Market Trends
REAL ESTATE IN 2016 NASHVILLE TN • MIDDLE TENNESSEE AREA
REAL ESTATE
TO Group TheTHINGS Goodman
615.476.2953 615.444.7100 West Main Realty & Auction
INVENTORY LINKS & AREAS WE SERVE 15
95
94 13
1-8
9 11 93
10 21-32
16
18
BY MLS AREAS Davidson 1-8 Sumner 9 Williamson 10 Wilson 11
Cheatham 13 Robertson 15 Maury 16 Marshall 18
The Goodman Group
Rutherford 21-32 Smith 93 Trousdale 94 Macon 95 615.476.2953 615.444.7100
West Main Realty & Auction
BUYING CLIMATE IN 2016 HOME PRICES TO CONTINUE RISING OVER THE NEXT YEAR, BUT AT A SLOWER PACE THAN IN THE PAST. NATIONALLY, PRICES ROSE ROSE 8% IN 2012, 11% IN 2013, AND 5% IN 2014 BUT ANALYSTS ARE PREDICTING SMALLER GAINS OF 2% – 4% THROUGH 2016. DO NOT rely on third-party sites to give you real-time information and active statues. By the time they get the property uploaded in their system and to you chances are it's already sold and your standing out in the cold. Pick up the phone and call the listing agent or your preferred Realtor for direct access to the current status of a property in Middle Tennessee. You also need to be fully approved by your lender and ready to write a contract because bidding wars are heavily expected in the new year and have already been happening in select markets across the country Nashville being one of them. Mainly focus on location resell value and structural integrity with cosmetic issues being secondary.Try not to be too picky.Interest rates are expected to rise in small increments.So if you plan to stay put for a while, and you feel pretty good about your employment and income situation, 2016 might be a great time to buy a home.We study your local real estate market to see what home prices are doing, and what they are expected to do over the next year or so. This will help you time your purchase to avoid paying more for a house. If you live in an area where house values are expected to rise steadily, you might be better off moving sooner rather than later.Contact Joseph Goodman at 615-476-2953 to start planning strategies for your 2016 real estate purchase investment.
RENT PRICES ARE EXPECTED TO CONTINUE TO CLIMB IN THE NEW YEAR, WHICH MEANS IN MOST CITIES, BUYING WILL BE CHEAPER THAN RENTING.
The Goodman Group
615.476.2953 615.444.7100 West Main Realty & Auction
SELLING CLIMATE IN 2016 HOMES ARE SELLING EVEN FASTER THAN IN THE PRE-RECESSION YEARS. MORE THAN A QUARTER (28 PERCENT) OF TODAY’S SELLERS WERE ABLE TO SELL THEIR HOME IN LESS THAN TWO WEEKS. BY COMPARISON, ONLY 19 PERCENT OF HOMES SOLD IN THAT TIME FRAME IN 2006-2007. SELLING in 2016 with inventory being lowest in 10 years properties in the Middle Tennessee area are bringing a premium when marketed correctly to the right audiences.If you have to sell in order to purchase we highly recommend that your property be actively on market with steady showings occurring because simultaneous closings will almost be a necessary plus you have to add the new TRID regulations into the process which is expected to cause delays the first quarter of 2016.If you set a price from 5% to 10% above the market, you're more apt to get an offer close to your home's real value than if you start much higher and force your listing to go stale. However, if your home has better qualities than area comps, you have a bit more latitude.Date of deed is a good option in case the seller needs extra time to vacate or lender delays.Some transactions can take up to 60 days depending on the property and the lender.Different properties require different financing.The biggest tax break for ordinary taxpayers is still the exclusion on capital gains for the sale of a personal residence. Single taxpayers can exclude up to $250,000 in gains from the sale of a home from tax, and joint filers get a doublesized exclusion of $500,000.Contact Joseph Goodman at 615-476-2953 to start planning strategies to sell your real estate investment in 2016.
LESS THAN HALF OF TODAY’S SELLERS TAKE THE FIRST OFFER THEY RECEIVE, DOWN FROM NEARLY 60 PERCENT DURING THE RECESSION AND IN THE EARLY YEARS OF THE RECOVERY. Recently Solds Video Link The Goodman Group
615.476.2953 615.444.7100 West Main Realty & Auction
A"ached & Detached Single Family
DAVIDSON -NASHVILLE TN AREAS 1-8 January through November
2014 $266,500 69 8,192 97.87%
Average Sales Price Average Days On Market ProperLes Sold % Sold Price To List Price
2015 $296,909 57 9,037 98.42%
% Change
2014 $224,449
2015 $237,050
77 2,712 97.00%
70 3,126 98.10%
% Change +5.31% -9.09% +13.24% +1.10%
2015 $474,250 60 4,672 98.70%
% Change +4.01% -2.40% +9.05% +0.5%
+10.25% -12% +9.35% +0.55%
A"ached & Detached Single Family
SUMNER -HENDERSONVILLE AREA 9 January through November Average Sales Price Average Days On Market ProperLes Sold % Sold Price To List Price
A"ached & Detached Single Family
WILLIAMSON -FRANKLIN AREA 10 January through November
2014 $455,191 64 4,249 98.02%
Average Price Average Days On Market ProperLes Sold % Sold Price To List Price
The Goodman Group
615.476.2953 615.444.7100 West Main Realty & Auction
The data comes in part from the Internet Data Exchange Program of RealTracs Solutions.
