NASHVILLE MARKET REPORT - Q1 & Q2 2020 + IMPACT OF COVID-1 9 ON THE REAL ESTATE MARKET
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NASHVILLE M A R KET REPORT Q 1 & Q2 2020 + IM PACT O F COVI D - 1 9 O N T H E R EA L ESTAT E MA R KET
TABLE OF CONTENTS M A R KET R EPORT 2020 24 05 A LET TE R TO O U R CLIE NTS 06 G REATER NASHVILLE 20 EAST N ASHVILLE 26 DOWNTOWN / SO BRO 440 32 THE G U LC H / M IDTOWN 40 NASHVILLE 38 WEST END / H ILLSBO RO VI L L AG E 44 BERRY H ILL / M E LROSE 50 G ERM A NTOWN BR ENT WOOD 56 G REEN H ILLS / FO R EST H I L LS 40 SMYRN A 62 BELLE M E A D E FR ANKLIN 68 THE NATIO NS / SYLVA N PA R K 24 74 M ADI SO N / H E R M ITAG E 65 80 WI LLI A M SO N CO. MURF RE ESBO RO 88 RUTHER FO R D CO. 94 F EATUR E D LISTING S CO M PASS X N S H 118 PARTNER PE RSPE CTIVES 122 F I NAL WO R D 3
A LET TER TO OUR CLIENTS M A R KET R EPORT 2020 “Stay-at-home,” “Shelter-in-place,” “Safer-at-home,” “Self-quarantine,” “Social distance.” These phrases were nonexistent this time last year. But now such colloquial encouragements are a big part of how we live our lives. Life has changed across the country, and we’ve felt that change strum the heartstrings of Music City. Nashville has taken its music indoors. We’re living our songs from our homes while we prepare meals for our families, advance our careers via video calls and email, exercise and socialize from home, get our fresh air on neighborhood sidewalks, and invest a lot more time in our backyards and front lawns. Now more than ever, Nashville residents are putting more time and energy into finding out what it means to be at home. The desire to make a house a home has multiplied, and our Compass team could not be more thrilled to help our neighbors in our communities achieve their dream home. At Compass, we help people buy and sell homes. That’s what it says in our mission statement, but we’ve found that Compass is about so much more than that. We take inspiration and invigoration not in a simple real estate transaction, but in what it means to help a family arrive in the perfect home, a home that is ideally suited for them. We help people find their place in the world, and that place begins with a home. We’re here to help you map out plans for your future, and you can consider this report a gift of valuable information on the Nashville market. When you’re ready to buy or sell a home in Nashville, we’ll help you find not just a house, but the perfect cornerstone of your future life. CO M PASS X N S H 5
J U LY S U RV E Y OF C OM PAS S M A R KET R EPORT 2020 R E A L E STAT E AGEN T S 242 61 total number of total responses from Compass agents Compass agents “ SA F E R-AT-HOM E ” OR DE R 62% 34% of agents had deals postponed of agents pulled listings off market *“Safer-at-Home” order went into effect for Metro Nashville on March 23 and State of Tennessee on March 30. CO M PASS X N S H 9
“This Nashville market data is exactly what we expected. What COVID-19 has done for Nashville M A R KET R EPORT 2020 is put us on everyone’s radar because our cost of living is so low. Even though prices here have gone up, it’s better than any other market that is equivalent. The four places we are seeing the most activity from are California, New York, New Jersey and Chicago. When you look at the Nashville market, we have no state income tax, no earthquakes, no forest fires or hurricanes. We have a beautiful state surrounded by national parks, we have four seasons and industries are coming here right and left. We are seeing a lot of clients retiring here. It’s more difficult and expensive to retire in a state like New Jersey and sustain the taxes on top of the cost of living there. We think this mass movement of people into Middle Tennessee is going to continue and Nashville will see its busiest year yet. Just last month, 40 percent of our closings were from out- of-state referrals. That’s never happened before.” — T HE PA RGH T EA M “Living in this COVID-19 world, so much has changed. As we look for some form of constants in our lives, one of the things that remains the same is the active real estate market in Middle TN. In some ways the data is surprising because the pandemic has impacted every aspect of our lives. Seeing Nashville bounce back so quickly is a testimony to how our city always overcomes adversity - coming back even stronger than before. Nashville is a special place. As people rethink where and how they live, it isn’t a shock that people from all over the country want to make CO M PASS X N S H Nashville their home!” — M AT T DALLY 11
W I T H R E OP EN I NG M A R KET R EPORT 2020 COVID-19 has increased the desirability of Nashville as a place to live. No state income tax, a business-friendly environment, lifestyle options, more open space & affordability compared to much of the rest of the country, are just a few reasons why people have come to Nashville in droves. We’re seeing people move out of urban areas into suburbs, and in Nashville, this trend is increased with the Metro property tax increase that went into effect on July 1. 88.5% 22% of our agents believe there will 69% from the Northeast be more buyers with reopening from the 80% West Coast of agents are seeing an uptick of buyers from out of state We assume prices will remain flat or increase slightly, there will be low inventory and high demand, creating a sellers’ market. CO M PASS X N S H 13
“In our experience, the number of local buyers and sellers is remaining consistent with past years. M A R KET R EPORT 2020 We have seen two major market changes that are changing things locally. First, there has been a major increase in the numbers of buyers coming from larger, more densely populated markets such as, Seattle, Chicago, New York City, and all of California. Nashville is no longer a “best kept secret.” Secondly, and the most surprising byproduct of COVID-19 for us has been the increased demand for luxury housing. This is seemingly a combination of people spending more time at home, and real estate being less expensive in Nashville compared to the markets people are moving from. The local property tax increase is something that was needed and should have incrementally been implemented in phases over the last 10 years. The can kept getting kicked down the road and a massive increase was necessary all at once. We don’t see this having a major negative impact on the Davidson County market because so many people buying are from other larger cities where their taxes are far higher than our increased taxes, and they get less benefits from them.” — DA RIN & CHRIST INA C UNN INGHA M “There is no question in my experience that COVID-19 is