Nashville Real Estate Blog - Blog Archive: January, 2016

information relating to real estate in Nashville Tennessee

Nashville Real Estate Blog - Blog Archive: January, 2016 Close
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January 2016

Found 4 blog entries for January 2016.

Nashville Home Buyers

When dealing with the real estate industry in general, chances are you’ve heard the phrase “location, location, location” at one point or another. For some home buyers, it’s a catchphrase that will almost completely define their entire home buying experience, opting for a Nashville home, condo, or townhome that has a “perfect” location over anything else.

But as time goes on, things change, people change, and that tired old real estate mantra ‘location, location, location’ seemingly has more meanings than ever. Over the last couple years, chatter about Millennials playing a big role in the real estate market has gotten louder and louder, and now as many are finally starting to make that transition from renting to owning, new trends in housing are

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Eastwood Neighborhood Nashville

Lots of Nashville neighborhoods are attractive, desirable, and a great place to consider during your home search. But whether it’s affordability, walkability, or a close proximity to any number of neighborhood amenities and attractions, some locations are of course more highly sought after than others. 

In its annual ‘Hottest Neighborhoods in the Country’ list, Redfin has predicated Eastwood to be the second hottest neighborhood in the nation, which considers increased activity on its website to determine rankings. 

Located in East Nashville, Eastwood has certainly been on the radar of all kinds of local home buyers and investors, with home sales and development both on the rise in the area. Largely residential, residents and existing home

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2015 Closings in Nashville

By now, we’ve all heard that 2015 was a tremendous year for the Nashville real estate market, with both home sales and home values both seeing increases (which quite possibly could still be on the rise by the way). But looking back, just how good was the last 12 months or so for real estate in Nashville? Well, by taking a closer look at the spike in closings from 2014 to 2015, the picture should become a bit more clear.

According to the Greater Nashville Association of Realtors®, December alone saw nearly 3,200 closings, a number that’s up 12.5% from 2,838 closings in December 2014. Consequently, the strong month helped boost Fourth quarter numbers overall, with closings up 3.5% compared to the last three months in 2014.

Year to date, 2015 saw just

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Nashville Real Estate Market Stats

For many segments of the Nashville real estate market, 2015 really was a tremendous year. But just how good of a year was it? Well, now that all the final numbers are in and we can take a look back at the year that was, the one key stat that stands out most is that home sales were as high as they’ve been in just under a decade.

According to reports, the Nashville area saw 36,873 closings in 2015, a number that’s up nearly 11% compared to 2014, and easily the most homes sold in our market since 2006.

Despite the holiday season usually bringing a slowdown, December was also a very strong month for the local market, which saw 3,194 closings alone. The median home price for both single-family homes and condos sold in December was also up, with the median

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