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Realtor, Tennis Player, Titans & Vols Fan, Nashvillian… Live! Work! Play! in Middle Tennessee

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a great opportunity to own this Normandy Lake dream home

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207ThomaLane eblast041417.pub

KENNETH BARGERS REALTOR® License 318311 | Pilkerton Realtors License 257352
(615) 512-9836 cellular • (615) 915-5901 facsimilekb@bargers-solutions.com email
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(615) 371-2474 office • (615) 371-2475 facsimile • 2 Cadillac Drive, Brentwood TN 37027 address

Middle Tennessee Home Sales See Strong Spring Start in March

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Middle Tennessee Home Sales See Strong Spring Start in March
Press Release by Greater Nashville REALTORS® | April 7, 2017

HomeforSale500w 0417NASHVILLE, Tenn. (April 7, 2017) – There were 3,420 home closings reported for the month of March, according to figures provided by Greater Nashville REALTORS®. This figure represents an 8.9 percent increase compared to the 3,141 closings in March 2016.

Data for the first quarter of 2017 showed 8,338 closings, up 9.7 percent from the 7,601 closings during the first quarter of 2016.

“March was a very strong month for our region’s housing market with sales up almost 9 percent,” said Greater Nashville REALTORS® President Scott Troxel. “We were exactly 96 units short of tying the mark for the best March on record, which is March 2006. A stronger economy and growing consumer confidence enable our region to continue to experience positive growth that rivals our market’s best years.”

“Mortgage interest rates have risen slightly in the past month, which can nudge potential buyers to act more quickly,” said Troxel. “Interest rates are very important for homebuyers and they get that. The rate can begin to impact whether a buyer can qualify for the home they want. Locking in at the lowest interest rate is a motivating factor for many buyers.”

There were 3,602 sales pending at the end of March, compared with 3,285 pending sales at this time last year. The average number of days on the market for a single-family home was 50 days.

The median residential price for a single-family home during March was $273,500 and for a condominium it was $199,900. This compares with last year’s median residential and condominium prices of $245,000 and $181,894, respectively.

Inventory at the end of March was 10,710, down from 11,951 in March 2016.

“April is Fair Housing Month, and as Realtors, we strive to help all who desire to own a home to become a homeowner. We are advocates for all current and future homeowners, and we will continue working to ensure housing is available to all,” said Troxel.

### Greater Nashville 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 REALTORS® Press Release 040717

KENNETH BARGERS REALTOR® License 318311 | Pilkerton Realtors License 257352
(615) 512-9836 cellular • (615) 915-5901 facsimilekb@bargers-solutions.com email
bargers-solutions.com webkennethbargers.com blogSearch Properties
(615) 371-2474 office • (615) 371-2475 facsimile • 2 Cadillac Drive, Brentwood TN 37027 address

Written by Kenneth Bargers

April 11, 2017 at 9:59 pm

Just Listed: a Normandy Lake Southern Gem!

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Just Listed: a Southern Gem!… This 7,267 southern living gem is a true custom-home including custom millwork and cabinetry, solid cherry floors, murals, stained glass, custom paint, Swarovski crystal chandeliers throughout. The outdoor living includes 25-acres surrounded by 250-acres of corp property, two logging trails to the lakeshore, year-round stream, well, spa, fire pit, and outdoor kitchen. Please visit www.207ThomaLane.com to view details

KENNETH BARGERS REALTOR® License 318311 | Pilkerton Realtors License 257352
(615) 512-9836 cellular • (615) 915-5901 facsimilekb@bargers-solutions.com email
bargers-solutions.com webkennethbargers.com blogSearch Properties
(615) 371-2474 office • (615) 371-2475 facsimile • 2 Cadillac Drive, Brentwood TN 37027 address

Written by Kenneth Bargers

March 7, 2017 at 9:15 pm

Best January on Record for Middle Tennessee Housing Market

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Best January on Record for Middle Tennessee Housing Market
Press Release by Greater Nashville REALTORS® | February 7, 2017

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Natchez Trace Bridge

NASHVILLE, Tenn. (Feb. 7, 2017) – There were 2,411 home closings reported for the month of January, according to figures provided by Greater Nashville REALTORS®. This figure is up 11.2 percent from the 2,167 closings reported for the same period last year.

