Quite a third quarter: Real estate investors spend $571M in Nashville

Strong population growth and job gains are enticing real estate investors of all sizes, from all over the country, to Nashville. Their interest is causing the value of land and buildings to surge.

Quite a third quarter: Real estate investors spend $571M in Nashville

image via flickr user: friendlyghostmedia

In fact, investors spent $571 million buying commercial properties in Davidson County during the third quarter, according to an analysis released Tuesday.

That cumulative price tag is the biggest for a third quarter since at least 2006. That is the year Stephen Prather, who is senior vice president of brokerage at Chas. Hawkins Co. Inc., began tracking these statistics.

The third-quarter dollar volume is 23 percent greater than the previous record for that time. That benchmark was set in 2013’s third quarter, at $464 million. The results from this year are $107 million greater.

As we monitor the news in commercial real estate, we continue to see plans filed by investors for developments that will bring more than additional office space to Nashville. In fact, many of the developments include residential components, making them mixed-use developments. These developments hope to bring urban, walkable spaces that allow one to live, work, and enjoy life in the heart of the city.

Why do we keep an eye on figures for both commercial and residential real estate? Because the two go together like a hand and glove. Continued improvements and success in both sectors are good for Nashville’s economy. Not that we need to worry: PNC Bank’s chief economist says he expects Nashville’s economy to continue to outpace the national economy.

Video: Nashville Home for Sale in Sylvan Park

303 54th Avenue N
Nashville, TN 37209

Four bedrooms, three bathrooms

This immaculate home rests on almost an acre of land in the desired Sylvan Park area. A beautiful custom kitchen designed by a local artist and accented with glass, stainless steel, and Cherry wood cabinets highlight this lovely home. Hidden storage and built-in’s galore make this home plush with extra space. In addition, this memorable home features fireplace, large covered porch, deck, off bedroom balcony, kitchen nook, optional 5th bedroom, garden, cedar closets, plentiful upgrades and a convenient location!

Video: Nashville Home for Sale in Sylvan Park

Click on the image for more photos and information from The Lipman Group Sotheby’s International Realty.

For more information on this Sylvan Park home for sale, contact:

Margaret Odle, The Lipman Group Sotheby's International Realty

Maggie Odle, The Lipman Group Sotheby’s International Realty

Maggie Odle
The Lipman Group Sotheby’s International Realty
maggie.odle@sothebysrealty.com
615.491.4321

Welcome Annette Winters to The Lipman Group Sotheby’s International Realty

The Lipman Group Sotheby’s International Realty is thrilled to welcome Annette Winters as an affiliate broker.

Annette Winters, Nashville native, earned her bachelor’s degree in Journalism from the University of Memphis and followed her graduation with back to back dream jobs, such a great start for the recent college graduate. She worked Public Relations for The World Football League, Atlanta Hawks, Mens’ Professional Tennis and in 1984 decided to get her real estate license.

Annette Winters, The Lipman Group Sotheby's International Realty

Annette Winters, The Lipman Group Sotheby’s International Realty

Even though sports were a huge part of her life, Annette realized real estate would be her calling and in the years to follow Annette affiliated with former Town and Country Realtors. She supervised and led a sales team for condominium conversions in Green Hills, West End, Franklin and Memphis areas. She spent later years at Prudential Woodmont (now Woodmont Realty-Berkshire Hathaway) and managed a large group of rental properties for investors and home owners, mainly concentrated in the condominium market.

Annette spent the last several years serving the Washington, DC and southern Maryland area as an Associate Broker. She is now spending time reacquainting herself with her Nashville roots and working in this ever-changing market. Living and working in diverse communities such as Nashville, Atlanta, Manhattan and DC has given her different outlooks as to the personal wants and needs of her buyers and sellers. As a self-proclaimed “specialist in residential resale”, Annette works tirelessly to meet each and every one of her client’s needs and wants. With over 30 years in real estate, Annette draws on each of her experiences to facilitate a smooth transaction each and every time. She promises to provide her clients with every ounce of dedication, hard work, loyalty, and give them the utmost in customer service –  every transaction, every time. Annette is excited to join The Lipman Group Sotheby’s International Realty, a brand that offers extraordinary service to their agents and clients.

