NASHVILLE MARKET REPORT - Q1 & Q2 2020 + IMPACT OF COVID-1 9 ON THE REAL ESTATE MARKET

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NASHVILLE MARKET REPORT - Q1 & Q2 2020 + IMPACT OF COVID-1 9 ON THE REAL ESTATE MARKET
NASHVILLE
M A R KET REPORT
Q 1 & Q2 2020 + IM PACT O F COVI D - 1 9 O N T H E R EA L ESTAT E MA R KET
NASHVILLE MARKET REPORT - Q1 & Q2 2020 + IMPACT OF COVID-1 9 ON THE REAL ESTATE MARKET
TABLE OF CONTENTS

                                                                                                                                 M A R KET R EPORT 2020
                                                                   24
                    05   A LET TE R TO O U R CLIE NTS

                    06   G REATER NASHVILLE

                    20   EAST N ASHVILLE

                    26   DOWNTOWN / SO BRO
                                                                                          440
                    32   THE G U LC H / M IDTOWN                                                                            40
                                                                              NASHVILLE
                    38   WEST END / H ILLSBO RO VI L L AG E

                    44   BERRY H ILL / M E LROSE

                    50   G ERM A NTOWN
                                                                        BR ENT WOOD
                    56   G REEN H ILLS / FO R EST H I L LS    40                                SMYRN A

                    62   BELLE M E A D E
                                                                    FR ANKLIN
                    68   THE NATIO NS / SYLVA N PA R K
                                                                                                   24
                    74   M ADI SO N / H E R M ITAG E                            65

                    80   WI LLI A M SO N CO.                                                              MURF RE ESBO RO

                    88   RUTHER FO R D CO.

                    94   F EATUR E D LISTING S
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                    118 PARTNER PE RSPE CTIVES

                    122 F I NAL WO R D
                                                                                                                                    3
NASHVILLE MARKET REPORT - Q1 & Q2 2020 + IMPACT OF COVID-1 9 ON THE REAL ESTATE MARKET
A LET TER TO OUR CLIENTS

                                                                                                                                M A R KET R EPORT 2020
                        “Stay-at-home,” “Shelter-in-place,” “Safer-at-home,” “Self-quarantine,” “Social distance.” These
                        phrases were nonexistent this time last year. But now such colloquial encouragements are a big part
                        of how we live our lives. Life has changed across the country, and we’ve felt that change strum the
                        heartstrings of Music City.

                        Nashville has taken its music indoors. We’re living our songs from our homes while we prepare
                        meals for our families, advance our careers via video calls and email, exercise and socialize from
                        home, get our fresh air on neighborhood sidewalks, and invest a lot more time in our backyards
                        and front lawns.

                        Now more than ever, Nashville residents are putting more time and energy into finding out what it
                        means to be at home. The desire to make a house a home has multiplied, and our Compass team
                        could not be more thrilled to help our neighbors in our communities achieve their dream home.

                        At Compass, we help people buy and sell homes. That’s what it says in our mission statement, but
                        we’ve found that Compass is about so much more than that. We take inspiration and invigoration
                        not in a simple real estate transaction, but in what it means to help a family arrive in the perfect
                        home, a home that is ideally suited for them.

                        We help people find their place in the world, and that place begins with a home. We’re here to help
                        you map out plans for your future, and you can consider this report a gift of valuable information on
                        the Nashville market. When you’re ready to buy or sell a home in Nashville, we’ll help you find not
                        just a house, but the perfect cornerstone of your future life.
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                                                                                                                                   5
NASHVILLE MARKET REPORT - Q1 & Q2 2020 + IMPACT OF COVID-1 9 ON THE REAL ESTATE MARKET
M A R KET R EPORT 2020
                                                                 7
                         GREATER NASHVILLE
                                             CO M PASS X N S H
NASHVILLE MARKET REPORT - Q1 & Q2 2020 + IMPACT OF COVID-1 9 ON THE REAL ESTATE MARKET
J U LY S U RV E Y OF C OM PAS S

                                                                                                                                  M A R KET R EPORT 2020
                    R E A L E STAT E AGEN T S

                    242                                                          61
                    total number of                                              total responses from
                    Compass agents                                               Compass agents

                    “ SA F E R-AT-HOM E ” OR DE R

                    62%                                                          34%
                    of agents had deals postponed                                of agents pulled listings
                                                                                 off market
                    *“Safer-at-Home” order went into effect for Metro Nashville on March 23 and State of Tennessee on March 30.
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                                                                                                                                    9
NASHVILLE MARKET REPORT - Q1 & Q2 2020 + IMPACT OF COVID-1 9 ON THE REAL ESTATE MARKET
“This Nashville market data is exactly what we expected. What COVID-19 has done for Nashville

                                                                                                                                                                                                                                   M A R KET R EPORT 2020
                                                                                                                           is put us on everyone’s radar because our cost of living is so low. Even though prices here have
                                                                                                                           gone up, it’s better than any other market that is equivalent. The four places we are seeing the
                                                                                                                           most activity from are California, New York, New Jersey and Chicago. When you look at the
                                                                                                                           Nashville market, we have no state income tax, no earthquakes, no forest fires or hurricanes.
                                                                                                                           We have a beautiful state surrounded by national parks, we have four seasons and industries
                                                                                                                           are coming here right and left. We are seeing a lot of clients retiring here. It’s more difficult and
                                                                                                                           expensive to retire in a state like New Jersey and sustain the taxes on top of the cost of living
                                                                                                                           there. We think this mass movement of people into Middle Tennessee is going to continue and
                                                                                                                           Nashville will see its busiest year yet. Just last month, 40 percent of our closings were from out-
                                                                                                                           of-state referrals. That’s never happened before.”

                                                                                                                          — T HE PA RGH T EA M

                    “Living in this COVID-19 world, so much has changed. As we look for some form of constants in
                     our lives, one of the things that remains the same is the active real estate market in Middle TN.
                     In some ways the data is surprising because the pandemic has impacted every aspect of our
                     lives. Seeing Nashville bounce back so quickly is a testimony to how our city always overcomes
                     adversity - coming back even stronger than before. Nashville is a special place. As people rethink
                     where and how they live, it isn’t a shock that people from all over the country want to make
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                     Nashville their home!”

                    — M AT T DALLY
                                                                                                                                                                                                                                     11
NASHVILLE MARKET REPORT - Q1 & Q2 2020 + IMPACT OF COVID-1 9 ON THE REAL ESTATE MARKET
W I T H R E OP EN I NG

                                                                                                                                      M A R KET R EPORT 2020
                    COVID-19 has increased the desirability of Nashville as a place to live. No state income tax, a
                    business-friendly environment, lifestyle options, more open space & affordability compared to much
                    of the rest of the country, are just a few reasons why people have come to Nashville in droves.

                    We’re seeing people move out of urban areas into suburbs, and in Nashville, this trend is increased
                    with the Metro property tax increase that went into effect on July 1.

                    88.5%                                                                                                 22%
                    of our agents believe there will
                                                                        69%
                                                                                                                          from the
                                                                                                                          Northeast
                    be more buyers with reopening
                                                                         from the

                    80%
                                                                        West Coast

                    of agents are seeing an uptick
                    of buyers from out of state

                    We assume prices will remain flat or increase slightly, there will be low inventory and high
                    demand, creating a sellers’ market.
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                                                                                                                                      13
NASHVILLE MARKET REPORT - Q1 & Q2 2020 + IMPACT OF COVID-1 9 ON THE REAL ESTATE MARKET
“In our experience, the number of local buyers and sellers is remaining consistent with past years.

                                                                                                                                                                                                                                       M A R KET R EPORT 2020
                                                                                                                            We have seen two major market changes that are changing things locally. First, there has been a
                                                                                                                            major increase in the numbers of buyers coming from larger, more densely populated markets such
                                                                                                                            as, Seattle, Chicago, New York City, and all of California. Nashville is no longer a “best kept secret.”
                                                                                                                            Secondly, and the most surprising byproduct of COVID-19 for us has been the increased demand
                                                                                                                            for luxury housing. This is seemingly a combination of people spending more time at home, and
                                                                                                                            real estate being less expensive in Nashville compared to the markets people are moving from.

