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 as many as 12 may already be under contract. A year ago, the Icon had recorded 51 total sales at this point, 49 were developer owned condos. The Icon is tracking to sell 85-90 total condos in 2011, this would break their record of 84 condos set in 2009 (keep in mind there was a Federal Tax Credit Incentive in 2009). Interestingly, the YTD average price of $275.30/ft is tracking 2.4% lower than this time last year. I’d like to think that my expert negotiating skills has a little to do with this fact. Should you be in the market for a condo in the Icon, talk with the most successful condo broker in Nashville.
View current condos listed for sale in the Icon
Icon Condos Sold in 2011