Nashville Real Estate Blog - Blog Archive: April, 2017

information relating to real estate in Nashville Tennessee

Nashville Real Estate Blog - Blog Archive: April, 2017 Close
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April 2017

Found 8 blog entries for April 2017.

With more first-time home buyers finally entering the market place and more people also moving to the Nashville area than seemingly ever before, it sometimes feels as if affordable condos are getting harder and harder to find by the day, especially in some of Middle Tennessee’s more desirable neighborhoods and communities.

As for where those are, we’ll let you decide. 

While the term “affordable” is subjective and generally has a different meaning for every individual buyer out there, the median condo price in Nashville was just recently recorded at $199,900, which is up from $181,894 compared to only a year ago. 

When factoring in the new construction element, it’s also important to note that buyers will also be facing a premium in most

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Jointly Owned Vacation Home Having a vacation home in the mountains, by the lake, along a lake, or at a prime resort location is the dream that many homeowners have. Yet paying and maintaining a second house can be tough financially. For some people, they find that they can save money by having another person go in on the vacation home purchase deal.

By jointly owning the vacation house, also called fractional homeownership, each party pays a percentage of the home's mortgage loan, property taxes, homeowners insurance, and maintenance upkeep. Oftentimes, fractional ownership agreements happen between close relatives, in-laws, or friends who a part of the co-ownership. There may also be more than one additional party involved with the purchase, as it's possible to share

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The Nashville real estate market continued its hot streak in March as recently released data fro the Greater Nashville Realtors revealed an 8.9% jump in home sales back in March. 

First reported by the Nashville Business Journal, the Nashville area saw 3,420 closings last month, which is up from 3,141 closing in March of 2016. 

Home prices last month also skyrocketed, increase by 11.6% from a median price of $245,000 last year to $273,500 this year. Condo prices also saw a similar gain, jumping by 9.9% year-over-year from $181,894 to $199,900. 

As you might expect, homes for sale in Nashville are also selling much faster this year, with the average days on market dropping from 64 days in March of 2016 down to just 50 days last month. 

And with

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Solo East Condos NashvilleSales at the new Solo East condo development have been red hot in recent weeks, and the Ashton Real Estate Group was even pleased to have a few very special guests on-hand to attend the recent ribbon cutting ceremony, which marked the official opening of this dynamic new complex. 

Among those in attendance were Bruce McNeilage and Rachael Franks of Harpeth Development LLC, and even the Mayor of Nashville, Megan Barry, was there to welcome Nashville’s newest condo community to the downtown landscape. 

It was also our pleasure to welcome Tennessee Titans star Jurrell Casey and the beloved mascot of the Titans, Tagger The Bear, to this special event, which by all accounts was a huge success. 

Solo East is located at 1118 Litton Avenue on a rapidly

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Knowing When to Buy a Home You've heard it all before: The time to buy is now. It doesn't matter what the real estate market is like. Real estate agents and lenders will almost always tell you that the future is unknown and that there's no better time than right now to buy. It's actually probably always true.

The problem is this: When demand is high and supply is low, your dream home may be hard to find. In that case, what do you do?

It might not be the advice you want to hear, but the best advice may be to adjust your dream. It's not necessary to give up on it, but it may be wise to find an alternative path to make that dream a reality.

Remodel Old and Frumpy Homes

An older home in a good neighborhood, even if it has not yet been updated, can be a great value.

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Cottage Park East NashvilleEast Nashville continues to develop into one of the hottest places in town to call home, and if you’re an active home buyer out there who’s specifically looking for new construction, a brand new community in the works now provides a few more options to consider when looking for your new dream home. 

Dubbed Cottage Park, this fabulous new housing development is innovative, creative, and thoughtfully designed with today’s modern home buyers in mind most. The layout of Cottage Park has more of an urban neighborhood element to it, which blends in perfectly with the trendy and eclectic vibe of the surrounding East Nashville area. In addition, Cottage Park is also only a short drive from other vibrant parts of Nashville, including Germantown and even the

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buying antique homes and what home buyers need to know Are you drawn to the romance of a historic house? A home that's more than 100 years old certainly come with lots of built-in interest: Authentic period details, miles of hardwood flooring, and original woodwork come to mind. It's easy to become smitten with an older beauty.

In the case of an antique home, it's can be wise to look before you leap. As with any real estate purchase, buyers ought to have a professional home inspector take a thorough look at the house and report his findings. They'll know when something is amiss and can give valuable insight on which aspects of the house are solid—and what needs to be replaced sooner rather than later. Buyers also need to work with their real estate agent to learn more about any covenants or

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Nashville Real Estate Market Update: March 2017The spring season is traditionally when the U.S. housing market really starts picking up steam, and that certainly seemed to be the case last month in Nashville, when more home buyers appeared to be out in full force. According to new data from the Greater Nashville Association of Realtors, the Nashville area real estate market recorded 3,420 closings last month, which is up significantly from 3,141 closings in March of 2016. 

In addition to the spike in sales volume, both home and condo prices in Nashville last month were also on the rise, further confirming Nashville truly is one of the hottest markets in the country right now with no signs of a slowdown coming anytime soon. 

The median price for a single-family home in Nashville increased by

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