When Annette is not selling real estate you can find her involved or discussing one of the sports she is currently active in, such as USTA tennis or water sports, traveling, reading or watching a good football game.

Visit Annette’s website and search through all MLS listings that are currently available for sale or lease in Middle Tennessee.

Annette Winters

Affiliate Broker
Mobile: (615) 668-3215
Office: (615) 463-3333

Outdoor Living is In

From the pages of RESIDE® | Luxury Homes and Lifestyles Around the World | Fall 2014 Master Edition

Out is the new in.  Plush sofas, area rugs, stone fireplaces–for the past several years, traditional furnishings and design elements that were once relegated exclusively to interiors have been trickling to exteriors, with homeowners creating exquisite residential spaces under the skies for relaxation and entertaining.

And it’s not only the living room that has gone rogue.  The solitary, standard patio barbeque grill has been replaced with sophisticated, gourmet kitchens complete with pizza ovens, flat screen TVs and built-in espresso machines.  After cooking alfresco, homeowners wine and dine with family and friends under the stars and glittery chandeliers, followed by open-air movies or sports on pop-up screens.

KSG9V4 Thailand$2,750,000 USD | Koh Samui, Thailand | Hunter Sotheby’s International Realty

Nowadays “people don’t want to be confined to inside anymore,” says Suzanne Perkins of Sotheby’s International Realty in Montecito, CA.  They want the option to literally spread out—and to interact with nature with the same comfort and style that they enjoy indoors.

Indeed, when pros specializing in residential design were surveyed by the American Society of Landscape Architects to rate the popularity of outdoor design elements for 2014, kitchens and entertainment spaces were second most popular, at 92 percent (gardens and landscaped spaces came in first at 94OU.2 percent).

Of course, in certain parts, this indoor/outdoor approach to living isn’t new at all.  “This has been the lifestyle in Hawaii,” says Dodie MacArthur of MacArthur Sotheby’s International Realty in Kailua-Kona, Hawaii.  “Whatever activities you can do indoors you can do outdoors.”

Outdoor Living is In: Nashville Luxury Real Estate

$3,500,000 USD | Nashville, Tennessee | The Lipman Group Sotheby’s International Realty

Surprisingly, that’s also now the mindset in areas that aren’t particularly warm year-round.  “Outdoor living is a really big trend here over the last couple of years,” says Andrew Ernemann, a broker associate at Aspen Snowmass Sotheby’s International Realty.  Although they have a short warm weather season, Ernemann’s clients want to maximize their time outdoors when they stay in Aspen.

But the trend isn’t just about stepping out and reclining on a deck or patio.  It’s far grander than that.  “It’s about creating a personal destination.  People want the entire experience of the best resorts in the world, incorporated into their outdoor spaces and customized for their needs,” says MacArthur.

One of the best ways to achieve a seamless, organic flow with an open floor plan is by utilizing floor to ceiling sliding or swinging glass doors, suggests Perkins, “so the outside isn’t a secondary defined area, but more of a smooth transition from inside to outside.”

3299vb BarbadosPrice Upon Request | Saint James, Barbados | West Coast Villas Sotheby’s International Realty

When considering the creation of outdoor living spaces such as a dining room, living room and kitchen, do work with a landscape architect and/or interior designer with experience in indoor/outdoor living.  And Brooklyn-based designer Lyani Powers says that a good approach is to plan the entire project at once, taking into account basic necessities such as plumbing, heat and electricity, audio and visual equipment and wireless/internet connectivity.  There may also be structural additions, such as pergolas, loggias or lanais, for shade and protection.

