Under $200,000 Market HOT!

    There is plenty of talk about the Nashville market, and slowing sales. Since Village is more urban then most, our market is strong, and we had our best month ever in July. We offered through our e-newsletter an Under $200K Tour, and invited folks to join us to see lofts and condos in the attainable price ranges on a Sunday afternoon. We were overwhelmed by the response. Thinking that we were going to rent a van, we actually had to rent two Greyhound charter buses to accommodate over 100 people! The buyers turned out, and our team accommodated. You each had your favorites, from Werthan Lofts, to East End Lofts, to Centennial Row, to Velocity. I believe that we’ve sold four or five of you homes since the event, and more of you are going back for second looks. Let’s do it again!

    A fitting example of just how HOT the under $200,000 market is…The Westchester. A condo conversion led by local developer Core Development with 32 flats for sale from $124,500 to $169,500 sold out in weeks. What were once tired apartments are now beautifully restored condos creating a vibrant community in a charming neighborhood. See what Williams Williams of The City Paper had to say…

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    One Response to “Under $200,000 Market HOT!”

    • Anonymous

      Written on

      When I purchased a pre-construction unit over a year ago, developers were not negotiating on price. It was pay this or you don’t get it. From what I understand now is that alot of other new developments are taking offers now. Is this because of a hurting market or have they finally realized that the market may not support thier prices. Its hard to say with everything being speculation and not many developments being completed. Also, I wonder how many buyers would choose to lose thier intial deposits and walk away if a developer chooses not to negotiate prices now.

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