by Flint Adam, Nolensville resident & Realtor®
Wednesday, September 9, 2015
It’s an understatement to simply say Williamson County is having another great year in real estate. En fuego would be more appropriate.
The county broke a 10 year-old record for residential sales in the month of August and made it four straight months with 500+ residential sales after eclipsing that mark only twice in all of 2014.
Countywide, August’s $415,000 median price is 9% higher than last year’s $380,000 median price point for the same time period, and it marks the ninth straight month that the median price for Williamson County has exceeded $400,000.
Nolensville continued its recent surge with a fourth straight month of 40+ sales. Meanwhile, the town’s median price went from $360,245 in August 2014 to $415,000 in August 2015, a 15% increase.
Let’s break down the numbers provided by the Williamson County Association of Realtors. Keep in mind these figures do not include For Sale By Owner or Nolensville properties outside of Williamson County:
- Single-Family Homes Closed: 43… tied with July’s closing total
- Median Sold Price: $415,000… up from $395,900 in July
- Avg. Days on Market: 50… up from 40 in July
- Number of new construction sales: 20… tied with July’s total
- Existing home sales: 23… tied with July’s total
- Median Sales Price/Square Foot: $142.27/sf
- Median Year Built: 2013
Bent Creek again led the neighborhood pack with 20 properties closed – 7 of which, yours truly, represented either the buyer or seller (or both). Click here for more on how I represent sellers… and click here for more on how I represent buyers.
Benington came in second with 6 closings. Brittain Downs was third with 4 closings.
The average year built of the 23 existing home sales was 2005… with an average sales price of $376,682
Interested in up to date Nolensville TN real estate sales figures? I’m rolling out a new feature for readers – I’ll email you a daily update on Nolensville real estate… complete with new listings, what has gone pending, and recent sales. Just shoot me an email with your name and preferred email to firstname.lastname@example.org
Visualizing the Numbers…
Time now for a visual representation of our sales figures year-to-date. This is Nolensville residential sales data as reported by our local MLS (RealTracs) and only cites the Williamson County sales figures. For Sale by Owner and Nolensville homes in Davidson and Rutherford counties are not included.
First off – here’s a line graph comparing month-by-month home sales in Nolensville for 2014 and 2015.
I’ve discussed before the wonky start to this year’s Nolensville real estate market – a topsy-turvy spring that was anything but the steady-as-she-goes first half of the year we experienced in 2014.
The summer months, though, have brought a return to reason. The market knocked a home run in June by posting almost 50 residential sales. Meanwhile, July and August fell right in line with last year’s numbers – which were strong, themselves.
September 2014 saw 43 homes close… it will be interesting to see if that same pace is met again this year. As of this writing, over 50 Nolensville homes are under contract, according to MLS, so it’s fair to estimate that a strong September is shaping up. I have a feeling Williamson County is in for another banner month!
As for our year-over-year Nolensville numbers, 2015 continues pulling ahead. The market trailed last year’s volume as recently as May, but then things really took off as temperatures warmed up. Through August 31st, Nolensville has seen 280 homes close this year compared to 263 at the same time last year. That’s an increase of just over 6% transaction-volume, and still falls in line with my prediction heading into this calendar year (click here for a recap).
The more interesting figure, though, would be the increase in sales prices. As stated above, the average Nolensville home sale price shot up 15% year-over-year in August. Think that’s impressive? It’s nothing compared to our neighbors in Thompson’s Station (up 31% to $339,116) and Fairview (up 40% to $243,990).
An appetite remains for Williamson County properties, and the price-points haven’t seemed to deter buyers yet.
A ‘Thank You’ Is In Order…
I can’t thank the wonderful people of Nolensville enough. August marked my most successful month of Nolensville sales ever as I represented buyers and sellers on 8 transaction-sides. 6 closings involved my own listings. Most of them went under contract very fast, too!
- 4528 Sawmill Place – under contract in 61 days
- 155 Lodge Hall Road – under contract in 36 days
- 3284 Locust Hollow – under contract in 3 days
- 3236 Locust Hollow – under contract in 5 days… full price sale
- 4612 Van Leer Court – under contract in 2 days… full price sale
- 3200 Locust Hollow – under contract in 21 days… above asking price sale
This strong month helped me finally achieve a professional goal I’ve had since entering real estate…
I’m Now A Certified Residential Specialist…
Maybe you’ve noticed the alphabet soup that sometimes accompanies a REALTOR’S name… some of them are ABR, CRS, GRI, SRS, ePRO, etc.
These are some designations and certifications that REALTORS can earn through additional education and sales achievement. Chief among them in residential real estate is the CRS designation, or Certified Residential Specialist. It’s considered the Master’s Degree of real estate. (I’m of the opinion that the only “Doctorate Degree” there is in real estate comes from having a huge volume of closed transactions, tenure in the profession, and countless, satisfied clients).
Roughly 3% of all REALTORS in the U.S. hold the CRS designation. It requires what I believe to be some of the finest real estate coursework there is in buyer and seller representation, negotiations, best business practices, and ethical judgement. A designee must also have closed a large volume of transactions, demonstrating success in the field.
The average CRS designee closes 3x as many transactions each year as the average REALTOR. These are folks who value education, performance, and service… and they’re motivated to rise to the top of the profession and run their businesses as such. Whenever I bump into another CRS REALTOR, I know I’m meeting someone at the top of their game who puts clients first and cares about creating an ethical, smooth transaction.
My business partner and father-in-law, Bill Berkley, has been a CRS since the 1990s. When I came into this business, he said if there’s one designation to get, it’s the CRS. Having reached the finish line, I couldn’t agree with him more.
Nolensville has played a huge role in my achievement. Folks in this town support local business and want to see each other succeed. I’m thankful I live in one of the best communities in the state, and honored to have worked with so many fine families this year. Thank you, thank you, thank you!
I’m a Nolensville TN resident… I’m a Nolensville TN Realtor®… and I always offer a complimentary, no commitment, no pressure Comparative Market Analysis for my neighbors. Please let me know how I may assist you in the sale or purchase of a Nolensville property.
Note: The above information cites Williamson County sales data for Nolensville, Tennessee. There are, of course, a handful of Nolensville properties that also exist in Davidson and Rutherford counties, but for the purpose of this article I am focusing on Williamson County since a majority of Nolensville addresses fall within this geographic area.