There are outdoor living solutions for all types of climates, even rain and cold.  “Open but covered is the way to go,” says Krista Hunter of Hunter Sotheby’s International Realty in Thailand.  “Otherwise you run the risk of not being able to use your outdoor space for much of the time.”  In Aspen, some homeowners add roofs over their outdoor living rooms so they can still be utilized in the winter.

ZZSGLS Hawaii$11,950,000 USD | Hawi, Hawaii | MacArthur Sotheby’s International Realty

Most outdoor areas typically feature recreational zones, which can include a hot tub and swimming pool.  But consider adding wow factors to enhance the outdoor experience:  a pool table, a life-size chess set, a putting green and a bocce ball court.   Take it a step further with a complete bar, which can connect visually to the nearby kitchen zone, where function is at a maximum with every state-of-the-art stainless steel appliance that’s incorporated in standard indoor kitchens, plus a variety of extras:  a hooded grill with a built-in fryer and smoker, a pizza oven, a rotisserie, a wine cooler, icemaker and wet bar, a cappuccino and espresso machine, and of course, ample storage space, work stations and countertops with stools for casual eating.

SY9BJT Colorado$20,000,000 USD | Woody Creek, Colorado | Aspen Snowmass Sotheby’s International Realty

Adjacent to the kitchen would be a dining zone.   For a cozy effect, cover it with a pergola and then hang a decadent chandelier over the table to set the mood at twilight.   After a fine meal, meander over to the living room zone.   If cool weather is a factor, think about including a heating system – which may range from traditional patio heaters to a built-in fireplace or radiant heat.  This space in particular should offer ample ambient lighting, entertainment in the form of audio and/or visual equipment designed specifically for the outdoors and comfortable seating (upholstered in outdoor fabrics, of course), area rugs and accessories, but do keep in mind one rule of thumb, stipulates HGTV and STYLE Network expert Kelly Edwards:  all of the exterior spaces must coordinate aesthetically with your interior décor, so that your home – inside and out– is cohesive and visually appealing.

Other than that, when going out, the sky’s the limit.

Article provided by Claudia Gryvatz Copquin exclusively for Sotheby’s International Realty®.

Browse our digital magazine featuring outdoor living spaces >

Video: Gorgeous and Spacious Home for Sale in Hermitage TN

5005 John Hager Road
Hermitage, TN 37076

Three bedrooms, two full bathrooms

Gorgeous, spacious home with open floor plan. Fantastic for entertaining. Features high ceilings, arched doorways, and plantation shutters in front. Three bedrooms, two full bathrooms and massive bonus room. Conveniently located by Percy Priest and Providence.

Video: Gorgeous and Spacious Home for Sale in Hermitage TN

Click on the image for more photos and information from The Lipman Group Sotheby’s International Realty.

For more information on this home for sale in Hermitage TN please contact:

Sutton Lipman, The Lipman Group Sotheby's International Realty

Sutton Lipman, The Lipman Group Sotheby’s International Realty

Sutton Lipman Costanza
The Lipman Group Sotheby’s International Realty
sutton.lipman@sothebysrealty.com
615.438.6149

Nashville Home Sales By the Numbers: September 2014

Throughout 2014, Nashville’s home sales have seen steady increases month after month. Each month we have reported the numbers right here on our blog and given our recommendations for both buyers and sellers based on the figures and our market experience.

Now the numbers for September have been released by the Greater Nashville Association of Realtors showing that the number of homes, condos and properties sold last month surged 19 percent!

Take a look at the numbers below:

Nashville Home Sales by the Numbers: September 2014

There were 3,122 home closings reported for the month of September. That number is up 19 percent from the 2,626 closings reported for the same period last year.

Nashville Home Sales by the Numbers: September 2014

Third quarter numbers have increased with 9,606 closings reported in 2014, over 8,861 closings reported for the same quarter in 2013.

