January 24, 2012
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Brentwood, Nashville, open house, real estate | 2204 saint josephs court, bargers solutions, Brentwood, fountainbrooke, home buying, home selling, january 2012, kenneth bargers, nancy king, open house, pilkerton realtors, real estate agent, short sale, tennessee |
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January 19, 2012
Posted by kbargers |
Nashville, real estate | 1651 campbell road, acres, bargers solutions, brick church pike, cottage, goodlettsville, home buying, home for sale, home selling, kenneth bargers, Nashville, pilkerton realtors, real estate agent, renovated ranch, tennessee |
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GREATER NASHVILLE HOME SALES INCREASE FOR 5th CONSECUTIVE MONTH PER GNAR
GNAR PRESS RELEASE: Nashville, TN (Dec. 8, 2011) – There were 1,592 home closings reported for the month of November, according to figures provided by the Greater Nashville Association of REALTORS®. This figure is up 20 percent from the 1,326 closings reported for the same period last year.
Year-to-date closings through November are 18,851, almost a 1 percent increase from 2010 when 18,750 closings were reported through November.
“Home sales trends in November include a double-digit increase the number of closings and stable or increasing prices for both single-family homes and condominiums. These signs are welcome as we near the end of the year and begin to look towards 2012,” said GNAR President Alice Walker. “Based on current data, Greater Nashville is on track to have more than 20,000 closings this year, which is a very important benchmark under current market conditions.”
“As we get further away from the impact of the first-time homebuyer tax credit, comparisons become more realistic. What we’ve seen the second half of this year, including an actual increase in closings year-to-date, should be encouraging for buyers, sellers and real estate professionals alike.”
There were 1,657 sales pending at the end of the month, compared with 1,623 pending sales at this time last year. The average number of days on the market for a single-family home was 94 days.
The median residential price for a single-family home during November was $167,500, and for a condominium it was $158,690. This compares with last year’s median residential and condominium prices of $165,000 and $137,500, respectively.
Inventory at the end of November was 19,292, down from 21,932 in November 2010.
“Inventory is down, which is common for this time of the year. It is currently under 20,000 units. Inventory has been under 20,000 units one time since early 2007, and that was December of 2010. For single-family residential units, there is only about a nine month supply based on current sales levels,” added Walker. “December is not a time for high real estate traffic, but those who are looking tend to be very serious. Making the choice to look for a home when there are so many other ways to spend time during the Holidays means that the buyers are serious. If your home is on the market, talk with your Realtor about how it should be prepared, presentable and protected for showings.”
The Greater Nashville Association of REALTORS® is one of Middle Tennessee’s largest professional trade associations and serves as the primary voice for Nashville-area property owners. REALTOR® is a registered trademark that may be used only by real estate professionals who are members of the National Association of Realtors and subscribe to its strict code of ethics.
Source: Greater Nashville Association of REALTORS®; Blog distribution provided by Kenneth Bargers and Bargers Solutions, a proud member of Pilkerton Realtors, residential real estate services located in Nashville, Tennessee
December 8, 2011
Posted by kbargers |
Nashville, real estate | alice walker, bargers solutions, blog, GNAR, greater nashville association of realtors, home sales data, kenneth bargers, middle tennessee, Nashville, november 2011, november home sales, pilkerton realtors, press release, tennessee |
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Each year the Greater Nashville area earns numerous top-tier national rankings for our strengths in business investment, quality of living, education, entrepreneurship, entertainment and diversity of population.
In 2011, the recognition of our communities’ existing features and future potential provides an impressive list. Nashville Rankings: Read the Complete Article…
December 1, 2011
Posted by kbargers |
Nashville, relocation | 2011, blog, december 2011 monthly newsletter, kenneth bargers, nashville area, nashville rankings, tennessee rankings |
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NASHVILLE, Tenn. (Oct. 6, 2011) – There were 1,832 home closings reported for the month of September, according to figures provided by the Greater Nashville Association of REALTORS®. That number is up 16.9 percent from the 1,567 closings reported for the same period last year.
