5th & Main Condos Regain FHA Approval

January 20, 2012 by admin · Leave a Comment 

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 [...]

Final Foreclosures for Rhythm at Music Row

August 31, 2011 by admin · 8 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 [...]

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 [...]

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 [...]

Developer Owned Condos in the Icon Fly off the Shelf

March 18, 2011 by admin · 9 Comments 

You read the headline correctly, the condos in the Icon are selling both faster and for higher prices than at any time since 2008. In the first 18 days of March, the Bristol Group has sold 12 condos with a total transactional value exceeding $5 million. Think about that for a moment, let it sink [...]

H06 Condo Insurance – What is It, Do I Need It?

February 25, 2011 by admin · 2 Comments 

Condo insurance that bridges the gap in coverage between your condo association’s master insurance policy and your property/personal liability protection is known as a H06 condo insurance policy. If you are acquiring a mortgage in order to purchase a condo, your mortgage lender will most likely require you to purchase this policy. Every condominium development [...]

Nashville’s Encore Condos Expand Closeout Pricing

January 31, 2011 by admin · Leave a Comment 

With only 27 developer owned condos remaining in the 332 unit Encore development, pricing and incentives are being offered to sell the building out by mid-year. The only high-rise condo project in SoBro (south of Broadway district), the Encore is now almost 92% sold out with a few choice one and two bedroom condos remaining. [...]

Icon in the Gulch 2010 Condo Sales Recap

January 4, 2011 by admin · Leave a Comment 

Despite a sluggish national real estate economy, the Icon in the Gulch continued to outpace all other condo developments in Nashville by closing 75 condos during 2010. Selling 1.44 condos a week may not sound impressive, but trust me, it’s a little like Vince Young throwing for 350 yards against the Patriots in December. The [...]

Encore Condos Holds Open House 12-4-10

November 24, 2010 by admin · Leave a Comment 

The Encore condos sales team is holding what very well may be the last developer open house on December 4th, 2010 from 1 - 4pm. As of November 15th, the Encore has sold 301 of its 333 total condos leaving only 9% of the building available for sale. It is my assumption that new closeout pricing [...]

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 [...]

Icon in the Gulch Downtown Condo for Sale

November 9, 2010 by admin · Leave a Comment 

Welcome to your own private sanctuary in the sky, complete with panoramic views of Nashville’s growing skyline! Located in the Icon in the Gulch high-rise, residence #1413 is currently the highest downtown facing condominium available for sale in the entire building. Fully upgraded, this condo features the designer kitchen package which includes an optional island with [...]