For any homes over $500,000, your write-off would go down tremendously. Nooooo! ——- Jacey
Take away for the month…if you own a townhome and can afford to sell it, this might be the time! Let’s look at the numbers. – Jacey
Greater Nashville – still feeling hot hot hot…
- Unit sales were again up in the Nashville area last month, finishing September with 3,544 closings, a 2 percent increase compared to a year ago. “For a month where home sales begin to slow, this past September turned out to be remarkable for our region. Middle Tennessee achieved the best-performing month of September that we have on record,” – per Scott Troxel, president of Greater Nashville Realtors
- Median home sales price for a single-family home sold in September was $280,000, up from $256,900 a year ago (+9%). The median price for a condo/townhome unit sold in September was $223,450, up from $188,495 (+18.5%!!!).
- Condos/townhomes continue to be highly desired!
Williamson County – still strong yet milder in September…
- Unit sales were flat to LY in September with residential single-family home closings year over year identical at 488 units sold.
- Median homes sales dropped to $452,520 from an August price of $469,950. This represents a 3.7% drop from August but is still up 2.7% from this time in 2016.
- The three cities in Williamson County that top the median sales price are Brentwood at $710,000, Arrington at $639,900 and College Grove at $555,730.
Friends – the results of this study of homes sold FSBO vs. using a REALTOR® are super interesting! In today’s market, many people consider selling their home without a REALTOR®. They think the home will “sell itself” and don’t realize all the work and contract legality (negotiation, inspection, appraisal, title and closing) that goes into completing the full Sales Transaction. As it turns out, the numbers show that what might be an attempt to save on commissions is not only not really paying off but it is putting the work and liability back on the owner. Enjoy the short read…