                                                                                                                           The local property tax increase is something that was needed and should have incrementally been
                                                                                                                           implemented in phases over the last 10 years. The can kept getting kicked down the road and a
                                                                                                                           massive increase was necessary all at once. We don’t see this having a major negative impact on
                                                                                                                           the Davidson County market because so many people buying are from other larger cities where
                                                                                                                           their taxes are far higher than our increased taxes, and they get less benefits from them.”

                                                                                                                           — DA RIN & CHRIST INA C UNN INGHA M

                    “There is no question in my experience that COVID-19 is reshaping our housing market. What is
                     typically a “Spring” market has shifted into a mid-late Summer market and seems likely to continue
                     through the Fall. Many are working from home, while some children are still schooling from home
                     which has families reinventing their current spaces and even some who are searching for new
                     homes to meet their “new needs.”

                    While locals are trending towards the suburbs (particularly Williamson County) for tax relief and
                    more space, the transplants from the Northeast, Midwest and West Coast seem unfazed by the
                    Davidson County tax increases. The decrease of days on market is indicative of low inventory,
                    interest rates, many buyers but fewer sellers. While prices continue to uptick or remain level, an
                    increase in inventory and higher interest rates could change this landscape. If jobs and the economy
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                    continue to bounce back at the current rate or better, the home market going forward is expected
                    to be driven by millennials.”

                    — A MY B. W YAT T
                                                                                                                                                                                                                                       15
NASHVILLE MARKET REPORT - Q1 & Q2 2020 + IMPACT OF COVID-1 9 ON THE REAL ESTATE MARKET
GR E AT E R NAS H V I LLE I N S IGH T S

                                                                                                                                                                                                                                                 M A R KET R EPORT 2020
                    Despite “Safer-at-Home” being in effect 6 of 14 (43%) weeks of Q2, Greater Nashville Market held
                    strong and saw growth:

                                  8%                               17%                                         9
                                  More New Listings                Increase of Homes Sold                 DOM

                                           $275k–$287k
                                  Median Price Sold Increased

                                  670,820                                                                              DAT E

                                                                                                                       N E W LI ST I N G
                                                                                                                                                  1/ 20

                                                                                                                                                  6, 5 05
                                                                                                                                                            2/20

                                                                                                                                                            6,03 3
                                                                                                                                                                      3/20

                                                                                                                                                                      6,9 87
                                                                                                                                                                                Q1

                                                                                                                                                                                1 9, 52 5
                                                                                                                                                                                            4/20

                                                                                                                                                                                            6, 287
                                                                                                                                                                                                     2/20

                                                                                                                                                                                                     7, 24 6
                                                                                                                                                                                                               3/20

                                                                                                                                                                                                               7, 6 5 6
                                                                                                                                                                                                                          Q2

                                                                                                                                                                                                                          2 1,189
                                                                                                                                                                                                                                    % CHA NG E

                                                                                                                                                                                                                                    8 .52 %

                                                                                                                       SOLD                       3, 41 5   3, 63 5   4 , 504   11, 55 4    4 ,002   4,319     5, 206     13, 527   17.08 %
                                  Nashville Population
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                                  *U.S. Census Bureau, July 2019                                                       AVG DAYS ON M ARK E T      64        63        62        63          59       57        56         57.3 3    - 8 .9 9 %

                                                                                                                       M E D I AN SOLD P RI C E   269       275       280       274.67      282      285       293        286.67    4.3 7%

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NASHVILLE MARKET REPORT - Q1 & Q2 2020 + IMPACT OF COVID-1 9 ON THE REAL ESTATE MARKET
“The strength of the Nashville real estate market has never been more evident than today. Even in

                                                                                                                                                                                                                                    M A R KET R EPORT 2020
                                                                                                                                the midst of a global pandemic, average prices continue to rise and sales made a quick recovery
                                                                                                                                compared to our counterparts in different parts of the country. The change in buyer desires (more
                                                                                                                                square footage, more outdoor living) coupled with low inventory has challenged my team to find
                                                                                                                                more off-market opportunities for our buyers and to best position them to win in the increasing
                                                                                                                                bidding wars. Marketing for our listings must now reach consumers where they are spending
                                                                                                                                the most time, at home. With so many people wanting to make Nashville home, the real estate
                                                                                                                                market is stronger than ever.”

                                                                                                                               — GA BRIELA LIRA

                    “The Nashville market has always been a unique one. It’s insulated in a way other markets are not
                     and with its still affordable home prices, lower cost of living, mild seasons, centrality and countless
                     accolades, it’s no wonder that Nashville avoided a downturn during the pandemic. People are
                     looking for more room within their homes and in their outdoor spaces. They are looking for better
                     weather, lower taxes and a higher quality of life during this time. Nashville offers all of this and
                     more. The desirability of Nashville shows with our lack of inventory, the increase in sold homes in
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                     Q2 over Q1 and the drop in time spent on the market. There are no
                     signs that Nashville is slowing down any time soon.”

                    — JE S SI SGARLATA
                                                                                                                                                                                                                                    19
M A R KET R EPORT 2020
                    EAST NASH VILLE
                    Historic, thriving, electric, artsy, and hip, these words describe
                    one of the most spell-binding, memorable neighborhoods in
                    Nashville. You’ll find wonderful experiences, tasty food, stunning
                    murals, and expansive park spaces in East Nashville.

                    Since the devastating blow of the March tornado, East Nashville
                    has shown its solidarity as a community that helps each other
                    out. There has also been a strong surge of new listings in the
                    area, making accessible a neighborhood that is coveted and
                    desired by many.
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                                                                                         21
E AST NAS H V I LLE I N S IGH T S

                                                                                                                                     M A R KET R EPORT 2020
                         222               301                   35.59%   $435k $473k                                       2.53%
                         Q1 New Listings   Q2 New Listings   % Change     Q1 Median Sale Price   Q2 Median Sale Price   % Change

                         169               180                   6.51%    52.3                   34.3                       34.39%
                         Q1 Sales          Q2 Sales          % Change     Q1 DOM                 Q2 DOM                 % Change
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                                                                                                                                     23
M A R KET R EPORT 2020
                    “The combination of low inventory, low interest rates and an enormous buyer pool of folks
                     relocating from other cities given COVID-19, has created the most competitive market I have
                     seen in East Nashville. The March tornado took out a large portion of inventory that was ready
                     to go on the market, and more buyers than ever are coming to East Nashville. Relocators are
                     coming in droves because the quality of life they loved in California, New York and Chicago,
                     is different now. I’ve been telling sellers if you’re thinking of selling in the next six months, do
                     it now. Interest rates were slashed in half and are at a historical low, which makes locking in a
                     primary residence or investment property right now an incredible time to do so. With inventory
                     at nearly half of where it should be, I believe the market will stay competitive going into the
                     winter months when we typically see a slow down, but winter 2020-2021 shows no signs of
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                     softening.”

                    — ROBBI E DRI MMER
                                                                                                                            25
M A R KET R EPORT 2020
                    D OWNTOWN/SOBRO
                    Colloquially titled “SoBro” (South of Broadway), this
                    neighborhood is the gem of downtown Nashville.
                    Home to major attractions like the Music City Center,
                    Omni Hotel, The Southern, Etch, and Pinewood Social,
                    here you will find urban living with all the best 21st-century
                    amenities. And did we mention SoBro is just a short walk
                    from Broadway honky-tonks?