Nashville Home Sales by the Numbers: September 2014

Year-to-date closings for the Greater Nashville area are 24,942. That total is up 5.2 percent from the 23,720 closings reported through the third quarter of 2013.

In the third quarter, between July and September, nearly every county in our area saw increases in residential sales, condominium sales or both. And even more gains are looming: There were 3,049 sales pending when September ended. That’s 562 more than at that point in 2013 — a 23 percent increase.

Home prices in Nashville are on the uptick, but price is still very much in line with value. It’s a smart time to both buy and sell. The median residential price for a single-family home during September was $211,400, and for a condominium, it was $162,000. This compares with last year’s median residential and condominium prices of $195,660 and $159,092, respectively.

Inventory remains at a lower level and today’s buyers are savvy. They are informed about market trends and comparable sales, and they’re not willing to overpay for a home. The demand from buyers for well-prepared and properly priced properties remains strong.

With one of the strongest markets in the country, now is definitely the time to make a move. Whether you are buying or selling a home, contact us at 615-463-3333 or stop by our office at 2002 Richard Jones Road, Suite C-104; Nashville 37215.

Video: Freshly Updated Home for Sale in Franklin TN

107 Walters Avenue
Franklin, TN 37067

Three bedrooms, two full and one half bathrooms

Extremely nice home in Franklin in a great community! New paint throughout, carpet, hardwood flooring, granite, lighting and more. Great Cool Springs location with an easy walk to 15+ restaurants, coffee shops, etc. Beautiful setting with over sized deck and private backyard. Community features pool, clubhouse, and tennis courts. This home is a 10+. Recent updating plus new roof in 2008 and HVAC in 2011.

Video: Freshly Updated Home for Sale in Franklin TN

Click on the image for more photos and information from The Lipman Group Sotheby’s International Realty.

For more information on this Franklin home for sale, please contact:

Bettye Morris, The Lipman Group Sotheby's International Realty

Bettye Morris, The Lipman Group Sotheby’s International Realty

Bettye Morris

The Lipman Group Sotheby’s International Realty
bettye.morris@sothebysrealty.com
615.300.0188­

Don’t Miss these Nashville Fall Events & Festivals!

Don’t Miss these Nashville Fall Events & Festivals!

photo via flickr

At last! It’s time to embrace the sights, sounds, food and fun that make Nashville a great place to enjoy the fall. With amazing fall temperatures here to stay, we know Nashvillians are busy enjoying the outdoors, watching football, and improving their curb appeal by decorating with pumpkins, corn, hay bails and much more.

Nashville is pulsing with great events going on this fall, offering a reason to celebrate the season every weekend during October.

Festivals to Celebrate the Season

Cheekwood Harvest
September 27 – October 26

Experience one of Tennessee’s most beloved seasons at Cheekwood! A stroll around the grounds during Cheekwood Harvest is a wonderful way to enjoy the crisp fall air and drink in the changing hues of the landscape. With over 5,000 chrysanthemums planted, weekly special events, live music, drop-in “Art”ivities in the studio and some of the most gorgeous weather of the year, Cheekwood Harvest is one of Nashville’s favorite fall traditions. You can also pick your favorite pumpkin or spend an afternoon finding the friendly scarecrows hidden around the Turner Seasons garden, each created by a different community group or organization.

Pumpkinfest in Franklin
October 25 – 10:00 am to 6:00 pm

In it’s 31st year, this festival takes place in the charming area of Downtown Franklin where Main Street fills with families, 75+ arts and crafts booths, food and drink vendors, games and live music. With free admission and continuous family-friendly entertainment, Pumpkinfest is worth the 25-minute drive from Nashville.

Festivals Celebrating Food & Drinks

Nashville Oktoberfest in Germantown
October 10 – 12

Nashville Oktoberfest in Germantown is back and better than ever with three days of celebration. Expect authentic German food, three stages with live music, a limited release Yazoo Oktoberfest brew, craft vendors and more. Best of all, admission is FREE.

