Investor · Jacksonville, FL · Member since 2015 · 54 posts · 6 votes
Hey Guys! Can anyone tell me how the overall market in Nashville is doing? I am thinking about branching my wholesaling out there since I come visit family quite a bit. I have some good connections and I think my strategies will work. Just wanted to know how people who are already investing or wholesaling are doing out there. Any information is good! Thanks!
Investor · Nashville, TN · Member since 2015 · 688 posts · 607 votes
10y
@Marc Bracy The market here is very healthy. Due to the absorption rate, Nashville has currently entered a full blown seller's market. However, I have seen the market soften and properties are starting to sit on the market. For example, Inglewood (east nashville) at its peak in August and September hit about $220 a square foot. It has since fallen to 190-200 a square foot. Is this because of the holiday's or is the market slowing down? Only time will tell.
Investor · Nashville, TN · Member since 2015 · 688 posts · 607 votes
10y
@Marc Bracy The market here is very healthy. Due to the absorption rate, Nashville has currently entered a full blown seller's market. However, I have seen the market soften and properties are starting to sit on the market. For example, Inglewood (east nashville) at its peak in August and September hit about $220 a square foot. It has since fallen to 190-200 a square foot. Is this because of the holiday's or is the market slowing down? Only time will tell.
Investor · Nashville, TN · Member since 2015 · 25 posts · 3 votes
10y
It's a good market but quite a bit of competition if your mailing. All wholesalers are mailing but you see a lot more Rehabbers mailing and now a ton of builders mail also now. So you'll probably need to be a bit more creative with you list or get your own drive for dollars mailing list to pickup deals without much competition.
@Marc Bracy The market here is very healthy. Due to the absorption rate, Nashville has currently entered a full blown seller's market. However, I have seen the market soften and properties are starting to sit on the market. For example, Inglewood (east nashville) at its peak in August and September hit about $220 a square foot. It has since fallen to 190-200 a square foot. Is this because of the holiday's or is the market slowing down? Only time will tell.
With that being said, it is still a great market.
What is the consensus that you can see? We are at a 1% increase by years end and another 1% projected by spring. We are not nearly as affected by the seasons though! great insight, thank you!
Investor · College Grove, TN · Member since 2009 · 36 posts · 12 votes
10y
Agree with Devan. Things seem to have peaked. I do rentals...2 years ago they were red hot, but not I'm seeing much more competition along with more vacancy.