blog

Trader Joe's Coming to Nashville

Jim Wood — Fri, 04 Apr 2008 12:40:16 GMT

For all of us who spent time in california or anywhere that has Trader Loe's, this is big news.

"Specialty grocery retailer Trader Joe's plans to open a store in Green Hills at 3903 Hillsboro Pike by the end of the year.

The 14,000-square-foot store will take up part of the old Wild Oats building, a highly-sought-after retail space because of its visibility and location.

The store scheduled to open before Thanksgiving, says Alison Mochizuki, the company's national director of publicity.

The company, which started in Southern California in 1958, has more than 250 stores in 22 states. Trader Joe's are known for their selections of gourmet and natural foods, personal home and hygiene products, wine and private label lines. "

Reprinted from the Nashville Business Journal.

Nashville Schools Score High on Graduation

Jim Wood — Thu, 03 Apr 2008 07:39:43 GMT

Nashville's public school system has one of the highest graduation rates in the country, according to the group America's Promise Alliance.

Mesa, Ariz. came in first place with a graduation rate of 77.1 percent, while San Jose, Calif. and Nashville-Davidson County School District tied for second place at 77 percent.

Memphis ranked 13th on the list with a graduation rate of 61.7 percent.

The report didn't bring good news for many major cities. It found that 17 of the 50 largest cities had high school graduation rates lower than 50 percent.

Detroit's public schools had the lowest rate with 24.9 percent of the students graduating from high school.

Nashville rated in top 20 for affordability

Jim Wood — Mon, 31 Mar 2008 14:24:50 GMT

Tennessee Makes News as Affordable Market

A newly-released study by Bizjournals.com ranked the 50 largest
metropolitan areas in the U.S. as to housing affordability. Tennessee
had TWO cities make it into the top 20!

Memphis ranked 9th, and Nashville ranked 16th! [FYI: The LEAST
affordable market in the study, ranked 50th? Los Angeles, CA]

The study looked at median household income per month and the median
total housing payment per month - for each of the 50 markets - to
compute total housing payment as a percentage of household income. This
showed 22.43% of income spent on housing in Memphis. In Nashville, the
figure was 24.15% spent on housing. [And in Los Angeles? 75.46%!]

Nashville rates high for Relocation

Jim Wood — Mon, 03 Mar 2008 16:26:09 GMT

Today's Nashville Business Journal had this story:

The state of Tennessee attracted enough new economic development projects in 2007 to place third on Site Selection magazine's 2007 Governor's Cup rankings.

The state had 293 corporation location projects last year that either had a capital investment of at least $1 million, created at least 50 new jobs or involved the creation at least 20,000 square feet of new floor area.

The magazine does not track retail or government projects, hospitals or schools, meaning only private, for-profit expansions were counted.

The survey, compiled by numbers tracked by Site Selection's parent company Conway Data Inc., also ranked metro areas in four categories by size. The rankings were based on the number of job creation projects.

Nashville-Murfreesboro ranked sixth for metro areas of populations of more than 1 million, Knoxville ranked 10th for metro areas between 200,000 to 1 million, and in the 50,000-200,000 metro category, Morristown ranked second and Johnson City ranked fourth.

Site Selection, published by Conway Data, is the oldest publication in the corporate real estate and economic development field and the official publication of the Industrial Asset Management Council.

Willoughby Station Continues Strong Sales

Jim Wood — Fri, 15 Feb 2008 11:44:17 GMT

Last year Willoughby Station in Mount Juliet had over 90 homes sales. That's almost 8 per month.

Currently Willoughby has 18 existing homes for sale and 10 new homes being built by Beazer Homes.

Thats less than 4 months supply and signifies a Sellers Market!

For more details on Willoughby, Mount Juliet or other Nashville areas email Jim@CathyWood.com

Farm Foreclosure in Wilson County

Jim Wood — Tue, 12 Feb 2008 16:21:58 GMT

A 32 Acre Farm on Gilmore Hill Rd. has just been put up for foreclosure by the mortgaging Bank.

The Listings details are:

Brick home on 32.5 acre lot w/full bsmt. Home has been rehabbed. New kitchen, carpet, paint, etc. Very private lot. View of the Cumberland River. 4 outbuildings with electricity. 1 of the bldgs is a huge 2 level quonset hut.

