Nashville was listed as Number 5 in Realtor Magazine’s 8 Best Large Metros for Home Ownership. To read the article, click here: 8 Best Large Metros for Home Ownership.
Nashville Listed in 8 Best Large Metros for Home Ownership
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Category Archives: Buying a Home
De-personalize your Nashville home to sell it faster.
Watch this video about how to de-personalize your Nashville home to sell.
If you have more questions, please contact Team Kipp. We’d be happy to help!
Fannie Mae To Increase Down Payment Requirement To 5%
Million Dollar View Open Sunday, July 21st 2 – 4 pm at 1205 Horseshoe Cv, Mount Juliet, TN
For Details Click Here:
Existing-Home Sales and Prices Continue to Rise
Nationwide existing home sales and prices continue to rise. Nashville’s market is hot – hot – hot and Team Kipp’s listings are selling at a pace faster than the national average! If you’ve been thinking of buying.. better get off the fence and jump in the pool of buyers before the inventory dries up or you’ll be waiting to find a house while interest rates rise. Read more here..
Greater Nashville Home Sales Increase 18 Percent in February, 2013
GREATER NASHVILLE HOME SALES INCREASE 18 PERCENT IN FEBRUARY – PENDING SALES SURPASS 2,000
NASHVILLE, Tenn. (March 7, 2013) – There were 1,784 home closings reported for the month of February, according to figures provided by the Greater Nashville Association of REALTORS.
This represents an increase of nearly 18 percent from the 1,515closings reported in February 2012. Year-to-date closings through February are 3,418, an18.2 percent increase from the 2,892 closings reported through February 2012.
“The home sales data for February indicates another increase in both home purchases and pending sales compared to last year,” said GNAR President Price Lechleiter. “And this month also marks the highest amount of closings in February since 2008. This is the eighteenth consecutive month of increased year-over-year closings.
“The housing market recovery in this region is proving to be sustainable, particularly in light of the seasonal increases in home sales activity anticipated in the coming months. The current trends are certainly positive, but long-term planning is needed to keep our city and region vibrant and attractive in the future. With that in mind, GNAR is fully engaged in the NashvilleNext initiative and commends those who are leading that process.”
A comparison of sales by category for February is:
2012 2013
CLOSINGS 1,515 1,784
Residential 1,251 1,481
Condominium 128 180
Multi-Family 22 24
Farm/Land/Lots 114 99
There were 2,269 sales pending at the end of the month, compared with 1,832pending sales at this time last year. The average number of days on the market for a single-family home was 84 days.
The median residential price for a single-family home during February was $175,000, and for a condominium it was $138,473. This compares with median residential and condominium prices of $159,900 and $145,000, respectively at this time last year.
Inventory at the end of February was 15,651 down from 18,271 in February 2012. The current inventory of properties by category, compared to last year, is:
2012 2013
INVENTORY 18,271 15,651
Residential 11,258 9,491
Condominium 1,559 1,223
Multi-Family 301 213
Farm/Land/Lots 5,153 4,724
“According to the National Association of Realtors, pending home sales were up over last year in every region of the country, including the South. In the Greater Nashville area, there were more than 2,000 pending sales last month. Pending sales have not been above 2,000 since February 2008, so this is welcome news,” added Lechleiter. “Inventory is consistently lower than what it was in recent years. With positive sales trends and low inventory, it is likely that more people will consider putting their homes on the market soon. It is important for sellers to understand that buyers are expecting homes to be market ready and priced correctly in order to seriously consider a purchase.”
The Greater Nashville Association of REALTORS is one of Middle Tennessee’s largest professional trade associations and serves as the primary voice for Nashville-area property owners. REALTOR is a registered trademark that may be used only by real estate professionals who are members of the National Association of Realtors and subscribe to its strict code of ethics.
(courtesy of GNAR.org)
THE NEW YEAR BEGINS WITH 18 PERCENT INCREASE
NASHVILLE, Tenn. (Feb. 7, 2013) – There were 1,634 home closings reported for the month of January, according to figures provided by the Greater Nashville Association of REALTORS. This figure is up 18.7 percent from the 1,377 closings reported for the same period last year.
