Middle Tennessee Regional Multiple Listing Service.
Nashville Tennessee Homes Search
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listed for sale in Tennessee by price and location as
provided by the official MLS board RealTracs* of Middle Tennessee.
Click for Newly Listed homes, lofts and condos
Click on any part of the map below to search for homes for sale in that area of Nashville Tennessee Real Estate using price, number of bedrooms & bathrooms, minimum sq ft, year built and more. Some homes have video tours too.
To research Nashville schools(public and private) just click HERE For access to the State of Tennessee Report Card HERE
Click on "Nashville" itself to search Nashville Middle Tennessee homes and the real estate market and homes for all the surrounding areas and cities such as Franklin Tennessee, Brentwood, Hendersonville, Gallatin and many more.
Click HERE for the latest homes to be auctioned
Click HERE for Nashville Foreclosure Homes
Latest Nashville Tennessee Real Estate News
There were 1,748 home closings reported for the month of October 2008, based onthe most recent statistics supplied by the Greater Nashville Association of Realtors®. This indicates a decrease of 29.7 percent from the 2,487 closings in October 2007.
There have been 21,581 closings year-to-date in 2008. This is a 27.7 % decrease compared to the 29,852 closings Jnauary to October 2007.
“The number of closings for October are down at a rate consistent with recent trends. The same is true for the median price of a home,” said GNAR President Mandy Wachtler. “There seems to have been some hesitancy among buyers related to the election and financial crisis, Now that the election is done and some clear steps have been taken to address the financial situation it is possible that people will feel more comfortable moving forward with purchasing a home."
The median residential price for a single-family home during October was $170,000, and for a condominium it was $152,500. The values of median residential and condominium prices in 2007 was $180,400 and $175,579 respectively.
“Current market conditions remind me of the early 1990s, when we did an advertising campaign using the line “Yes! You Can Buy!” As was the case then, a lot of people seem to think there is no money available to loan on homes. Quite the opposite is true, and talking to a real estate professional may help people learn of options available to them right now,” said Wachtler. Source GNAR
More GNAR Sales Statistics click HERE
Williamson County Real Estate News
9/8/08 the Williamson County Association of REALTORS® announced the sale of homes statistics for Williamson County, TN. for the month of August 2008.
There were 314 residential and condominium closings reported for August, according to figures provided by RealTracs Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area.
Compared to August of 2007, the residential home closings decreased 32% and the median prices for residential homes increased by five %. The average price of a home sold in Williamson County in August 2008 was $439,129 which is down slightly from last year's average for August of $444,824
Days on the market (DOM) for residential homes increased by 24 days to 89 days compared to 65 days in August 2007.
Condominium closings actually increased by 28 percent (11 units). The median prices for condominiums decreased by 2 percent to $192,000 and days on the market also increased by 22 days compared to August 2007.
Past News
On June 9, 2008 The Williamson County Association of REALTORS® announced the sale of homes statistics for Williamson County, Tennessee for the month of May 2008. There were 346 residential and condominium closings reported for the month, according to figures provided by RealTracs® the Middle Tennessee Regional MLS which is the multiple listing service (MLS) used by REALTORS® in the Middle-Tennessee area
Compared to May of 2007, the residential home closings decreased 26 percent and the median prices for residential homes remained the same, with less than a one percent change. This is inline with the GNAR figurs for Nashville home sales.
Days on the market (DOM) for residential homes increased by 24 days to 85 days as compared to May 2007 which was at 61 days.
Condominium closings decreased by 60 percent. The median prices for condominiums decreased by 20 percent and days on the market decreased by 17 days compared to May 2007.
Williamson County Association of Realtors released it's market update for Williamson County on April 14th 2008. This includes Franklin and homes in Brentwood in Williamson County.
Compared to March of 2007, the residential home closings decreased 29 percent and the median prices for residential homes decreased by 1 percent. Days on the market (DOM) for residential homes increased by 16 days or 24 percent as compared to March 2007. Condominium closings decreased by 43 percent. The median prices for condominiums increased by 15 percent and days on the market also increased by 41 percent (17 days) compared to March 2007.
"The Williamson County real estate market is showing signs of waking up after winter hibernation. The time is right for buyers to pick the home of their dreams while interest rates are still favorable and there is a nice selection of inventory. The increase in the median home price is a sign that demand for homes in the ranges above the median is high in Williamson County," said Kathie Moore, 2008 President of the Williamson County Association of REALTORS®. Source WCAR
To see the year end sales statistics 2006-2007 for the real estate markets in Nashville and Williamson County click HERE
Mortgage News
As of Novermber 26th 2008 the FHA rate for a 30 year fixed mortgage has dropped to 5.5% with 0 points and a 1/4 point origination fee. This is a great boost for the real estate market in the United States and the impact has already been felt by the agents in the Ashton Real Estate Group of RE/MAX Elite.
