Pretty much everyone in Nashville knows just how busy the real estate market here is by now — but let’s put it into numbers perspective.
New figures from the Greater Nashville Association of REALTORS® show that there was a 15.6 percent increase in the number of closings this May from May 2014. A pretty serious leap. When we’re talking year to date, it’s still a really impressive increase: an 11.6 percent jump from the numbers through May of last year.
This busy market can make things more intense for buyers (and — I know I’m biased, but — that makes the expertise and market knowledge of a Realtor that much more key).
If you’re just starting to look around in Nashville/Middle Tennessee, it might feel a little overwhelming, getting a sense of what’s available, and what meets your needs and fits in your budget. With that in mind, I decided to start a little blog series about what you can get for the money in our area, looking around at different neighborhoods and price points.
A good place to start, I figure, is the median residential price for a single-family home in Nashville as of last month: $235,000. (I’ll ramp up the budget in the coming weeks.)
So, to kick off the series, here’s a look at some properties that are on the market now in Nashville and nearby, listed at or around $235,000:
3936 Bridgeview Ln.
Nashville, TN 37221
Looking west to Bellevue remains a really great value for buyers hunting for a nice family home — this 3-bed, 2 1/2-bath home in the Riverbridge community has a spacious master suite, large wrap-around porch for enjoying the weather (this week notwithstanding) and a two-car garage, among other high points.
7300 Autumn Crossing Way
Brentwood, TN 37027
Brentwood has a long history asa well-loved community, and it can be tough on more modest budgets, but here you go: a newer 3-bed, 2-bath home that’s been well kept, with good-sized rooms and a 2-car garage.
3268 River Walk Dr.
Nashville, TN 37214
A neighborhood on the rise, Donelson still has some great homes at first-time-buyer budgets — this 3-bed, 2-bath has more than 2,000 square feet of space, a lofted ceiling the the living area and a really cool screened-in porch that adds tons of room for entertaining.
700 Church St.,Apt. 404
Nashville, TN 37203
Downtown living is growing and growing in Nashville, and for well under that median, you can get into a 1-bed, 1-bath in a cool, historic property (the Bennie Dillon building) with loft-like appeal (exposed brick and ductwork, modern finishes) and lots of amenities, like 24-hour fitness and — really beneficial to come by downtown these days — private parking.
1954 Porter Rd.
Nashville, TN 37206
East Nashville, as we all know, is a hugely popular market right now, and finding a great single-family home under $300,000 isn’t exactly a cakewalk. But they do exist. This stone cottage in Porter Heights is cozy — with 2 beds and 1 bath over a little under 1,100 square feet — and it’s cute, with charming curb appeal, a room-elevating fireplace in the living room and a really unique and eye-grabbing front door. A pretty great start for first-time homebuyers.
1803 Broadway Apt. 426
Nashville, TN 37203
Looking to be right in the thick of it? In Midtown, a contemporary 1-bed, 1-bath condo close to Vandy and Music Row and with lots of amenities — rooftop deck, gym — is in your budget.
3403 McGee Cv
Thompson's Station, TN 37179
In Thompson’s Station, this budget gets you a newer home with more than 1,800 square feet, 3 beds and 2 baths, with a huge fenced-in yard on a cul-de-sac for kids and dogs to play in, a great gas fireplace and move-in-ready condition, top to bottom.
200 Elberta St.
Nashville, TN 37210
A little TLC would be needed for this one in up-and-coming Woodbine, but it’d be worth it — a historic home built in 1909, with nearly 3000 square feet, 4 beds, 2 1/2 baths and 10-foot ceilings in a rapidly rising neighborhood definitely has appeal if you’re handy or drawn toward renovating.
Depending on where you’re looking, that median budget can still go a pretty long way in Middle Tennessee. Any of these homes meet your must-haves? If you need some help navigating the busy Middle Tennessee market, we’re always here — just reach out.
Check back here on the blog in the coming weeks for looks at what you can get around town as you move up in budget…
Author:TJ Anderson Phone: 615-364-1530 Dated: June 8th 2015 Views: 1,224 About TJ: TJ Anderson is a Nashville Realtor with Benchmark Realty who's helped countless clients both buy a h...
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