“This is a very positive start to the year for Middle Tennessee home sales,” said GNAR President Price Lechleiter. “It is especially good news to see an increase of this number over January of 2012, which was up about 25 percent compared to 2011. The positive home sales trend into this year is very encouraging. In fact, we have not had more than 1,500 closings in January since 2008.
“Though these numbers are a great start to the year, challenges still remain for the overall real estate market. It’s difficult to anticipate the impact national economic trends and government choices will have – including decisions on fiscal issues,” continued Lechleiter. “Locally, the economic impact of the increase in home sales goes well beyond the actual transaction. Those sales prompt additional construction jobs for building new homes and help initiate major purchases made by homeowners, such as appliances, furniture, floor coverings and lawn care equipment.”
A comparison of sales by category for January is:
2012 2013
CLOSINGS 1,377 1,634
Residential 1,116 1,344
Condominium 158 174
Multi-Family 15 22
Farm/Land/Lots 88 94
There were 1,968 sales pending at the end of the month, compared with 1,615 pending sales at this time last year. The average number of days on the market for a single-family home was 81 days.
The median residential price for a single-family home during January was $167,000 and for a condominium it was $150,000. This compares with last year’s median residential and condominium prices of $157,500 and $140,325, respectively.
Inventory at the end of January was 15,478, compared with 17,949 in January 2012. The current inventory of properties by category, compared to last year, is:
2012 2013
INVENTORY 17,949 15,478
Residential 10,971 9,342
Condominium 1,526 1,153
Multi-Family 319 207
Farm/Land/Lots 5,133 4,776
“Median prices are up modestly for both single-family and condominium homes and pending sales are near 2,000, which is especially encouraging as an indicator of future activity,” said Lechleiter. “Inventory remains at levels comparable to early 2006. However, at this time of the year potential sellers are either putting their homes on the market or doing some fix-up projects preparing to list their homes for sale in the next few months. New home construction is also increasing, providing additional purchase options.”
The Greater Nashville Association of REALTORS is one of Middle Tennessee’s largest professional trade associations and serves as the primary voice for Nashville-area property owners. REALTOR is a registered trademark that may be used only by real estate professionals who are members of the National Association of Realtors and subscribe to its strict code of ethics.
Introducing Jon Kipp – Newest Member of Team Kipp – A Family Tradition in Nashville Real Estate
Team Kipp is pleased to announce the addition of Jon Kipp to it’s team of real estate professionals. Team Kipp has been serving the Greater Nashville area for over 25 years. Jon joins the team with 11 years experience in customer service and 7 years as a national channel sales manager in technologies. “We’re expecting his technological knowledge and marketing background to contribute immediately to Team Kipp” said David Kipp.
“This has been my dream for quite some time.. bringing Jon into the Team to carry on Team Kipp’s Family Tradition in Real Estate” said Sharon, team co-founder.
Having bought and sold several times himself, Jon enjoys the real estate process. ”I love helping people achieve the American Dream,” says Jon.
As part of Team Kipp, Jon will be specializing in the local Donelson, Hermitage and Old Hickory real estate markets. Jon has been a Davidson County resident for over 30 years and resides in Old Hickory with his wife and team member, Christy Kipp, and their 3 children. When not working, Jon enjoys being on the lake with his family and writing/performing music with friends.
Jon is a Veteran of the United States Air Force, member of the Greater Nashville Association of REALTORS, the Tennessee Association of Realtors, and National Assosociation of REALTORS.
Interested in having Jon lend you a hand with your real estate needs this year? Contact Jon thru his RE/MAX Elite office at 615-661-4400, his cell at 615-426-3396 or by email at Jon@TeamKipp.com
Nashville Area Real Estate Market Trend Report Brings Good News
April 2012 Green Tip – Sustainable Wood
Sustainable Wood
Sustainability refers to the balance between resource consumption and replenishment time. Because of fast growth rages, some trees and grasses, such as bamboo, cane and maples, are more sustainable than other slower growing rees, such as oaks and redwoods. Look for products that are responsibly harvested when purchasing or remodeling a home.
Team Kipp 