“Our market just proved you can buy and sell a home during the winter,” said Greater Nashville REALTORS President Scott Troxel. “The winter months are actually a good time for serious buyers. There are fewer properties on the market, but there is also less competition for those properties.

“Not only did we see the best January on record, our market performed better in January than it did in either January or February of last year,” continued Troxel. “Pending sales numbers are also higher. Punxsutawney Phil might have seen his shadow, suggesting six more weeks before we see spring weather, but our data indicates our market may enter the spring selling season sooner.”

There were 2,755 sales pending at the end of the month, compared with 2,212 pending sales at this time last year. The average number of days on the market for a single-family home was 57 days.

The median residential price for a single-family home during January was $261,500 and for a condominium it was $184,350. This compares with last year’s median residential and condominium prices of $242,668 and $179,900, respectively.

Inventory at the end of January was 10,025, compared with 11,352 in January 2016.

“One item to watch will be the impact of President Trump’s suspension on the 25-basis point reduction of mortgage interest premiums on FHA loans,” said Troxel. “Many first-time and low- to moderate-income buyers look to FHA loans as part of their path to homeownership. Realtors are letting the administration know both the importance and impact of FHA loans on the housing market.”

### Greater Nashville 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: Press Release by Greater Nashville REALTORS®, 020717

KENNETH BARGERS REALTOR® License 318311 | Pilkerton Realtors License 257352
(615) 512-9836 cellular • (615) 915-5901 facsimilekb@bargers-solutions.com email
bargers-solutions.com webkennethbargers.com blogSearch Properties
(615) 371-2474 office • (615) 371-2475 facsimile • 2 Cadillac Drive, Brentwood TN 37027 address

Normandy Lake Luxury Home Coming Soon!

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207thomacomingsoon-copy

Normandy Lake Luxury Home Coming Soon!

8,000 s.f. custom-home with 25-private acres and lake easement; 5 Bed, 4/1 Bath, 5-Car Garage… Middle Tennessee artisans contributed to woodwork, stained glass and murals throughout the home.

This is a rare offering for southern Middle Tennessee. Expected launch date mid-to-late February 2017. Please contact me if interested for further details.

KENNETH BARGERS REALTOR® License 318311 | Pilkerton Realtors License 257352
(615) 512-9836 cellular • (615) 915-5901 facsimilekb@bargers-solutions.com email
bargers-solutions.com webkennethbargers.com blogSearch Properties
(615) 371-2474 office • (615) 371-2475 facsimile • 2 Cadillac Drive, Brentwood TN 37027 address

Middle Tennessee Home Sales Finish with a Strong Fourth Quarter

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Middle Tennessee Home Sales Finish with a Strong Fourth Quarter
Press Release by Greater Nashville REALTORS® | January 9, 2017

franklintheat125x150NASHVILLE, Tenn. (Jan. 9, 2017) – There were 3,280 closings during the month of December, according to figures provided by Greater Nashville REALTORS® (formerly the Greater Nashville Association of REALTORS). This is a 2.7 percent increase from the 3,194 closings reported for the same period in 2015.

Fourth quarter closings were 9,582 for the Middle Tennessee area. That total is an 11 percent increase from the 8,621 closings during the fourth quarter of 2015.

Final numbers for 2016 indicate there were 38,954 homes sold in the region. Compared to the 36,873 closings in 2015, the total sales for 2016 were up 5.6 percent.

“2016 was an excellent year for real estate in Middle Tennessee,” said Greater Nashville REALTORS President Scott Troxel. “Median prices rose, which was a plus for those selling last year. For buyers, interest rates remained low and for those who we were ready for homeownership, the opportunity to buy was there.