Third quarter numbers have increased from 2010 with 5,900 closings reported, which is 20 percent higher than last year’s third quarter closings of 4,906.
Year-to-date closings for the Greater Nashville area are 15,531. That total is down 2.5 percent from the 15,929 closings reported through the third quarter of 2010.
“Home sales have increased for the third consecutive month” said GNAR President Alice Walker. “The increase in sales seen in Middle Tennessee during the third quarter is certainly good news. Year-to-date numbers, which are down only slightly, still reflect the market distortion seen by last year’s tax credit – which was still in effect until early in the third quarter of 2010. It is encouraging to see that we have nearly caught up with last year at this point in the year. ”
“Most every category saw an increase in closings compared to September last year. The increase in sales of farms, land and lots is particularly important as those sales are often indicators of coming developments.”
“Median prices are down in the range of about 5 percent. While we don’t like to see a drop in price, being down only single-digit percentages is much more desirable than the double-digit decreases other areas of the country are currently seeing,” said Walker.
“Pending sales were up again for the fourth consecutive month, an encouraging sign of a potential market recovery,” noted Walker. “Inventory was down compared to last year, but in this case, being down is positive news. The best case scenario is to have six months of inventory available on the market, and currently we have about 10 months. At this time last year we there was about 15 months worth of inventory available. This level makes for a much healthier market and still provides plenty of options for potential home buyers.”
There were 1,729 sales pending at the end of September, compared with 1,588 pending sales at this time last year. The average number of days on the market for a single-family home was 94 days, compared with 92 days for September 2010.
The median residential price for a single-family home during September was $163,000, and for a condominium, it was $144,900. This compares with last year’s median residential and condominium prices of $171,820 and $155,000, respectively.
Inventory at the end of September was 20,718, down from 23,549 in September 2010.
“The Greater Nashville market continues to strengthen and fare better than many other cities,” said Walker. “In fact, the latest numbers from the National Association of REALTORS® show the national median price for a single family home is $168,300 and we’re slightly under that number. That keeps the Greater Nashville area attractive to both companies and families.”
The Greater Nashville Association of REALTORS® is one of Middle Tennessee’s largest professional trade associations and serves as the primary voice for Nashville-area property owners. REALTOR® is a registered trademark that may be used only by real estate professionals who are members of the National Association of Realtors and subscribe to its strict code of ethics.
Source: Greater Nashville Association of REALTORS; Blog distribution provided by Kenneth Bargers and Bargers Solutions, a proud member of Pilkerton Realtors, residential real estate services located in Nashville, Tennessee
October 6, 2011
Posted by kbargers |
Nashville, real estate, tennessee | alice walker, bargers solutions, blog, greater nashville association of realtors, home closings, home sales increase, kenneth bargers, market conditions, Nashville, nashville home inventory, nashville real estate market, pilkerton realtors, september 2011, tennessee, third quarter increase |
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September 25, 2011
Posted by kbargers |
Nashville, real estate | 1651 campbell road, acres, bargers solutions, goodlettsville, home buying, house for sale, kenneth bargers, Nashville, pilkerton realtors, realtor, renovated ranch |
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September 15, 2011
Posted by kbargers |
Nashville, open house | 37205, 6011 jocelyn hollow road, acres, bargers solutions, blog, home buying, kenneth bargers, Nashville, open house, pilkerton realtors, prudential woodmont realty, september 2011, sharon greenwood, tennessee |
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OPEN HOUSE | SUNDAY | SEPTEMBER 18, 2011 | 2p – 4p
6011 Jocelyn Hollow Road, Nashville TN 37205
MLS 1210357 Offered at $519,000
CHARACTER, CHARM, COMFORT, PRIVACY
4,432 s.f. | 4 Bed | 3/1 Bath | 1.75 Acres
This is a must see! Lovely and large home in convenient and highly-desired neighborhood. Lots of spacious rooms with great renovation possibilities. Priced well-below assessment value. Beautiful treed lot. Please view the Open House Link for details.
