MusicCity Winter 2015

www.DavisGroupRealEstate.comwww.SylvanParkHomes.com

r e a l e s t a t e g u i d e

We’re less than 30 days away from Spring—it can’t get here soon enough! I’m late in getting my 2015 Calendars out, which is due to the market heating up early and keeping us busy! If you’re thinking about buying or selling this year, NOW IS THE TIME to give me a call. The Nashville market is low on inventory—we need more Sellers for all of the Buyers flooding the market right now! Please call me for a private, no-hassle introduction to my Home Seller and Home Buyer Programs!

The last 8 years have seen the bubble burst, many homeowners go under, and, as of the last 2 years, a seemingly miraculous rebound in many areas of Middle Tennessee. From the Nashville Area Metropolitan Planning Organization: Nashville is expected to grow by another 267,000 persons in the next 10 years: (http://www.nashvillempo.org/growth/). Think that’s not a lot of people? It is when you consider future housing needs and necessary upgrades to our infrastructure!

On page 2, you will find my Annual Neighborhood Market Summary, which compares property sales from 2013 vs. 2014. I hope you will find this interesting and informative. For comparables specific to your property, please give me a call directly at 615-593-0305.

SEE THIS ONLINE AT:http://issuu.com/davisgrouprealestate

...Where Mortgage Is Our Only Business

Branch ManagerLeslie A Light

llight@highlandsmortgage.comwww.highlandsmortgage/agents/leslie-light.com

Hendersonville TN 370751050 Glenbrook Way Suite 150

Highlands Residential Mortgage

615-647-5931615-594-6245

FaxDirect

NMLS# 156910

One Year IncomeConsidered For SelfEmployed Borrowers

•

Non Warrantable CondosAllowed

•

Expanded Debt RatiosAvailable

•

Asset Based Incomeallowed on Jumbo LoanPrograms

•

Credit Scores Down to600 On FHA Programs

•

 

*Local Processing andUnderwriting*  

A View That Makes A Difference 

 

Branch NMLS#1173149  30 Burton Hills Blvd, Suite 400, Nashville, TN 37215 Corporate: 12001 N. Central Exp, Suite 750, Dallas, TX 75225. NMLS# 134871. Licensed under Texas State law and subject to regulatory oversight by the Texas Department of Savings and Mortgage Lending. Consumer complaints against Highlands Residential Mortgage should be sent, in writing to the Texas Department of Savings and Mortgage Lending,  2001 North Lamar, Suite 201, Austin, Texas 78705, or call  toll free 1-877-276-5550.  This material is for informational purposes only, subject to change without notice and should not construed as investment and/or mortgage advise. This is not an offer for an extension of credit or a commitment to lend.

321 54th Ave NorthSylvan Park

3 structures / 5 rental units

320 Old Hickory Blvd, #1810Eagle Ridge at The Reserve, Bellevue

2BR 2BA

Featured Listings

* One Year of Income Considered for Self-Employed Borrowers

* Non-Warrantable Condos Allowed

* Expanded Debt Ratios Available

* Asset-Based Income allowed on Jumbo Loan Programs

* Credit Scores down to 600 on FHA Programs

* Local Processing and Underwriting

Bellevue Belle Meade Belmont/Vandy Brentwood

2013 2014 2013 2014 2013 2014 2013 2014

0-999 sq.ft. $165,000/$178sf $80,000/$85sf N/A N/A $247,000/286sf $296,000/$334sf N/A N/A

1,000-1,499 sq.ft. $163,000/$121sf $161,000/$123sf $385,000/$305sf N/A $295,000/$228sf $305,000/$240sf $291,000/$198sf $559,000/$399sf

1,500-1,999 sq.ft. $198,000/$111sf $205,000/$116sf $570,000/$298sf $498,000/$289sf $385,000/$225sf $404,000/$234sf $302,000/$170sf $321,000/$181sf

2,000-2,499 sq.ft. $230,000/$103sf $248,000/$110sf $573,000/$268sf $628,000/$296sf $489,000/$217sf $456,000/$199sf $330,000/$155sf $380,000/$168sf

2,500-2,999 sq.ft. $271,000/$99sf $283,000/$103sf $608,000/$227sf $685,000/$256sf $631,000/$225sf $604,000/$218sf $402,000/$145sf $447,000/$160sf

3,000+ sq.ft. $359,000/$99sf $375,000/$104sf $1.6mil/$305sf $1.5mil/$290sf $803,000/$208sf $831,000/$223sf $763,000/$153sf $789,000/$162sf

closed sales 562 552 72 51 126 123 863 879

overall average $231,000/$119sf $225,000/$107sf $747,000/$281sf $828,000/$283sf $475,000/$232sf $483,000/$241sf $418,000/$164sf $499,000/$214sf

% change -3% +11% +2% +19%

Crieve Hall East Nashville Franklin Germantown (homes)

2013 2014 2013 2014 2013 2014 2013 2014

0-999 sq.ft. N/A $229,000/$262sf $184,000/$197sf $193,000/$223sf $107,000/$124sf $127,000/$145sf $134,000/$136sf N/A

