April 3, 2014
For those people who have an interest in East Nashville (37206) whether you are presently a resident or you would like to be, consider the following. For a reason, East Nashville is one of the hottest areas of town from a real estate perspective. It has so much to offer in terms of restaurants, trendy shops, bars, etc. and yes, great homes! I did a little study today and used these parameters: 3+ bedroom site built homes with 2+bathrooms ranging in price from $250K to $350K. How many current listings do you think came up? If you said 20, you would be right but 8 are currently under contract. In the month of March, 8 homes with those same parameters closed.
So, I did another study, but this time there were no parameters except they had to be site built...everything in 37206 was included. First of all, currently there are 151 active listings but 66 of those are currently under contract. In the month of March, there were 56 total closings. I cannot say for sure about days on the market, but from my own personal experience, many are under contract within the first few days and often times they end up with multiple offers. It's an exciting time in East Nashville and if you have the desire to list your home or to become a resident, please give me a call. Thanks!