November 2023 – McFerrin

Market Stats » November 2023 – McFerrin

November Real Estate Update – McFerrin Park, Cleveland Park, and Highland Heights

November Real Estate Highlights

As we step into the winter months, the real estate market in McFerrin Park, Cleveland Park, and Highland Heights continues to show vibrant activity. Here’s a snapshot of November’s market dynamics:

New Opportunities: We welcomed 22 new listings this month, offering a fresh selection of properties for prospective buyers.
Moving Fast: 11 homes went under contract, indicating a steady demand in our neighborhoods.
Inventory Insights: The average active inventory was 53, with an additional 18 homes under contract, bringing the total inventory to 71. This variety provides buyers with choices while maintaining a healthy market balance.
Closing Deals: A total of 12 homes closed, reflecting continued interest and successful negotiations in our community.
Pricing Trends: The average sale price was a notable $498,600, with the median sale price slightly higher at $510,075. Active listings averaged at $719,528, suggesting a robust market with high-value properties.
Time on Market: Homes sold quickly, averaging just 15 days on the market. However, the average time from listing to contract was 55 days, indicating a thoughtful decision-making process by buyers.
Looking Ahead: With a 4.92-month supply, we’re in a balanced market, favoring neither buyers nor sellers excessively.

Practical Advice for Home Sellers

Given the current market conditions, sellers should consider the following:

Pricing Strategy: Align your listing price with current market trends. A competitive price can attract more buyers and shorten the time to sell.
Staging and Presentation: First impressions matter. You can enhance your home’s appeal to attract buyers quickly.
Be Prepared for Negotiation: With homes moving swiftly, be ready for offers and negotiations to ensure a smooth sale process.

Our neighborhoods continue to thrive in the real estate market. Whether you’re considering buying or selling, now is a great time to explore your options. Stay tuned for next month’s update!

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Nick Irwin

Nick Irwin, originally hailing from the warm and welcoming state of Alabama, has firmly established his roots and found his forever home in the vibrant heart of Nashville, Tennessee. As a leading Realtor at Parks Real Estate, Nick brings a unique blend of Southern charm and sharp business savvy to the dynamic real estate market of Music City.

With a strong background in business and an unbridled passion for real estate and financial education, Nick has become an indispensable guide for both buyers and sellers navigating the complexities of Nashville’s ever-evolving property landscape. His commitment to providing clients with the most current and comprehensive information empowers them to make well-informed decisions about their future homes and investments.

Known for his relentless determination, Nick’s track record is a testament to his expertise and dedication to his client’s success. He defines success as making sure his clients have an advocate when making some of life’s biggest decisions and strives to help them feel empowered and informed along the way.

Outside of real estate, Nick enjoys quality time with his husband, Mark, at their cherished family lake property. These moments of relaxation often include the delightful company of their beloved chihuahua, Bruno.

Whether you’re searching for your dream home, an investment property, or looking to sell in Nashville’s dynamic market, Nick Irwin is your go-to real estate Broker. His knowledge, enthusiasm, and genuine care for clients ensure a seamless and successful journey in the exciting world of Music City real estate.

Nick Irwin | 615-418-0563 | nick@BaseNashville.com

Robby Stone

Born in Florida and raised in Huntsville, Alabama, Robby Stone has definitely found a home here in Tennessee. Since moving to Nashville in January 2010, he’s fallen in love with the subtle nuances present in each pocket of the city, and it is this affinity for the city and his passion for people that has led Robby to a career in real estate.

The road to becoming a real estate agent has been paved with an array of career adventures. Earning a degree in Sports Medicine from Samford University in Birmingham, AL before realizing the life of a doctor was not his ultimate passion, the following years would find Robby managing client relations for wedding photographer ABryanPhoto, acting in tv and film roles during his time spent in Los Angeles, entertaining as the front man for several dance bands traveling throughout the southeast and serving up delicious meals at a few restaurants around Nashville.

Forever wondering how all of these various jobs and educational experiences would work together toward his future, Robby now sees how each prepared him for his Realtor career which began in 2015. Managing the client experience, entertaining and effortlessly engaging those looking to buy or sell in Nashville, and humbly serving those he works for and alongside are all a part of real estate. With years of unconventional and professional career training and consistently over $10 million in sales annually, Robby has been refined to perform his job with ease and enthusiasm, and his natural charisma and authenticity are added bonuses to his career in this exciting industry.

Robby Stone | 205-383-7001 | robby@BaseNashville.com

Emilee Warner

Tennessee native Emilee Warner embarked on her real estate journey with a full-service brokerage based in Nashville in early 2020. Her debut year was marked by exceptional achievements, including being honored as Greater Nashville Realtors Rookie of the Year and consistently ranking among the top agents. Her dedication to excellence for her clients and earning the esteem of her colleagues has rapidly positioned her as a rising star in Nashville’s real estate scene.

Prior to Real Estate, Emilee spent over 15 years in the entertainment industry, creating a large network of community members. Her experience in negotiation and client advocacy has seamlessly transitioned into her flourishing real estate career.

As a passionate advocate for fair and affordable housing, Emilee actively contributes as a member of the Housing Affordability Committee. Her commitment to community service is evident through her volunteer work with the Country Music Hall of Fame’s Troubadour Society and LaunchPad Nashville. Additionally, she plays a significant role in local community development as a Board member of Discover Madison and Amqui Station.

Emilee Warner | 615-418-4846‬ | emilee@BaseNashville.com

Robyn Nelson

At the heart of BaseNashville’s dynamic team is Robyn Nelson, a Tennessee native whose expertise, enthusiasm, and quick wit radiate through every aspect of her work. As the team Operation & Transaction Coordinator, Robyn ensures each client’s journey is smooth every step of the way.

Since joining the Nashville real estate universe in 2016, Robyn has become an indispensable asset, adeptly juggling a myriad of roles with unwavering dedication and efficiency. Prior to real estate, Robyn honed her organizational skills in hospitality and retail management, which helped keep the BaseNashville team on a steady course. Robyn is also an enthusiastic educator, sharing her wealth of knowledge through virtual contract-to-close classes where she helps train those interested in joining the real estate contract-to-close entrepreneurial world. Did we mention she’s also a TN Notary Public and wedding officiant?

Outside of work, you can find Robyn fostering a community of literature lovers as she actively participates in several book clubs, with her downtime being spent with her two precocious children, devoted husband, and beloved dog.

Choosing a BaseNashville agent means gaining access to Robyn’s unparalleled expertise and warm guidance. Her ability to handle the complexities of real estate transactions with grace and precision makes her an invaluable member of our team and a cherished ally for our clients.

Robyn Nelson | 615-772-3680 | robyn@BaseNashville.com

November 2023 – McFerrin