reshaping our housing market. What is typically a “Spring” market has shifted into a mid-late Summer market and seems likely to continue through the Fall. Many are working from home, while some children are still schooling from home which has families reinventing their current spaces and even some who are searching for new homes to meet their “new needs.” While locals are trending towards the suburbs (particularly Williamson County) for tax relief and more space, the transplants from the Northeast, Midwest and West Coast seem unfazed by the Davidson County tax increases. The decrease of days on market is indicative of low inventory, interest rates, many buyers but fewer sellers. While prices continue to uptick or remain level, an increase in inventory and higher interest rates could change this landscape. If jobs and the economy CO M PASS X N S H continue to bounce back at the current rate or better, the home market going forward is expected to be driven by millennials.” — A MY B. W YAT T 15
GR E AT E R NAS H V I LLE I N S IGH T S M A R KET R EPORT 2020 Despite “Safer-at-Home” being in effect 6 of 14 (43%) weeks of Q2, Greater Nashville Market held strong and saw growth: 8% 17% 9 More New Listings Increase of Homes Sold DOM $275k–$287k Median Price Sold Increased 670,820 DAT E N E W LI ST I N G 1/ 20 6, 5 05 2/20 6,03 3 3/20 6,9 87 Q1 1 9, 52 5 4/20 6, 287 2/20 7, 24 6 3/20 7, 6 5 6 Q2 2 1,189 % CHA NG E 8 .52 % SOLD 3, 41 5 3, 63 5 4 , 504 11, 55 4 4 ,002 4,319 5, 206 13, 527 17.08 % Nashville Population CO M PASS X N S H *U.S. Census Bureau, July 2019 AVG DAYS ON M ARK E T 64 63 62 63 59 57 56 57.3 3 - 8 .9 9 % M E D I AN SOLD P RI C E 269 275 280 274.67 282 285 293 286.67 4.3 7% 17
“The strength of the Nashville real estate market has never been more evident than today. Even in M A R KET R EPORT 2020 the midst of a global pandemic, average prices continue to rise and sales made a quick recovery compared to our counterparts in different parts of the country. The change in buyer desires (more square footage, more outdoor living) coupled with low inventory has challenged my team to find more off-market opportunities for our buyers and to best position them to win in the increasing bidding wars. Marketing for our listings must now reach consumers where they are spending the most time, at home. With so many people wanting to make Nashville home, the real estate market is stronger than ever.” — GA BRIELA LIRA “The Nashville market has always been a unique one. It’s insulated in a way other markets are not and with its still affordable home prices, lower cost of living, mild seasons, centrality and countless accolades, it’s no wonder that Nashville avoided a downturn during the pandemic. People are looking for more room within their homes and in their outdoor spaces. They are looking for better weather, lower taxes and a higher quality of life during this time. Nashville offers all of this and more. The desirability of Nashville shows with our lack of inventory, the increase in sold homes in CO M PASS X N S H Q2 over Q1 and the drop in time spent on the market. There are no signs that Nashville is slowing down any time soon.” — JE S SI SGARLATA 19
M A R KET R EPORT 2020 EAST NASH VILLE Historic, thriving, electric, artsy, and hip, these words describe one of the most spell-binding, memorable neighborhoods in Nashville. You’ll find wonderful experiences, tasty food, stunning murals, and expansive park spaces in East Nashville. Since the devastating blow of the March tornado, East Nashville has shown its solidarity as a community that helps each other out. There has also been a strong surge of new listings in the area, making accessible a neighborhood that is coveted and desired by many. CO M PASS X N S H 21
E AST NAS H V I LLE I N S IGH T S M A R KET R EPORT 2020 222 301 35.59% $435k $473k 2.53% Q1 New Listings Q2 New Listings % Change Q1 Median Sale Price Q2 Median Sale Price % Change 169 180 6.51% 52.3 34.3 34.39% Q1 Sales Q2 Sales % Change Q1 DOM Q2 DOM % Change CO M PASS X N S H 23
M A R KET R EPORT 2020 “The combination of low inventory, low interest rates and an enormous buyer pool of folks relocating from other cities given COVID-19, has created the most competitive market I have seen in East Nashville. The March tornado took out a large portion of inventory that was ready to go on the market, and more buyers than ever are coming to East Nashville. Relocators are coming in droves because the quality of life they loved in California, New York and Chicago, is different now. I’ve been telling sellers if you’re thinking of selling in the next six months, do it now. Interest rates were slashed in half and are at a historical low, which makes locking in a primary residence or investment property right now an incredible time to do so. With inventory at nearly half of where it should be, I believe the market will stay competitive going into the winter months when we typically see a slow down, but winter 2020-2021 shows no signs of CO M PASS X N S H softening.” — ROBBI E DRI MMER 25
M A R KET R EPORT 2020 D OWNTOWN/SOBRO Colloquially titled “SoBro” (South of Broadway), this neighborhood is the gem of downtown Nashville. Home to major attractions like the Music City Center, Omni Hotel, The Southern, Etch, and Pinewood Social, here you will find urban living with all the best 21st-century amenities. And did we mention SoBro is just a short walk from Broadway honky-tonks? With consistent development and growth, it’s no surprise that SoBro has seen new listings increase from Q1 to Q2. CO M PASS X N S H 27
D OWN TOWN / S OB RO I N S IGH T S M A R KET R EPORT 2020 52 59 13.46% $375k $420k 11.81% Q1 New Listings Q2 New Listings % Change Q1 Median Sale Price Q2 Median Sale Price % Change 28 19 32.14% 64 72 13.09% Q1 Sales Q2 Sales % Change Q1 DOM Q2 DOM % Change CO M PASS X N S H 29
M A R KET R EPORT 2020 “While this data is overall positive and indicative of high demand for Downtown/SoBro housing, the inevitable aftershocks of COVID-19 have yet to disrupt these numbers to date. With great thanks to the visionaries focused on waterfront development along both sides of the Cumberland River, Nashville’s Downtown/SoBro housing market will survive the shocks and shifts of time notwithstanding the present pandemic and imminent presidential election. CO M PASS X N S H Downtown Nashville has the grid, the grit(s), and the glory to stay alive and thrive!” — R ACHEL M AYS 31
