Hi Friends, Happy Thanksgiving! I hope you and your family and friends have a wonderful Thanksgiving holiday, and for many of you, a good break from work! I'll be in town, celebrating with my parents and brother and his family. I'll be watching for your posts about Turkey and funny family jokes on Facebook. If we aren't "Friends" on Facebook and you are already connected there, find me so we can connect. To find it directly, you can go to this link, www.facebook.com/monica.neubauer . I post lots of fun stuff and interesting Real Estate news when I have it.
I've been watching the local market news. 2009 has been a bit of a challenge for real estate in Middle TN. However, October and November show some "up" numbers . How many months constitute a trend? We hope we are trending upwards. This month ends the "old" deadline for the First Time Homebuyer Tax Credit, so we expect some of this volume that is higher than 2008 is a reflection of the Tax Credit and people taking advantage of the Credit. And hopefully the increases will continue. The Tax Credit has been extended and enlarged.
Click Here for information about the New Tax Credit. And you can check out this link too. This is still an $8000 credit for First Time Homebuyers, and it also has a $6,500 Tax Credit for current homeowners who want to move and buy a different house. You would have needed to live in your current house for at least 5 consecutive years out of the last 8 years to qualify. There are also income restrictions, but they are fairly high for our market.
One of the questions that seem to come up fairly often is, "What is going to happen to Spring Hill when the plant closes this month? " The obvious answer is that we will have to wait and see. I have a number of friends and acquaintances who work at the GM plant or know people who do. I have heard so many different responses to their own personal journeys that I have some thoughts about it. First, not all the employees live in Spring Hill. Many live in Franklin and Columbia and other areas. So, even if everyone did move - the effect would be across several towns. But I am not hearing about people moving right away. A good number of the folks have decided to take retirement. Some of them will stay here because they like it or have found other work. Some of those retiring will move, but not necessarily right away - they may have flexibility in their plans. 840 workers will be offered jobs in Michigan and most, if not all, of those jobs will be taken, but I know of at least one family where the GM employee will work in Michigan and they will still keep their house here, making a temporary move. For some folks, Michigan is home and moving back might be what they want. Some will start new small businesses and some will find jobs in other industries here. I am not hearing of a mass exodus of GM workers. Not yet, anyway. If someone knows otherwise, let me know. I am interested to hear any updates. We will know over the next few months as the workers transferring to Michigan will be leaving from February through April 2010. And, of course, the plant is still there - waiting for a new job to do and people to do that job.
I have attached links to the Williamson County Association of Realtors and the Greater Nashville Association of Realtors updates of recent closing numbers. You can see that September was not too active, and October was active - better than 2008. I have taken a look at the upcoming November numbers and they look like an improvement over 2008, at the least. And hopefully we will see an upward trend.
If you have questions about your home or your situation, please call me. Sometimes, getting answers to questions can help you see through the fog of housing options you might be considering. I can help with local information about your subdivision. If you are finding your payment is a little high, we can discuss options for you. I am glad to help out with information whether you are selling or not.
You may have noticed a different logo on my newsletter. I have made a change to Benchmark Realty in Cool Springs. Like others in all businesses, I have reviewed my business and needed to make a change. You can be assured that you will have the same great service as always!
Accredited Buyer Representative (ABR) Senior Real Estate Specialist (SRES) Certified Residential Specialist (CRS) Green
This posting and the contents written here are the intellectual property and opinions of Monica Neubauer. Monica is a Realtor with Keller Williams Realty in Franklin, TN. She provides real estate services to clients in the Nashville area, including Nashville, Franklin, Brentwood, Spring Hills, Thompsons Station, and other areas in the Middle Tennessee Region. You can contact her by calling 615-568-8384 or visit www.RealEstateTennessee.com.
Today we are featuring Founders Pointe in Franklin, TN. Founder's Pointe is a large community on the west side of Franklin. It is conveniently located near all the major sports fields - baseball, football and soccer fields are nearby. They have a community pool and a playground. Sidewalks provide safe walking and bike zones. Many of the yards have mature trees. Close to downtown Franklin, this community is an easy drive to enjoying all the benefits Franklin has to offer.
