Archive for February, 2007

Middle Tennessee Real Estate market report

Saturday, February 17th, 2007

Home sales figures for the Nashville area remain strong, according to the Greater Nashville Association of Realtors.  Sales numbers for January 2007 were the second-highest number of closings ever for the month of January.

The GNAR provided the following comparison of sales by category for January:

Closings

Residential
Condominium
Multi-family
Farms/Land/Lots

 January 2006
2,371

1,908
253
33
177

 January 2007
2,289

1,779
287
40
183


From the GNAR press release:

There were 2,791 sales pending at the end of January, compared with 2,972 sales that were pending at the same time last year. The median residential price during January was $172,900 and for a condominium it was $150,000. That compares with median residential and condominium prices at this time last year of $162,000 and $150,715 respectively. The average number of days on the market for a single-family residence was 72 days for the overall Nashville market.

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Smyrna TN Real Estate: building permits huge for December 2006

Monday, February 5th, 2007

According to the Murfreesboro Daily News Journal’s chamber of commerce insert for January, the town of Smyrna issued $6.8M in residential building permits and $13M in non-residential building permits for December 2006.

Real estate building permits also were high in Murfreesboro, Tennessee.  Murfreesboro issued $10.8M in residential permits and $2.6M in nonresidential.  In Rutherford County’s unincorporated areas, $9.7M in residential and $457,331 in nonresidential permits were issued.

Growth continues in Rutherford County.  Real estate is booming, and the commercial construction is following here in Smyrna, Tennessee.

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