M A R KET R EPORT 2020 THE GULCH/ MIDTOWN Hip, cool, and modern, The Gulch is a perfect medley of top notch urban living, stylish boutiques, offices, fantastic restaurants, and one-of-a-kind entertainment venues. Once the site of Nashville’s bustling railroad, this neighborhood has been developed and modernized to create a trendy, walkable, popular Nashville destination. Residential sales in The Gulch and Midtown are currently down, but a significant surge in new listings came about during Q2, giving enthusiastic buyers a wide selection of fantastic options. CO M PASS X N S H 33
T H E GU L C H / M I DTOWN M A R KET R EPORT 2020 I N S IGH T S 151 228 50.99% $417k $500k 19.98% Q1 New Listings Q2 New Listings % Change Q1 Median Sale Price Q2 Median Sale Price % Change 126 69 45.24% 44 59 32.33% Q1 Sales Q2 Sales % Change Q1 DOM Q2 DOM % Change CO M PASS X N S H 35
M A R KET R EPORT 2020 “I think sellers will be encouraged by Q3 and Q4 sales numbers. We experienced delayed sales activity this year with our historically busy March/April transitioning to a very active June/July. Traditionally, real estate activity slows after the Spring rush but we are seeing sustained growth which I believe will continue through the Fall and into the Winter months. With plentiful new construction coming online, sellers will garner a higher price and reduce their marketing time by CO M PASS X N S H cosmetically updating prior to bringing a property to market.” — M ICHELLE MALD ONAD O 37
M A R KET R EPORT 2020 HILLSBORO/WE ST END Close to universities like Vanderbilt, Belmont, and Lipscomb, Hillsboro/West End combines the convenience of modern living in a major city with the unmatched nostalgia of a small college town vibe. Hillsboro/West End is also walking distance to Music Row, Belcourt Theatre, several parks, and plenty of shopping opportunities, giving residents everything they need to live the good life, all within a few blocks of home! A neighborhood coveted by many, residential listings from Q1 to Q2 almost doubled (88% increase), yet average days-on- market dropped almost 50%, indicating these properties are moving fast. CO M PASS X N S H 39
H I LL S B ORO/ W E ST EN D M A R KET R EPORT 2020 I N S IGH T S 75 141 88% $588k $603k 2.49% Q1 New Listings Q2 New Listings % Change Q1 Median Sale Price Q2 Median Sale Price % Change 50 75 50% 74 44 40.27% Q1 Sales Q2 Sales % Change Q1 DOM Q2 DOM % Change CO M PASS X N S H 41
M A R KET R EPORT 2020 “The eclectic mix of new construction, renovations and historical properties will continue to drive the list prices in Hillsboro West End to record levels for the remainder of 2020. It is tough to imagine a better time to move your property in this neighborhood.” CO M PASS X N S H — PAT R ICK H IG GINS 43
M A R KET R EPORT 2020 BERRY HILL/MELROSE A growing, vibrant neighborhood, Berry Hill/Melrose is known for its eclectic shops, recording studios, music publishers, and locally-owned small businesses. Enjoy fine dining eateries like M.L. Rose, Hatti B’s Hot Chicken, and The Sutler Saloon. From charming cottage homes to new developments, a house feels like a home in Berry Hill/Melrose. A neighborhood that emanates a verve of life both unique and uplifting, it’s no surprise that new listings have increased quarter over quarter in Berry Hill/Melrose, or that the neighborhood has also experienced new business growth each year. CO M PASS X N S H 45
B E R RY H I LL / M E LRO S E M A R KET R EPORT 2020 I N S IGH T S 121 160 32.23% $655k $599k 8.55% Q1 New Listings Q2 New Listings % Change Q1 Median Sale Price Q2 Median Sale Price % Change 62 74 19.35% 63 54 14.81% Q1 Sales Q2 Sales % Change Q1 DOM Q2 DOM % Change CO M PASS X N S H 47
M A R KET R EPORT 2020 “Keeping up with its local vibe and situated adjacent to Nashville’s 12th South neighborhood, The Melrose/8th South neighborhood is rapidly developing into one of the most sought after in Nashville. The area remains more commercial than residential for now, but expect to see more condo developments along with new construction homes in its future, providing even more Nashville residents’ living opportunities. Both tourists and locals have discovered what a vibrant community Melrose has to offer, including some of Nashville’s top-rated public and private schools. The Melrose/8th South neighborhood not only provides walkability to restaurant life and excellent schools, but the big-box grocery store, Publix, has planted its roots right in the heart of town. Its doors will open in the next six months, and its presence should add to CO M PASS X N S H the average appreciation of 6.5% a year to all the neighborhood’s homes.” — M ARTHA MONTI EL-LEW IS Listing by Martha Montiel-Lewis 49
M A R KET R EPORT 2020 GERMANTOWN Incorporated into the city of Nashville in 1865, Germantown maintains its iconic history in its restored buildings, centennial houses, and verdant parks, all while embracing a charming, chic- modern appeal in its shops, restaurants, and recreational centers. Germantown was severely affected by the March tornado. However, the neighborhood has rebounded with a steady stream of new listings from Q1 to Q2. CO M PASS X N S H 51
GE R M A N TOWN I N S IGH T S M A R KET R EPORT 2020 176 210 19.32% $375k $389k 3.83% Q1 New Listings Q2 New Listings % Change Q1 Median Sale Price Q2 Median Sale Price % Change 109 103 5.5% 66 80 21.32% Q1 Sales Q2 Sales % Change Q1 DOM Q2 DOM % Change CO M PASS X N S H 53
M A R KET R EPORT 2020 “Noted for its second-to-none restaurants, coffee culture, and evening activity, Germantown has become quieter during the pandemic as market attention shifts toward more suburban areas. This year’s market steadiness in Germantown, contrasted with typically rapid price acceleration, offers a unique and likely fleeting opportunity for buyers. The number of recent luxury home sales points to long-term appreciation of Germantown’s unique charms. The first time a neighborhood home sold for over $1 million was in early 2015, and now, only five years later, Germantown is flirting with a $2 million high bar. With its enviable walk score, the neighborhood remains at the core of North Nashville investment interest, which overflows into the adjacent CO M PASS X N S H Salemtown, Buena Vista, Sulphur Dell, and Neuhoff communities.” — DAV ID KOELLEIN 55
M A R KET R EPORT 2020 GREEN HILLS/ FORE ST HILLS Living in Green Hills/Forest Hills feels like stepping into a fairytale arbor setting. Though the neighborhood is close to luxury shopping districts, high-end retailers, famous restaurants, and excellent schools, the mature trees and forests in this region have been preserved and well-tended, offering a coveted setting of forested, private living right in the heart of Music City. Large, historic, and stunning inside and out, Green Hills/Forest Hills homes are highly sought after and prized among Nashville locals and visitors alike. In fact, while there’s been a 20% increase in listings from Q1 to Q2, average days on the market for homes in Green Hills/Forest Hills has steadily decreased, indicating growing interest in the area. Listing by Jonathan Heard & Lacey Newman CO M PASS X N S H 57
