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Greater Nashville Home Sales Continue to Increase

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Greater Nashville Home Sales Continue to Increase
Press Release by Greater Nashville Association of REALTORS®, 120513

NASHVILLE, Tenn. (Dec. 5, 2013) – There were 2,287 home closings reported for the month of November, according to figures provided by the Greater Nashville Association of REALTORS®. This figure is up 4 percent from the 2,198 closings reported for the same period last year.

Year-to-date closings through November are 28,476, an 18.9 percent increase from the 23,950 closings reported through November 2012. The total number of closings through November in 2013 already exceeds the 26,097 total closing for all of last year, with one full month remaining.

“2013 has been a year of meaningful improvement for home sales. The increase in November, though single digit, is evidence that the market in this region is stable and growing,” said GNAR President Price Lechleiter. “With more than 2,000 sales pending the Greater Nashville area is well on its way to 30,000 closings for the year. These signs are welcome as we begin to look toward 2014.”

There were 2,192 sales pending at the end of the month, compared with 2,069 pending sales at this time last year. The average number of days on the market for a single-family home was 70 days.

The median residential price for a single-family home during November was $195,000, and for a condominium it was $150,000. This compares with last year’s median residential and condominium prices of $179,900 and $152,000, respectively.

Inventory at the end of November was 15,262, compared to 16,577 in November 2012.

“The median price for single family homes is up significantly, though down slightly for condominiums. Inventory remains low and will likely remain that way until early 2014 when seasonal home buying trends increase,” added Lechleiter. “Though there are fewer properties available now compared to 2012, it’s still very important for sellers to have a well-maintained, show ready home that is appropriately priced. Buyers looking during the holiday season are serious shoppers and transactions will definitely continue this month.”

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: GNAR Press Release, 120513 | Blog, In The News, distribution provided by Kenneth Bargers and Bargers Solutions, member of Pilkerton Realtors, residential real estate services located in Nashville, Tennessee

Supporting our Communities… Season of Giving

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SOG2013SUPPORTING OUR COMMUNITIES… SEASON OF GIVING

Tennessee: The VOLUNTEER State

We are known as the Volunteer State! This well-deserved reputation is historical in nature and takes on numerous meanings when you think of Tennessee’s volunteerism. Our reputation is evident in Middle Tennessee as we are blessed with an abundance of goodwill from individuals and organizations alike that contribute their time and resources throughout the year.

Season of Giving

This time of year, as we pause to give thanks during Thanksgiving, celebrate the gift of life during Christmas, and reflect on memories of 2013 and the possibilities of the upcoming year; we naturally think of others, their needs and what we can do to help during the Season of Giving.

Our communities’ volunteer and charitable organizations respond to numerous roles of participation. We all are aware of filling the food banks, gather clothing for the needy, promote coat drives, collect care packages for our men and women that volunteer their lives in the protection of all of us back home in the United States. There are also many unsung heroes that touch Tennesseans everyday whether through immediate survival or long-term needs.

Each November, I dedicate the newsletter as awareness of the NEED and CONTRIBUTION through volunteerism or financial support sought by these worthy organizations during the Season of Giving, and year-round. I invite you to visit these Middle Tennessee organizations to learn about their servicing philosophy and goals.

Visit these Charities

100 Club of Nashville; Big Brothers Big Sisters of Middle Tennessee; Brightstone; Ronald McDonald House Charities Nashville; Second Harvest Food Bank of Middle Tennessee; Thistle Farms; United Cerebral Palsy of Middle Tennessee

All the best – Kenneth

Greater Nashville: September Home Sales Continue to Increase; Third Quarter Numbers Up 19 Percent

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September Home Sales Continue to Increase; Third Quarter Numbers Up 19 Percent
Press Release by GNAR; October 8, 2013

NASHVILLE, Tenn. (Oct. 8, 2013) – There were 2,626 home closings reported for the month of September, according to figures provided by the Greater Nashville Association of REALTORS®. That number is up 15.9 percent from the 2,266 closings reported for the same period last year.

Third quarter numbers have increased from 2012 with 8,861 closings reported, which is 19 percent higher than last year’s third quarter closings of 7,446.

Year-to-date closings for the Greater Nashville area are 23,720. That total is up 22 percent from the 19,440 closings reported through the third quarter of 2012.