"The number of clients that have seen this as a sign that the market has reached the bottom and have decided to seriously think about actually making an offer is a direct result of the new low mortgage rate.
One of the newest agents on the team, Bridgette Chamberlain, has already had 3 clients making offers on homes. Even in a regular market this would be an impressive feat. The fact that Bridgette has done so well in such a short space of time and in a down market is a testament to the professional standards she has held herself to." says Gary Ashton of the Ashton Real Estate Group of RE/MAX Elite.
Recent Mortgage News
Freddie Mac reports a jump in the 30-year fixed mortgage rate to 6.42 percent during the week ended June 19 from 6.32 percent the prior week, marking a nearly nine-month high. The 15-year fixed mortgage rate rose to 6.02 percent from 5.93 percent, the five-year adjustable mortgage rate climbed to 5.89 percent from 5.70 percent and the one-year ARM jumped to 5.19 percent from 5.09 percent.
Freddie Mac chief economist Frank Nothaft attributes the gains to concerns about inflation after the consumer and producer price indexes for May were issued. Higher mortgage rates sparked an 8.7-percent drop in loan applications in the past week and a 21-percent decline year over year, according to the Mortgage Bankers Association.
[SOURCES: Freddie Mac; Information, Inc.]
Now the election is over it seems that buyers are waiting to see what the new President Obama will do with regards to stimulating the economy and perhaps adding new incentives for home buyers to kick start the national real estate market.
The longer the market sits in a state of flux the bigger the opportunities for the home buyers that do not have any of the traditional contingencies such as sale of their current home. Cash buyers are really in the driving seat and with the help of the realtors with the Ashton Real Estate Group we can really help negotiate some big reductions in sales prices.
RE/MAX Elite Appointment Desk
The good news is the RE/MAX owned Appointment Desk, which sets appointments for showings for realtors from real estate companies throughout Middle Tennessee, is actually showing a steady increase in the number of showings. This reflects the current thinking that home buyers in the Nashville and Tennessee area are seriously looking for homes but they still have a mindset of waiting to see if the Nashville real estate market has reached the rock bottom yet. This can be equated to the consumer waiting for the stores to announce the final clearance sale. Basically no one wants to buy a home and then 2 months later find similar homes selling for less money.
Nashville Foreclosure Homes
The media has focused on the growing number of foreclosures and pre foreclosures and this has now become a buzz word for buyers looking for a great deal. It has to be remembered that a homes value should be based on expert analysis of the recent sales and comparable homes. It is easy to think you are getting a knock down price when really the home was overpriced when it was first listed.
It's also worth bearing in mind that because a builder has gone out of business and the homes are now being foreclosed on that maybe the demand for those homes was a function of the the builder jumping on the real estate boom band wagon and building homes that were rejected by the general home buying public or the location was a major factor. Either way the future resale of the home should be a serious consideration because the foreclosure price may represent the real market value and you'll have to price accordingly when you come to sell the home.
The talk of possible recession is a twin edged sword for the real estate community. The possibility of a rate reduction in the prime interest rate can lead to mortgage rates being reduced but the negative talk can reduce consumer confidence and reinforce the "wait and see" mode of home buyers.
As the weather improved across the United States the traditional season for moving kicked into high gear. Already the number of inquiries regarding real estate to this site and sites like HummerHomes.com, NashvilleHomes.org, www.NashvilleBuyers.com have all reported a significant increase in the last few weeks starting early April 2008. Now that we are heading into the traditional slow season it is clear that the demand has slowed down but the Ashton Real Estate group is still having a lot of success.
Gary Ashton, The Ashton Real Estate Group of RE/MAX Elite and Nashville.com
Gary Ashton, pictured in the front row. Gary is the one not wearing the dress ;)
The Ashton Real Estate Group of RE/MAX Elite & Nashville.com
Gary Ashton and his teams of 17 experienced realtors, Smith Sholar Associates as closing attorneys, Suntrust Bank for mortgages and Archer home inspections have helping buyers find Nashville homes in Nashville Tennessee and the surrounding area for the past 8 years.