GR E EN H I LL S / FOR E ST H I LL S M A R KET R EPORT 2020 I N S IGH T S 210 255 21.43% $741k $679k 8.33% Q1 New Listings Q2 New Listings % Change Q1 Median Sale Price Q2 Median Sale Price % Change 153 123 19.61% 76 65 15.28% Q1 Sales Q2 Sales % Change Q1 DOM Q2 DOM % Change CO M PASS X N S H 59
M A R KET R EPORT 2020 “Green Hills & Forest Hills have always been popular areas of town for Nashvillians due to their closeness to downtown coupled with a spacious, residential feel. It is typical to see new listings increase exponentially from Q1 to Q2 as children get out of school and families look to relocate before August. The only reason for the decrease in sales and sale price is the pandemic, and we expect to see a tremendous rebound in Q3. We anticipate inventory will continue to be fairly low and buyer demand will drive sales prices even higher. One of the biggest trends we’ve seen in the housing market in this area in the past few years is the influx of new residents from CO M PASS X N S H New York, California and other major cities.” — JONATHAN HEARD & LACEY NEWMAN 61
M A R KET R EPORT 2020 BELLE MEADE Known for nationally famous attractions like the Belle Meade Plantation, Cheekwood Estate & Gardens, and Percy Warner Park, Belle Meade is further renowned for its stunning homes. This neighborhood was developed within the territory of the former historic Belle Meade plantation, hence why the suburban paradise features large lots, mature trees, quiet, winding streets, and a cozy, peaceful aura. Not surprising given the beauty and peaceful nature of this neighborhood, the average number of days Belle Meade homes spend on the market has decreased by half from Q1 to Q2, indicating a surge of buyer interest in the area. Listing byJana Jones-Duffy CO M PASS X N S H 63
B E LLE M E A DE I N S IGH T S M A R KET R EPORT 2020 20 23 15% $1.83M $1.37M 25% Q1 New Listings Q2 New Listings % Change Q1 Median Sale Price Q2 Median Sale Price % Change 12 13 8.33% 84 40 52.59% Q1 Sales Q2 Sales % Change Q1 DOM Q2 DOM % Change CO M PASS X N S H 65
M A R KET R EPORT 2020 “Belle Meade is different from the rest of the Nashville market because of its unique location and the prestige of the established area, larger lots and proximity to Belle Meade Country Club, Cheekwood and Percy Warner Park. Trends in Belle Meade show you’ll pay $1 million-plus for an acre of land and a tear-down house. $2 million homes that once had a hard time selling are now flying off the market and we expect that to continue. Days on the market numbers have been cut in half partly because there are a number of new builds and rehab projects as well as the competition among families with the same need. Buyers are having to get more aggressive and are willing to pay a little more to ensure they will get the house they want. We expect that CO M PASS X N S H to continue leading up to a strong start to 2021.” — LA NA & F R AN KLIN PA RGH 67
M A R KET R EPORT 2020 THE NAT IONS / SY LVA N PA R K The Nations and Sylvan Park are two of the most desirable “up and coming” neighborhoods in Nashville. Both neighborhoods have recorded a strong increase in new listings and sold homes. Sylvan Park features quiet, peaceful, well-kept residential blocks. The community is ideally positioned near prominent thoroughfares that feature great restaurants, large green spaces, historic buildings, and a straight shot into the city. Furthermore, Sylvan Park homes have consistently held their real estate value, even through the Great Recession. The Nations has a history and culture of its own. Constantly evolving, always a new shop to check out or a new delicatessen to try, The Nations is a prominent destination for new Nashville businesses and homeowners alike. CO M PASS X N S H 69
T H E NAT ION S / SY LVA N PA R K M A R KET R EPORT 2020 I N S IGH T S 422 516 22.27% $401k $403k 0.67% Q1 New Listings Q2 New Listings % Change Q1 Median Sale Price Q2 Median Sale Price % Change 254 334 31.5% 75 75 0% Q1 Sales Q2 Sales % Change Q1 DOM Q2 DOM % Change CO M PASS X N S H 71
M A R KET R EPORT 2020 “In Sylvan Park, the prices have skyrocketed, and the new construction in the neighborhood is more desirable than the older homes in the area that aren’t as spacious. Sylvan Park has a highly-ranked elementary school, the park and restaurants are walkable, and it’s close to Vanderbilt and St. Thomas hospitals. A strong proof point is that it’s challenging to even find a home on the market in this neighborhood. The Nations has evolved in many ways, particularly in terms of home styles compared to what was being built in 2016-2017. Because of that, it’s attracting a more sophisticated buyer - young professionals with dual incomes who like the walkability to restaurants and bars. Essentially no home in The Nations is on the market for more than a few days - the higher days on market CO M PASS X N S H stats you see are because new construction homes are listed before they are completed.” — M EGAN J ERNIGAN 73
M A R KET R EPORT 2020 MADIS ON/ H ER M ITAGE Just north of East Nashville, Madison is not only a great place to live, but this area is ideal for investing. The sooner the better too, as the median sale price is slowly climbing. The neighborhood is attractive for its current affordability and its proximity to East Nashville. And just 15 minutes from downtown Nashville, Hermitage features unique attractions like Andrew Jackson’s Hermitage, The Hermitage Farm, Stones River Greenway, the Percy Priest Dam, and a panoply of parks, bicycle paths, lakes, rivers, and gardens. While both Madison and Hermitage are growing rapidly in popularity, each neighborhood has seen an increase in new listings quarter over quarter, giving potential buyers options in choosing the home of their dreams. CO M PASS X N S H 75
M A DI S ON / H E R M I TAGE M A R KET R EPORT 2020 I N S IGH T S 364 478 31.32% $259k $270k 4.38% Q1 New Listings Q2 New Listings % Change Q1 Median Sale Price Q2 Median Sale Price % Change 300 302 0.67% 58 45 22.54% Q1 Sales Q2 Sales % Change Q1 DOM Q2 DOM % Change CO M PASS X N S H 77