The Farm is reported to have a view of the Cumberland River.

For additional Information email : Jim@CathyWood.com

Paddocks Approved Lowes & Wal-Mart heading for Mount Juliet

Jim Wood — Tue, 12 Feb 2008 16:22:04 GMT

This Just in.

The New Paddock Shopping Center, which wil be even larger than Providence, is moving forward.

Last week the Paddocks ownership donated 8 acres of land to the City. That land will be used to build a new City Police Office on Pleasant View Rd.

Now comes word from the Mount Juliet Economic Development Council that the concrete pads for both the Super Wal-Mart and the new Lowes will be poured by June!

Add to that the target date to open the new Stores will be BEFORE Christmas 2008!

Congratulations Mount Juliet.

Mt. Juliet Approves Padddocks Developement

Jim Wood — Sat, 02 Feb 2008 11:29:20 GMT

The Mount Juliet City Commissioners have approved the mammoth Paddocks Development Plan.

The Developer has pledged 8 acres of the development will be donated to the city for future use.

The city will use the land for a new Police Station.

Paddocks is located on Lebanon Rd. near North Greenhills Rd.

Mt. Juliet eyes 100 acres for new Park

Jim Wood — Sat, 02 Feb 2008 11:24:19 GMT

Mt. Juliet may soon acquire 100 acres of much needed park land.

Mayor Linda Elam has expressed interest in the former site of the Easter Seals Campground located on the North side of Mt. Juliet on the shore of Old Hickory Lake.

The park is accessible from Benders Ferry rd. just past Benton Harbor and Cedar Creek Yacht Club.

The property is priced at $8.5 million.

The city officials are scheduled to tour the site at 2 PM today.

Sales of Langford Farms Homes

Jim Wood — Sun, 27 Jan 2008 16:45:44 GMT

Here are the Langford farms Homes that have sold since October of 2007 and the Homes currently on the market.

For more information about Old Hickory and LAngford farms call us at 615-347-4424
Cathy & Jim

Total number of properties found: 16

RES	Mls No.	Media	Area	Status	Address	Sub/Dev	Bkr Code	SqFt	Built	BR	FB	HB	List Price	Sales Price	OH
1	932509		11	Active	345 HICKORY DR	LANGFORD COVE 2	ONES01	3,236	1964	3	3	0	$239,900
2	941371		11	Active	4802 WAYSIDE DR	LANGFORD FARMS 3	CPRE03	2,452	1983	3	3	0	$244,900
3	897072		11	Active	4603 BROWN LEAF DR	LANGFORD FARMS 3	CARH02	2,485	1987	4	2	1	$249,500
4	918915		11	Active	1002 OVERHILLS CT	LANGFORD FARMS 10	REAL01	3,234	1997	4	3	0	$299,900
5	936673		11	Active	803 OVERHILLS DR	LANGFORD FARMS 7B	CARH01	3,303	1994	4	3	1	$319,000
6	902583		11	Active	5549 W. SHADY TRAIL	LANGFORD FARMS	REAL01	3,415	1993	4	2	1	$334,000
7	905167		11	Active	813 OVERHILLS DR	LANGFORD FARMS 7C	LAKE01	4,711	1994	5	3	1	$349,900
8	925170		11	Active	834 OVERHILLS DR	LANGFORD FARMS 7C	KWRI03	3,432	2001	4	3	1	$354,900
9	908975		11	Active	5203 RUSTIC WAY	LANGFORD FARMS 1	KLIN01	2,470	1980	3	2	1	$375,000
10	928743		11	Active	415 LAKESHORE DR	LANGFORD COVE 1	BRES09	2,657	1958	3	2	0	$396,900
11	928990		11	Closed	313 HICKORY DR	LANGFORD COVE 2	WMGR03	1,632	1975	3	1	1	$159,500	$155,100
12	907143		11	Closed	1005 OVERHILLS CT	LANGFORD FARMS 10	CPRE03	3,156	1997	4	3	1	$299,900	$290,000
13	923031		11	Closed	5620 SCENIC RIDGE DR	LANGFORD FARMS 5	CARH02	3,686	1986	5	3	1	$319,900	$316,500
14	921703		11	Closed	1000 OVERHILLS CT	LANGFORD FARMS 10	CRYE02	3,635	1997	4	2	1	$324,800	$308,000
15	898621		11	Closed	206 E BEND CT	LANGFORD FARMS 7A	REAL01	3,152	1994	4	2	1	$324,900	$310,000
16	902749		11	Closed	5505 W. Shady Trail	Langford Farms	CPRE03	3,422	1981	3	3	0	$359,000	$350,000

