Nashville Real Estate Talk

This article helped bring over 30 buyers to visit this home and sparked a bidding war that brought the Owners $14,000 more than they were asking for.

Marketing List for this home.  These are the things that were done to bring Buyers.

This Mt. Juliet home owners’s company needed him to relocate to their home office so badly that they bought his home and they are offering it for $40,000 less than he paid for it just 3 years ago.

Beautiful Home in Willoughby Station, Mt. Juliet

Willoughby station, Mt. Juliet’s first planned community, is known for it’s great family atmosphere, . The pools, the recreation area, tennis courts and the great local schools.  But there is another aspect to Willoughby that is not so well known. The executive homes up on Sydney Terrace ridge.

4 Bedrooms, 3 full Baths, Fully fenced and private backyard with covered Deck.

These homes were built in 2007 and 2008 and were designed for the younger executive  home buyers who began moving to Mt. Juliet then.  These buyers wanted Open Floor Plans,  Amazing kitchens where they could entertain as well as cook and great outdoor spaces.

The builders response was Willoughby Station Phase 8.  The builder set apart the most sought after lots, those with views and pastoral settings, and built these homes there.

Now we have one of these lovely homes with 4 bedrooms, 3 full baths and almost 3400 sq.ft. available for just $262,000

Curb Appeal

Brick and stacked stone are used to create a contemporary look. The front porch looks south and has afternoon light all year long.  Dormers tower above the second story adding a classic style.

Living Areas

Walking into the home you are presented with 3 choices: the large open room to your left is designed for either an office or a library.

To the right is the formal Dining Room with Hardwoods again, Chair Rail and Crown Molding. The towering stairway in the front of the house is classic.

Each room is painted in neutral colors.

The focal point of the home is the Living Area and Kitchen, melded into one large space , perfect for entertaining or just “staying in”.

The Kitchen   is a real stunner. Gleaming Hardwoods and rows of Cherry hardwood cabinets.

Outdoor Living Space

The homeowners invested in terracing their backyard, privacy fencing and this covered porch as well as a Patio.

One of two pools for families in Willoughby Station

Schools

Mt. Juliet Schools are consistently rated in the top 3 of the state.

The local schools are:

Mt. Juliet Elementary

Mt. Juliet Middle school

Mt. Juliet High School- Winner of SCORE Award for academic achievement

All three schools are within 5 minutes of this home. All three have bus service to this neighborhood

Public Transportation

This home is 5 minutes from the Mt. Juliet Music City Star station. This light rail commuter line provides trains into Nashville for commuters.

Parks and Recreation

Mt. Juliet is bordered on two sides by large recreation Lakes. The city is often called “the City Between the Lake”. Additionally there are 3 State parks within minutes of this home.

Percy Priest lake

Old hickory Lake

Long Hunter State park

Cedar Creek State Park

Cedars of  Lebanon State Park

Boating, fishing, horse back riding and camping are all available.

For further details on this house or to have a private showing, call Jim & Cathy at 615-347-4424

Willoughby Station and Providence Neighborhoods Lead  Home Sales in Mt. Juliet for 2011

Home sales in Mt. Juliet continue to surprise everyone even the local Realtors.  Through October of 2011 Mt. Juliet has seen 694 homes sold.

One of the Two Pools at Willoughby Station

That number comes into focus hen you realize that there are only 730 homes on the market in Mt. Juliet. That’s almost 100% turnover in 11 months.  Unheard of.

Mt. Juliet home sales were almost evenly divided between new and Existing homes too.  There have been 295 new homes to close in Mt. Juliet so far  in 2011.  399 existing homes  have also closed

The leading subdivision for existing home sales has been Providence with 25 sales followed closely by Willoughby Station with 22.

The Movie Theater at Providence

As for New homes in Mt. Juliet, Providence leads the pack with 88., no other neighborhood comes close to that.

Providence and Willoughby Station  share several key attributes which explains their success.

Both have great local schools, Mt. Juliet Elementary for Willoughby and Rutland Elementary for Providence.  Both have amazing family areas and Pools.  Both are great walking neighborhoods.

Providence has the great shopping and restaurants at Providence Market Place. Willoughby is close to the commuter rail station for the Music City Star connecting Mt. Juliet to Hermitage, Donelson and Nashville.

Providence offers new homes and a growing 55 and Older Community at Lake Providence Dell Web, While Willoughby Station has larger yards and a more laid back lifestyle.

Either way home buyers can’t go wrong with Mt. Juliet.

Search Mt. Juliet Homes at:

MtJulietHomeSearcher.com

Waiting for Next Year to Sell your Nashville Area Home? Don’t Count on it.

Many of you are thinking about waiting to sell your Mt. Juliet, Brentwood or Nashville homes in 2012 when many people think the market for Nashville homes will improve.   According to a board of 110 economists you may be mistaken.

Although the number of homes sold will improve, prices may not.

Zillow asked those economists to forecast home appreciation over the next 5 years.  They estimated that through 2015 Home Prices will see a very modest 1.1 % improvement ( see Chart below), .  More importantly, the current price slippage is not finished.  As the recent Case-Shiller Price Index  revealed, home prices over the last year have fallen 3.8% nationally.

On top of that, Nashville’s Realtors (GNAR) stated recently that our local home values had slid 5% during that period.

“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.”

It appears then that Nashville home prices are sliding at a 30% higher rate than the rest of the country.

Why?

Because the Nashville area has been surprisingly resilient, up to now.  However, the glut of foreclosures and shortsales that have bedeviled the U.S has finally come to Nashville.   And remember, one foreclosure can lower home values by as much as 3-5% in your neighborhood.  So if you have decided to sell your home, don’t wait, get it on the market with a good marketing Realtor and price it to sell NOW!

Macro Markets Report November 2, 2011