Downtown Nashville Residential Statistics and Trends
The Downtown Partnership continues to collect the most up to date statistical trends for downtown. This is their mid-year update.
Buying a Condo in the Encore Condos?
You do not want to be the person who paid $139,885 more for the exact same 2 bedroom floor plan than the person 3 floors below you. This is a real example. This actually happened and I have the data to prove it.
Million Dollar Homes for Sale In Nashville
Google real estate maps have made searching for million dollar properties easier than ever. Take a look at all of the incredible multi-million dollar mansions Nashville has to offer! Whoa.
Ireland Street Townhome for Sale $195,000
The Ireland Street Townhomes offer owners a unique view of downtown and excellent access to Historic Germantown at a fraction of the price. These townhomes are rated as excellent investments as they lease quickly.
How Nashville West End Summit Became Lake Palmer
Welcome to beautiful Lake Palmer located in the Midtown district of downtown Nashville. But, wait a second, is this a natural lake? Not exactly, it is what is left about Alex Palmer put the brakes on his West End Summit project.
Deadline to Challenge Davidson County Property Taxes
The deadline to challenge your Davidson County property assessment is Friday April 20th at 4:30pm. If you do not challenge your property assessment by this deadline, you WILL NOT be able to seek a reduction until next year! Step #1: Check your new 2011 property tax assessment (click on image below) Step #2: Locate your property and click on the record Step #3: Review your tax record. Most importantly,... [Read the entire article…]
The Encore Condos in Downtown Nashville Sold Out
Less than 2 months after the trendy Music Row Rhythm condos sold out, the Encore becomes the latest high-rise condo development to join the growing list of sold out developments. The 333 unit development, built in partnership between the Novare Group of Atlanta and Tony Giarratana of Nashville, broke ground in mid 2006 and was completed in the second quarter of 2008. In that first year of operation,... [Read the entire article…]
Future Home Demand in Nashville Jumps, Significantly
Realizing that predicting the real estate market is a dangerous enterprise at best, I feel confident in the simple science behind my prediction that future Nashville home demand will jump significantly in 2012. Before I explain why, let me first explain how I build the total demand curve. I define total demand as the number of homes purchased in a particular month plus the number of pending home sales... [Read the entire article…]
Foreclosed West End Circle Condo is a Steal
Attention value seekers: this West End Circle condo is a steal. While this condo is not my personal listing, I found the opportunity so remarkable, I had to point it out. It is a Freddie Mac foreclosure that originally sold for $177,000 in 2007. I have doubts this condo will be worth $177,000 in the immediate future, I am positive $120,900 is grossly undervalued. This is a perfect 1 bedroom condo for... [Read the entire article…]
How Peyton Manning Can Play for the Titans for $1
Allow me to digress from real estate for a moment and float my theory about how the Tennessee Titans can bring Peyton Manning home for a $1 a year salary. BTW, I am not a dyed in the wool Vols fan, but I am a huge Titans fan and do believe that Peyton Manning is not only one of the best quarterbacks in NFL history, but he is also one of the most kind, giving and loyal human beings in sport today.... [Read the entire article…]
The Echo Restaurant Era Begins in Encore Condos
Today, March 7th, construction has begun in the street-level retail space of Encore condominiums in preparation for the restaurant, Echo. Echo is renowned restaurateur and chef Deb Paquette’s latest submission to the Nashville restaurant scene. Slated to open in the fall of 2012, the 4,000 square foot space will seat 150 patrons and offer a private dining room, full bar, outdoor patio and an open... [Read the entire article…]
Vote No on HB 3528 in Tennessee, Urgent
On Wednesday, March 7, the Tennessee House State and Local Government subcommittee will vote on HB 3528, which exempts municipal, county and state governments from paying HOA fees and assessments by homeowner associations following a delinquent tax sale. This bill is similar to HB 2430 which was scheduled for a vote last week, but no action was taken after Bill sponsor Rep. Judd Mathney realized he... [Read the entire article…]
Rhythm at Music Row Condos Sold Out
With the last Cadence Bank owned condo placed under contract moved to pending earlier this week, the 105 unit Rhythm at Music Row condos have sold out. As you may recall, in a structured foreclosure on September 6th, Cadence Bank and Pinnacle Bank took possession of the 47 unsold condos in the development. Each bank listed their individual condos with local real estate brokers instead of selling them... [Read the entire article…]
The Braxton in Ashland City Foreclosed, For Sale