                    With consistent development and growth, it’s no surprise
                    that SoBro has seen new listings increase from Q1 to Q2.
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                                                                                     27
D OWN TOWN / S OB RO I N S IGH T S

                                                                                                                                     M A R KET R EPORT 2020
                         52                59                    13.46%   $375k $420k                                       11.81%
                         Q1 New Listings   Q2 New Listings   % Change     Q1 Median Sale Price   Q2 Median Sale Price   % Change

                         28                19                    32.14%   64                     72                         13.09%
                         Q1 Sales          Q2 Sales          % Change     Q1 DOM                 Q2 DOM                 % Change
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                                                                                                                                     29
M A R KET R EPORT 2020
                    “While this data is overall positive and indicative of high demand for Downtown/SoBro
                     housing, the inevitable aftershocks of COVID-19 have yet to disrupt these numbers to date.
                     With great thanks to the visionaries focused on waterfront development along both sides of
                     the Cumberland River, Nashville’s Downtown/SoBro housing market will survive the shocks
                     and shifts of time notwithstanding the present pandemic and imminent presidential election.
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                     Downtown Nashville has the grid, the grit(s), and the glory to stay alive and thrive!”

                    — R ACHEL M AYS
                                                                                                                   31
M A R KET R EPORT 2020
                    THE GULCH/
                    MIDTOWN
                    Hip, cool, and modern, The Gulch is a perfect medley of
                    top notch urban living, stylish boutiques, offices, fantastic
                    restaurants, and one-of-a-kind entertainment venues. Once
                    the site of Nashville’s bustling railroad, this neighborhood has
                    been developed and modernized to create a trendy, walkable,
                    popular Nashville destination.

                    Residential sales in The Gulch and Midtown are currently down,
                    but a significant surge in new listings came about during Q2,
                    giving enthusiastic buyers a wide selection of fantastic options.
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                                                                                        33
T H E GU L C H / M I DTOWN

                                                                                                                                     M A R KET R EPORT 2020
                    I N S IGH T S

                         151               228                   50.99%   $417k                  $500k                      19.98%
                         Q1 New Listings   Q2 New Listings   % Change     Q1 Median Sale Price   Q2 Median Sale Price   % Change

                         126               69                    45.24%   44                     59                         32.33%
                         Q1 Sales          Q2 Sales          % Change     Q1 DOM                 Q2 DOM                 % Change
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                                                                                                                                     35
M A R KET R EPORT 2020
                    “I think sellers will be encouraged by Q3 and Q4 sales numbers. We experienced delayed sales
                     activity this year with our historically busy March/April transitioning to a very active June/July.
                    Traditionally, real estate activity slows after the Spring rush but we are seeing sustained growth
                     which I believe will continue through the Fall and into the Winter months. With plentiful new
                     construction coming online, sellers will garner a higher price and reduce their marketing time by
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                     cosmetically updating prior to bringing a property to market.”

                    — M ICHELLE MALD ONAD O
                                                                                                                           37
M A R KET R EPORT 2020
                    HILLSBORO/WE ST END
                    Close to universities like Vanderbilt, Belmont, and Lipscomb,
                    Hillsboro/West End combines the convenience of modern living
                    in a major city with the unmatched nostalgia of a small college
                    town vibe. Hillsboro/West End is also walking distance to Music
                    Row, Belcourt Theatre, several parks, and plenty of shopping
                    opportunities, giving residents everything they need to live the
                    good life, all within a few blocks of home!

                    A neighborhood coveted by many, residential listings from Q1
                    to Q2 almost doubled (88% increase), yet average days-on-
                    market dropped almost 50%, indicating these properties are
                    moving fast.
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                                                                                       39
H I LL S B ORO/ W E ST EN D

                                                                                                                                   M A R KET R EPORT 2020
                    I N S IGH T S

                         75                141                   88%    $588k $603k                                       2.49%
                         Q1 New Listings   Q2 New Listings   % Change   Q1 Median Sale Price   Q2 Median Sale Price   % Change

                         50                75                    50%    74                     44                         40.27%
                         Q1 Sales          Q2 Sales          % Change   Q1 DOM                 Q2 DOM                 % Change
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                                                                                                                                   41
M A R KET R EPORT 2020
                    “The eclectic mix of new construction, renovations and
                     historical properties will continue to drive the list prices in
                     Hillsboro West End to record levels for the remainder of
                     2020. It is tough to imagine a better time to move your
                     property in this neighborhood.”
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                    — PAT R ICK H IG GINS

                                                                                       43
M A R KET R EPORT 2020
                    BERRY HILL/MELROSE
                    A growing, vibrant neighborhood, Berry Hill/Melrose is known
                    for its eclectic shops, recording studios, music publishers, and
                    locally-owned small businesses. Enjoy fine dining eateries like
                    M.L. Rose, Hatti B’s Hot Chicken, and The Sutler Saloon.

                    From charming cottage homes to new developments, a house
                    feels like a home in Berry Hill/Melrose. A neighborhood that
                    emanates a verve of life both unique and uplifting, it’s no
                    surprise that new listings have increased quarter over quarter
                    in Berry Hill/Melrose, or that the neighborhood has also
                    experienced new business growth each year.
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                                                                                       45
B E R RY H I LL / M E LRO S E

                                                                                                                                     M A R KET R EPORT 2020
                    I N S IGH T S

                         121               160                   32.23%   $655k $599k                                       8.55%
                         Q1 New Listings   Q2 New Listings   % Change     Q1 Median Sale Price   Q2 Median Sale Price   % Change

                         62                74                    19.35%   63                     54                         14.81%
                         Q1 Sales          Q2 Sales          % Change     Q1 DOM                 Q2 DOM                 % Change
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                                                                                                                                     47
M A R KET R EPORT 2020
                    “Keeping up with its local vibe and situated adjacent to Nashville’s 12th South neighborhood,
                    The Melrose/8th South neighborhood is rapidly developing into one of the most sought after
                     in Nashville. The area remains more commercial than residential for now, but expect to see
                     more condo developments along with new construction homes in its future, providing even
                     more Nashville residents’ living opportunities. Both tourists and locals have discovered what
                     a vibrant community Melrose has to offer, including some of Nashville’s top-rated public and
                     private schools. The Melrose/8th South neighborhood not only provides walkability to restaurant
                     life and excellent schools, but the big-box grocery store, Publix, has planted its roots right in the
                     heart of town. Its doors will open in the next six months, and its presence should add to
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                     the average appreciation of 6.5% a year to all the neighborhood’s homes.”

                    — M ARTHA MONTI EL-LEW IS
                                                                                                                             Listing by Martha Montiel-Lewis   49
M A R KET R EPORT 2020
                    GERMANTOWN
                    Incorporated into the city of Nashville in 1865, Germantown
                    maintains its iconic history in its restored buildings, centennial
                    houses, and verdant parks, all while embracing a charming, chic-
                    modern appeal in its shops, restaurants, and recreational centers.

                    Germantown was severely affected by the March tornado.
                    However, the neighborhood has rebounded with a steady stream
                    of new listings from Q1 to Q2.
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                                                                                         51
GE R M A N TOWN I N S IGH T S

                                                                                                                                     M A R KET R EPORT 2020
                         176               210                   19.32%   $375k $389k                                       3.83%
                         Q1 New Listings   Q2 New Listings   % Change     Q1 Median Sale Price   Q2 Median Sale Price   % Change

                         109               103                   5.5%     66                     80                         21.32%
                         Q1 Sales          Q2 Sales          % Change     Q1 DOM                 Q2 DOM                 % Change
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                                                                                                                                     53
M A R KET R EPORT 2020
                    “Noted for its second-to-none restaurants, coffee culture, and evening activity, Germantown has
                     become quieter during the pandemic as market attention shifts toward more suburban areas.
                    This year’s market steadiness in Germantown, contrasted with typically rapid price acceleration,
                     offers a unique and likely fleeting opportunity for buyers. The number of recent luxury home
                     sales points to long-term appreciation of Germantown’s unique charms. The first time a
                     neighborhood home sold for over $1 million was in early 2015, and now, only five years later,
                     Germantown is flirting with a $2 million high bar. With its enviable walk score, the neighborhood
                     remains at the core of North Nashville investment interest, which overflows into the adjacent
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                     Salemtown, Buena Vista, Sulphur Dell, and Neuhoff communities.”