As a result of the high level of internet exposure, and one of the most advanced and user friendly interactive mapping sites, The Ashton Real Estate Group of RE/MAX Elite has become one of the most successful real estate teams in the Nashville and Middle Tennessee market. In fact they have just been named as the number 8 team in all of Tennessee with RE/MAX for 2007 and the number 1 team for RE/MAX Elite in Nashville.
Each member of the team takes pride in finding the best possible home for their client's based on the wants and requirements of the home buyers. Many of the clients are from out of state and they rely heavily on the local knowledge of the Ashton Real Estate Group of RE/MAX Elite agents. Working as a team enables the home buyer to have experienced agents for all the areas of Nashville at their disposal.
As the population of Nashville Tennessee grows this adds more and more demands to the real estate market understanding. The market as a whole has put the Ashton Real Estate Group of RE/MAX Elite at the forefront of assisting home buyer's and seller's as the navigate through what can be a tricky real estate journey.
If you would like to talk directly to Gary Ashton please feel free to call:
800 668 6306 or (615) 301 1631 or e-mail directly to Gary
Chat to an agent: Click HERE
Search all the homes listed in the Nashville area with access to up to 10 additional pictures of the home.
You can also create your own Nashville homes search profile and then receive daily updates of new listings and any price reductions that match your search. By creating your home search you will access to the database of Nashville homes listed by licensed realtors in the Middle Tennessee Regional MLS (Realtracs) and be able to keep an eye on how the real estate market is performing in Nashville and the Greater Nashville area.
Pending and Sold Home Information
If you would like to receieve information about pending and sold listings as part of your research on buying a Nashville home and the real estate market in Tennessee click HERE for more information;
About The Nashville Homes Database
The data on this site comes from the Realtrac's MLS Internet Data Exchange (IDX) program and includes 99.5% of all active listings in the Middle Tennessee Regional Multiple Listing Service. If you would access to search 100% of the listings you can do this through the services of the Ashton Real Estate Group Realtors who will be able to create a custom search for you and update you with any new listings or price reductions as the homes come on the market. The advantage of using our search system is that we have access to information regarding the number of days the home has been listed, if it was recently withdrawn and then relisted, if the home is vacant or a foreclosure, if the seller's have bought another home and are now motivated to sell, if the home is under contract contingent on a home inspection etc and much more.
The Nashville Homes For Sale Database
The database of homes and property for sale includes all the major real estate companies including RE/MAX, Coldwell Banker, Century 21, Keller Williams as well as all the smaller regional independent real estate companies such as Crye-Leike and Bob Parks Realty, Fridrich and Clark, Shirley Zeitland and Co. etc.
Of all the homes listed in Middle Tennessee less than 1/2% of agents to don't want their listings to be displayed on the internet data exchange program provided by RealTracs (The official MLS board for Middle Tennessee)
The cities and towns outside Nashville Tennessee have grown and expanded over the years so that even though they are under their own city management they are effectively part of the Greater Nashville area. Having said that they still retain their own unique identities.
About Nashville Tennessee Real Estate
Nashville Tennessee is still a relatively buoyant and booming real estate market which is bucking the national trend. The Nashville real estate values are rising at around 4-10% a year and in certain new subdivisions and communities the appreciation rate is much much higher. All though the buyers market has developed now the Nashville real estate market still shows signs of a steady demand.
Recent statistics are showing a contiued growth even though the appreciation rate has dropped as the market has shifted from the sellers market of the last 3 years to more of a buyers market. This does not mean that homes are being "given" away. Sellers in the current Nashville real estate market are seeing that the time on the market is being extended to more like 80 days as opposed to 20-40 days in the recent past.
The growth in Nashville Tennessee has been steady and consistent and as a result the values of homes in Nashville have held unlike many other real estate markets that have seen a plunge in home values. However, the decline in real estate values across the United States is now being reflected in Nashville with home values reverting back to around the 2006 values.
Home buyers that are looking to move to Nashville from places like Florida are seeing that the sellers here are not under the same presuure to sell and significantly reduce their asking price but sellers are becoming more and more motivated to sell to take advantage of the deals to be had when they buy.
The expansion of Nashvilles economy has led to the growing number of estate homes in the upscale communities surrounding Nashville, Brentwood and Franklin as well as the traditional "old money" markets concentrated in areas around Belle Meade and streets such as Richland and Tyne Blvd. These areas have homes typically that attract the executives and successful business owners. They range in list price from about $1.5M to well over $7.0M
The no income tax status for residents of Tennessee has greatly added to the appeal of Nashville. Click HERE for more info
Nashville Tennessee Statistics
For interesting federal statistics on Nashville click here.You'll be able to research statistics on population, socio economic data and more.
