12th South (Nashville, TN)
12th South (Nashville, TN) Real Estate News
Tmw card photo 2007
Nashville TN Oak Hall, 12 South & Lipscomb 2013 Home Sales Statistics
Tiffany White, Franklin TN Real Estate (Keller Williams Realty - Franklin TN)

Nashville TN Oak Hall, 12 South and Lipscomb area Home Sales Statistics – 2013 Market Report

Nashville TN Oak Hall, 12 South and Lipscomb area home sales have increased this year in both volume and median price!  When considering single family home sales between January and November, the median sale price is up 10.2% from 2012 to 2013!  The median sale price for 2013 surpassed the median sale prices for the past 7 years!  This doesn’t necessarily mean that every home is worth more than previous years but the local market as a whole has greatly improved and is moving out of the down market we’ve experienced the past several years.  Similarly, the sales volume for 2013 has surpassed the volume of 2006.  Also, the median Days on Market has dropped and 12 South & Lipscomb area homes are selling faster than they have in 5 years!

Lipscomb area home    Lipscomb 12 south home

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Please note that real estate market conditions vary based on the specific location, condition and price point.  Ultimately, buyers are looking for value.  If a home is well presented and priced according to market, it will sell.  Everyone wants to get a good deal on the home they purchase.  Please give me a call at 615-260-5858 for more specific information regarding the area where you plan to sell or buy!  Visit my Real Estate Statistics Page at www.TiffanyWhite.com to see market reports for other Middle TN cities.

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The charts were created based on closed homes sales in MLS.  Below are the detailed yearly numbers from the Greater Nashville MLS.  Feel free to contact me if you have questions about this information.

 

Year 2006    294 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 696 2 0 $82,000 $81,500 0
AVG 2,520 3.37 2.24 $449,343 $433,901 48
MEDIAN 2,201 3 2 $339,450 $332,950 39
MAX 9,100 6 7 $3,499,000 $3,200,000 224
             
Year 2007    272 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 759 1 1 $99,900 $96,000 0
AVG 2,209 3.25 2.06 $394,871 $379,492 58
MEDIAN 2,041 3 2 $337,000 $328,450 46
MAX 6,084 5 5 $2,750,000 $2,350,000 432
             
Year 2008    241 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 759 2 0 $59,900 $45,000 0
AVG 2,417 3.28 2.16 $417,572 $398,962 69
MEDIAN 2,180 3 2 $339,000 $325,000 56
MAX 7,528 6 6 $1,999,990 $1,843,000 356
             
Year 2009    192 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 788 2 1 $119,500 $110,000 0
AVG 2,192 3.18 2.1 $375,806 $354,915 75
MEDIAN 2,031 3 2 $319,450 $302,000 55
MAX 7,268 6 5 $1,700,000 $1,425,000 372
             
Year 2010    197 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 700 0 0 $155,000 $137,500 0
AVG 2,330 3.23 2.13 $374,075 $357,896 71
MEDIAN 2,090 3 2 $329,900 $315,000 59
MAX 8,180 5 5 $1,495,000 $1,400,000 240
             
Year 2011    285 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 767 2 1 $63,500 $60,000 0
AVG 2,448 3.35 2.34 $402,555 $378,516 83
MEDIAN 2,098 3 2 $317,500 $308,000 70
MAX 15,950 9 9 $3,100,000 $2,800,000 597
             
Year 2012    307 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 837 2 1 $95,000 $80,500 0
AVG 2,369 3.37 2.24 $402,559 $386,289 75
MEDIAN 2,148 3 2 $339,000 $327,500 58
MAX 9,484 7 5 $3,995,000 $3,300,000 586
             
Year 2013    318 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 763 1 1 $65,900 $61,000 0
AVG 2,570 3.45 2.29 $460,650 $447,343 60
MEDIAN 2,319 3 2 $371,000 $361,000 49
MAX 10,755 7 7 $2,600,000 $2,350,000 445
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Open House today 2-4pm 1208 Clayton Avenue in desirable 12 South
Your Music City Experts Team (Benchmark Realty)

Come see Laura today at 1208 Clayton Avenue in the heart of 12 South. 

This contemporary gem is decked out in every way and is sure to impress. 

Contemporary work of art! Only top of the line in this sophisticated, one of a kind, and dramatic home. Showcase home for the 12 South homes tour. No HOA fees nor Rules! Open park in front and just minutes to Sevier Park.