                    — DAV ID KOELLEIN
                                                                                                                         55
M A R KET R EPORT 2020
                    GREEN HILLS/
                    FORE ST HILLS
                    Living in Green Hills/Forest Hills feels like stepping into a
                    fairytale arbor setting. Though the neighborhood is close to
                    luxury shopping districts, high-end retailers, famous restaurants,
                    and excellent schools, the mature trees and forests in this region
                    have been preserved and well-tended, offering a coveted
                    setting of forested, private living right in the heart of Music City.

                    Large, historic, and stunning inside and out, Green Hills/Forest
                    Hills homes are highly sought after and prized among Nashville
                    locals and visitors alike. In fact, while there’s been a 20%
                    increase in listings from Q1 to Q2, average days on the market
                    for homes in Green Hills/Forest Hills has steadily decreased,
                    indicating growing interest in the area.

                    Listing by Jonathan Heard & Lacey Newman
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                                                                                            57
GR E EN H I LL S / FOR E ST H I LL S

                                                                                                                                     M A R KET R EPORT 2020
                    I N S IGH T S

                         210               255                   21.43%   $741k                  $679k                      8.33%
                         Q1 New Listings   Q2 New Listings   % Change     Q1 Median Sale Price   Q2 Median Sale Price   % Change

                         153               123                   19.61%   76                     65                         15.28%
                         Q1 Sales          Q2 Sales          % Change     Q1 DOM                 Q2 DOM                 % Change
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                                                                                                                                     59
M A R KET R EPORT 2020
                    “Green Hills & Forest Hills have always been popular areas of town for Nashvillians due to their
                     closeness to downtown coupled with a spacious, residential feel. It is typical to see new listings
                     increase exponentially from Q1 to Q2 as children get out of school and families look to relocate
                     before August. The only reason for the decrease in sales and sale price is the pandemic, and
                     we expect to see a tremendous rebound in Q3. We anticipate inventory will continue to be
                     fairly low and buyer demand will drive sales prices even higher. One of the biggest trends we’ve
                     seen in the housing market in this area in the past few years is the influx of new residents from
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                     New York, California and other major cities.”

                    — JONATHAN HEARD & LACEY NEWMAN
                                                                                                                          61
M A R KET R EPORT 2020
                    BELLE MEADE
                    Known for nationally famous attractions like the Belle Meade
                    Plantation, Cheekwood Estate & Gardens, and Percy Warner
                    Park, Belle Meade is further renowned for its stunning homes.
                    This neighborhood was developed within the territory of the
                    former historic Belle Meade plantation, hence why the suburban
                    paradise features large lots, mature trees, quiet, winding streets,
                    and a cozy, peaceful aura.

                    Not surprising given the beauty and peaceful nature of this
                    neighborhood, the average number of days Belle Meade homes
                    spend on the market has decreased by half from Q1 to Q2,
                    indicating a surge of buyer interest in the area.

                    Listing byJana Jones-Duffy
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                                                                                          63
B E LLE M E A DE I N S IGH T S

                                                                                                                                    M A R KET R EPORT 2020
                         20                23                    15%     $1.83M $1.37M                                     25%
                         Q1 New Listings   Q2 New Listings   % Change    Q1 Median Sale Price   Q2 Median Sale Price   % Change

                         12                13                    8.33%   84                     40                         52.59%
                         Q1 Sales          Q2 Sales          % Change    Q1 DOM                 Q2 DOM                 % Change
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                                                                                                                                    65
M A R KET R EPORT 2020
                    “Belle Meade is different from the rest of the Nashville market because of its unique location
                     and the prestige of the established area, larger lots and proximity to Belle Meade Country Club,
                     Cheekwood and Percy Warner Park. Trends in Belle Meade show you’ll pay $1 million-plus for
                     an acre of land and a tear-down house. $2 million homes that once had a hard time selling are
                     now flying off the market and we expect that to continue. Days on the market numbers have
                     been cut in half partly because there are a number of new builds and rehab projects as well as
                     the competition among families with the same need. Buyers are having to get more aggressive
                     and are willing to pay a little more to ensure they will get the house they want. We expect that
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                     to continue leading up to a strong start to 2021.”

                    — LA NA & F R AN KLIN PA RGH
                                                                                                                        67
M A R KET R EPORT 2020
                    THE NAT IONS /
                    SY LVA N PA R K
                    The Nations and Sylvan Park are two of the most desirable “up
                    and coming” neighborhoods in Nashville. Both neighborhoods
                    have recorded a strong increase in new listings and sold homes.
                    Sylvan Park features quiet, peaceful, well-kept residential
                    blocks. The community is ideally positioned near prominent
                    thoroughfares that feature great restaurants, large green
                    spaces, historic buildings, and a straight shot into the city.
                    Furthermore, Sylvan Park homes have consistently held their
                    real estate value, even through the Great Recession.

                    The Nations has a history and culture of its own. Constantly
                    evolving, always a new shop to check out or a new delicatessen
                    to try, The Nations is a prominent destination for new Nashville
                    businesses and homeowners alike.
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                                                                                       69
T H E NAT ION S / SY LVA N PA R K

                                                                                                                                    M A R KET R EPORT 2020
                    I N S IGH T S

                         422               516                   22.27%   $401k $403k                                       0.67%
                         Q1 New Listings   Q2 New Listings   % Change     Q1 Median Sale Price   Q2 Median Sale Price   % Change

                         254               334                   31.5%    75                     75                     0%
                         Q1 Sales          Q2 Sales          % Change     Q1 DOM                 Q2 DOM                 % Change
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                                                                                                                                    71
M A R KET R EPORT 2020
                    “In Sylvan Park, the prices have skyrocketed, and the new construction in the neighborhood
                     is more desirable than the older homes in the area that aren’t as spacious. Sylvan Park has
                     a highly-ranked elementary school, the park and restaurants are walkable, and it’s close to
                    Vanderbilt and St. Thomas hospitals. A strong proof point is that it’s challenging to even
                     find a home on the market in this neighborhood.

                    The Nations has evolved in many ways, particularly in terms of home styles compared to what
                    was being built in 2016-2017. Because of that, it’s attracting a more sophisticated buyer - young
                    professionals with dual incomes who like the walkability to restaurants and bars. Essentially no
                    home in The Nations is on the market for more than a few days - the higher days on market
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                    stats you see are because new construction homes are listed before they are completed.”

                    — M EGAN J ERNIGAN
                                                                                                                        73
M A R KET R EPORT 2020
                    MADIS ON/ H ER M ITAGE
                    Just north of East Nashville, Madison is not only a great place
                    to live, but this area is ideal for investing. The sooner the
                    better too, as the median sale price is slowly climbing. The
                    neighborhood is attractive for its current affordability and its
                    proximity to East Nashville.

                    And just 15 minutes from downtown Nashville, Hermitage
                    features unique attractions like Andrew Jackson’s Hermitage,
                    The Hermitage Farm, Stones River Greenway, the Percy Priest
                    Dam, and a panoply of parks, bicycle paths, lakes, rivers, and
                    gardens. While both Madison and Hermitage are growing
                    rapidly in popularity, each neighborhood has seen an increase
                    in new listings quarter over quarter, giving potential buyers
                    options in choosing the home of their dreams.
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                                                                                       75
M A DI S ON / H E R M I TAGE

                                                                                                                                     M A R KET R EPORT 2020
                    I N S IGH T S

                         364               478                   31.32%   $259k $270k                                       4.38%
                         Q1 New Listings   Q2 New Listings   % Change     Q1 Median Sale Price   Q2 Median Sale Price   % Change

                         300               302                   0.67%    58                     45                         22.54%
                         Q1 Sales          Q2 Sales          % Change     Q1 DOM                 Q2 DOM                 % Change
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                                                                                                                                     77
M A R KET R EPORT 2020
                    “This data is a testament to how strong our real estate market is. Madison’s affordability is
                     allowing it to grow into one of Nashville’s new hot areas while still maintaining its original North
                     Nashville personality. Sales are up, prices are rising and days on the market are shrinking.
                     I would expect to see this to continue for the remainder of 2020.

