Keeping It Local Williamson County | Premiere Homes Report
Home Sales Continue To Remain Higher Year-Over-Year August home sales across Williamson County over $500,000 were 27.9% above sales in August last year, which marks the 6th straight month that our market has shown a year-over-year increase in the number of transactions. As the market picked up over the summer, an expected monthly increase in home sales from March to July registered 27.2%. Breaking down the numbers,87 homes closed in the month of August which was just off the yearly high we saw in July. 156 homes are currently listed as “pending” which is a strong indication that we will see a strong third quarter in 2012.
September 2012 volume 1
“It appears that home sales are staying strong through the summer months in part to low interest rates as well as competitive prices,” says Ryan Ford of the Ellis & Ford Group. “It’s good to see sales still running higher than last year and as long as rates remain low, we expect the number of transactions to continue to increase from years past.”
# OF TRANSACTIONS 120 110 100 90 80 70
Inventory across Williamson County with an asking price of $500,000+ currently amounts to 716 single family residential properties listed for sale with distressed properties accounting for roughly 1.8% of those homes. These homes include Foreclosures, Bank Owned Properties, as well as short sales.
For the properties that sold in August, the average DOM was 92 days. Comparing this to the last 6 month average of 91 days, we see that the market is staying relatively steady. However, expect this number to increase over the next few months as we head into the fall and winter seasons.
50 40 30 20
AVERAGE SALES PRICE Throughout the area, prices continue to fluctuate up and down from month to month. August’s average sales price was $743,855 which is up 1.8% from July’s average sales price of $730,479. While seeing glimpses of prices returning to the levels of years prior, the volatility from month to month cannot justify saying that prices are going to continuously rise or fall.
AVERAGE SALES PRICE
August 2012 August 2011
From the desk of the…
Ellis & Ford Group Being that this is the first volume, we wanted to take a second to introduce ourselves and give you an idea of what you will find each month in our newsletter. First off, our names; Trey Ellis & Ryan Ford. We have over 7 years of experience in the real estate business and counting. We both spent time under top producing agents here in the Nashville area which was invaluable. When we saw the opportunity to make our own mark in the community, we dove head first. With the help of RE/MAX Choice Properties located in Brentwood, we are combining the strength of the RE/MAX name with our fresh perspective on marketing to not only sell homes but to be local experts available to answer any questions you may have. Our hope is that each month you can take something away from this newsletter that you find valuable. If you are wondering how the local real estate market has changed over the last few months, we have market statistics. If you enjoy helpful home maintenance tips, you will find those in here as well. Want a chance to go to the movies on us? Voilà! We are excited about where our local market is heading and to be a part of it! Sincerely,
“WHO WANTS TO WIN MOVIE TICKETS FOR TWO?” Be the first person to contact us with the correct answer to the question below and we will send you Movie Tickets for two to the Carmike Thoroughbred 20 theater in Cool Springs! What year was the first Labor Day celebrated? (Hint: It was celebrated in New York City) A) 1882 B) 1883
REAL ESTATE TIP OF THE MONTH… WARREN BUFFET’S FIVE REAL ESTATE TIPS Source: AOL Daily Finance 1. The Basic Premise of Home Ownership - That Homes Increase in Value Over Time -- Is Sound “It’s a totally sound premise that houses will become worth more over time because the dollar becomes worth less,” Buffett declared in a Congressional hearing. The sound premise, Buffett explained, got distorted and eventually caused the housing crisis. 2. Buy Low (And Now Would Be a Good Time for That)
In an annual shareholder letter to Berkshire-Hathaway Investors, Buffett declared that now would be a sensible time to buy a home, in light of record-high affordability.
3. Don’t Wait Too Long To Take Advantage of Low Prices
Email “firstname.lastname@example.org” with your answer and we’ll contact you if you win!
Buffett wrote in the New York Times, that buying while prices are low is stressful because economic markets are impossible to predict. So, when conditions make a home investment advantageous, Buffett says, “Don’t wait too long. If you wait for the robins, Spring will be over.” 4. The Smart Way to Own a Home Has Three Elements
WHAT OTHERS ARE SAYING ABOUT US… “I am pleased and blessed that Trey and Ryan came into my life and helped me tremendously after two different agents were unable to sell my home. I can promise you that when I am ready to sell or buy again, they will represent me.” - A. Lane
NOW YOU CAN READ THIS NEWSLETTER ONLINE… Visit our blog section at “www.EllisFordGroup.com” to read the latest edition, view market trends, get home maintenance tips, and view other information on our community. Like to be notified of next months issue? Email “email@example.com” and we will email you with next months edition.