“September, third-quarter and year-to-date figures are all up compared to the same periods last year. And, we are now within less than 2,500 closings to exceed the total number of closings for all of last year,” said GNAR President Price Lechleiter. “Median prices continue to increase while remaining affordable. This is good news for sellers and buyers alike and reinforces home ownership as a strong financial investment.”

“The strongest time of the year for the housing industry is spring and summer. During the fall and winter months home sales typically show reduced monthly closings. But year-over-year comparisons continue to indicate significant increases. This is very encouraging.”

There were 2,487 sales pending at the end of September, compared with 2,291 pending sales at this time last year. The average number of days on the market for a single-family home was 70 days, compared with 82 days for September 2012.

The median residential price for a single-family home during September was $195,660, and for a condominium, it was $159,092. This compares with last year’s median residential and condominium prices of $175,000 and $153,900, respectively.

Inventory at the end of September was 16,263, down from 17,897 in September 2012.

“Inventory remains down, but we are still at a healthy market level with slightly over a 6-month supply. But, competition for purchase of good properties is increasing significantly. Buyers should be fully prepared to act quickly in order to purchase the home they want.” added Lechleiter. For those considering putting their home on the market, be sure it is market ready and properly priced. Your Realtor can help you address those, and other issues, to make your home attractive to today’s buyers.”

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: GNAR, Greater Nashville Association of REALTORS® | Blog, In The News, distribution provided by Kenneth Bargers and Bargers Solutions, member of Pilkerton Realtors, residential real estate services located in Nashville, Tennessee

Open House Sunday – Fountainbrooke Beauty in Brentwood, Tennessee

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Greater Nashville Home Sales Continue to Increase

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Greater Nashville Home Sales Continue to Increase
Article by: GNAR Press Release; September 5, 2013

NASHVILLE, Tenn. (Sept. 5, 2013) – There were 3,084 home closings reported for the month of August, according to figures provided by the Greater Nashville Association of REALTORS®. This figure represents an 18.3 percent increase from the 2,606 closings reported for the same period last year.

Year-to-date closings for the Greater Nashville area have increased 22.8 percent. There were 21,094 closings, compared with 17,174 closings reported through August of last year.

“Home sales during August increased 18.3 percent over August of last year. And, the total number of closings during the month exceeded 3,000, which is very encouraging,” said GNAR president Price Lechleiter. “Spring and summer are highly active times for home sales, but the start of the school year sometimes begins a seasonal downturn. The Greater Nashville market remains active and healthy, and the number of pending sales is cause to believe the trend is continuing.

“As Middle Tennessee continues to receive positive attention, with businesses and families moving here, it’s resulting in more growth. Preparing for and managing that growth is critically important. Addressing key local and regional issues like transit and public education will be necessary if we want to continue enjoying the benefits of being a vibrant, attractive location.”

There were 2,888 sales pending at the end of August, compared with 2,572 pending sales at this time last year. The average number of days on the market for a single-family home was 67 days.

The median residential price for a single-family home during August was $194,000, and for a condominium it was $167,834. This compares with last year’s median residential and condominium prices of $175,000 and $147,634, respectively.

Inventory at the end of August was 16,250, down slightly from 18,223 in August 2012.

“Both condominium and single-family median prices continue to rise and days on market continue to drop,” added Lechleiter. “Inventory is continuing to decrease, which is the case in all categories this month. Now is certainly a good time to consider selling your home. There is demand from buyers for well-prepared and properly priced properties.”

The Greater Nashville Association of REALTORS® s 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®, GNAR Press Release (090513) | Blog, In The News, distribution provided by Kenneth Bargers and Bargers Solutions, member of Pilkerton Realtors, residential real estate services located in Nashville, Tennessee

The Greater Nashville Area New Home Reports for July 2013

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The Greater Nashville Area New Home Reports for July 2013
Courtesy of MarketGraphics Research Group, 082813

MarketGraphics Research, located in Franklin, Tennessee, releases July’s New Home Permit Reports for the 12-county Greater Nashville area: County/Builder/Subdivision New Home Permit Report, Permits by County New Home Permit Report, Top 50 Builders New Home Permit Report

PermitsbyCountyJuly2013

Source: MarketGraphics Research Group, July 2013 Reports (082813) | Blog, In The News, distribution provided by Kenneth Bargers and Bargers Solutions, member of Pilkerton Realtors, residential real estate services located in Nashville, Tennessee

It’s Football Time and Nashville Region Report highlight August 2013 newsletter

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