Gas Prices in Nashville TN
As around the rest of the US the gas prices in nashville have now fallen back to the $1.8 range.
History of Nashville
Nashville owes its name to General Francis Nash (1742-77), a hero of the Revolution. The city was also of primary strategic importance during the Civil War, occupying a crucial location along the Cumberland River. The 1864 Battle of Nashville occurred here - it was the climactic, last great offensive of the Confederates.
Country Music and more ...
The success of Carrie Underwood on American Idol and her consequent move to Nashville has helped raise the profile of country music and the city itself to a whole new audience previously unfamiliar with Nashville.
The hit show "The Bachelor" even had its final contestant and bachelor from Nashville itself which has led to documentaries and stories about the lives of the couple prior to the show while they were still living and working in Nashville.
Reality TV has come to Nashville again and the new series will follow the fortunes of 4 residents and document their life in Nashville.
Americas new search for the best band in America also has 3 contestants from Music City Nashville USA! As it turned out the final 3 were all Nashville bands and the competition was won by the Clarke Brothers.
Nashville Today
Today Nashville real estate continues to live up to its Music City nickname. Every major record label has an office in Nashville, and the nightlife is largely characterized by the abundance of live music. Buskers populate the street corners, and bars and clubs like the famous Wild Horse Saloon have weekly televised country dances. Nash-Vegas is also a popular nick name for the city to reflect the growing cosmopolitan feel of the city. Locals have been known to refer to Nashville as Cashville as a mark of respect to one of its fines country music starts Jonny Cash. Jonny Cash actually bought a lake home in Hendersonville which unfortunately burnt down.
Live music is not exclusive to Nashville. The abundance of talent in the Middle Tennessee area means that you can find world class musicians playing in any of the surrounding towns and communities. Places like Leipers Fork frequently have top class performers playing in the intimate venue of Pucketts.
Nashville Conference Center
Recent news of plans to spend around $600M to build a new conference for the city of Nashville is another sign of the growth of the city and the need to keep up with demands of business looking to hold conventions in Nashville.
The proposed site is in the downtown core and would add the already growing downtown revitaization. To see the official plans for the new convention center click HERE
Music City USA
In 2007 Nashville was once again host to the CMA's which was held in New York two years ago. The Country Music Awards show is perhaps what most people know about Nashville as well as the Tennessee Titans. Once you have visited Nashville and lived here you'll find that it's more than just country music and football....but thats definitely very important to us ;)
In 2007 The Nashville Titans made it to the playoffs. Once again Nashville will be able to raise its profile on a national level by being extensively covered on TV.
2008 has been a great start for the Titans and in particular the outstanding talent of Cortland Finnegan. Cortland is in fact a Nashville.com and RE/MAX Elite client and worked with Gary Ashton in finding a home in Nashville.
Nashville's Developing Communities
Franklin, Brentwood, Thompsons Station and more
Nashville also has well established communities and cities that are only a short 30 minute drive away.
East Nashville has been quietly transforming over the past 15 years from an area of urban decline to one of the most desirable areas that attracts artists of all genres. The influx of creative residents has seen some amazing renovations which in turn have opened the appeal to residents who enjoy good restaurants with a creative side!
Franklin, to the south of Nashville, has the highest concentration of million dollar luxury homes in the greater Nashville area. Just a little further south is the rapidly growing communities of Thompson Station, Spring Hill and Columbia. Mt Juliet and Lebanon to the east are now connected via a new rail road system for commuters.
Hendersonville is to the north east of Nashville and is known as the city of the lake. Jonny Cash, Roy Orbison, Conway Twitty all made their homes here and helped to create the city of Hendersonville Tennessee. The popularity of living on the lake continues today and Gallatin has the added attraction of having the only golf course community on the lake in the whole greater Nashville Tennessee area.
Lakefront Homes on Old Hickory Lake
To the north east the popular lakefront cities of Hendersonville and Gallatin have homes that have until recently been considered a little remote. However the expansion of I65 North to 5 lanes and the extension of the Vietnam Veterans Expressway have made these communities easily accessible to Nashville
To get a feel for these distance take a look at our "Drive Time" map which shows the drive times in 15 minute zones. This is a great way to get a feel for the distance of different communities and towns from downtown Nashville
In fact Gallatin is home to Fairvue Plantation which is the only lakefront and golf course development in the Nashville area. Homes here can reach over the $3 million dollar mark and have been extremely popular with the discerning luxury home buyer.