A"ached & Detached Single Family
WILSON -MOUNT JULIET AREA 11 January through November
2014 $247,206 66 2,273 98.40%
Average Sales Price Average Days On Market ProperLes Sold % Sold Price To List Price
2015 $259,867 59 2,439 98.60%
% Change +4.87% -11.86% +6.80% +0.02%
A"ached & Detached Single Family
RUTHERFORD -MURFREESBORO AREAS 21-32 January through November Average Sales Price Average Days On Market ProperLes Sold % Sold Price To List Price
2014 $190,008
2015 $208,445
66 4,486 98.06%
54 4,970 98.75%
% Change +8.84% -22.20% +9.72% +0.69%
2014 $123,310 108 349 95.04%
2015 $134,869 91 420 96.60%
% Change +8.57% -18.69% +15.37% +1.56%
A"ached & Detached Single Family
MARSHALL AREA 18 January through November Average Price Average Days On Market ProperLes Sold % Sold Price To List Price
The Goodman Group
615.476.2953 615.444.7100 West Main Realty & Auction
The data comes in part from the Internet Data Exchange Program of RealTracs Solutions.
A"ached & Detached Single Family
CHEATHAM -ASHLAND CITY AREA 13 January through November
2014 $166,873 88 465 96.07%
Average Sales Price Average Days On Market ProperLes Sold % Sold Price To List Price
2015 $183,930 78 536 97.40%
% Change
2014 $167,581 83 799 97.01%
2015 $179,487 78 977 98.70%
% Change +6.63% -6.41% +18.21% +1.69%
2014 $172,572 88 1235 96.70%
2015 $193,308 79 1,420 96.60%
% Change +8.57% -11.39% +13.02% +1.56%
+9.72% -12.82% +13.24% +1.33%
A"ached & Detached Single Family
ROBERTSON -WHITE HOUSE AREA 14 January through November Average Sales Price Average Days On Market ProperLes Sold % Sold Price To List Price
A"ached & Detached Single Family
MAURY-SPRING HILL AREA 16 January through November Average Price Average Days On Market ProperLes Sold % Sold Price To List Price
The Goodman Group
615.476.2953 615.444.7100 West Main Realty & Auction
The data comes in part from the Internet Data Exchange Program of RealTracs Solutions.
A"ached & Detached Single Family
SMITH -GORDONSVILLE AREA 93 January through November
2014 $120,544 118 160 94.80%
Average Sales Price Average Days On Market ProperLes Sold % Sold Price To List Price
2015 $125,724 115 185 95.80%
% Change
2014 $125,087 135 69 94.20%
2015 $138,231 82 74 96.00%
% Change +9.50% -64.63% +6.75% +1.80%
2014 $98,036 124 161 93.90%
2015 $112,803 122 188 95.50%
% Change +13.09% -1.64% +14.36% +1.60%
+4.12% -2.60% +13.51% +1.00%
A"ached & Detached Single Family
TROUSDALE -HARTSVILLE AREA 94 January through November Average Sales Price Average Days On Market ProperLes Sold % Sold Price To List Price
A"ached & Detached Single Family
MACON -LAFAYETTE AREA 95 January through November Average Price Average Days On Market ProperLes Sold % Sold Price To List Price
The Goodman Group
615.476.2953 615.444.7100 West Main Realty & Auction
The data comes in part from the Internet Data Exchange Program of RealTracs Solutions.
FEATURED PROPERTIES
FIVE OAKS OF LEBANON,TN MLS No.1690320 | $434,900
Custom execuLve one level all brick home with elegant trim work and private treed lot only 30 minutes to Nashville. Email:
[email protected] LINK TO FULL VIDEO
PLANTATION HOME ON 34 ACRES MLS No.1675991 | $449,000
Perched 800f above sea level in Smith County with 360 pinnacle views of rolling hills.Located in Smith County TN off exit 254. Email:
[email protected] LINK TO FULL VIDEO
JUST OFF SOUTH HARTMANN MLS No.1690320 | $575,000
All brick custom home on 2 acres located off South Hartmann Drive.Surrounded by large scale commercial developments. Email:
[email protected] LINK TO FULL VIDEO
lake front 3.55 acres gated
S P R I N G O F 2 016 Some of the most rarest and pristine water frontage Mount Juliet Tennessee has to offer with 3 mile lake views situated in its own on private cove beside the main channel with 3.55 gated acres.Has 375 feet of Corps of Engineers frontage with a very gentle slope to the shoreline along with a double boat dock,inground pool,jetty,3 bedroom 2.5 bath home has 2286sf home and large commercial outbuilding.Located on Saundersville Rd. Offering at $1.4 million.Email us for additional information at
[email protected] Proof of funds required upon showing.
BENEFIT: Partnering with us to market your home guarantees the utmost in quality service and exposure, regardless of price point. 204 Bahia Mar Pt Hendersonville, TN-Sold
The Goodman Group
615.476.2953 615.444.7100 West Main Realty & Auction