                    Hermitage is experiencing a boom of new construction and it is long overdue. The proximity
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                    to downtown Nashville and the airport, combined with price, are putting this city on the map.”

                    — H A I LEY GI LLUM
                                                                                                                            Photo Courtesy of Andrew Jackson Foundation   79
M A R KET R EPORT 2020
                    WILLI A MS ON
                    COUNT Y
                    Out of the city but still just a short drive from it, Williamson
                    County includes beautiful and historic areas like Franklin,
                    Leipers Fork, Thompson’s Station, and Brentwood. Also enjoy
                    smaller communities and a more rural lifestyle in Fairview,
                    Nolensville, or Peytonsville. As Nashville grows, new listings,
                    sales, and median sale price increases quarter over quarter
                    in Williamson County.

                    This region is idyllic and peaceful, a rural paradise of rolling
                    hills, farms, stables, and forested lands. The Natchez Trace
                    Parkway runs right through Williamson County, offering
                    unmatched scenery.
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                                                                                       81
W I LLI A M S ON C O. I N S IGH T S

                                                                                                                                     M A R KET R EPORT 2020
                         2,365             2,734                 15.6%    $522k $530k                                       20.37%
                         Q1 New Listings   Q2 New Listings   % Change     Q1 Median Sale Price   Q2 Median Sale Price   % Change

                         1,178             1,418                 20.37%   59                     53                         10.73%
                         Q1 Sales          Q2 Sales          % Change     Q1 DOM                 Q2 DOM                 % Change
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                                                                                                                                     83
M A R KET R EPORT 2020
                    “Our numbers for 2020 were all up compared to 2019, but I believe if not for COVID-19 they
                     would have been stronger. March 2020 median sales price was the only monthly decrease
                     from 2019. I saw a big change with days on market in land in May and June - people were
                     tired of being cooped up and were buying land. Properties that had been on the market for
                     months were finally selling.

                    Williamson County school system is known for being a leader in the state in academic
                    achievement. In my opinion, that has always been a major attraction to the area - now
                    with COVID-19, more people are relocating here. We continue to have less inventory so the
                    days on the market have decreased. I believe our market in Williamson County will remain
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                    strong for the rest of the year because of our great leadership statewide and county wide.”

                    — JENNI F ER BICKERSTAF F

                                                                                                                  85
M A R KET R EPORT 2020
                    “The Brentwood and Franklin markets continue to be incredibly strong! My experience in the
                     past few months, as the markets have come back to life, is that “if a property is good, it’s gone.”
                     Buyers have been wary of taking on a project house which has pressed prices higher for new
                     and like-new inventory. At all price points, now is a great time to sell; we have motivated buyers
                     moving from parts of the country with a much higher median price point making our homes
                     look like a deal. Interestingly, the highest price points have been seeing the most movement.
                     Homes over $2M that have traditionally taken sometimes months to sell are moving in days.
                     Now is the time to make a move to take advantage of future appreciation as our community
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                     continues to grow.”

                    —BRIA N COU RNOY ER
                                                                                                                           87
M A R KET R EPORT 2020
                    RUT HER FOR D
                    COUNT Y
                    A magnet for new residents and businesses, Rutherford County
                    is a part of everything that metropolitan Nashville has to offer,
                    but at a more affordable price point. Rapid development, a
                    spike in sales from Q1 to Q2, and an eye for the aesthetics in
                    urban design and planning has made “RuthCo” a modern day
                    suburbia, ideal for anyone who desires a comfortable life just
                    outside the city.

                    Rich in Tennessee history and culture, Rutherford County is
                    also home to historic sites like Stones River National Battlefield,
                    Oaklands Mansion, Bradley Academy Museum, Historic
                    Cannonsburgh Village, and the Sam Davis Home and Museum.
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                                                                                          89
RU T H E R FOR D C O. I N S IGH T S

                                                                                                                                     M A R KET R EPORT 2020
                         2,624             2,827                 7.74%    $277k $289k                                       4.21%
                         Q1 New Listings   Q2 New Listings   % Change     Q1 Median Sale Price   Q2 Median Sale Price   % Change

                         1,530             1,934                 26.41%   49                     44                         11.49%
                         Q1 Sales          Q2 Sales          % Change     Q1 DOM                 Q2 DOM                 % Change
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                                                                                                                                     91
M A R KET R EPORT 2020
                    “At the beginning of COVID-19, no one truly knew what to expect; however, the second quarter
                     numbers show that COVID-19 has had the reverse impact that many sellers and buyers
                     anticipated. The shortage of inventory has caused an even tighter demand for housing thus
                     driving up prices. In Rutherford County, I am seeing a huge push towards buyers opting to go
                     with new construction, with builders saying they have never been this busy and build costs are
                     increasing, which will affect pricing and standard features. I anticipate prices to go up. There
                     was already a tight supply of homes available as investors/hedge funds purchasing over the
                     last few years have taken away from the available supply. Housing demands should increase as
                     sellers reanalyze what home now means. Bigger yards for gardening and pools, as well as office
                     space for working from home or homeschooling, will now be key factors in purchasing.”
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                    —TER RY CA RTER

                                                                                                                        93
M A R KET R EPORT 2020
                    FEATURED LISTINGS
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                                        Listing by Katie Morrell   95
M A R KET R EPORT 2020
                    7 Oxmoor Court | Brentwood                                                              513 Legends Ridge Court | Franklin
                    Wonderful French Country Manor style home on the central most street in Governors       Breathtaking Views in Legends Ridge! This incredible 5BR 4 full and 3 1/2 BA home
                    Club overlooking the 4th green. Two master suites, each on a walk-in floor with         with unobstructed views of Williamson County cannot be replicated! Previously a
                    individual garages. Theatre room, 3-floor elevator, wine cellar/safe room, amazing      builder’s personal home, the details will amaze you! It is situated on 1 acre with serene
                    pool with hot tub and waterfall, mahogany office, eat-in kitchen, formal dining room,   outdoor living spaces and features a flat yard with room for a pool. Features include
                    summer kitchen, multiple family rooms, new paint, new flooring, and so much more.       a Chef’s kitchen with Thermador appliances, two dishwashers, wine refrigerator, open
                                                                                                            to breakfast/dining room, living and family room, spacious master suite with sitting
                                                                                                            area and access to private jacuzzi tub. The basement has endless possibilities! Solid
                                                                                                            Core Doors to the immaculate heated and cooled garage, not a detail was spared!
                                                                                                            The views and privacy of this home will make you feel like you are a million miles
                                                                                                            away from everything! Please call Jennifer Bickerstaff for more details.
CO M PASS X N S H

                    Brian Cournoyer                                                                         Jennifer Bickerstaff
                    brian.cournoyer@compass.com                                                             jennifer.bickerstaff@compass.com
                    M: 615.917.4995 | O: 615.475.5616                                                       M: 615.504.2118 | O: 615.475.5616