M A R KET R EPORT 2020 “This data is a testament to how strong our real estate market is. Madison’s affordability is allowing it to grow into one of Nashville’s new hot areas while still maintaining its original North Nashville personality. Sales are up, prices are rising and days on the market are shrinking. I would expect to see this to continue for the remainder of 2020. Hermitage is experiencing a boom of new construction and it is long overdue. The proximity CO M PASS X N S H to downtown Nashville and the airport, combined with price, are putting this city on the map.” — H A I LEY GI LLUM Photo Courtesy of Andrew Jackson Foundation 79
M A R KET R EPORT 2020 WILLI A MS ON COUNT Y Out of the city but still just a short drive from it, Williamson County includes beautiful and historic areas like Franklin, Leipers Fork, Thompson’s Station, and Brentwood. Also enjoy smaller communities and a more rural lifestyle in Fairview, Nolensville, or Peytonsville. As Nashville grows, new listings, sales, and median sale price increases quarter over quarter in Williamson County. This region is idyllic and peaceful, a rural paradise of rolling hills, farms, stables, and forested lands. The Natchez Trace Parkway runs right through Williamson County, offering unmatched scenery. CO M PASS X N S H 81
W I LLI A M S ON C O. I N S IGH T S M A R KET R EPORT 2020 2,365 2,734 15.6% $522k $530k 20.37% Q1 New Listings Q2 New Listings % Change Q1 Median Sale Price Q2 Median Sale Price % Change 1,178 1,418 20.37% 59 53 10.73% Q1 Sales Q2 Sales % Change Q1 DOM Q2 DOM % Change CO M PASS X N S H 83
M A R KET R EPORT 2020 “Our numbers for 2020 were all up compared to 2019, but I believe if not for COVID-19 they would have been stronger. March 2020 median sales price was the only monthly decrease from 2019. I saw a big change with days on market in land in May and June - people were tired of being cooped up and were buying land. Properties that had been on the market for months were finally selling. Williamson County school system is known for being a leader in the state in academic achievement. In my opinion, that has always been a major attraction to the area - now with COVID-19, more people are relocating here. We continue to have less inventory so the days on the market have decreased. I believe our market in Williamson County will remain CO M PASS X N S H strong for the rest of the year because of our great leadership statewide and county wide.” — JENNI F ER BICKERSTAF F 85
M A R KET R EPORT 2020 “The Brentwood and Franklin markets continue to be incredibly strong! My experience in the past few months, as the markets have come back to life, is that “if a property is good, it’s gone.” Buyers have been wary of taking on a project house which has pressed prices higher for new and like-new inventory. At all price points, now is a great time to sell; we have motivated buyers moving from parts of the country with a much higher median price point making our homes look like a deal. Interestingly, the highest price points have been seeing the most movement. Homes over $2M that have traditionally taken sometimes months to sell are moving in days. Now is the time to make a move to take advantage of future appreciation as our community CO M PASS X N S H continues to grow.” —BRIA N COU RNOY ER 87
M A R KET R EPORT 2020 RUT HER FOR D COUNT Y A magnet for new residents and businesses, Rutherford County is a part of everything that metropolitan Nashville has to offer, but at a more affordable price point. Rapid development, a spike in sales from Q1 to Q2, and an eye for the aesthetics in urban design and planning has made “RuthCo” a modern day suburbia, ideal for anyone who desires a comfortable life just outside the city. Rich in Tennessee history and culture, Rutherford County is also home to historic sites like Stones River National Battlefield, Oaklands Mansion, Bradley Academy Museum, Historic Cannonsburgh Village, and the Sam Davis Home and Museum. CO M PASS X N S H 89
RU T H E R FOR D C O. I N S IGH T S M A R KET R EPORT 2020 2,624 2,827 7.74% $277k $289k 4.21% Q1 New Listings Q2 New Listings % Change Q1 Median Sale Price Q2 Median Sale Price % Change 1,530 1,934 26.41% 49 44 11.49% Q1 Sales Q2 Sales % Change Q1 DOM Q2 DOM % Change CO M PASS X N S H 91
M A R KET R EPORT 2020 “At the beginning of COVID-19, no one truly knew what to expect; however, the second quarter numbers show that COVID-19 has had the reverse impact that many sellers and buyers anticipated. The shortage of inventory has caused an even tighter demand for housing thus driving up prices. In Rutherford County, I am seeing a huge push towards buyers opting to go with new construction, with builders saying they have never been this busy and build costs are increasing, which will affect pricing and standard features. I anticipate prices to go up. There was already a tight supply of homes available as investors/hedge funds purchasing over the last few years have taken away from the available supply. Housing demands should increase as sellers reanalyze what home now means. Bigger yards for gardening and pools, as well as office space for working from home or homeschooling, will now be key factors in purchasing.” CO M PASS X N S H —TER RY CA RTER 93
M A R KET R EPORT 2020 FEATURED LISTINGS CO M PASS X N S H Listing by Katie Morrell 95
M A R KET R EPORT 2020 7 Oxmoor Court | Brentwood 513 Legends Ridge Court | Franklin Wonderful French Country Manor style home on the central most street in Governors Breathtaking Views in Legends Ridge! This incredible 5BR 4 full and 3 1/2 BA home Club overlooking the 4th green. Two master suites, each on a walk-in floor with with unobstructed views of Williamson County cannot be replicated! Previously a individual garages. Theatre room, 3-floor elevator, wine cellar/safe room, amazing builder’s personal home, the details will amaze you! It is situated on 1 acre with serene pool with hot tub and waterfall, mahogany office, eat-in kitchen, formal dining room, outdoor living spaces and features a flat yard with room for a pool. Features include summer kitchen, multiple family rooms, new paint, new flooring, and so much more. a Chef’s kitchen with Thermador appliances, two dishwashers, wine refrigerator, open to breakfast/dining room, living and family room, spacious master suite with sitting area and access to private jacuzzi tub. The basement has endless possibilities! Solid Core Doors to the immaculate heated and cooled garage, not a detail was spared! The views and privacy of this home will make you feel like you are a million miles away from everything! Please call Jennifer Bickerstaff for more details. CO M PASS X N S H Brian Cournoyer Jennifer Bickerstaff brian.cournoyer@compass.com jennifer.bickerstaff@compass.com M: 615.917.4995 | O: 615.475.5616 M: 615.504.2118 | O: 615.475.5616 97