DIRECTIONS: Go west on Harding Road, Right on Davidson, Left on Jocelyn Hollow Road, 6011 is on the left.
Kenneth Bargers, REALTOR® | Bargers Solutions | Pilkerton Realtors| (615) 512-9836 cellular | (615) 371-2474 office | kb@bargers-solutions.com | www.bargers-solutions.com | 2 Cadillac Drive, Brentwood TN 37027
September 14, 2011
Posted by kbargers |
Nashville, open house | 37205, 6011 jocelyn hollow road, bargers solutions, home buying, kenneth bargers, Nashville, open house, pilkerton realtors, prudential woodmont realty, realtor, september 2011, sharon greenwood, sunday, tennessee, west meade |
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For some of the country’s largest cities, last year was a good one for growth. None less than the technology hub otherwise known as San Jose.
Metropolitan economies grew by 2.5 percent last year, measured by gross domestic product, according to recent statistics from the Bureau of Economic Analysis. And while that growth makes up for a decline of that same percentage one year prior, some most certainly expanded quite a bit more than others.
Indeed, nearly all of the country’s fifty largest metro areas experienced economic growth of some form last year, and manufacturing may have been the most widespread driver. Some cities, however, have other industries to thank for their economic expansion. San Jose, located in the heart of Silicon Valley, saw some of the strongest GDP growth thanks much in part to the information industry that surrounds it. Indeed, 3.6 percent of its 13.4 percent growth is attributed to the tech sector.
Please read the full story to see the rankings and details
Source: Huffingtonpost Business; Blog distribution provided by Kenneth Bargers and Bargers Solutions, a proud member of Pilkerton Realtors, residential real estate services located in Nashville, Tennessee
September 13, 2011
Posted by kbargers |
Nashville | bargers solutions, blog, bureau of economic analysis, huffingtonpost business, kenneth bargers, Nashville, pilkerton realtors, tennessee, top 10 u.s. cities that grew the most in 2010 |
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Housing markets with universities and colleges are often considered great buys for real estate investors, typically attracting a steady flow of renters.
“Housing demand in college towns is generally high and vacancy rates are usually low,” says Steve Berkowitz, CEO of Move Inc. “Combine the supply and demand ratio with rising admissions and the five percent rise in rental rates expected by the end of the year, and rental property in college towns can be a smart option for the right investor.”
The following is a list of seven strong college towns for real estate investments, according to Move.com.
1. Boston Median list price: $335,000, Average two-bedroom rent: $3,122, Average mortgage: $1,370
2. Nashville Median list price: $189,000, Average two-bedroom rent: $949, Average mortgage: $770
3. Chicago Median list price: $199,900, Average two-bedroom rent: $1,780, Average mortgage: $820
4. Washington Median list price: $375,000, Average two-bedroom rent: $3,086, Average rent: $1,530
5. Houston Median list price: $174,900, Average two-bedroom rent: $1,218, Average mortgage: $710
6. South Bend Median list price: $112,900, Average two-bedroom rent: $790, Average mortgage: $460
7. Atlanta Median list price: $159,600, Average two-bedroom rent: $1,236, Average mortgage: $650
Source: Move.com; REALTOR® Magazine Daily News; Blog distribution provided by Kenneth Bargers and Bargers Solutions, a proud member of Pilkerton Realtors, residential real estate services located in Nashville, Tennessee
August 16, 2011
Posted by kbargers |
Nashville, real estate, relocation | bargers solutions, best cities for real estate investment, blog, college cities, college towns, kenneth bargers, move.com, Nashville, pilkerton realtors, real estate investment, realtor daiily news magazine, tennessee |
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Each year the Greater Nashville area earns numerous top-tier national rankings for our strengths in business investment, quality of living, education, entrepreneurship, entertainment and diversity of population.
OPEN HOUSE | SUNDAY | SEPTEMBER 18, 2011 | 2p – 4p