                                                                                                                                                                                                        97
M A R KET R EPORT 2020
                    9546 Thoroughbred Way | Brentwood                                                      708 W Main Street | Franklin
                    Privacy abounds this amazing 1.3AC hilltop retreat just minutes from I-65! This 4BR    Spectacularly renovated 1900s home in the heart of Historic Downtown Franklin.
                    3 1/2BA home features recently added 880 +/-sq ft family room that also includes       This Kate Williams designed 4 bed, 4 full bath renovation is truly a luxurious, historic
                    an exercise room/flex room, additional dining area, and a beautiful stacked stone      getaway just a few steps from all the shopping and restaurants Downtown Franklin
                    fireplace. Owners have completely renovated the kitchen with top of the line           has to offer. Original hardwood floors, honed marble countertops, handcrafted custom
                    appliances. The owner’s suite is on the main floor and has a sitting area with built   shelving reclaimed from the turn of the century rafters, tasteful shiplap accents
                    in bookcases. Other features include a formal dining room, fireplaces in the living    throughout. Gourmet Kitchen, Bertazzoni gas range. Private showings available.
                    room and breakfast room. There are also 3BR and 2 BA upstairs with a bonus room.
                    This is a perfect home for entertaining indoors or out! Other features include lush
                    landscaping with sprinkler system, open deck/porches, paver patio for grilling, a
                    screened porch and so much more!
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                    Jennifer Bickerstaff                                                                   Matt Dally
                    jennifer.bickerstaff@compass.com                                                       matt.dally@compass.com
                    M: 615.504.2118 | O: 615.475.5616                                                      M: 615.663.6981 | O: 615.475.5616

                                                                                                                                                                                                      99
M A R KET R EPORT 2020
                    5024 Franklin Pike | Nashville                                                          4017 Wallace Lane | Nashville
                    Professionally designed and custom-built home with a backyard oasis that will keep      Elegantly updated and spacious home within walking distance to Julia Green
                    you busy all year long, complete with an outdoor “living room,” gunite pool, hot tub,   Elementary School. The transitional interior can lean contemporary or traditional
                    grilling station, and double-sided fireplace. This spacious beauty brings the outside   depending upon your taste. Featuring a heated saltwater gunite pool and two
                    in with large windows and an open floor plan. Architecture elements include accent      covered patios - one with an outdoor fireplace, this home has ample outdoor living
                    walls, tall ceilings with exposed beams, and thoughtful details throughout. Expansion   space. Master Suites on the main level and second level. The fully renovated eat-in
                    space for a 5th bedroom. Beautiful centrally located 2-acre lot in Oak Hill.            kitchen is full of high-end appliances and beautiful blonde hardwood throughout.
CO M PASS X N S H

                    Heard Newman Team                                                                       Heard Newman Team
                    heardnewmanteam@compass.com                                                             heardnewmanteam@compass.com
                    M: 615.800.7076 | O: 615.475.5616                                                       M: 615.800.7076 | O: 615.475.5616

                                                                                                                                                                                                  101
M A R KET R EPORT 2020
                    919 Stuart Lane | Brentwood                                                             709B 49th Ave North | Nashville
                    Stunning Brentwood home with a full basement, 5 bedrooms and a resort style             Sleek, contemporary, modern style detached home with designer lighting & impressive
                    inground pool. This home resides in the popular Fountainhead community located          interiors. No carpet here - sanded & finished wood floors throughout with quartz
                    just off Franklin Road. Inside you will find 5 fireplaces spread throughout the home,   countertops & subway tiles in baths. Stainless appliances with a gas range for your
                    a home office, a formal living and dining room, a beautiful chef’s kitchen, and         cooking cuisines. Tall ceilings with warm paint colors & glass enclosed showers in the
                    a sunroom.                                                                              master. One bedroom down offers options for a guest or office space. Enjoy this city
                                                                                                            as you are minutes from downtown and close access for work commutes.
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                    Hailey Gillum                                                                           Terry Carter
                    hailey.gillum@compass.com                                                               terry.carter@compass.com
                    M: 615.474.7797 | O: 615.475.5616                                                       M: 615.294.3148 | O: 615.475.5616

                                                                                                                                                                                                     103
M A R KET R EPORT 2020
                    1100 Inglewood Drive | Nashville                                                                                                                                                                                                                                                                                    259 Vaughns Gap Road | Nashville
                    The Avery will offer a collection of 20 modern 2-bedroom/ 2 bathroom and                                                                                                                                                                                                                                            This amazing modern home built by Landon Development is loaded with custom
                                                                                                                                                                                                                                                                                                                                          Sales-Front Elevation
                                                                                                                                                                                                                                                                                                                                       3 design selections. From the unique and distinctive oversized master bathroom, to the
                    3-bedroom/ 3-bathroom condos inspired by the art, passion, and charm of Inglewood                                                                                   REAR PORCH
                                                                                                                                                                                        24'-0" x 23'-0"                                                                                                                                    1/16" = 1'-0"
                    in East Nashville. Each unit, including two penthouses, has stainless steel appliances,                                                                                                                                                                                                                             his-and-hers custom-designed closets and full prep kitchen and pantry, this home
                                                                                                                                                                                                                                                                                                                                        spares no detail. Enjoy the wooded view from the covered outdoor living space. Then
                                                                                                                                                                                                                                 DW             T.P.

                    beautiful all-wood floors, and are zoned to allow non-owner occupied short-term                                                                                                                                                                                                            GARAGE
                                                                                                                                                                                                                                                                                                             25'-6" X 33'-0"

                    rentals with proper permits. Reserve now to take advantage of pre-construction                                                                                                                                  KITCHEN                                                                                             inside, the home features a built-in wine wall, solid wood floors and soaring vaulted

                                                                                                                                                                                                                REF.
                                                                                                                                                                                                                                  23'-0" X 23'-0"

                                                                                                                                                                                                                                                                                                                                        ceilings. This new custom home is situated on a two-acre lot in the heart of West
                                                                                                                            BENCH

                    pricing and Sophisticate Your Stay by the Summer of 2021. Unit prices range from                                                            MASTER BR.
                                                                                                                                                                                                                                                                                           PANTRY/PREP

                                                                                                                                                                                                                                                                   REF
                                                                                                                                                                                                                                                                                            8'-6" X 14'-6"

                                                                                                                                                                                                                                                                                                                                        Meade. Visit 259VaughnsGap.com for more information.
                                                                                                                                                                18'-0" x 23'-6"

                    $349k to $500k. The entire complex is available for purchase as well for $8,500,000.
                                                                                                                         CLOSET 1
                                                                                                                                                                                        FAMILY RM                                                                                                                                                                                                                                          BONUS RM.                            BR. 5
                                                                                                                        11'-6" X 10'-6"
                                                                                                                                                                                       24'-6" X 16'-0"                                                                                                                                                                                                                                    20'-9" X 16'-6"                  22'-0" X 14'-0"

                    Visit TheAveryNashville.com for more information.                                                                                                                                                                                  WINE
                                                                                                                                                                                                                       WET BAR
                                                                                                                                                                                                                                                                                                                                                                                                SHELVES           PICTURE WALL
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 BATH 5
                                                                                                                                                                                                                                                                                                                                                                                                                                                                            CLOSET             9'-6" X 7'-0"
                                                                                                                                                                                                                                                                                                                                                                                                                                                                           8'-0" X 7'-0"
                                                                                                                                                                                                                                                              STORAGE                                                                                  BATH 3           CL0SET
                                                                                                                                                                                                                                                                                             MUD-RM                    LAUNDRY                       10'-6" X 7'-0"   9'-0" X 7'-0"
                                                                                                                                                                                                    FOYER                                                                                  10'-6" X 9'-8"             14'-6" X 9'-8"

                                                                                                                                                       TOWER
                                                                                                                                       M. BATH                                                  OPEN TO ABOVE                  DINING                                                                                                                                                                                                                                       CLOSET
                                                                                                                                     16'-6" X 14'-6"                                                                        20'-0" X 14-6"                                                                                                                                                                                                                                 8'-0" X 7'-0"
                                                                                                                                                                                                                                                                                                                                                                                             SITTING AREA      FOYER BELOW                                                                        BATH 4
                                                                                                                                                                                                                                                                                                                                                                                              11'-0" X 9'-0"                                                                                    9'-6" X 7'-0"
                                                                                                                                                                                                                                                                                                                                                                                                                                                 LOUNGE

                                                                                                                                                                                                                                                                                                                                                                                                                                                                 WET BAR
                                                                                                                                                                                                                                                                                                                                                                                                                                 POWDER        15'-6" X 10'-6"