Front of clayton

family room

clayton kitchen

Can't make the open house?  You can see all interior photos and get more information at http://www.MusicCityExperts.com/Clayton

The Music City Experts Team

Benchmark Realty, LLC

318 Seaboard Lane, Suite 115

Franklin, TN 37067

615-371-1544 Office

615-507-0481 Direct

 

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Charming Victorian Just listed in 12th South, 907 Gilmore, Nashville
Maria Holland, Realtor, ABR, GRI, CDPE, SFR (RE/Max Elite, ABR,GRI, CDPE, SFR)

907 Gilmore Ave

Nashville, Tennessee 37204

BEDS: 3
BATHS: 2
SQ FT: 1,928
YR BUILT: 1930
FLOORS: 1
PARKING: 2 uncovered spaces
LOT SIZE: 0.18 acres
Property Description

Hurry and see this Victorian home in the highly sought after 12th South neighborhood. With over 1900 sq ft and very spacious rooms, 10 ft ceilings and gleaming hardwoods, this home is move in ready. The kitchen has been updated in recent years and the baths sport new tile and a leathered marble counter. A newer addition off the back hosts a master bedroom and separate den/living and laundry. The fenced back yard features a gate that is easily accessed from the alley way featuring off street parking. There is a 12x16 storage shed, and garden beds for flowers and herbs. The covered front porch will simply delight your thoughts as you dream of morning or evening chats while talking with friends or neighbors. This walk to neighborhood is a perfect 10 with an easy walking distance to the park and other eating establishments. Make an appointment today.

Contact the Agent



Agent: Maria Holland
Email: mariaholland@comcast.net
Company: RE/MAX Elite
Web: www.mariaholland.net
Office: 615-661-4400
Cell: 615-289-6056

Virtual tour at
www.tourvista.com/10550

Additional Photos
Nice curb appeal, gorgeous landscaping and charming rocking chair front porch. Notice the...
Measuring 15x6 this foyer is offset with a leaded glass mahonghany front door and tiffany...
This room measuring 16x17 is wonderful for large gatherings. Hardwoods gleam and recessed...
Another View. Notice the large windows that bring in lots of natural light.
Nice newer appliances. An abundance of cabinetry!
What a spacious kitchen! Newer cabinetry, new Bosch dishwasher, and lots of counter space...

Learn more about this property!

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2902
5 Scenarios to Help You Decide if it's Time to Sell Your 12th South Home in Nashville, TN
Emily Lowe, Nashville TN Realtor (The Lipman Group Sotheby's International Realty)

5 Scenarios to Help you Decide if You should Sell Your 12th South Home in Nashville, TN

Live in Nashville's 12th South Area? It may be time to sell!

 

I'm NOT going to state the obvious here.  If you are having to relocate for a job or for personal reasons, then this is a no-brainer.  But for those of you who live in Nashville's 12th South area, here are 5 scenarios in which you may want to consider upgrading to a new home.

 

  1. Your Home is Worth More than You Paid for it.  If you bought your current home before 2007, then you will really need to take a good look at the numbers.  If you purchased a newly built or wonderfully remodeled home then the numbers may not look so good to you.  You will need to see the recent comparables to be able to determine that.  If you purchased your home AFTER 2007, then chances are that you may be sitting in a great position to be able to sell and walk away with a nice chunk of change in your pocket.
  2. Your Home has a Renovated Kitchen and Master Suite.  Older homes in the 12th South area that have remodeled kitchens and master suites will sell more quickly, if they are priced correctly.  If your 12th South home is older and it is not remodeled, then you may want to run a cost vs. value estimate on doing this work before selling it.
  3. As an Investor, the Cap Rate on your Investment is under 10-12%.  12th South is a very trendy and much loved area to live in.  The local market there looks good!  Because it is currently a relatively stable area, your investment's cap rate may be as high as 12%.  But to make the most money possible on your investment, anything under an 8% cap rate should really be looked at again.  Your money may be able to work harder for you in another local market area.
  4. You have Outgrown the Size of Your Home.  When you bought your lovely 12th South bungalow with 1400 square feet, it was really big enough for you and your dog/cat.  But now you're married with one child and a second one on the way.  There are children's toys EVERYWHERE, the home is bursting at the seams with all of the "stuff" and you can never find a spot just for you to escape to.  It is either time to purge a lot of the "stuff" - which is difficult to do when children are involved, or it is time to sell.  And do it now, while it is still a buyer's market.
  5. You Found Your Dream Home and You are Able to Afford it.  You just heard from a friend that a house you've been wanting for years is about to come on the market.  You've run the numbers and you know that with the current low interest rates and your career going well you could really afford THAT home.  Go for it!  Again, it's still a buyer's market, and interest rates are low.  The 12th South market is HOT and from the increase on your investment you will walk away with an extra $30-$50k on your home. 