Many of the houses in Founder's Pointe are all brick and have fairly flat lots. Houses range in size from just under 2000 sq. ft to about 3700 sq. ft. Various sizes. Prices range from $225,000 to about $375,000. The community was built in the 1990s. Homes in Founders Pointe are selling at comparable rates to the rest of the community.
For more information on 407 Fontaine Dr., Franklin, TN, click here
This posting and the contents written here are the intellectual property and opinions of Monica Neubauer. Monica is a Realtor with Keller Williams Realty in Franklin, TN. She provides real estate services to clients in the Nashville area, including Nashville, Franklin, Brentwood, Spring Hills, Thompsons Station, and other areas in the Middle Tennessee Region. You can contact her by calling 615-568-8384 or visit www.RealEstateTennessee.com.
Welcome Summer! Have you been out to the Lake or having picnics in parks? Aren't we so excited to have a break from the rain? As the grass dries up. Oh, well. We have been enjoying riding our motorcycle. We are grateful school is out.
I am working up some different statistics for you this month. These numbers are for Williamson County. I broke them down by price ranges. These are current numbers as of July 3, 2009. The active listings are those that are for sale. Currently, except for the highest price point, up to 5-10% of them have contracts on them that are being worked through. Pending means that the houses are expected to close. Some of them are new construction and may not close in the traditional 30 day contract to closing period. A couple of interesting points.
The pendings are about the same as the closed. Stability - for now.
The closed numbers are higher than they have been this year. It is high season, and it is good to see that houses are selling.
The absorption rate, which I have out to the side, shows us the amount of inventory we have for that period of time. It is based on the number of closings, and the number of active listings at that time. We always have a certain number of months worth of inventory on the market. Under 6 months is a Seller's Market, over 6 month's is a Buyer's Market. These numbers change depending on how narrow or broad your search criteria is. We usually look at several months so it can truly change daily, but it is an interesting statistic to watch.
Williamson County
Statistics for the Month of June 2009, as of July 3, 2009
Total
Absorption Rates
Active
2607
10 Months
Pending
270
Closed
260
Up to $300K
Active
683
7.5 Months
Pending
89
Closed
90
$300K - $500K
Active
879
9.2 Months
Pending
105
Closed
95
$500K - $800K
Active
585
9.5 Months
Pending
55
Closed
61
$800K and Higher
Active
467
21 Months
Pending
21
Closed
21
If you want to see the Greater Nashville numbers, click here to see their latest press release. This link will update when they have new stats available.
Fun Fact: Alan Jackson's house is for sale. Do you want to peak? click here
Call or email me if you need information about my listings or for a market analysis of your neighborhood. Have a great week!
Accredited Buyer Representative (ABR) Senior Real Estate Specialist (SRES) Certified Residential Specialist (CRS) Green
This posting and the contents written here are the intellectual property and opinions of Monica Neubauer. Monica is a Realtor with Keller Williams Realty in Franklin, TN. She provides real estate services to clients in the Nashville area, including Nashville, Franklin, Brentwood, Spring Hills, Thompsons Station, and other areas in the Middle Tennessee Region. You can contact her by calling 615-568-8384 or visit www.RealEstateTennessee.com.
There has been progress made in trying to strengthen the real estate market. This new appraisal law charges the consumer 50% more for an appraisal and drives independent appraisers out of work. Sometimes regulations need to be added, but this is way over the top. Visit Matt's blog for some interesting comments.
It is important for everyone to go and sign the petition if this law is going to be changed. How many appraisers do you know who have been put out of business by this new law?
I personally know one appraiser who has no work because of this new law. He was charging $325 for an appraisal. Now he has no work because his mortgage brokers can not order appraisals from him. He was just solicited by one of the big conglomerate Appraisal Management Companies to work for them. The AMC is charging $450 for an appraisal and is only willing to pay him $200 per appraisal. What ever happened to democracy and competition - this guy was just legislated out of his job!
Let me ask you another question: how long will it be until you have a real estate deal go south because of this new law. Because of this new law, appraisals are expected to cost more and take longer. What happens when your deal falls apart because the value doesn't come in because an appraiser was assigned from 50 miles away and doesn't know the local market.