Those elements are: fixed mortgage, affordable payments and long-term hold. Get a meaningful down-payment and gear fixed monthly payments to a sensible percentage of income. “Only buy something that you’d be happy to hold if the market shut down for 10 years.” Buffett still lives in the 5-bedroom Nebraska home he bought 52 years ago for $31,500. 5. Buying Your “Dream home” May Lead to Nightmares In the shareholder letter, after he pointed out the right way to own a home, Buffett pointed out the wrong way. “When dream homes are bought, using rapidly adjusting mortgage payments and unsustainable monthly costs, the dream can go bad quickly. Your goal should not be to buy the house of your dreams, but rather to buy a house you can afford.”
BUYER’S ADVANTAGE PROGRAM… CUSTOMIZED LOAN PROGRAMS Our preferred mortgage team has the experience to get you a loan program that best meets your financial needs and based upon the house you want to buy. They are skilled in creative financing to limit the amount of money you need to come to closing, getting you the best rates, and even getting you into your home without having to make a payment for the first 60 days that you live there!
Picture of the Month
Do not wait to strike till the iron is hot; but make it hot by striking.
Keeping It Local | Premiere Homes Report is a free publication of real estate tips, news and information published each month by:
~William B. Sprague
Would You Like To Find Out
What your home is worth?
Or perhaps thinking of selling soon? We can help! No sales pitch… No runaround. Our team is available to give you the facts about your home. Just call us at 615.921.8105 or visit… Ryan and Trey with RE/MAX’s award for customer satisfaction.
www.EllisFordGroup.com | 615.921.8105 | 750 Old Hickory Blvd. Suite 1-140, Brentwood, TN 37027
ENJOY A HEALTHY HOME: 10 MISTAKES TO AVOID Source: HGTV.com Mistake 1: Bedding down with dust mites Use zippered dust-proof casings for pillows and mattresses; the pore space of such casings is so small that dust mites and their waste products can’t get through. Mistake 2: Vacuuming without a HEPA filter Use HEPA (high-efficiency particulate air) filters to prevent tiny particles of dust from being blown back out into the air. Mistake 3: Forgetting to change the vacuum’s filter Changing the filter is an essential part of keeping dust out of the air and preserving the life of the machine. Mistake 4: Forgetting to change the AC filters Never run your heating/air conditioning system without filters, and be sure to change them regularly. Mistake 5: Not ventilating your bathroom Running the exhaust fan (and making sure it’s vented to the outdoors) helps remove moisture from this naturally humid room. Mistake 6: Not attending to your gutters Leaky gutters can cause excessive moisture entering your basement or crawlspace. If you don’t have covered gutters, regular litter removal is a must, not only in the fall but all year long. Mistake 7: Too many textiles in the bedroom Carpeting, lots of pillows, a quilted headboard and upholstered chairs all wind up being dust catchers. Consider losing some of those for an easier-to-keep-dust-free environment. Mistake 8: Too many textiles in your living area One primary dust source in a home are the fabrics themselves. Mistake 9: Inviting allergens into your yard Avoid plants that are wind-pollinated; grasses are among the worst pollen offenders among plants. Mistake 10: Not following your nose If you detect a musty smell in your home, inspect closely until you find the source of the smell. The sooner you find the mold, the easier it will be to remove.
LOCAL PEOPLE | LOCAL BUSINESSES “We feel that there is no better way to help our economy than to connect our locally owned businesses with the people of the community that we serve.” -
Andrew Wilson | (615) 414-8411
Chris Robinette | (615) 309-6468
NMLS# 790940 | Lender ID# 4664 www.acopiahomeloans.com/awilson 215 Centerview Drive Suite 210 Brentwood, TN 37027
www.financialguide.com/Chris-Robinette firstname.lastname@example.org 8 Cadillac Drive Suite 150 Brentwood, TN 37027
$100 OFF During the months of September & October, mention this newsletter and receive $100 off the Closing Fee with Trustland Title and Escrow. 1720 West End Ave. Ste 400 Nashville, TN 37203 | 615.522.0140 | TrustlandTitle.com www.EllisFordGroup.com | 615.921.8105 | 750 Old Hickory Blvd. Suite 1-140, Brentwood, TN 37027
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Choice Properties Each Office Independently Owned and Operated
Ellis & Ford Group 615.921.0700 Info@EllisFordGroup.com www.EllisFordGroup.com
Do you know someone who is looking to buy or sell a home? Please let us help them reach their real estate goals! Call us at 615.921.8105
750 Old Hickory Blvd. Ste 1-140 Brentwood, TN 37027
Interested in announcing an upcoming event or advertising? Contact us for pricing and distribution information. Information is deemed accurate, but not guaranteed & subject to change. Not meant as a solicitation if property is currently listed for sale. Exclusive property of Ellis & Ford Group. Not to be duplicated or recreated in any way.
RECENT HOMES SOLD BY THE
Ellis & Ford Group
750 Old Hickory Blvd. Ste 1-140 Brentwood, TN 37027
Keeping It Local | Premier Homes Report is a free publication of real estate tips, news and information published each month by the Ellis &...