I am currently running an individualized market analysis on 250 homes that I hand selected in the Oak Hill, David Lipscomb, Green Hills and 12th South areas of Nashville.  I will be mailing brochures to the owners of these 250 homes and giving my opinion on potential profit they could walk away with if they sold their homes.  If you would like to be added to this list, please let me know and I will gladly add you.

It is my belief that you CAN build wealth over your lifetime with the real estate purchases that you make.  Even if you feel that you made a "mistake" with your home purchase, you need to know the FACTS about your circumstance, as each individual home or condo has its own story. 

I am hoping that these 5 suggestions help you make an informed decision about whether or not to sell your 12th South home in 2012!

2902
Nashville's 12th South Area: A Review of 2011 Real Estate Data
Emily Lowe, Nashville TN Realtor (The Lipman Group Sotheby's International Realty)

 

Nashville's 12th South Area:  A Review of 2011 Real Estate Data

Nashville’s 12th South area is a trendy spot for homeowners!  With the park, restaurants, shops and other businesses continuing to increase in number, 12th South is a real “hot spot!”

 

This is definitely clear when looking at Real Estate Data for 12th South during 2011. 

 

Here is what I found:

 

There were 86 properties  sold in Nashville’s 12th South area during 2011:

 

·         15 properties sold in the $500K-$700K range

 

·         43 properties sold in the $300K-$499K range

 

·         28 properties sold in the $299K and under range

 

The highest residential sales price in 12th South for 2011 was $629,700 and the lowest residential sales price was $180,100.  The average sales price per square foot was $169.33 and the properties were on the market an average of 79 days.

 

In the $500K-$700K range, all of the homes were either new or had been fully renovated.  One was not listed, but was sold by Realtors.  The average sales price per square foot was $180.86 and the homes were on the market an average of 82 days.

 

In the $300K-$499K range, three of the homes were fixer uppers (needing either kitchen or bath updates or both).  Eight of the homes were zero lot line (commonly known as duplexes).  The average sales price per square foot was $168 and the homes were on the market an average of 84 days.

 

In the under $300K range, ten homes were fixer uppers, three were zero lot line homes and one was not listed but was sold by Realtors.  The average sales price per square foot was $151.07 and the homes were on the market an average of 76 days.

 

As far as condos go, there were 5 condo sales in the 12th South area in 2011.  The average price per square foot was $155.61 and the condos were on the market an average of 86 days.  Condo sales prices fluctuated from $169,000 to $308,000. 

 

There were three lots sold in the 12th South area during 2011.  They were an average size of 0.39 acres, were on the market an average of 10(!!) days and ranged in sales price from $215K-$250K. 

 

Three multi-family homes were sold last year in 12th South.  They were on the market an average of 62 days and ranged in sales price from $154,000-$319,900.

 

Two commercial properties were sold.  Sales prices were $355,000 and $449,000.  They were on the market an average of 42 days.

 

The overall absorption rate for the 12th South area in 2011 was 60%.

 

Whew.  Got through them all.  12th South – you are definitely holding your own in real estate!

 

Now the fun part - the pie charts:

12th South Sales Price Range Data for 2011

12th South Real Estate Sales Data for 2011

12th South Real Estate Data for 2011

 

For more information on real estate in Nashville’s 12th South area, please feel free to contact me at 615.509.1753. 

