2016 market trends report
TRANSCRIPT
7/23/2019 2016 Market Trends Report
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R E A L
E S T A T E
THINGS TO
West Main Realty & Auction
Market Trends REAL ESTATE IN 201NASHVILLE TN • MIDDLE TENNESSEE AR
615.476.2953 615.444.7The Goodman Group
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INVENTORY LINKS & AREAS WE SERVE
BY MLS AREAS
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BUYING CLIMATE IN 2016
HOME PRICES TO CONTINUE RISING OVER THE NEXT YEAR, BUT AT A SLOWER PACE THAN IN THE
PAST. NATIONALLY, PRICES ROSE ROSE 8% IN 2012, 11% IN 2013, AND 5% IN 2014 BUT
ANALYSTS ARE PREDICTING SMALLER GAINS OF 2% – 4% THROUGH 2016.
DO NOT rely on third-party sites to give you real-time information and active statues. By the time they get the
property uploaded in their system and to you chances are it's already sold and your standing out in the cold. Pick
up the phone and call the listing agent or your preferred Realtor for direct access to the current status of a
property in Middle Tennessee. You also need to be fully approved by your lender and ready to write a contract
because bidding wars are heavily expected in the new year and have already been happening in select markets
across the country Nashville being one of them. Mainly focus on location resell value and structural integrity with
cosmetic issues being secondary.Try not to be too picky.Interest rates are expected to rise in small increments.So if
you plan to stay put for a while, and you feel pretty good about your employment and income situation, 2016
might be a great time to buy a home.We study your local real estate market to see what home prices are doing,
and what they are expected to do over the next year or so. This will help you time your purchase to avoid paying
more for a house. If you live in an area where house values are expected to rise steadily, you might be better off
moving sooner rather than later.Contact Joseph Goodman at 615-476-2953 to start planning strategies for your
2016 real estate purchase investment.
RENT PRICES ARE EXPECTED TO CONTINUE TO CLIMB INTHE NEW YEAR, WHICH MEANS IN MOST CITIES, BUYING
WILL BE CHEAPER THAN RENTING.
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SELLING CLIMATE IN 2016HOMES ARE SELLING EVEN FASTER THAN IN THE PRE-RECESSION YEARS. MORE THAN A QUARTER
(28 PERCENT) OF TODAY’S SELLERS WERE ABLE TO SELL THEIR HOME IN LESS THAN TWO WEEKS.
BY COMPARISON, ONLY 19 PERCENT OF HOMES SOLD IN THAT TIME FRAME IN 2006-2007.
SELLING in 2016 with inventory being lowest in 10 years properties in the Middle Tennessee area are bringing a
premium when marketed correctly to the right audiences.If you have to sell in order to purchase we highly
recommend that your property be actively on market with steady showings occurring because simultaneous
closings will almost be a necessary plus you have to add the new TRID regulations into the process which is
expected to cause delays the first quarter of 2016.If you set a price from 5% to 10% above the market, you're
more apt to get an offer close to your home's real value than if you start much higher and force your listing to go
stale. However, if your home has better qualities than area comps, you have a bit more latitude.Date of deed is a
good option in case the seller needs extra time to vacate or lender delays.Some transactions can take up to 60
days depending on the property and the lender.Different properties require different financing.The biggest tax
break for ordinary taxpayers is still the exclusion on capital gains for the sale of a personal residence. Single
taxpayers can exclude up to $250,000 in gains from the sale of a home from tax, and joint filers get a double-
sized exclusion of $500,000.Contact Joseph Goodman at 615-476-2953 to start planning strategies to sell your
real estate investment in 2016.
LESS THAN HALF OF TODAY’S SELLERS TAKE THE FIRST
OFFER THEY RECEIVE, DOWN FROM NEARLY 60 PERCENT
DURING THE RECESSION AND IN THE EARLY YEARS OFTHE RECOVERY.
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SUMNER -HENDERSONVILLE AREA 9
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The data comes in part from the Internet Data Exchange Program of RealTracs Solutions.
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RUTHERFORD -MURFREESBORO AREAS 21-32
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The data comes in part from the Internet Data Exchange Program of RealTracs Solutions.
615.476.2953 615.444.
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ROBERTSON -WHITE HOUSE AREA 14
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The data comes in part from the Internet Data Exchange Program of RealTracs Solutions.
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MACON -LAFAYETTE AREA 95
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The data comes in part from the Internet Data Exchange Program of RealTracs Solutions.
615.476.2953 615.444.
West Main Realty & Auction
he Goodman Group
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S P R I N G O F 2 0 1 6Some of the most rarest and pristine water frontage Mount Juliet Tennessee hasto offer with 3 mile lake views situated in its own on private cove beside themain channel with 3.55 gated acres.Has 375 feet of Corps of Engineers frontage with a very gentle slope to the shoreline along with a double boat dock,ingroundpool,jetty,3 bedroom 2.5 bath home has 2286sf home and large commercialoutbuilding.Located on Saundersville Rd.
Offering at $1.4 million.Emai l us for additional informati on [email protected] Proof of funds required upon showing.
lake front
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Partnering with us to market your home guarantees the utmost in quality service anexposure, regardless of price point.
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West Main Realty & Auction
he Goodman Group
204 Bahia Mar Pt Hendersonvi ! e, TN-Sold