There is now a sister lakefront and golf course community at nearby Foxlands in Hendersonville. The lakefront homes that are available are selling fast even with the slight downturn in the real estate market. Lakefront homes have always been seen as a sound financial investment as waterfront homes are always in demand whether its a buyer's market or a seller's market!
Mount Juliet and Providence
Mt Juliet, to the east of Nashville, is also experiencing a huge growth in retail and residential new construction. The Providence development is proving to be a very popular location for some of the retail giants such as Best Buy utilizing the more than 800,000 sq ft of retail space devoted to shopping, dining, and entertainment.
The Providence project is also featuring residential new homes built by 10 of the leading local and national builders.
Relocating to Nashville Tennessee
Once you move to Nashville Tennessee you'll realize that music is just one aspect of life in Nashville. There are lots of other things to see and do. Nashville is centrally located and has fantastic interstate infrastructure. As a result you can drive to Florida in 8 hours and be on the beach or go watch the Chicago Cubs play driving 8 hours north! If you are lucky, they may even win ;) There are numerous city and state parks for hiking and exploring. Dog parks are very popular and are a great way of meeting people who have moved to Nashville from all over the US and the world.
Eco Friendly Homes in Nashville
Eco friendly homes in Nashville is part of the movement towards the environmentally conscious builder appealing to the 'Green" home buyer. For some excellent examples currently being built in Germantown in Nashville click HERE
Nashville is voted #1
Nashville has been voted #1 in Kiplinger's Smart Cities survey. The personal finance magazine selected Nashville as number one in its June 2006 issue ranking 50 Smart Cities.
The survey took into account livability, friendliness of the residents, economic vitality, public education, local arts and entertainments as well as recreational facilities, health care and numerous other factors.
The Climate in Nashville Tennessee
The climate in Nashville and Tennessee as a whole is also a major attraction. The 4 seasons provide their own benefits but none of the seasons has any extremes in weather although the summer months can get a little hot and humid in August and September. In 2007 Nashville, like the rest of the country, experienced a heat wave with the highs over 100 degrees.
Property Types
Nashville is home to the full range of property types: from single family starter homes to million dollar luxury homes, lake homes, estate homes, condos and equestrian properties.
As Nashville becomes an increasingly popular city to move to the number of new construction real estate sites and developments has expanded to keep up with the ever rising demand.
Featured Luxury Home Builder
Click HERE to see a home built by our featured luxury home builder in the Governors Club in Brentwood, TN.
Click here for a Video Tour of the Governors Club
Lofts and downtown condos
In a return to urban living, downtown Nashville has seen renovation of older historic buildings and warehouses to accommodate the demand for urban lofts such as Werthan Mills and Rolling Mill Hills lofts.
New condo developments such as the Signature Tower and the projects in the Gulch are revitalizing the downtown residential community and bringing a new appeal to living in the city of Nashville.
Downtown Nashville itself has the new announced development at Encore Sobro located just off Broadway and very close to the newly completed Symphony Hall. Other older developments like the Viridian (sometimes spelt veridian) are proving to be very popular as resales start to come on the market. The location downtown and new construction is still high in demand especially with prices starting at just under $200,000
Compared to other downtown communities around the United States, downtown Nashville still has very affordable products and is well below the density of cities like Chicago and New York. This lead the developers to anticipate a tremendous growth an movement towards inner city living. As the numbers grow the demand for services and restaurants etc will grow and this in turn will increase the demand for downtown condo living.
Lifestyle Subdivisions
Some of the communities in and around Nashville are developing the new concept of combining business and residential homes in the same subdivision. Westhaven in Franklin and Tollgate Village in Thompson Station are excellent examples. The concept of being able to live and work as well as socialize and play in the same community is really a throwback to the communities of the past where everyone knew everyone and the feeling of safety and security was enhanced by the sense of belonging and community spirit missing from some of the faceless developments from the sixties and seventies across America.
Luxury Homes and Estate Homes
If you are looking for upscale, gated luxury homes then Nashville has homes that constantly take advantage of the latest designs and technology to provide an environment that can truly be called luxurious.
If you prefer your luxury home to a little more secluded there are still areas in Nashville such as Forest Hills and Belle Meade that have homes well over $3 million, 5 minutes from downtown Nashville yet set in their own grounds of 2 acres or more.
The Governors Club in Brentwood has an excellent selection of upscale homes and is located on a championship level golf course.
The Renaissance Group LLC is our featured luxury and upscale builder, the principal having moved to TN from California, where he was an award winning luxury home designer and builder. The Renaissance Group LLC has brought a level of flair and creative input that has helped quickly establish them as one of the most admired builders at this level.
