With the latest hoopla that La Vergne was named the best place in Tennessee to buy a home by Go Banking Rates, I thought this would be a fun reason to revisit some of my old post topics – real estate updates for our city! Information shown here was pulled from the “public” side of realtracs.com.
Number of (Site-Built) Houses for Sale (not including condos): 60
Number of Houses for Sale Under $100,000: 1
For Sale Between $100,001 and $125,000: 0
For Sale Between $125,001 and $150,000: 1
For Sale Between $150,001 and $200,000: 9
Over $200,000: 49
Most Expensive House, $529,000
106 Lakepointe Rd.
3 Beds, 4 Full Baths, 1 Half Bath, 4500 SqFt
Indoor Swimming Pool!
Least Expensive House, $92,900
458 Old Nashville Hwy.
2 Beds, 1 Bath, 736 SqFt
So here’s the doozy… I went back to look at a post I wrote from May 10, 2010 and the difference is astounding!
Number of Houses for Sale (not including condos): 313 (now 60!)
Number of Houses for Sale Under $100,000: 38 (now 1!!!)
For Sale Between $100,001 and $125,000: 91 (now 0!!!!)
For Sale Between $125,001 and $150,000: 72 (now 1!)
For Sale Between $150,001 and $200,000: 67 (now 9!)
Over $200,000: 45
This is absolutely a sellers market, although it is my opinion that the market value may have dropped in the past six months. For example, I watch zillow and although it doesn’t have the accuracy that a qualified real estate agent would bring to the table, my home value has dropped by about $30,000 in their calculations from just six months ago. The bottom line is if you want to sell, this seems like a great time!