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Fifth and Main Auction Results and Review

November 6, 2011 by admin · 7 Comments  

It was either a raving success or a necessary success, depending upon whether you were an auction buyer or you were ACG Equities, the seller. 23 condos sold at varying discounts during the auction, 2 more sold in the minutes following the final gavel bang. When the dust settled, ACG Equities met their pre-auction goal to sell 25 condos – 19 to new owner occupants and 6 to investors. The benchmark... [Read the entire article…]

Timing the Bottom of the Real Estate Market

September 22, 2011 by admin · 2 Comments  

It’s like wearing a trucker hat and donning a pair of skinny jeans, it’s the old new cool thing to do. Many, maybe even most, appear to be attempting one of the most difficult feats in the real estate world, timing the bottom of the market. The issue is not necessarily the timing part, but how you quantify the bottom and in which cycle, macro or micro you are timing. Undoubtedly the number one... [Read the entire article…]

Final Foreclosures for Rhythm at Music Row

August 31, 2011 by admin · 11 Comments  

Next week the remaining developer owned condos in the Rhythm at Music Row will foreclose. This foreclosure will mark the end to a rather unconventional chapter for downtown Nashville high-rises and usher in a new, more welcomed chapter that will see market forces driving value. On Tuesday, September 6th, Cadence Bank and Pinnacle Bank will take possession of 47 unsold condos in the Rhythm. Each bank... [Read the entire article…]

Nashville Real Estate Steal Alert – Werthan Mills

August 26, 2011 by admin · 4 Comments  

It baffles me why this 2 bedroom, 2 bath, 1,585 square foot loft at Werthan Mills has not sold. First, it is a foreclosure. Second, it is priced at the LOWEST price recorded in Werthan Mills in the past half decade, $126.12/ft. The average price over the past 2 years has been $161.88/ft with the median price being $172.52/ft. That puts the current market value of this loft between $256,580 and $273,444.... [Read the entire article…]

State of the Gulch Real Estate Market

August 22, 2011 by admin · 5 Comments  

If you live in the Gulch you may be acutely aware of the new and proposed activity, but for the rest of Nashvillians, it may be difficult to see just how much is happening. Since the beginning of the year, 3 new retailers have opened their doors and 2 more are planning on opening by Spring of next year. While that may not amaze the skeptics, one must realize that the lower Gulch is no larger than 3... [Read the entire article…]

I Trust and Need Your Opinion

August 20, 2011 by admin · 41 Comments  

Trusted friends, family and clients, I am in need of an honest opinion. For the last several months I have been John Kerrying (flip-flopping) over which new logo I am going to use to brand my business. I keep finding reasons not to pick one and move forward and so I am in need of a more sane opinion, yours (yes, I have driven myself insane over this decision). Both logos are very similar, but oh so... [Read the entire article…]

YTD Sales for the Terrazzo Condos

August 10, 2011 by admin · Leave a Comment  

Just past the half way mark in 2011, the Terrazzo in the Gulch has sold 17 condos totaling an impressive $6.27 million. Of the 17 recorded sales, 16 were developer owned condos and 1 was a resale (highlighted in blue). There were no foreclosures or short sales during this period. The 117 condo development is now 86.32% sold out. Of the remaining 16 condos, 7 are under contract, leaving 9 total unsold... [Read the entire article…]

YTD Condos Sales in Nashville’s Icon

August 9, 2011 by admin · 1 Comment  

With slightly more than 7 months gone in 2011, the Icon in the Gulch has sold 59 condos totaling over $17.46 million this year. Of the 59 recorded sales, 9 were resales (highlighted in blue) and 50 were new developer sales. Of the 9 resales, 1 was a foreclosure on the 9th floor. The 419 condo development is now just over 75% sold out. There are approximately 90 unsold developer condos remaining, but... [Read the entire article…]

YTD Encore Condo Closings 2011

August 8, 2011 by admin · 1 Comment  

With slightly more than half of 2011 complete, the Encore has sold 23 condos totaling just over $5.68 million. Of the 23 recorded sales, 6 are resales (highlighted in blue) and 17 are new developer sales. Of the 6 resales, 2 are foreclosures (green text). The 333 condo Encore development is now 95.8% sold out. There are 14 unsold developer condos remaining, but 3 are already under contract. It would... [Read the entire article…]

5 Important Questions For Your Nashville Realtor

May 9, 2011 by admin · 2 Comments  

Home moving can be a very stressful ordeal. In fact, it is considered by many to be one of the most stressful things one can do in his or her life. It ranks right up there with divorce, illness, and losing your job. And on top of that, if you own a home and are trying to sell it at the same time as you are moving, your stress level can double. With this fact in mind it is important to know that there... [Read the entire article…]

Connect with Real Estate Agents on Facebook

April 19, 2011 by admin · 2 Comments  

I know what I am suggesting appears to fly in the face of the inherent secrecy within the real estate community, but real estate agents should connect with each other on Facebook. Yes, I know that you are friends with your clients on Facebook and you fear that I am going to sift through your Facebook friends in the middle of the night to ferret out a prospect or two. But, you must realize that 99%... [Read the entire article…]

Downtown Nashville Residential Statistics and Trends

April 11, 2011 by admin · 15 Comments  

Scroll down to see the 2011 Nashville Downtown Partnership’s research and trend analysis for residential and retail use in downtown Nashville. Many will be surprised by the fact that downtown only offers a total of 3,823 residential units, both rental and ownership. This is an incredibly small number considering the fact that Nashville maintains a 1.6 million MSA population. To put this number into... [Read the entire article…]