After many years of waiting, Bank of America has finally foreclosed upon the failed Braxton condo project in Ashland City. The Braxton is a 2 tower, 136 unit luxury waterfront development located next to the Harpeth Shoals Marina on the Cumberland River. Original pricing ranged from $450,000 to over $1.2 million for penthouse units. The Braxton condos were originally developed as a luxury second residence... [Read the entire article…]
The Great MLS Listing Syndication War
Grant Hammond discusses the great MLS listing syndication war raging behind the scenes between the San Diego MLS, Edina Realty, Denver’s MetroList, Zillow, Diverse Solutions, Trulia and Realtor.com: I almost never post any articles concerning Realtor squabbles, but there is a massive movement building online that deserves a few moments of discussion. Recently, several real estate brokerages and... [Read the entire article…]
Sales Update for the 5th & Main Condos Nashville
It’s official, the 5th & Main condos are over the hump. If you had any reservations about this project not selling well or falling into distress again, fear not. In fact, the only fear you should have is missing out on the best condo deals in Nashville. The Marketing Directors have sold 88 of 129 condos, have 1 pending leaving only 40 available. Of the 40 available, only 3 two bedroom floor plans... [Read the entire article…]
Terrazzo Condos in Nashville 2011 Sales Review
It has been just over 3 years since the Terrazzo first opened its doors and with the conclusion of 2011, the project is virtually sold out. All that remains are 3 penthouses priced between $950,000 and $1.1 million and 1 two bedroom flat priced at $535,000. More good news is that the average sales price per foot posted a significant 7.76% increase in price jumping from $238.72 in 2010 to $257.25 in... [Read the entire article…]
Icon in the Gulch 2011 Condo Sales Review
It has been just under 4 years since the Icon in the Gulch first opened its doors. One may have suspected there to be quite a lot of distress in a 418 unit condo building, but the opposite is true. The Icon had its best sales year since 2008 selling 105 total condos in 2011 - 88 developer owned condos and 17 resales. The $282.15 average sales price per foot was almost exactly what I predicted 12 months... [Read the entire article…]
5th & Main Condos Regain FHA Approval
It is a landmark day for ACG Equities, the investor who purchased the 5th & Main project from Wells Fargo Bank in March of 2011: The U.S. Department of Housing and Urban Development has granted the project FHA approval. (click to see full size image) Significance of FHA Approval It is difficult to emphasize how important FHA approval is for a condo project in the United States. Since the collapse... [Read the entire article…]
2011 Most Read Real Estate Articles & Pages
Looking through my website’s statistical data is so much like Christmas morning that I could hardly sleep last night knowing that I was going to find out which articles and pages were the most visited of 2011. It has been a banner year for GrantHammond.com, I recorded 186,189 visits to the site with 123,705 of those being unique visitors. All of those visitors viewed 721,234 total pages and spent... [Read the entire article…]
Nashville Area Luxury Home Sales Analysis
As 2011 draws to a close and I listen to traditional media pontificating on the woes of national home sales, I am again reminded of how fortunate I am to live and work in Middle Tennessee. Many have made the argument that luxury home sales ($500,000 to $2,000,000) have suffered most during the economic downturn and that may be partially true, but my analysis below proves that Williamson County has... [Read the entire article…]
Happy Holidays and Thank You!
Whether you are celebrating Christmas, Hanukah, Kwanza or Festivus, I hope everyone has a wonderful and family filled holiday season. I also wanted to take a moment to thank everyone for allowing me to become the top producing broker in the company for a second straight year. I take your real estate transactions very seriously and, as I was reminded the other day in REI, I may not remember your name... [Read the entire article…]
How do you feel about Nashville? Survey
If you’ve read my blog over any period of time, you’ve noticed that I have formed several very specific opinions about our fair city. This time, I’d like to hear what you think. Please take a few minutes to respond to the 8 polls posted below. Once all of your opinions have been tabulated, I’ll post those results in a tabulation post with commentary from a very special guest! Where... [Read the entire article…]
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About Me
Grant Hammond, Broker, ABR, SFR, ePRO is a multiple award winning real estate broker and owner of Metropolitan Brokers, LLC in Nashville, TN. With career sales exceeding $285 million, Hammond places in the top 5% of real estate brokers nationally. Hammond is well known for exemplary personal service, consummate professionalism and a resolute commitment to his clients in the pursuit of fulfilling their real estate goals. Having represented more than 100 individual clients in just the past 3 years, he has the expertise, market knowledge and skill to understand the full scope of his clients' requirements - business and personal – to design a successful plan with every aspect in mind. Call Grant 615-945-7123 or email Grant
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