Currently their are 8,900 signatures but they need lots more - please take a moment and sign it.
PLEASE PLEASE FLAG this post for feature status - it is imperative that the real estate community gets behind this move to change this legislation.
This posting and the contents written here are the intellectual property and opinions of Monica Neubauer. Monica is a Realtor with Keller Williams Realty in Franklin, TN. She provides real estate services to clients in the Nashville area, including Nashville, Franklin, Brentwood, Spring Hills, Thompsons Station, and other areas in the Middle Tennessee Region. You can contact her by calling 615-568-8384 or visit www.RealEstateTennessee.com.
Courtside in Brentwood, TN has all brick homes that range from 2700-4000+ sq. ft. This subdivision is in Northern Williamson County. It is a desireable area due to its location close to Nashville, but still in
Williamson County where many people like to live because of the school system and lower taxes than in Davidson County.
Visit my outside blog at www.MonicaNeubauer.wordpress.com to read more about Courtside and see some local statistics for that area.
Click below to check out homes for sale in Courtside in Brentwood TN.
This posting and the contents written here are the intellectual property and opinions of Monica Neubauer. Monica is a Realtor with Keller Williams Realty in Franklin, TN. She provides real estate services to clients in the Nashville area, including Nashville, Franklin, Brentwood, Spring Hills, Thompsons Station, and other areas in the Middle Tennessee Region. You can contact her by calling 615-568-8384 or visit www.RealEstateTennessee.com.
This posting and the contents written here are the intellectual property and opinions of Monica Neubauer. Monica is a Realtor with Keller Williams Realty in Franklin, TN. She provides real estate services to clients in the Nashville area, including Nashville, Franklin, Brentwood, Spring Hills, Thompsons Station, and other areas in the Middle Tennessee Region. You can contact her by calling 615-568-8384 or visit www.RealEstateTennessee.com.
The Greater Nashville Association of Realtors has released the Home Sales information for the Greater Nashville area for April 2009.
Their most current press release shows that house sale volume is down, but there are still a good number of deals pending. GNAR May 2009 MLS press release.
The result is that there is still a good inventory of houses and buyers can get a reasonable price on a house. Some sellers are not motivated, but some have to move and are ready to sell. A buyer's market can mean a deal for a buyer, and can be a little tough on the sellers. Everyone just keeps looking, planning and talking together to put together the deals for those who are ready to make them.
This posting and the contents written here are the intellectual property and opinions of Monica Neubauer. Monica is a Realtor with Keller Williams Realty in Franklin, TN. She provides real estate services to clients in the Nashville area, including Nashville, Franklin, Brentwood, Spring Hills, Thompsons Station, and other areas in the Middle Tennessee Region. You can contact her by calling 615-568-8384 or visit www.RealEstateTennessee.com.
This posting and the contents written here are the intellectual property and opinions of Monica Neubauer. Monica is a Realtor with Keller Williams Realty in Franklin, TN. She provides real estate services to clients in the Nashville area, including Nashville, Franklin, Brentwood, Spring Hills, Thompsons Station, and other areas in the Middle Tennessee Region. You can contact her by calling 615-568-8384 or visit www.RealEstateTennessee.com.
(Franklin, TN)—The Williamson County Association of REALTORS® today announces the sale of homes statistics for Williamson County, Tn. for the month of April. There were 192 residential and condominium closings reported for the month, according to figures provided by RealTracs® Solutions, the multiple listing service used by REALTORS® in the Middle-Tennessee area.
Compared to April of 2008, the residential home closings decreased 23 percent and the median prices for residential homes increased by 10 percent. Days on the market (DOM) for residential homes increased by 25 days as compared to April 2008. Condominium closings decreased by 29 percent. The median prices for condominiums decreased by 4 percent and days on the market decreased by 12 days compared to April 2008.