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Fully Renovated Home in 12th South/Green Hills area of Nashville, TN
Maria Holland, Realtor, ABR, GRI, CDPE, SFR (RE/Max Elite, ABR,GRI, CDPE, SFR)

902 Sutton Hill Rd

Nashville, Tennessee 37204

BEDS: 3
BATHS: 2
SQ FT: 2,285
YR BUILT: 1949
FLOORS: 2
PARKING: 1 car garage
LOT SIZE: 20000 sq ft
Property Description

Conveniently located to all venues of Nashville and situated in a hot spot close to the new Vanderbilt 100 Oaks. Within walking distance to 12th South this little pocket of neighborhood will delight you with its large yards, old trees, vintage homes & friendly neighbors. This home has been remodeled with top of the line construction and attention to detail at every angle. New windows, roof, electrical, HVAC, copper plumbing & a new upstairs addition make this home absolutely tops! It is the 'Mercedes' of a remodel. 9 ft ceilings grace the downstairs and upstairs as well. Newly refinished hardwood flooring flows throughout downstairs. Nice custom cabinetry along with all new upscale model appliances were just installed. Newly tiled kitchen floor & walk in pantry make this home ideal. Wide hallways downstairs, large secondary bedrooms & a brand new secondary bath will leave your heart palpitating. Upstairs you will find a grand master suite with a walk in closet, office or reading area and a master bath to die for. An oversized Jacuzzi brand tub, walk in 5'x6' shower, double vanities which include a 12' counter and linen built ins that grace a 12'x6' area make you feel as if you are living in a retreat. Do you like a nice hot bath. You will love the instant hot water feature added with a recirculation pump. Beautiful Grade A hardwoods are upstairs including all along the stairwell which also features inset lighting for architectural interest. 1545 sq ft basement awaits you for storage, workshop or finishing for additional space. Outside you will find a side porch for outdoor enjoyment & entertaining as well as a fenced back yard. The owner has installed a fence around the entire back yard perimeter to create the perfect entertaining, play or pet space. This home features the ultimate in renovations. Call or email me for a complete list of all items included in the renovation.

Contact the Agent



Agent: Maria Holland
Email: mariaholland@comcast.net
Company: RE/MAX Elite
Web: www.mariaholland.net
Office: 615-661-4400
Cell: 615-289-6056

Virtual tour at
www.tourvista.com/3895

Additional Photos

Learn more about this property!

View 27 larger photos
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902 Sutton Hill Rd- Renovated home in 12th South Area, Nashville, TN
Maria Holland, Realtor, ABR, GRI, CDPE, SFR (RE/Max Elite, ABR,GRI, CDPE, SFR)

902 Sutton Hill Rd

Nashville, Tennessee 37204

BEDS: 3
BATHS: 2
SQ FT: 2,285
YR BUILT: 1949
FLOORS: 2
PARKING: 1 car garage
LOT SIZE: 20000 sq ft
Property Description

Conveniently located to all venues of Nashville and situated in a hot spot close to the new Vanderbilt 100 Oaks. Within walking distance to 12th South this little pocket of neighborhood will delight you with its large yards, old trees, vintage homes & friendly neighbors. This home has been remodeled with top of the line construction and attention to detail at every angle. New windows, roof, electrical, HVAC, copper plumbing & a new upstairs addition make this home absolutely tops! It is the 'Mercedes' of a remodel. 9 ft ceilings grace the downstairs and upstairs as well. Newly refinished hardwood flooring flows throughout downstairs. Nice custom cabinetry along with all new upscale model appliances were just installed. Newly tiled kitchen floor & walk in pantry make this home ideal. Wide hallways downstairs, large secondary bedrooms & a brand new secondary bath will leave your heart palpitating. Upstairs you will find a grand master suite with a walk in closet, office or reading area and a master bath to die for. An oversized Jacuzzi brand tub, walk in 5'x6' shower, double vanities which include a 12' counter and linen built ins that grace a 12'x6' area make you feel as if you are living in a retreat. Do you like a nice hot bath. You will love the instant hot water feature added with a recirculation pump. Beautiful Grade A hardwoods are upstairs including all along the stairwell which also features inset lighting for architectural interest. 1545 sq ft basement awaits you for storage, workshop or finishing for additional space. Outside you will find a side porch for outdoor enjoyment & entertaining as well as a fenced back yard. The owner has installed a fence around the entire back yard perimeter to create the perfect entertaining, play or pet space. This home features the ultimate in renovations. Call or email me for a complete list of all items included in the renovation.

Contact the Agent



Agent: Maria Holland
Email: mariaholland@comcast.net
Company: RE/MAX Elite
Web: www.mariaholland.net
Office: 615-661-4400
Cell: 615-289-6056

Virtual tour at
www.tourvista.com/3895

Additional Photos

Learn more about this property!

View 27 larger photos
Explore a floor plan graphic

www.tourvista.com/3895

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