Langford Farms Foreclosure Property

Jim Wood — Sun, 27 Jan 2008 16:35:43 GMT

Listed to sell by Fedreral National Mortgage co. Inc. 4 Bedroom 3 full bath home in prestigeous Langford Farms community.

3224 Sq.Ft. , built by Radnor Homes in 1997.

The home features roughly 1/2 acre lot and backs up to wooded and common areas of Langford Farms.

Typical Radnor built home with arching ceilings, hardwood floors and lots of windows.

Note: The home next door sold for $308,000 in December 2007.

For additional details contact us at 615-347-4424

Merrit Downs Home set for short Sale

Jim Wood — Wed, 23 Jan 2008 14:48:26 GMT

The Home at 1604 Carol Winds Ct. has been set for Short Sale by the Veterens Administration.

1604 Carol Winds Ct. MLS# 915296

The home is just 2 years old and has 4 Bedrooms and and an award winning floor plan. The home was appraised at $264,900 recently. The Merrit Downs community is located on the Old Hickory and Mt. Juliet border.

For a virtual tour of this home please visit:
1604 Carol Winds Ct, Merrit Downs

For more Realtor.com Listing details.details on this home visit the Realtor.com site at:

Nashville Weathers Real Estate Downturn

Jim Wood — Wed, 23 Jan 2008 14:48:35 GMT

This Mornings Tennessean published an Article saying that Nashville may escape the current Real Estate problems facing much of the nation.

"In Detroit there is a hurricane..and in Kansas City a solid tornado, but here in Nashville we have a a heavy thunderstorm".

Those were the words of Edsel Charles, economist and president of MarketGraphics, a Franklin TN based real estate research firm.

One trend working in the area's favor is home prices. Middle Tennessee did not experience a rapid escalation in prices like that in boom markets such as Arizona, California and Florida.

"Nashville has held up much better," said Alexander Miron, an associate economist who tracks Nashville for Moody's Economy.com in West Chester, Pa.

The median price of a home sold locally remains about three times the average household income, a ratio that economists say historically has meant stable prices.

Subprime mortgages also are less prevalent in Middle Tennessee than in other parts of the country, which should keep foreclosures from rising to the levels seen elsewhere.

Builders, meanwhile, finally appear to be getting a handle on inventories, said Charles, the housing economist. The number of homes in Middle Tennessee that have been built but not yet sold has held steady at about 3,900 for the past four months.

"That has gone up in the last year. It's gone up by 720 finished units," Charles said. "But we are seeing it cresting."

To read the entire article go here:

http://www.tennessean.com/apps/pbcs.dll/article?AID=/200801230210/BUSINESS01/801230445

Nashville Home prices defy National trend

Jim Wood — Thu, 10 Jan 2008 10:00:12 GMT

This mornings Nashville Tennessean reported that homes prices have remained steady in middle Tennessee despite the price roll backs now being seen across the US.

The median price of a home in NAshville in December was $187,900. That is an increase of almost 2% from December of 2006 when the median price was $184,562.

It should be noted that the median price of a home in the USA is currently $210,000. making Nashville homes a bargain at 15% below the national average.

To read the entire article go to:

http://tennessean.com/apps/pbcs.dll/article?AID=/20080110/BUSINESS02/801100412

To see more about homes in Nashville, go to our website www.CathyWood.com

Old Hickory Home prices defy National Trend

Jim Wood — Mon, 07 Jan 2008 17:49:14 GMT

While Home prices across the nation have been dropping, the price of homes in Old Hickory continue appreciate. Here is a comparison of Old HIckory home sales for December 2006 vs. December 2007.