“In particular, the fourth quarter of the year was very solid. According to the data we have available to us, the last quarter of 2016 was the strongest fourth quarter for home sales our region has experienced,” said Troxel. “In terms of the market as a whole, it was the best Greater Nashville has seen in a decade.”

There were 2,612 sales pending at the end of December, compared with 2,678 pending sales at this time last year. The average number of days on the market for a single-family home was 50 days.

The median price for a residential single-family home was $266,408, and for a condominium it was $180,000. This compares with last year’s median residential and condominium prices of $242,945 and $194,183, respectively.

Inventory at the end of December was 9,901 down from 10,846 in December 2015.

“We have a healthy foundation to build on as we enter 2017. For those who will be buying or selling real estate this year, the marks of a good economy – job growth, wage growth, consumer confidence – remain,” said Troxel. “Inventory will continue to plague Nashville’s market, as well as many other markets across the country. Working with a real estate professional, a Realtor, will be a marked advantage to consumers in search of the right property.”

### Greater Nashville 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 REALTORS® Press Release 010917

KENNETH BARGERS REALTOR® License 318311 | Pilkerton Realtors License 257352
(615) 512-9836 cellular • (615) 915-5901 facsimilekb@bargers-solutions.com email
bargers-solutions.com webkennethbargers.com blogSearch Properties
(615) 371-2474 office • (615) 371-2475 facsimile • 2 Cadillac Drive, Brentwood TN 37027 address

Written by Kenneth Bargers

January 9, 2017 at 2:25 pm

Middle Tennessee Sees Largest Home Sales Gain in November

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Middle Tennessee Sees Largest Home Sales Gain in November
Press Release by the Greater Nashville Association of REALTORS® | December 7, 2016

homeforsaleNASHVILLE, Tenn. (Dec. 7, 2016) – There were 2,978 home closings reported for the month of November, according to figures provided by the Greater Nashville Association of REALTORS®. This figure is up 24 percent from the 2,397 closings reported for the same period last year.

Year-to-date closings through November are 35,674, a 6 percent increase from the 33,679 closings reported through November 2015.

“Although we experienced a substantial increase in closings this November as compared to last November, our monthly trending this year is in line with typical market trends this time of year. The numbers of closings are high, but have shown fewer closings month by month since the summer,” said GNAR President Denise Creswell.

“Various factors play into the 24 percent increase we saw over 2015, including the end of the year approaching and the threat of rising interest rates,” said Creswell. “Many people locked in their rates in October in anticipation of rising interest rates after the election, and they have edged up slightly. We will likely see the interest rate factor be a boost to home sales in December, as well.”

There were 2,774 sales pending at the end of the month, compared with 2,516 pending sales at this time last year. The average number of days on the market for a single-family home was 49 days.

The median residential price for a single-family home during November was $259,900, and for a condominium, it was $182,390. This compares with last year’s median residential and condominium prices of $231,925 and $178,002, respectively.

Inventory at the end of November was 11,225, compared to 12,433 in November of last year.

“New construction is also adding to the increase this time of year. New construction starts are up across the country, and Middle Tennessee saw 200 more new construction units close in November than November 2015,” said Creswell.

“November saw our biggest sales gain all year compared to last year, and it also saw our lowest days on market average as far back as our records go,” said Creswell. “We say it almost every month with the release of market data, and it bears repeating again: with our ever-tightening inventory supply, being prequalified and ready to make an offer quickly is critical for buyers, even in the colder months.”

### 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 110716

KENNETH BARGERS REALTOR® License 318311 | Pilkerton Realtors License 257352
(615) 512-9836 cellular • (615) 915-5901 facsimilekb@bargers-solutions.com email
bargers-solutions.com webkennethbargers.com blogSearch Properties
(615) 371-2474 office • (615) 371-2475 facsimile • 2 Cadillac Drive, Brentwood TN 37027 address
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