M A R KET R EPORT 2020 9546 Thoroughbred Way | Brentwood 708 W Main Street | Franklin Privacy abounds this amazing 1.3AC hilltop retreat just minutes from I-65! This 4BR Spectacularly renovated 1900s home in the heart of Historic Downtown Franklin. 3 1/2BA home features recently added 880 +/-sq ft family room that also includes This Kate Williams designed 4 bed, 4 full bath renovation is truly a luxurious, historic an exercise room/flex room, additional dining area, and a beautiful stacked stone getaway just a few steps from all the shopping and restaurants Downtown Franklin fireplace. Owners have completely renovated the kitchen with top of the line has to offer. Original hardwood floors, honed marble countertops, handcrafted custom appliances. The owner’s suite is on the main floor and has a sitting area with built shelving reclaimed from the turn of the century rafters, tasteful shiplap accents in bookcases. Other features include a formal dining room, fireplaces in the living throughout. Gourmet Kitchen, Bertazzoni gas range. Private showings available. room and breakfast room. There are also 3BR and 2 BA upstairs with a bonus room. This is a perfect home for entertaining indoors or out! Other features include lush landscaping with sprinkler system, open deck/porches, paver patio for grilling, a screened porch and so much more! CO M PASS X N S H Jennifer Bickerstaff Matt Dally jennifer.bickerstaff@compass.com matt.dally@compass.com M: 615.504.2118 | O: 615.475.5616 M: 615.663.6981 | O: 615.475.5616 99
M A R KET R EPORT 2020 5024 Franklin Pike | Nashville 4017 Wallace Lane | Nashville Professionally designed and custom-built home with a backyard oasis that will keep Elegantly updated and spacious home within walking distance to Julia Green you busy all year long, complete with an outdoor “living room,” gunite pool, hot tub, Elementary School. The transitional interior can lean contemporary or traditional grilling station, and double-sided fireplace. This spacious beauty brings the outside depending upon your taste. Featuring a heated saltwater gunite pool and two in with large windows and an open floor plan. Architecture elements include accent covered patios - one with an outdoor fireplace, this home has ample outdoor living walls, tall ceilings with exposed beams, and thoughtful details throughout. Expansion space. Master Suites on the main level and second level. The fully renovated eat-in space for a 5th bedroom. Beautiful centrally located 2-acre lot in Oak Hill. kitchen is full of high-end appliances and beautiful blonde hardwood throughout. CO M PASS X N S H Heard Newman Team Heard Newman Team heardnewmanteam@compass.com heardnewmanteam@compass.com M: 615.800.7076 | O: 615.475.5616 M: 615.800.7076 | O: 615.475.5616 101
M A R KET R EPORT 2020 919 Stuart Lane | Brentwood 709B 49th Ave North | Nashville Stunning Brentwood home with a full basement, 5 bedrooms and a resort style Sleek, contemporary, modern style detached home with designer lighting & impressive inground pool. This home resides in the popular Fountainhead community located interiors. No carpet here - sanded & finished wood floors throughout with quartz just off Franklin Road. Inside you will find 5 fireplaces spread throughout the home, countertops & subway tiles in baths. Stainless appliances with a gas range for your a home office, a formal living and dining room, a beautiful chef’s kitchen, and cooking cuisines. Tall ceilings with warm paint colors & glass enclosed showers in the a sunroom. master. One bedroom down offers options for a guest or office space. Enjoy this city as you are minutes from downtown and close access for work commutes. CO M PASS X N S H Hailey Gillum Terry Carter hailey.gillum@compass.com terry.carter@compass.com M: 615.474.7797 | O: 615.475.5616 M: 615.294.3148 | O: 615.475.5616 103
M A R KET R EPORT 2020 1100 Inglewood Drive | Nashville 259 Vaughns Gap Road | Nashville The Avery will offer a collection of 20 modern 2-bedroom/ 2 bathroom and This amazing modern home built by Landon Development is loaded with custom Sales-Front Elevation 3 design selections. From the unique and distinctive oversized master bathroom, to the 3-bedroom/ 3-bathroom condos inspired by the art, passion, and charm of Inglewood REAR PORCH 24'-0" x 23'-0" 1/16" = 1'-0" in East Nashville. Each unit, including two penthouses, has stainless steel appliances, his-and-hers custom-designed closets and full prep kitchen and pantry, this home spares no detail. Enjoy the wooded view from the covered outdoor living space. Then DW T.P. beautiful all-wood floors, and are zoned to allow non-owner occupied short-term GARAGE 25'-6" X 33'-0" rentals with proper permits. Reserve now to take advantage of pre-construction KITCHEN inside, the home features a built-in wine wall, solid wood floors and soaring vaulted REF. 23'-0" X 23'-0" ceilings. This new custom home is situated on a two-acre lot in the heart of West BENCH pricing and Sophisticate Your Stay by the Summer of 2021. Unit prices range from MASTER BR. PANTRY/PREP REF 8'-6" X 14'-6" Meade. Visit 259VaughnsGap.com for more information. 18'-0" x 23'-6" $349k to $500k. The entire complex is available for purchase as well for $8,500,000. CLOSET 1 FAMILY RM BONUS RM. BR. 5 11'-6" X 10'-6" 24'-6" X 16'-0" 20'-9" X 16'-6" 22'-0" X 14'-0" Visit TheAveryNashville.com for more information. WINE WET BAR SHELVES PICTURE WALL BATH 5 CLOSET 9'-6" X 7'-0" 8'-0" X 7'-0" STORAGE BATH 3 CL0SET MUD-RM LAUNDRY 10'-6" X 7'-0" 9'-0" X 7'-0" FOYER 10'-6" X 9'-8" 14'-6" X 9'-8" TOWER M. BATH OPEN TO ABOVE DINING CLOSET 16'-6" X 14'-6" 20'-0" X 14-6" 8'-0" X 7'-0" SITTING AREA FOYER BELOW BATH 4 11'-0" X 9'-0" 9'-6" X 7'-0" LOUNGE WET BAR POWDER 15'-6" X 10'-6" Lana and Franklin Pargh STUDY BATH 2 Lana and Franklin Pargh CO M PASS X N S H 13'-6" X 13'-0" CL. GUEST BDR-2 BR. 3 The Pargh Team The Pargh Team 14'-6" X 16'-0" 13'-6" 14'-6" BR. 4 22'-0" X 14'-0" lana.pargh@compass.com lana.pargh@compass.com CLOSET 2 13'-6" X 13'-0" CLOSET BENCH FRONT PORCH M: 615.351.7333 | O: 615.475.5616 M: 615.351.7333 | O: 615.475.5616 Sales-Second Floor 2 1/16" = 1'-0" Sales-First Floor 1 1/16" = 1'-0" PROJECT INFORMATION 105
