Poynter for The New York Times

NASHVILLE — Portland knows the feeling. Austin had it once, too. So did Dallas. Even Las Vegas enjoyed a brief moment as the nation’s “it” city.

Now, it’s Nashville’s turn.

Here in a city once embarrassed by its Grand Ole Opry roots, a place that sat on the sidelines while its Southern sisters boomed economically, it is hard to find a resident who does not break

7,185 Views, 0 Comments

Prospective home buyers with a tight budget looking for residences in East Nashville would find the more affordable options around Gallatin Road close to Ellington Parkway and north of Eastland Avenue. There’s a surge of redevelopment in these neighborhoods which are on track to follow the renaissance of their nearby East Nashville communities like Edgefield and Lockeland Springs where homes’ per square footage are now selling for as high as $170.

Realtors and homeowners have joined to promote this area described as the affordable but forgotten side of East Nashville. They recently hosted an open house to showcase eight available residences for sale. The starting prices of these homes range from the $100s to the $200s. An offering at the lower end

2,429 Views, 0 Comments

One of Cool Springs’ in-demand and undeveloped land areas is no longer available in the market. 

The 145-acre property, called Pickering, was purchased by SouthStar LLC. Situated in Franklin’s Interstate 65 passage, the site is considered the largest undeveloped family-owned real estate in the area. McArthur Sanders Real Estate President, Tom McArthur Jr., took care of the transaction and confirmed that the property was sold for $25M. 

McArthur mentioned that there had been significant interest in property in the Southeast and that they had received a number of calls about the property. 

The SouthStar’s offer was the highest for the land. McArthur stated how remarkable it was for the buyer to come up with the financing in 120 days in order to

2,582 Views, 0 Comments