$5 Million Tyne Boulevard Mansion Auction

September 1, 2010 by admin · 1 Comment 

Just when the average multi-millionaire allowed herself to slip into a melancholy real estate state of mind, RealtyTrust steps in and lifts the mood. The 16,090 square foot Oak Hill masterpiece that high-end builder Kelvin Pennington has been pouring over for several years hits the auction blocks on Friday September the 10th, 2010 at 6:30pm. [...]

The West End Condos Auction Results

December 6, 2009 by admin · 15 Comments 

John Coleman Hayes successfully sold at least 40 condos in the past 60 hours, 32 of which were sold during Saturday’s live auction. The condo auction, held under a semi-heated tent in the West End’s motor court, was well attended with an estimated 185 potential buyers in attendance. Jerrold Pedigo began the auction promptly at [...]

West End Condo Auction Details

November 27, 2009 by admin · 18 Comments 

The West End condo auction in Nashville is set to take place at 11:00am on Saturday, December 5th onsite in the West End itself. 45 condos will be sold at auction with an unknown reserve price in place. However, in an announcement made just yesterday, the auction will now include a yet undisclosed number of [...]

The Terrazzo Auction Results

November 21, 2009 by admin · 40 Comments 

The results of the Terrazzo auction are in and it appears that my predictions are right on target. 25 condos sold at an average price of $233.01 per foot with a couple of sales reaching over the $250/ft mark. The average total price of $283,600 represents 62.48% of the original asking prices at Terrazzo. Approximately [...]

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 [...]

The West End Condo Auction Liquidation Sale

November 12, 2009 by admin · 20 Comments 

The second Terrazzo style condo auction has been booked as predicted, but this one is a little bit more surprising. I am not necessarily shocked that it is the West End building, but I am totally floored by the number of condos being auctioned…45. The December 5th auction will include 5 one-bedroom units, 25 two-bedroom units and 15 [...]

Lipman Group to Auction Off 30 Terrazzo Condos in Nashville

October 28, 2009 by admin · 24 Comments 

Do you know that sinking feeling you get sometimes? You get a nagging feeling that you just cannot shake and you’re sure that something is about to go wrong, but you have no idea what it is. Well, I got that feeling tonight when I was awakened by our screaming newborn. Of course, at first [...]

Slight Drop in Nashville Mortgage Rates

April 21, 2009 by admin · 1 Comment 

Freddie Mac reports a drop in the 30-year fixed mortgage rate to 4.82 percent during the week ended April 16 from 4.87 percent the prior week, while interest on 15-year fixed loans fell to an average of 4.48 percent from 4.54 percent. The five-year hybrid adjustable mortgage rate slipped to 4.88 percent from 4.93 percent, [...]

Nashville Mortgage Rates Rise Slightly

March 10, 2009 by admin · Leave a Comment 

Freddie Mac reports that interest on 30-year, fixed rate mortgages rose to an average of 5.15 percent this past week, up from 5.07 percent a week earlier. Mortgage rates increased along with the increase in bond yields following reports of a decline in economic growth in the fourth quarter and rising jobless claims, according to [...]

Short Sales, REO, and Foreclosures Rise in Nashville

February 14, 2009 by admin · 2 Comments 

A new article by Marylyn Schwartz on RisMedia’s website addresses a topic that’s inescapable in the current economic downturn: short sales. Ms. Schwartz interviews an experienced attorney, Rick Cowle, about the procedures and pitfalls involved in the short sale process. “MBS: Rick, you and I have worked with REO (real estate owned) properties and with [...]

January Home Sales Numbers For Nashville

February 10, 2009 by admin · 4 Comments 

For the first time since 1994, there were less than 1,000 closings in Nashville during the month of January. Only 984 properties closed during the month, a 40% decline from just one year ago. So, what is selling? Auctions. Check out some of the incredible deals on Nashville auctions. I know that this seems like [...]