Nashville Whiskey Festival
October 11 – 6:30 pm to 10:00 pm

The Nashville Whiskey Festival will celebrate three years at the 2014 festival. This festival takes place Downtown at the Country Music Hall of Fame and is all about celebrating whiskeys and bourbons. It offers guests the opportunity to meet distillers, taste whiskeys, learn about the whiskey-making process, enjoy live music, good food, and more. Tickets are $100 and include 3+ hours of tasting time with 32 tables of whiskey, scotch, bourbon, and moonshine.

Tennessee Beer Festival
October 18

This is a Nashville event put on by Nashville residents in hopes to provide the perfect festival for beer aficionados. There will be plenty of craft, seasonal and micro beers for everyone to enjoy and all festivities will be located on the grounds of the Historic Two Rivers Mansion. Admission includes 4 oz. samples from the best local, regional, national, and import breweries in the world – and this year features 2 oz. high gravity beer samples too. This is a strictly 21 and up event and tickets are $35/person online, $45.00/day of the event, and $15.00/Designated Driver (non-drinking admission).

Music City Bacon & Barrel Festival
October 25 – 6:00 pm to 10:00 pm

Join the fun at the Nashville Farmers’ Market as we celebrate two commonly appreciated southern traditions: hearty food & distilled spirits. We will bring together 25 of Nashville’s best restaurants and a vast array of distilled spirits to savor a weekend of bacon, bbq and all the good things that come from old oak barrels. Enjoy healthy portions of your favorite bacon dishes while listening to live bluegrass music. Tickets are $35.00 and can be purchased online.

We have highlighted at least one festival per weekend in October, but be sure to check out sites like NowPlayingNashville.com and NashvilleGuru.com for even more fall events and Halloween activities in the next month!

Why You Need a Realtor in the Brisk Fall Market

Now more than ever, buyers and sellers in Middle Tennessee need guidance from an experienced real estate professional. According to experts at Keeping Current Matters, having a Realtor is more important than ever, thanks to rising interest rates and home prices.

Why You Need a Realtor in the Brisk Fall Market

At The Lipman Group Sotheby’s International Realty, our expert agents are members of the Greater Nashville Association of Realtors and the National Association of Realtors. Contact us today to help manage the sale or purchase of property in Greater Nashville and Middle Tennessee.

Here’s where a Realtor can offer the most help:

What do you do with all this paperwork?

A true real estate professional is an expert in the market and can guide people through the stacks of state-regulated paperwork necessary to make a transaction a reality.

Ok, so you found your dream house, now what?

According to the same sources, there are more than 230 possible actions that need to take place during every successful real estate transaction. Buyers and sellers need an expert to lead the way from start to finish.

Are you a good negotiator?

From the buyer (who wants the best deal possible) to the home inspection companies, to the appraiser, there are at least 11 different people that sellers will have to be knowledgeable with and answer to during the process.

Do you know what’s really going on in the market?

Hiring an agent who has their finger on the pulse of the market will make your buying/selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.

Video: One Level Home for Sale in West Meade

6690 Clearbrook Drive
Nashville, TN 37205

Four bedrooms, two full and one half bathrooms

Secluded and classic West Meade home is ready for new owners! Sturdy, strong foundation, lovingly maintained by same owner for 24 years. One level living with two car garage in basement. Hardwood floors under most carpet, three large living areas, spacious kitchen.

Video: One Level Home for Sale in West Meade

Click on the image for more photos and information from The Lipman Group Sotheby’s International Realty.

For more information on Nashville home for sale in West Meade, please contact:

Emily Lowe of The Lipman Group Sotheby's International Realty

Emily Lowe, The Lipman Group Sotheby’s International Realty

Emily Lowe

The Lipman Group Sotheby’s International Realty
emily.lowe@sothebysrealty.com
615.509.1753