Many of us are seeing a some softening in certain areas of town, and in certain price points, but you wouldn't really know it from these numbers. Stats for August are as follows.
Home sales prices in Nashville and Davidson County continued climbing through the summer.
The total number of units sold in August were up 3% while average home sales prices were up 15% from last year.
There were 1,825 home sales recorded for the month averaging $326,156 compared to 1,779 sales recorded in August 2016 averaging $282,520.
Median home sale prices were up 15% from last year to $264,900 versus $230,000 last August.
Through the first eight months of 2017 the number of home sales recorded are up 1% and the average home sales price is up 9% from the same period of 2016.
Antioch (37013) had the most home sales for the month with 206 recorded averaging $204,077.
Green Hills (37215) recorded the highest average sales price for the month of $723,533 across 85 sales.
Home sales over $1 million were up 57% from August 2016 with 47 recorded compared to 30 recorded last year.
August home sales were up 1% with 710 sales recorded for the month compared to 701 recorded in August 2016.
The average home sales price was up 10% to $524,088. The median sales price was $453,840, up 9% from last year.
Year-to-date the number of units sold is up 1% and average home sales prices are up 6% compared to the same period of 2016.
Franklin West (37064) had the most home sales for the month with 196 sales recorded averaging $514,918.
Brentwood (37027) had the highest average sales price of $750,502 across 118 sales.
Home sales over $1 million were up 57% from last year with 44 recorded for the month compared to 28 recorded in August 2016.
* * * * * * * * * *
Buying a home for the first time can be very intimidating, and sometimes it makes more sense with a fun graphic, right? When do I get an inspection - before I make an offer? I made this flow chart to map out the main points in the process. I've added it to my buyer's page.
I'm sorry, but I'm not ready for pumpkin spice everything just yet. The cooler air has me thinking in that direction, but I guess I'm clinging to the last of Summer. I made this ricotta gnocchi the other day, and it was a great bridge meal towards Autumn. Ricotta gnocchi is SO much faster and easier to make than traditional potato gnocchi, so it's a good choice when you don't have hours to spend preparing. I chose to make a rosemary and sage brown butter instead of a red sauce, with a few sautéed veggies thrown in. I didn't take a photo, but this is similar. Throw in the last cocktail tomatoes of the season into the pan to sauté, and toss with the gnocchi for a late Summer treat.
This weekend is one of our favorite events of the year, the Music City Food + Wine Festival. Hopefully I'll get great new ideas from all the chefs to share with you!
Until next time!
* My business is built on referrals, so if you know anyone looking to buy or sell, please send them my way!