Nashville Real Estate - No Bubble Bursting Here

Nashville, TN is home to many things including music,perfect and can be easily accessed from any location
sports, museums and fine dining. It is also home to aaround the city.
growing number of homeowners. According to theAside from great real estate prices and ease of travel,
Greater Nashville Association of Realtors, NashvilleNashville boasts a thriving downtown where a person
(unlike many other cities) is not experiencing a housingcan catch a Tennessee Titans football game,
bubble. September 2006 closings were two closingsPredators hockey game, go see any style of music at
short from the previous record setting September ofvenues like the Ryman Auditorium or simply sightsee
2005. The average number of days on market, thearound a truly modernized southern city. The city
amount of time a home takes to sell, was roughly theplanning department and real estate developers are
same as last year's number at 57. This is a good signnow looking towards the future of downtown by
since this year's inventory is slightly up from theutilizing one of its best features, the Cumberland River.
previous year indicating a lean towards a buyersNashvillians have enjoyed the river for years as a
market. Combined with low interest rates, it is definitelystage for various music concerts and fairs. Now there
a great time to invest in this area.has been talk of redesigning the banks of the river to
A good quality of life at an affordable price is why soincorporate it into the downtown spotlight. Everyone
many people are now calling Nashville home. Manyfeels that this is a must to catapult Nashville into having
corporations like Nissan North America are deciding toa truly unique downtown.
relocate their corporate offices to the Nashville areaA small town feel still exists in this area of over 1 million
because of the moderate cost of living andpeople. Over the past few years downtown condos
convenience. Not to mention that Nashville ishave been the choice for many people seeking an
considered one of the friendliest cities in the U.S. Nissanurban living experience. Condo sales have been
is building their corporate complex in Franklin, TN juststeadily growing with no end in sight. With the median
south of Nashville. Currently they are using thehome price of a single family residence in September
Bellsouth, or bat building as the locals refer to it, as theiraveraging $178,900 and a condo at $153,841 Nashville
temporary office. Many employees have alreadyis a bargain compared to other cities of similar
relocated to the area and are very impressed with theproportion. The every changing skyline is proof that
scenic landscape and multitude of activities. Howeverpeople are ready to work and play downtown.
the biggest surprise is how much home in terms ofInvestors are also taking notice of this area and are
price per square foot that they are able to affordfighting for prime real estate for future expansion. An
compared to where they use to live. A Los Angelesarea called SoBro or South of Broadway is
home is over double the amount per square foot thanconsidered to be the next hotspot for real estate
the same home in Nashville. Many people are payingdevelopment. With easy access to all of Nashville's
cash for their Nashville home from all of the sale equityvenues it is no wonder why investors are extremely
in their current home.interested in this section of town.
Getting in and out of Nashville is a breeze with aWonderful people, a great community feel and an
superb interstate system. Although a few traffic jamsoverall sense of home combine to give the Nashville
occur during the morning and afternoon rush hours, it isTennessee real estate market strength and it's
far less than most major cities. The International Airportapparently here to stay. I'm surprised a song has not
could not be any easier to navigate around and neverbeen written about it already!
seems to have long lines. The airport's location is