Nashville Real Estate Blog - Nashville Foreclosure Homes

information relating to real estate in Nashville Tennessee

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Nashville Foreclosure Homes

Homes for sale in nashville TN that are being sold by the Bank as a foreclosure

Found 5 blog entries about Nashville Foreclosure Homes.

With the real estate market, bouncing back strong from years past, it's no surprise, foreclosure rates are down in Nashville. This is good news for those needing or wanting to relocate to the area. Far less foreclosures means property values are beginning to rise. It's a good time to buy a home, in the area and it's only going to get better. 

The total drop from January to February of 2013 was nearly 40% and compared to the same time last year over 78% fewer foreclosures. This was just above the average for the entire state of Tennessee over the same time period and a little higher than the rest of the state compared to this time last year. All of Tennessee is recovering nicely and Nashville is showing even stronger signs than state averages.

The 13

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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 previous

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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.

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Here is an interesting report that talks about real estate foreclosures 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 definitely a renewed level of real estate activity in Nashville. It's as if the country as a whole is on the same bio rythym and the thought of buying a home in Nashville, which has been in the minds of many people, seems to have become a definite possibility recently.

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

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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

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