M A R KET R EPORT 2020 813 Deercrossing | Nashville 514 Garfield Street, Unit 8 | Nashville This home will absolutely blow your mind! You will be hard pressed to find better Province Builders new construction in a prime Salemtown / Germantown location outdoor living anywhere in Nashville. Absolutely no expense has been spared here! If with high-end features throughout and a roof top terrace that has downtown skyline you have extremely refined tastes and desire privacy with a 10+ convenient location views. Enjoy a life with walkability right outside your front door! 20 total homes in this and views, this is it! The list of features is too long to put here. Please inquire for development. additional information on this private 2 acre estate with a large pool house that connects to the home. Darin Cunningham Darin Cunningham darin.cunningham@compass.com darin.cunningham@compass.com M: 615.456.4086 | O: 615.475.5616 M: 615.456.4086 | O: 615.475.5616 CO M PASS X N S H Christina Cunningham Christina Cunningham christina.cunningham@compass.com christina.cunningham@compass.com M: 615.394.4168 | O: 615.475.5616 M: 615.394.4168 | O: 615.475.5616 107
M A R KET R EPORT 2020 The Ludlow, Residence 507 | Nashville The Ludlow, Residence 205 | Nashville The Ludlow is a collection of 64 residences ranging from 550 – 1400 square feet. Residence 205 at The Ludlow conveys a feeling of refined living infused with forward Offering the best of all worlds – brand new construction set in Historic Buena Vista, thinking architecture – clean lines, airy interior, large scale windows that provide steps to Nashville’s burgeoning Germantown neighborhood which offers some abundant natural light and a carefully curated finish package. Set across over 1400 of Nashville’s most chic dining and elegant boutiques. Residence 507 is an open square feet, this residence is spacious and offers two bedrooms + flexible office – a floorplan with a one bedroom + flexible office, ideal for those who work from home or perfect home for those seeking space with an option to comfortably work from home. desire a home gym. Priced at $399,900. Priced at $499,000 Megan Jernigan Megan Jernigan megan.jernigan@compass.com megan.jernigan@compass.com M: 615.594.1990 | O: 615.475.5616 M: 615.594.1990 | O: 615.475.5616 CO M PASS X N S H Martha Montiel-Lewis Martha Montiel-Lewis martha.montiel-lewis@compass.com martha.montiel-lewis@compass.com M: 931.338.0082 | O: 615.475.5616 M: 931.338.0082 | O: 615.475.5616 109
M A R KET R EPORT 2020 1804 Lakehurst Drive| Nashville 1815 Boscobel Street | Nashville Breathtakingly beautiful Spanish Villa in the coveted pocket of “Little Hollywood,” Absolutely gorgeous Victorian Replica in the heart of Lockeland Springs. Property steps to Shelby golf course, and dozens of East Nashvilles best restaurants, coffee includes a detached 2 Car Garage apartment. Stunning wrap around porches, picket shops and retail. Situated on a professionally landscaped .61 acre lot, this home will fenced front yard and directly across the street from hundreds of miles of running truly take your breath away. Featured in several local publications, this property will and cycling trails at Shelby Park. Open concept layout with hardwoods throughout. make you the envy of all your friends. From the private veranda, outdoor fireplace’s, First and 2nd floor master bedrooms with on suites, double sided gas fireplace, huge gorgeous archways and designer finishes, this one checks all the boxes! kitchen with wet bar and private screened in porch off the back of the home. CO M PASS X N S H Robbie Drimmer Robbie Drimmer robert.drimmer@compass.com robert.drimmer@compass.com M: 615.462.6636 | O: 615.475.5616 M: 615.462.6636 | O: 615.475.5616 111
M A R KET R EPORT 2020 The 1865 - #113 | Nashville The Adelicia - #1108 | Nashville 612 21st Avenue North | 2 beds, 1 bath, listed at $499,000. Brand new, never lived 900 20th Avenue South | 2 beds, 1 bath, 1,121 SF, listed at $575,000. Spectacular one of in, fully furnished NOO STR approved unit in the heart of the city just 2 miles from a kind Adelicia two-bedroom. Converted unit featuring two fully enclosed bedrooms, downtown! Unit includes two bedrooms with one full bath, additional vanity and large living room, spacious open kitchen with upgraded matte stainless appliances sink in the primary bedroom, living and dining spaces, washer and dryer, and bonus and tons of cabinet storage, hardwood floors throughout, floor to ceiling windows, private exterior entrance. Luxurious furnishings and all daily living and kitchen private balcony, large closets, 2 parking spaces, and beautiful Southside views of lush supplies included. The gated complex boasts a community pool and outdoor bar, greenery, Scarritt Bennett, and more - all in the heart of Midtown! fitness center, and a shared observation deck with downtown views. CO M PASS X N S H Michelle Maldonado Team Michelle Maldonado Team mmteam@compass.com mmteam@compass.com M: 615.260.4423 | O: 615.475.5616 M: 615.260.4423 | O: 615.475.5616 113
M A R KET R EPORT 2020 1091 Lynnwood Blvd | Nashville 5813 Vine Ridge Drive | Nashville Notable mid-century modern marvel in Forest Hills renovated by international Welcome to the catbird seat of Hillwood. Stunning new construction by custom luxury award renowned architect Michael Goorevich and upscale designer Katy Chudacoff. homebuilder, Landon Development. Spacious floor plan with several flex spaces to Painstaking attention to quality, livability, and maintainability. Equal parts entertainer’s satisfy all your COVID living needs. Exquisite finishes, with no detail spared. Soaring wonderland and family retreat, featuring an exquisite pool area, chef’s kitchen, to-die- ceilings, oak floors, abundant windows, chef’s kitchen with Thermador appliances, two for owner’s suite, and flex space in spades. The 1.86-acre corner lot spans a hillside, laundry rooms, two wet bars. Enviable main-floor owner’s suite. Several outdoor living combining treetop views with a level floor plan. spaces on almost an acre lot. Very private. A must see! CO M PASS X N S H Gabriela Lira Patricia Straus Gabriela Lira gabriela.lira@compass.com patricia.straus@compass.com gabriela.lira@compass.com M: 615.440.6327 | O: 615.475.5616 M: 615.305.8465 | O: 615.475.5616 M: 615.440.6327 | O: 615.475.5616 115
M A R KET R EPORT 2020 1502 Arthur Avenue | Nashville 3722 Bosk Lane | College Grove This stunning newly-built home is just minutes from downtown! It’s equipped Stunning one of a kind, gorgeous two-story home with newly finished walk out with smart appliances, hardwood floors, custom-tiled bathrooms, natural light, basement. Sits on a private two acre cul de sac lot in the established Grove Park ample storage and an attached 2-car garage. The main floor consists of an neighborhood. Country living at its finest with over 4,800 sq. ft, 4 beds, 4.5 baths. open concept with a gorgeous kitchen and spacious living area. The 3rd floor Amazing views from the front & back. Updates throughout, new upper deck & walk- bonus room has French doors leading to a balcony with incredible views! Don’t out basement with covered patio, three car garage, close to 840 and Arrington miss out on this beauty! Vineyards. Zoned for award winning Williamson County schools. Small unique neighborhood with no HOA. Listed at $1,100,000. CO M PASS X N S H Jessi Sgarlata, The Southbound Group Julianne Richard jessi@southboundgroup.com julianne.richard@compass.com M: 615.587.6722 | O: 615.475.5616 M: 713.571.8887 | O: 615.475.5616 117
