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 [...]
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 [...]
5th & Main Condos Resume Sales in April
March 4, 2011 by admin · 1 Comment
As I first reported on February 27th, today new owner ACG Equities announced the 5th and Main condos will remain condos and not be converted into apartments. The Nashville Business Journal reports that ACG Equities will resume condo sales in April with “bold new pricing”. Considering ACG Equities was able to acquire the remaining 120 [...]
Nashville Condo Inventory Absorption Study
November 18, 2010 by admin · Leave a Comment
The below line graph is a rather simple analysis that reveals the number months required to clear the market of all current inventory. To arrive at the absorption calculation, I have simply divided the total condo inventory at month’s end by total condos sales for each particular month. While this particular chart really has no [...]
Icon Condo Absorption Analysis in Nashville
November 15, 2010 by admin · 3 Comments
An interesting question was posed to me this morning, it’s a question that led me to a simple ‘back of the napkin’ analysis that I’d like to show to you. A gentleman simply asked me how long it would be until the sales staff at the Icon in the Gulch would move out of the [...]
5 Year Nashville Condo Market Analysis
December 13, 2009 by admin · 13 Comments
The economic recession has affected the US housing market disproportionately. The problem is that the local, regional and nation media outlets are very good at pointing out the obvious bad markets like Las Vegas, Miami and Phoenix, but they are very bad at explaining where the rest of the local markets are in the housing [...]
Terrazzo Re-Prices 30 Condos at Auction Rates
November 24, 2009 by admin · 18 Comments
In a move that has both shocked some people and delighted others, the sellers of the Terrazzo condos in Nashville have decided to extended the auction prices. Although these prices do not currently appear on the MLS, they are available on the Terrazzo’s website and were direct emailed to all of the buyers and agents [...]
Nashville Terrazzo and West End Condo Auctions
November 20, 2009 by admin · 16 Comments
Both the Terrazzo and the West End condo auctions are set to occur in the next 2 weeks. The Terrazzo auction will happen tomorrow, Saturday November 21st at 1:00pm at the Renaissance Hotel in downtown Nashville. The West End auction is scheduled for Saturday December 5th at a yet undetermined time in the West End [...]
10 Best Condo Buys so far in 2009
October 19, 2009 by admin · 10 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 [...]
For a decade, Grant Hammond has been a leader in the greater Nashville real estate marketplace. In the first half of 2011, he is again the top producing Realty Executives broker in Middle TN.
