What Happened to This Listing? Nashville Housing Update
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- Опубліковано 9 лют 2025
- This is a Data centric Analytical approach to the Nashville Tn Housing Market. We look at trends in active listings, median price, mortgage rates, contracts, rent rates
Ethan Flynn
www.ethanflynn.com
423-767-6000
tflynn@realtracs.com
www.ethanflynn.com
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TN CPA License: 24309
TN Real Estate License: 356949
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www.realtracs.com
Recurve Real Estate
DANA JORGENSEN
PRINCIPAL BROKER | OWNER
LICENSE: 344195
(615) 496-3837
dana@recurverealestate.com
#housingmarketupdate #nashville #housingcrash #housingmarket
www.ethanflynn.com
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Love the neighborhood tracker! You’re the only UA-cam real estate data guy doing that and it makes so much sense. We all know that one neighborhood away can be a different world!
@@samharris82 thanks Sam!
Ethan..that's not the scarry part! He purchased it in May 2022 for $1.550 and put it back on the market five months later, October 2022 for $1.9 million. It's been on the market for two years. Going to check to see who buys it and for how much.
Unbelievable
Great video. Love the data.
Hard to imagine a decrease in price averages with rates trending down. Should help affordability nonetheless.
Thanks! Hard to tell with inventory going up what will happen. But prices are holding much better than I would have imagined.
I'd love to see the Bellevue section of Nashville covered!
Noted! Is there a neighborhood specifically? Are you think about buying in that area?
@EthanFlynn Rolling River Estates, Poplar Creek neighborhoods are of interest. Stonemeade and Traceside are also great little pockets of info. I appreciate the response.
100% spot on. I never thought we could find a deal in this market. But after staring at decent zipcodes for weeks on end, looking at various offerings, get bid rejects on low ball offers, we snagged a deal for 116 sq ft in a 220 sq ft zipcode.
Refi in a yr or two (hopefully) and it's generational wealth.
Way to go!
What is the software you are using at 2:30? You clicked on something called NHI Data Tracker.
I made it. Schedule time and I can demo it.
Great content. Thank you
Glad you liked it!
Just looking at the listing on 47th, I don't think that house is badly over priced. I just think that location next to ball park is a negative for most people, but someone will see it as a positive eventually. There are multiple listings in Sylvan park of old homes that seem very over priced to me, they may have 4,000 sqft, but it is a low quality 4,000 sqft.
It’s a nice house. I would disagree on over priced though. Not saying they can’t get it, but just the fact they bought in a sellers market and are selling in a buyers market tells me that fair value would shift some.
Sylvan Park is easily one of the best neighborhoods IMO so I can see it selling for that if they can hang on. But they may have to rent it for a while and wait for dynamics to shift.
You have to look at more than just the numbers, for example, price per square foot. It's very misleading and you are not setting realistic expectations for people. You need to take into consideration the state of the home. Does it need to be remodeled? Does it back up to a railroad? Is the driveway really steep? How big is the backyard? So what if it's a higher priced (outlier) listing? If it's been remodeled and you are comparing it to homes with original builder grade finishes, of course it is going to cost more. You are doing a disservice to both buyers and sellers. You can't go purely by numbers. Look deeper. Regarding the Walnut Ave listing, it's unfortunate that the people paid $1,550,000 for it. The reason it's not selling is that it needs a $250,000 remodel. No one is buying projects these days. They'd still be in the hole if they sprung for a remodel, but at least they could have unloaded it by now.
Not sure if you are serious but everything you mentioned shows up on those charts as a comp.
However, we aren’t OpenDoor. We still view the houses and consider where it belongs.
Thanks for watching!