April 2009
Closings
Median Price
Average Price
DOM
Residential
177
$ 380,000
$ 466,520
99
Condominium
15
$ 160,000
$ 185,052
51
April 2008
Closings
Median Price
Average Price
DOM
Residential
229
$ 345,000
$ 418,653
74
Condominium
21
$ 166,300
$ 190,443
63
April 2007
Closings
Median Price
Average Price
DOM
Residential
308
$ 391,200
$ 462,038
65
Condominium
36
$ 224,995
$ 227,367
80
April 2006
Closings
Median Price
Average Price
DOM
Residential
378
$ 322,000
$ 398,088
48
Condominium
50
$ 140,900
$ 175,642
38
"The market is picking up for spring as buyers are continuing to write contracts on properties that they anticipate closing on over the next 60-90 days. The increase in median price is a good indication that buyers and sellers understand current market conditions and the availability of a great selection at our market prices. We continue to outperform other areas of the country in direct result to our strong local economy and great community amenities,” said Diane Johnson, 2009 President of the Williamson County Association of REALTORS®.
Monica is a Realtor with Keller Williams Realty in Franklin, TN. She provides real estate services to clients in the Nashville area, including Nashville, Franklin, Brentwood, Spring Hills, Thompsons Station, and other areas in the Middle Tennessee Region. You can contact her by calling 615-568-8384 or visit www.RealEstateTennessee.com.
This posting and the contents written here are the intellectual property and opinions of Monica Neubauer. Monica is a Realtor with Keller Williams Realty in Franklin, TN. She provides real estate services to clients in the Nashville area, including Nashville, Franklin, Brentwood, Spring Hills, Thompsons Station, and other areas in the Middle Tennessee Region. You can contact her by calling 615-568-8384 or visit www.RealEstateTennessee.com.
Last night my biker friends and I went down to the Hard Rock Cafe to support ChampionsforaCause.com with University of Tennessee Associate Head Basketball Coach Holly Warlick and UCLA Women's Head Basketball Coach Nikki Caldwell. We had a great time helping them raise money to support the fight against Breast Cancer. The 2009 TaTa Tour is a several day ride with events along the way. Our HOG chapter supports Breast Cancer support organizations as one of our charities. If you love basketball and want to support the cause supported by these two terrific women, or if supporting Breast Cancer is one of your charitites, go to www.ChampionsforaCause.com and lend a hand and see the pictures of their wet ride.
Here is a photo of me with Holly and Nikki, and a picture of my HOG friends who joined in to support the cause.
Monica with Holly and Nikki
Our HOG Chapter with Holly and Nikki
This posting and the contents written here are the intellectual property and opinions of Monica Neubauer. Monica is a Realtor with Keller Williams Realty in Franklin, TN. She provides real estate services to clients in the Nashville area, including Nashville, Franklin, Brentwood, Spring Hills, Thompsons Station, and other areas in the Middle Tennessee Region. You can contact her by calling 615-568-8384 or visit www.RealEstateTennessee.com.
4 New Townhouses for sale in McPherson Place in Bellevue. SouthWest of Nashville. 3 of the units have tenants and are ready for an investor. The 4th is ready for an owner occupant or tenant who wants a rehabbed 3 bedroom unit for a great price in a sought after school district. Great Price for real estate in Nashville, TN.
This posting and the contents written here are the intellectual property and opinions of Monica Neubauer. Monica is a Realtor with Keller Williams Realty in Franklin, TN. She provides real estate services to clients in the Nashville area, including Nashville, Franklin, Brentwood, Spring Hills, Thompsons Station, and other areas in the Middle Tennessee Region. You can contact her by calling 615-568-8384 or visit www.RealEstateTennessee.com.
Monica is a Realtor with Keller Williams Realty in Franklin, TN. She provides real estate services to clients in the Nashville area, including Nashville, Franklin, Brentwood, Spring Hills, Thompsons Station, and other areas in the Middle Tennessee Region. You can contact her by calling 615-568-8384 or visit www.RealEstateTennessee.com.
This posting and the contents written here are the intellectual property and opinions of Monica Neubauer. Monica is a Realtor with Keller Williams Realty in Franklin, TN. She provides real estate services to clients in the Nashville area, including Nashville, Franklin, Brentwood, Spring Hills, Thompsons Station, and other areas in the Middle Tennessee Region. You can contact her by calling 615-568-8384 or visit www.RealEstateTennessee.com.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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