M A R KET R EPORT 2020 PARTNER PERSPECTIVE S CO M PASS X N S H 119
MAGNOLIA TITLE FIRST COMMUNITY M A R KET R EPORT 2020 MORTGAGE Ryan Lux | Attorney Leslie A. Garside | Managing Attorney Joshua L. Hunter | Owner & Attorney FCM NMLS# 629700 615.712.6391 Claudia Rios Marty Maitland leslie@magnoliatitle.com 615.495.4456 | NMLS# 439473 615.480.5626 | NMLS# 590283 www.magnoliatitle.com claudia.rios@fcmhomeloans.com marty.maitland@fcmhomeloans.com Q. Given the challenges this year, what impacts do you expect in the title & Q: How has COVID-19 changed the way you do business in Nashville? Q. Given the challenges this year, what impacts do you expect in the increasingly important. We have seen a boost on the use of our mobile app real estate industry in Nashville? A: Our business relationships thrive on in-person meetings, closings and other mortgage & real estate industry in Nashville in the coming weeks & months? by our Loan Officers, Real Estate Agents and Clients. The health and safety A. The biggest challenge presented as a result of COVID-19 has been group and networking events. A lot of those in-person meetings have now More long-term? of our employees, business partners and clients is very important for us, determining the best and safest routes we can take to facilitate closings. become virtual, and we’re reaching clients and potential customers via other A. Currently, we continue to see a strong real estate market in Nashville and which has made us enable a series of preventive measures all across our While it didn’t become the immediate norm as many anticipated originally, methods like increased online presence and short Zoom webinars. Our hope see little volatility. It seems that the current economic and health issues may organization; from an elective remote-work strategy and virtual meeting we do believe that the industry will continue to work toward holding more is that we’ll soon be able to return to more of the in-person gatherings of the have the potential to slow down the growth in the upcoming months, but spaces to a sanitization protocol. “e-closings” as surrounding industries like lending and finance figure out a past…we miss them! this will depend on multiple factors, including the elections and the recovery way to make it work. Another issue we have noticed with social distancing of the hospitality and services sectors in our region. It seems that we have Q: What is something that your company offers that is unique to other requirements is that the normal personal and celebratory nature of a strong economic fundamentals in general and we are still an attractive lenders? residential transaction is lost as a result of fewer people being present at the destination for companies and families that want to increase their quality of A. Our market is becoming increasingly more diverse and at First closing table. We are continuing to be creative and figure out ways to make life in a thriving region like ours. Long term, we may potentially experience Community Mortgage, we have established a Multicultural Lending Team the closing day feel special for our buyers and sellers. delays in construction given potential supply shortages and therefore slower that specializes in addressing the unique needs of homebuyers from diverse production. ethnic backgrounds. Our Hispanic initiative established in 2016 has helped Q: What else do you think people need to know about the state of your hundreds of families become sustainable homeowners. We have developed industry? Q: Do you think right now is a good time to buy a home? financial programs that assist borrowers using ITIN/W7 to file their taxes, and A: As is pretty well known, Nashville is hitting some really high marks on sales A. Yes, especially because the mortgage interest rates are at historic lows for those under DACA, Asylum or other Visa Status we offer a competitive numbers this summer. Likewise, our industry is thriving and helping to carry (and with a presidential election over the next 60 days) and you have more mortgage program with low down payment. Our team provides customer that load as we finish Q3 and move into Q4. We are remaining optimistic as motivated sellers trying to capitalize on the value of their homes. With the service in Spanish and Arabic. rates continue to stay low that we’ll continue to see a lot of positive numbers support of a real estate professional, it’s very likely that you will find great through year end. opportunities in this market. We understand that buying a house is one of the biggest financial transactions, and we thrive on providing a low stress experience to the CO M PASS X N S H Q: How has COVID-19 changed the way you do business in Nashville? homebuyers with superior personal attention and multiple options to A. The current health crisis has boosted the use of digital platforms to successfully go through the mortgage process. do more transactions online. Having the right technology is becoming 121
FINAL WORD M A R KET R EPORT 2020 In spite of all that’s happened in 2020, Nashville continues to grow. This community does not stop flourishing for anything, which is part of why we love calling Music City our home. We hope this report has been helpful, both in the highlights of each neighborhood and their forecasted growth. Nashville is more than just a city, it’s a community of hard workers who feel the music of life move through them and compel them to achieve their goals. We’re a city that sticks together, that helps each other out, and right now that means sheltering in place and spending a large amount of time at home. Yes, life may look quite different now, but one thing that hasn’t changed is the role that our homes play in our lives. If anything, our comfort and peace-of-mind in our homes has become even more important. At Compass, we help our friends and neighbors find a place from which they can build their lives, a place that is unique to them and simply perfect for them. That place is their home. CO M PASS X N S H 123
CO M PASS X N S H Data sources: Compass Nashville Agent Survey Data, MLS Data (unless otherwise indicated) Compass RE is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. | O: 615.475.5616
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