                    Lana and Franklin Pargh                                                                                                                        STUDY                                                                                                                      BATH 2
                                                                                                                                                                                                                                                                                                                                        Lana and Franklin Pargh
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                                                                                                                                                               13'-6" X 13'-0"
                                                                                                                                                         CL.                                                                                                             GUEST BDR-2                                                                                             BR. 3

                    The Pargh Team                                                                                                                                                                                                                                                                                                      The Pargh Team
                                                                                                                                                                                                                                                                         14'-6" X 16'-0"                                                                                     13'-6" 14'-6"
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  BR. 4
                                                                                                                                                                                                                                                                                                                                                                                                                                                                             22'-0" X 14'-0"

                    lana.pargh@compass.com                                                                                                                                                                                                                                                                                              lana.pargh@compass.com
                                                                                                                             CLOSET 2
                                                                                                                            13'-6" X 13'-0"                                                                                                                                                     CLOSET
                                                                                                                                    BENCH                                FRONT PORCH

                    M: 615.351.7333 | O: 615.475.5616                                                                                                                                                                                                                                                                                   M: 615.351.7333  | O: 615.475.5616
                                                                                                                                                                                                                                                                                                                                                   Sales-Second  Floor
                                                                                                                                                                                                                                                                                                                                                2
                                                                                                                                                                                                                                                                                                                                                    1/16" = 1'-0"
                                                                                                                Sales-First Floor
                                                                                                              1
                                                                                                                1/16" = 1'-0"                                                                                                                                                                                                                                                                PROJECT INFORMATION                                                                                                105
M A R KET R EPORT 2020
                    813 Deercrossing | Nashville                                                              514 Garfield Street, Unit 8 | Nashville
                    This home will absolutely blow your mind! You will be hard pressed to find better         Province Builders new construction in a prime Salemtown / Germantown location
                    outdoor living anywhere in Nashville. Absolutely no expense has been spared here! If      with high-end features throughout and a roof top terrace that has downtown skyline
                    you have extremely refined tastes and desire privacy with a 10+ convenient location       views. Enjoy a life with walkability right outside your front door! 20 total homes in this
                    and views, this is it! The list of features is too long to put here. Please inquire for   development.
                    additional information on this private 2 acre estate with a large pool house that
                    connects to the home.

                    Darin Cunningham                                                                          Darin Cunningham
                    darin.cunningham@compass.com                                                              darin.cunningham@compass.com
                    M: 615.456.4086 | O: 615.475.5616                                                         M: 615.456.4086 | O: 615.475.5616
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                    Christina Cunningham                                                                      Christina Cunningham
                    christina.cunningham@compass.com                                                          christina.cunningham@compass.com
                    M: 615.394.4168 | O: 615.475.5616                                                         M: 615.394.4168 | O: 615.475.5616

                                                                                                                                                                                                           107
M A R KET R EPORT 2020
                    The Ludlow, Residence 507 | Nashville                                                   The Ludlow, Residence 205 | Nashville
                    The Ludlow is a collection of 64 residences ranging from 550 – 1400 square feet.        Residence 205 at The Ludlow conveys a feeling of refined living infused with forward
                    Offering the best of all worlds – brand new construction set in Historic Buena Vista,   thinking architecture – clean lines, airy interior, large scale windows that provide
                    steps to Nashville’s burgeoning Germantown neighborhood which offers some               abundant natural light and a carefully curated finish package. Set across over 1400
                    of Nashville’s most chic dining and elegant boutiques. Residence 507 is an open         square feet, this residence is spacious and offers two bedrooms + flexible office – a
                    floorplan with a one bedroom + flexible office, ideal for those who work from home or   perfect home for those seeking space with an option to comfortably work from home.
                    desire a home gym. Priced at $399,900.                                                  Priced at $499,000

                    Megan Jernigan                                                                          Megan Jernigan
                    megan.jernigan@compass.com                                                              megan.jernigan@compass.com
                    M: 615.594.1990 | O: 615.475.5616                                                       M: 615.594.1990 | O: 615.475.5616
CO M PASS X N S H

                    Martha Montiel-Lewis                                                                    Martha Montiel-Lewis
                    martha.montiel-lewis@compass.com                                                        martha.montiel-lewis@compass.com
                    M: 931.338.0082 | O: 615.475.5616                                                       M: 931.338.0082 | O: 615.475.5616

                                                                                                                                                                                                    109
M A R KET R EPORT 2020
                    1804 Lakehurst Drive| Nashville                                                           1815 Boscobel Street | Nashville
                    Breathtakingly beautiful Spanish Villa in the coveted pocket of “Little Hollywood,”       Absolutely gorgeous Victorian Replica in the heart of Lockeland Springs. Property
                    steps to Shelby golf course, and dozens of East Nashvilles best restaurants, coffee       includes a detached 2 Car Garage apartment. Stunning wrap around porches, picket
                    shops and retail. Situated on a professionally landscaped .61 acre lot, this home will    fenced front yard and directly across the street from hundreds of miles of running
                    truly take your breath away. Featured in several local publications, this property will   and cycling trails at Shelby Park. Open concept layout with hardwoods throughout.
                    make you the envy of all your friends. From the private veranda, outdoor fireplace’s,     First and 2nd floor master bedrooms with on suites, double sided gas fireplace, huge
                    gorgeous archways and designer finishes, this one checks all the boxes!                   kitchen with wet bar and private screened in porch off the back of the home.
CO M PASS X N S H

                    Robbie Drimmer                                                                            Robbie Drimmer
                    robert.drimmer@compass.com                                                                robert.drimmer@compass.com
                    M: 615.462.6636 | O: 615.475.5616                                                         M: 615.462.6636 | O: 615.475.5616

                                                                                                                                                                                                     111
M A R KET R EPORT 2020
                    The 1865 - #113 | Nashville                                                            The Adelicia - #1108 | Nashville
                    612 21st Avenue North | 2 beds, 1 bath, listed at $499,000. Brand new, never lived     900 20th Avenue South | 2 beds, 1 bath, 1,121 SF, listed at $575,000. Spectacular one of
                    in, fully furnished NOO STR approved unit in the heart of the city just 2 miles from   a kind Adelicia two-bedroom. Converted unit featuring two fully enclosed bedrooms,
                    downtown! Unit includes two bedrooms with one full bath, additional vanity and         large living room, spacious open kitchen with upgraded matte stainless appliances
                    sink in the primary bedroom, living and dining spaces, washer and dryer, and bonus     and tons of cabinet storage, hardwood floors throughout, floor to ceiling windows,
                    private exterior entrance. Luxurious furnishings and all daily living and kitchen      private balcony, large closets, 2 parking spaces, and beautiful Southside views of lush
                    supplies included. The gated complex boasts a community pool and outdoor bar,          greenery, Scarritt Bennett, and more - all in the heart of Midtown!
                    fitness center, and a shared observation deck with downtown views.
CO M PASS X N S H

                    Michelle Maldonado Team                                                                Michelle Maldonado Team
                    mmteam@compass.com                                                                     mmteam@compass.com
                    M: 615.260.4423 | O: 615.475.5616                                                      M: 615.260.4423 | O: 615.475.5616

                                                                                                                                                                                                      113
M A R KET R EPORT 2020
                    1091 Lynnwood Blvd | Nashville                                                                 5813 Vine Ridge Drive | Nashville
                    Notable mid-century modern marvel in Forest Hills renovated by international                   Welcome to the catbird seat of Hillwood. Stunning new construction by custom luxury
                    award renowned architect Michael Goorevich and upscale designer Katy Chudacoff.                homebuilder, Landon Development. Spacious floor plan with several flex spaces to
                    Painstaking attention to quality, livability, and maintainability. Equal parts entertainer’s   satisfy all your COVID living needs. Exquisite finishes, with no detail spared. Soaring
                    wonderland and family retreat, featuring an exquisite pool area, chef’s kitchen, to-die-       ceilings, oak floors, abundant windows, chef’s kitchen with Thermador appliances, two
                    for owner’s suite, and flex space in spades. The 1.86-acre corner lot spans a hillside,        laundry rooms, two wet bars. Enviable main-floor owner’s suite. Several outdoor living
                    combining treetop views with a level floor plan.                                               spaces on almost an acre lot. Very private. A must see!
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                    Gabriela Lira                               Patricia Straus                                    Gabriela Lira
                    gabriela.lira@compass.com                   patricia.straus@compass.com                        gabriela.lira@compass.com
                    M: 615.440.6327 | O: 615.475.5616           M: 615.305.8465 | O: 615.475.5616                  M: 615.440.6327 | O: 615.475.5616