1,000-1,499 sq.ft. $217,000/$161sf $237,000/$182sf $204,000/$160sf $238,000/$185sf $184,000/$143sf $220,000/$171sf $196,000/$153sf $277,000/$205sf

1,500-1,999 sq.ft. $240,000/$142sf $262,000/$154sf $289,000/$168sf $326,000/$185sf $260,000/$146sf $281,000/$157sf $290,000/$161sf $391,000/$221sf

2,000-2,499 sq.ft. $291,000/$129sf $295,000/$133sf $359,000/$163sf $398,000/$175sf $319,000/$141sf $337,000/$148sf $343,000/$158sf $414,000/$188sf2,500-2,999 sq.ft. $295,000/$112sf $296,000/$113sf $422,000/$157sf $449,000/$166sf $382,000/$138sf $402,000/$145sf $461,000/$165sf $603,000/$230sf

3,000+ sq.ft. $302,000/$99sf $339,000/$105sf $438,000/$132sf $561,000/$170sf $636,000/$146sf $659,000/$154sf $490,000/$145sf $700,000/$206sf

closed sales 108 143 152 165 2071 2033 60 55

overall average $269,000/$129sf $276,000/$158sf $316,000/$163sf $361,000/$184sf $315,000/$140sf $338,000/$153sf $319,000/$153sf $477,000/$210sf

% change +3% +14% +7% +50%

Germantown (condos) Green Hills The Gulch (condos) Oak Hill/Forest Hills

2013 2014 2013 2014 2013 2014 2013 2014

0-999 sq.ft. $189,000/$254sf $206,000/$299sf N/A $410,000/$426sf $307,000/$392sf $324,000/$409sf N/A N/A

1,000-1,499 sq.ft. $279,000/$211sf $314,000/$232sf $326,000/$247sf $328,000/$248sf $461,000/$380sf $483,000/$404sf $354,000/$245sf N/A

1,500-1,999 sq.ft. $372,000/$221sf $397,000/$226sf $365,000/$210sf $363,000/$205sf $910,000/$495sf N/A $355,000/$204sf $400,000/$226sf

2,000-2,499 sq.ft. $484,000/$229sf $430,000/$205sf $417,000/$186sf $466,000/$201sf N/A $900,000/$440sf $374,000/$163sf $443,000/$194sf

2,500-2,999 sq.ft. N/A N/A $493,000/$179sf $544,000/$194sf N/A N/A $505,000/$184sf $524,000/$187sf

3,000+ sq.ft. N/A N/A $743,000/$189sf $816,000/$200sf N/A N/A $862,000/$180sf $950,000/$206sf

closed sales 36 27 175 204 67 62 110 125

overall average $331,000/$229sf $337,000/$241sf $469,000/$202sf $488,000/$246sf $559,000/$422sf $569,000/$418sf $490,000/$195sf $579,000/$203sf

% change +2% +4% +2% +18%

Richland/West End Sylvan Park 12 South West Meade

2013 2014 2013 2014 2013 2014 2013 2014

0-999 sq.ft. N/A $308,000/$313sf $277,000/$258sf $245,000/$293sf N/A $321,000/$397sf N/A N/A

1,000-1,499 sq.ft. $306,000/$243sf $375,000/$313sf $273,000/$212sf $285,000/$236sf $276,000/$221sf $327,000/$256sf $234,000/$178sf $250,000/$190sf

1,500-1,999 sq.ft. $327,000/$183sf $418,000/$238sf $322,000/$186sf $362,000/$209sf $347,000/$194sf $415,000/$236sf $291,000/$161sf $283,000/$163sf

2,000-2,499 sq.ft. $492,000/$213sf $480,000/$206sf $433,000/$193sf $459,000/$205sf $454,000/$199sf $510,000/$227sf $323,000/$144sf $359,000/$161sf

2,500-2,999 sq.ft. $562,000/$200sf $617,000/$226sf $526,000/$189sf $552,000/$204sf $548,000/$201sf $582,000/$213sf $381,000/$139sf $392,000/$145sf

3,000+ sq.ft. $813,000/$235sf $807,000/$231sf $586,000/$181sf $645,000/$196sf $685,000/$199sf $669,000/$198sf $688,000/$166sf $705,000/$171sf

closed sales 28 52 103 117 73 85 123 111

overall average $500,000/$215sf $601,000/$255sf $395,000/$203sf $425,000/$224sf $462,000/$203sf $471,000/$255sf $383,000/$158sf $398,000/$166sf

% change +20% +8% +2% +4%

Kimberly Davis, Vice President, Realtor® I 1212 6th Ave North, Suite 200 I Nashville, TN 37208 cell 615.593.0305 I office 615.373.4347 x35

www.DavisGroupRealEstate.com I www.SylvanParkHomes.com

ANNUAL NEIGHBORHOOD MARKET SUMMARY - 2013 vs. 2014 All sales included are taken solely from the Multiple Listing Service (MLS) and include Residential sales only (except where noted). Statistics show Avg.SalesPrice/Price Per Sq.Ft. These statistics

include varying property conditions, and are assumed to be entered accurately by the original Listing Agent(s). For comparables specific to your home’s type, condition and size,

call Kim at 615-593-0305