First the December 2006 figures

Closed 26 Properties Found
	Square Feet	Bed Room	Full Baths	Half Baths	List Price	Sales Price	Days on Market
MIN	1,091	3	1	0	$34,900	$23,500	6
AVG	2,031	3	2	0	$195,365	$191,480	66
MAX	6,199	5	4	2	$779,000	$740,000	162

The Median price of an Old Hickory home in December 2006 was $157,000

Next, the December 2007 results

Closed 19 Properties Found
	Square Feet	Bed Room	Full Baths	Half Baths	List Price	Sales Price	Days on Market
MIN	851	0	0	0	$69,900	$63,000	5
AVG	1,907	3	1	0	$183,252	$179,200	58
MAX	3,635	4	3	1	$429,900	$439,900	146

Median Price was $169,500

Even though Hermitage saw a drop of 20% in the number of homes sold ( from 26 to 19), the median price of a home increased by more than $12,000 or almost 8%. Add to that, the average days on market ( the time it takes a home to sell) fell from 66 days in 2006 to just 58 days in 2007

Mount Juliet gets new Bank

Jim Wood — Mon, 07 Jan 2008 17:49:05 GMT

Groundbreaking was held to day for the new First Tennessee bank of Mount JUliet/Providence. This is the second branck for First Tennesse in Mount Juliet and will service the area of Mount Juliet south of Interstate 40 and the Providence area.

The New branch will be loacated next to Logan's Roadhouse in Providence Marketplace. Construction is expected to take 6 months and the Bank will be open this summer.

On hand for the ceremony were Mount Juliet Mayor Linda Elam, West Wilson Chamber of commerce Director Mark Hinesley and Nashville Artist Phil Ponder.

lake Providence Sale

Jim Wood — Mon, 07 Jan 2008 17:48:47 GMT

The Pulte Homes people have launched a huge fire sale of their properties in the Nashville area including the Del Webb Lake Providence development in Mount Juliet.

Seeking to free up capital from their investments, Pulte Homes is offering some amazing give backs on their properties here in Nashville.

Using full page ads in The Tennessean Pulte has announced they'll make the first 12 months mortgage payments on any completed homes

-or-

Give up to $30,000 in upgrades

-or-

Give up to 12% discount on any existing homes.

Additionally, they have promised that just $1200 will "Move you in".

These Discounts are said to be available from December 15 through December 21.

If nayone needs additional information on these homes, or if you would like to have us represent you in negotiating with Pulte or Del Webb, call us at 615-347-4424

Del Webb Nashville

Other Pulte properties including Creekside Townhomes, Savannah, Lakes of Savannah, Garden Club Estates, Park at Winterset Woods, and Enclave at Winterside Woods are also included

Commuter Rail offering Mount Juliet train to Titans Home Games

Jim Wood — Wed, 05 Dec 2007 09:55:35 GMT

Our commuter rail line, The Music City Star, is offering round trip rides to the Titans HOme Games.

The trains leave on Gameday mornings at 9:25 AM and 10:25AM.

For more information check out:

http://www.musiccitystar.org/

Go Titans!

Encore Theatre presents " The Lion in Winter"

Jim Wood — Wed, 05 Dec 2007 09:48:07 GMT

The Encore Theatre Company will present their production of "The Lion in Winter" in Old Hickory
Starting November 30 and running through December 16th.

Tickets and showtimes are available at :

http://www.encore-theatre-company.org/

This will be the most ambitiuos program yet from our local theatre company!

Hermitage Tennessee Homes sales for November 2007

Jim Wood — Wed, 05 Dec 2007 09:27:58 GMT

Here is a comparison of the Hermitage closings between November 2006 and November 2007

2006

Closed 46 Properties Found
	Square Feet	Bed Room	Full Baths	Half Baths	List Price	Sales Price	Days on Market
MIN	941	2	1	0	$64,946	$66,000	0
AVG	1,902	3	1	0	$175,490	$173,508	48
MAX	3,283	5	3	1	$329,082	$331,900	197

Median Price was $149,900

2007

Closed 36 Properties Found
	Square Feet	Bed Room	Full Baths	Half Baths	List Price	Sales Price	Days on Market
MIN	912	2	1	0	$68,500	$68,000	0
AVG	1,850	3	1	0	$177,687	$174,458	74
MAX	3,185	4	3	1	$396,712	$396,712	202

Median Price was $150,000

These figures show that although the number of sales was down about 15%, the Median price remained unchanged.