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                    1502 Arthur Avenue | Nashville                                                   3722 Bosk Lane | College Grove
                    This stunning newly-built home is just minutes from downtown! It’s equipped      Stunning one of a kind, gorgeous two-story home with newly finished walk out
                    with smart appliances, hardwood floors, custom-tiled bathrooms, natural light,   basement. Sits on a private two acre cul de sac lot in the established Grove Park
                    ample storage and an attached 2-car garage. The main floor consists of an        neighborhood. Country living at its finest with over 4,800 sq. ft, 4 beds, 4.5 baths.
                    open concept with a gorgeous kitchen and spacious living area. The 3rd floor     Amazing views from the front & back. Updates throughout, new upper deck & walk-
                    bonus room has French doors leading to a balcony with incredible views! Don’t    out basement with covered patio, three car garage, close to 840 and Arrington
                    miss out on this beauty!                                                         Vineyards. Zoned for award winning Williamson County schools. Small unique
                                                                                                     neighborhood with no HOA. Listed at $1,100,000.
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                    Jessi Sgarlata, The Southbound Group                                             Julianne Richard
                    jessi@southboundgroup.com                                                        julianne.richard@compass.com
                    M: 615.587.6722 | O: 615.475.5616                                                M: 713.571.8887 | O: 615.475.5616

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                    PARTNER
                    PERSPECTIVE S
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MAGNOLIA TITLE                                                                                                                                                       FIRST COMMUNITY

                                                                                                                                                                                                                                                                                                                                                              M A R KET R EPORT 2020
                                                                                                                                                                                                                                                                            MORTGAGE
                                                                                                       Ryan Lux | Attorney
                                                                                                       Leslie A. Garside | Managing Attorney
                                                                                                       Joshua L. Hunter | Owner & Attorney                                                                                                                                  FCM NMLS# 629700

                                                                                                       615.712.6391                                                                                                                                                         Claudia Rios                        Marty Maitland
                                                                                                       leslie@magnoliatitle.com                                                                                                                                             615.495.4456 | NMLS# 439473         615.480.5626 | NMLS# 590283
                                                                                                       www.magnoliatitle.com                                                                                                                                                claudia.rios@fcmhomeloans.com       marty.maitland@fcmhomeloans.com

                    Q. Given the challenges this year, what impacts do you expect in the title &       Q: How has COVID-19 changed the way you do business in Nashville?                 Q. Given the challenges this year, what impacts do you expect in the               increasingly important. We have seen a boost on the use of our mobile app
                    real estate industry in Nashville?                                                 A: Our business relationships thrive on in-person meetings, closings and other    mortgage & real estate industry in Nashville in the coming weeks & months?         by our Loan Officers, Real Estate Agents and Clients. The health and safety
                    A. The biggest challenge presented as a result of COVID-19 has been                group and networking events. A lot of those in-person meetings have now           More long-term?                                                                    of our employees, business partners and clients is very important for us,
                    determining the best and safest routes we can take to facilitate closings.         become virtual, and we’re reaching clients and potential customers via other      A. Currently, we continue to see a strong real estate market in Nashville and      which has made us enable a series of preventive measures all across our
                    While it didn’t become the immediate norm as many anticipated originally,          methods like increased online presence and short Zoom webinars. Our hope          see little volatility. It seems that the current economic and health issues may    organization; from an elective remote-work strategy and virtual meeting
                    we do believe that the industry will continue to work toward holding more          is that we’ll soon be able to return to more of the in-person gatherings of the   have the potential to slow down the growth in the upcoming months, but             spaces to a sanitization protocol.
                    “e-closings” as surrounding industries like lending and finance figure out a       past…we miss them!                                                                this will depend on multiple factors, including the elections and the recovery
                    way to make it work. Another issue we have noticed with social distancing                                                                                            of the hospitality and services sectors in our region. It seems that we have       Q: What is something that your company offers that is unique to other
                    requirements is that the normal personal and celebratory nature of a                                                                                                 strong economic fundamentals in general and we are still an attractive             lenders?
                    residential transaction is lost as a result of fewer people being present at the                                                                                     destination for companies and families that want to increase their quality of      A. Our market is becoming increasingly more diverse and at First
                    closing table. We are continuing to be creative and figure out ways to make                                                                                          life in a thriving region like ours. Long term, we may potentially experience      Community Mortgage, we have established a Multicultural Lending Team
                    the closing day feel special for our buyers and sellers.                                                                                                             delays in construction given potential supply shortages and therefore slower       that specializes in addressing the unique needs of homebuyers from diverse
                                                                                                                                                                                         production.                                                                        ethnic backgrounds. Our Hispanic initiative established in 2016 has helped
                    Q: What else do you think people need to know about the state of your                                                                                                                                                                                   hundreds of families become sustainable homeowners. We have developed
                    industry?                                                                                                                                                            Q: Do you think right now is a good time to buy a home?                            financial programs that assist borrowers using ITIN/W7 to file their taxes, and
                    A: As is pretty well known, Nashville is hitting some really high marks on sales                                                                                     A. Yes, especially because the mortgage interest rates are at historic lows        for those under DACA, Asylum or other Visa Status we offer a competitive
                    numbers this summer. Likewise, our industry is thriving and helping to carry                                                                                         (and with a presidential election over the next 60 days) and you have more         mortgage program with low down payment. Our team provides customer
                    that load as we finish Q3 and move into Q4. We are remaining optimistic as                                                                                           motivated sellers trying to capitalize on the value of their homes. With the       service in Spanish and Arabic.
                    rates continue to stay low that we’ll continue to see a lot of positive numbers                                                                                      support of a real estate professional, it’s very likely that you will find great
                    through year end.                                                                                                                                                    opportunities in this market.                                                      We understand that buying a house is one of the biggest financial
                                                                                                                                                                                                                                                                            transactions, and we thrive on providing a low stress experience to the
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                                                                                                                                                                                         Q: How has COVID-19 changed the way you do business in Nashville?                  homebuyers with superior personal attention and multiple options to
                                                                                                                                                                                         A. The current health crisis has boosted the use of digital platforms to           successfully go through the mortgage process.
                                                                                                                                                                                         do more transactions online. Having the right technology is becoming

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FINAL WORD

                                                                                                                               M A R KET R EPORT 2020
                        In spite of all that’s happened in 2020, Nashville continues to grow. This community does not
                        stop flourishing for anything, which is part of why we love calling Music City our home. We
                        hope this report has been helpful, both in the highlights of each neighborhood and
                        their forecasted growth.

                        Nashville is more than just a city, it’s a community of hard workers who feel the music of life
                        move through them and compel them to achieve their goals. We’re a city that sticks together, that
                        helps each other out, and right now that means sheltering in place and spending a large amount
                        of time at home.

                        Yes, life may look quite different now, but one thing that hasn’t changed is the role that our homes
                        play in our lives. If anything, our comfort and peace-of-mind in our homes has become even more
                        important. At Compass, we help our friends and neighbors find a place from which they can build
                        their lives, a place that is unique to them and simply perfect for them. That place is their home.
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                    Data sources: Compass Nashville Agent Survey Data, MLS Data (unless otherwise indicated)

                    Compass RE is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but
                    is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not
                    intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. | O: 615.475.5616
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