Blog, Condos, Featured
10 Best Condo Buys so far in 2009
October 19, 2009 by admin · View Comments
Sometimes we all wonder how well we have done when investing in real estate and usually there is not a good way to benchmark our success or failure. Here is a list of the 10 best condo buys in Nashville so far in 2009. Keep in mind that the developer purchases probably also have a ton of concessions like closing costs, upgrades, paid HOA dues, free parking spaces and whatever else will get the deal done.
Buildings: Adelicia, Bennie Dillon, Enclave, Encore, Icon and Viridian
Building (closing date), condo #, total price, price per square foot
• Viridian (resale 3.18.09 ) #2001, $330K, $225/SF (Viridian avg PPSF for dev sales was $298)
• Encore (from dev 5.29.09) #715, $173K, $200/SF (Encore avg PPSF for dev sales was $318)
• Encore (from dev 2.27.09) #815, $175,200, $203/SF
• Encore (from dev 1.23.09) #1911, $160K, $223/SF
• Icon (from dev 6.10.09) #611, $149,900, $245/SF (Icon avg PPSF for dev sales is $345)
• Icon (from dev 8.7.09) #1114, $211,900, $257/SF
• Adelicia (from dev 2.11.09) #907, $249,900, $253/SF (Adelicia avg PPSF for dev sales was $348) This great deal was achieved in the closeout of the last 10% of units.
• Enclave (resale 3.31.09) #159, $280K, $149/SF (Enclave avg PPSF for dev sales was $252) This incredible deal was a foreclosure that sat for a few months.
• Enclave (resale 3.18.09) #325, $279,900, $180/SF
• Bennie Dillon (resale 9.23.09) #1203, $152,500, $162/SF (BD avg PPSF for dev sales was $246)
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For more than 8 years, Grant Hammond has been a leader in the greater Nashville real estate marketplace. In the first half of 2010, he is again the top producing Realty Executives broker in Middle TN.
This condo is looking awesome. It is spacious and open to outside environment. Thanks for letting us know the probability to get the best deals and benefits we can get on finalizing the deal. I must say this is an amazing place.
wow! are there still adelicia units available for under $300 per foot?
Dear Sir!
First, let me commend you for such an informative website! My question is regarding St. Martin Square in Brentwood. I am in the final stages of negotiation, and it looks like this deal is going to come together at $210 sq. ft. What can you tell me about this particular complex, and do you feel this is a reasonable price. This is a 2 BR Penthouse with a single garage. Thanks! RJS
St. Martin Square is a very solid project for north Brentwood. The design is quite good and I really like the additional ceiling height that the penthouse floor affords. I also like the fact that Mac did not blindly build the last phase which would have really hurt the development in this economy. I also like that the developers, Mac & JD, are very well capitalized and I am hoping that you are negotiating directly with Greg Standifer. Greg is the one person who can tell you what the lowest prices are without the normal sales BS.
Dear Sir!
First, let me commend you for such an informative website! My question is regarding St. Martin Square in Brentwood. I am in the final stages of negotiation, and it looks like this deal is going to come together at $210 sq. ft. What can you tell me about this particular complex, and do you feel this is a reasonable price. This is a 2 BR Penthouse with a single garage. Thanks! RJS
St. Martin Square is a very solid project for north Brentwood. The design is quite good and I really like the additional ceiling height that the penthouse floor affords. I also like the fact that Mac did not blindly build the last phase which would have really hurt the development in this economy. I also like that the developers, Mac & JD, are very well capitalized and I am hoping that you are negotiating directly with Greg Standifer. Greg is the one person who can tell you what the lowest prices are without the normal sales BS.