McSquared in Music City March 2024

"THIS. GIRL. Is on FIRE"

🎶🎵🎶🎶🎶

To be honest, I'm not sure which application of the word "fire" will unfold in the next couple of months. This market feels like it could rip - taking off like a rocket-ship shooting to the moon if the Fed comes to a rate-cut consensus soon (3rd quarter?). It could be teasing us like the heat from long burning embers as it keeps us warm, only to fizzle out. Or it could be complete devastation that we're seeing out of the Texas Panhandle and countless times in recent years out West. Only certainty is we're seeing flames. It will take time, news out of Washington, Israel, the Red Sea, continued earnings reports, and presidential certainty to help shape our course. For now, things are looking okay. Congratulations to all of you holding NVDA and Bitcoin. 😉

Green shoots continued locally through February, with another MoM increase in homes going under contract (~10% & ~25% for Davidson/Williamson Counties, respectively). The number of homes sold increased a stellar 31% in Nashville MoM! New listings are hitting the market as well with a 22% increase in Nashville while WilCo saw a 5% jump. Not bad for February. Maybe it's the Spring-like weather we have scattered in here & there; 75°and sunny yesterday. ☀️

Buyers are still picky; seller's seem to be more reasonable. Feels like we're on our way to equilibrium, all other variables remaining equal (insert eye roll here). Nashville is not alone in this. Reports of increased open house attendance are coming out of Chicago, Austin, and even San Francisco. 

I maintain the thought mentioned last month that we will see a lot of off market activity this Spring and Summer. Anecdotally, I have a list of a dozen or so investment properties that'll go that way. Again, it's only March 4th...Spring cometh early!?!?

On the personal front, Matt and I popped back to CA briefly to support a friends ballet production of Cinderella, see the family, and we cruised through Denver on the way home to meet our new identical twin nieces. Hearts are full, body and mind rested, ready for what feels like a full-speed ahead market. Let's play!

Local Events

MARCH 10, 12-2PM

Piano at the Mansion

Cheekwood Estate & Gardens

MARCH 14, 7:30PM

KC and The Sunshine Band
50th Anniversary 2024

Ryman Auditorium

MARCH 13-15th, 6PM

2024 SEC Men’s Basketball Tournament

Bridgestone Arena

MARCH 19th, 6PM

Colin Quinn 2024

Zanies

MARCH 21st, 7PM

8th Annual Nashville Elvis Festival

Liberty Hall in The Factory at Franklin

MARCH 24th, 8PM

Nicki Minaj Presents: Pink Friday 2 World Tour

Bridgestone Arena

MARCH 26th, 7:30PM

Breland & Friends

Ryman Auditorium

MARCH 31st, 2PM

Peter Rabbit

Franklin Theater

MARCH 31st, 6:30PM

March 31st
Fall out Boy – Live 

Bridgestone Arena

Notable in Nashville

Green Hills

3510 Woodmont Boulevard

5 BD   7 BA   7461 SF   $5,299,900

Welcome to this Hamptons inspired home from Craftsman Residential in the heart of Green Hills. The classically proportioned facade of stone and cedar shake create an impressive entry into the 4-car garage motor court. Inside offers a stunning array of layered details, deftly balancing the crisp, modern design of today while embracing the timeless proportions and layouts of a traditional designed home. Past the custom built entry door, you have a dramatic, grand stair hall with curved staircase. An expansive great room with fireplace extends the width of the home and is balanced with an oversized, two-room kitchen with dual islands a stunning window-lined working pantry. Interior appointments include 9” white oak floors, custom cabinets and built-ins, and designer lighting package along with 6 exterior gas lanterns. Rear screened porch, dining area, and a grilling terrace span the rear of the home overlooking a large, private, flat, fenced backyard ready for your future pool.

Central Franklin

338 3rd Avenue South

2 BD   2 BA   1621 SF   $970,000

Own a piece of history in beautiful downtown Franklin! This Victorian home was built in 1892 and has been fully restored and renovated. A turnkey property with low maintenance ready to enjoy. A tranquil retreat set in the heart of town, just blocks from Main Street. Proximity to downtown makes this home a rare find. This home features 11 ft ceilings, gorgeous hardwood floors, a spacious layout and covered wrap porch! Walk out your door and experience Franklin living with restaurants/cafes, shops, parks nearby. See docs for exact distances to many local favorites. Abundant closet/storage space. Meticulously maintained. Great investment property! Please call Eric or Trish with any questions or to schedule a showing.

Twelve Twelve

1212 Laurel Street, Unit 1704

2 BD   2 BA   1395 SF   $1,350,000

This fully furnished turnkey condo offers an open, functional floor plan with stunning views from almost every room. Enjoy the city skyline and stunning sunsets from two private balconies. This unique floor plan is loaded with designer upgrades and finishes, ensuring a luxury living experience in the Gulch's premier building. Residents of 1212 enjoy a range of amenities, including a year-round saltwater pool, hot tub, a spacious 3,800 sq ft fitness center, an indoor/outdoor dog run, four grilling stations and fire pits, bike storage, a green roof, two owner's lounges, and two guest suites. Additionally, this unit comes with the convenience of two assigned parking spaces in the secured garage and a personal storage unit. Don't miss out on this opportunity to experience upscale living in one of Nashville's most sought-after locations.

Listing Neighborhood

5845 Old 96

5 BD   9 BA   10626 SF   $65,000,000

Twin Rivers Farm is a unique and extraordinary estate, tucked away in the rolling hills outside of Nashville, Tennessee. Designed by renowned architect Steve Giannetti, the home strikes the perfect balance of luxury, form and function, enhanced by the seamless connection between indoor and outdoor spaces. The expansive grounds include two private lakes, walking and horse trails, a 2bd guest cottage, stables, a state-of-the-art swimming facility equipped with a retractable roof, tennis court, 188-tree orchard, greenhouse, an observation tower and an entertainment pavilion. Twin Rivers Farm is a property that beholds the best natural features of Tennessee countryside. Immerse yourself in the tranquil beauty and unparalleled views, with a home crafted to cater to every want and need.

Whites Bend

142 Stella Drive

3 BD   3 BA   1797 SF   $549,900

One of our last few SF homes in 1st phase of West Nashville's Sage Run is located in the rolling hills off River Road that backs up to the Cumberland River. This 3 bedroom home includes stainless steel appliances-including fridge, LVP flooring, quartz countertops, recessed lighting, tiled bathrooms and more. Attached rear two car garage. Sage Run is only a few minutes from Downtown Nashville and Historic Music Row. You'll feel like you stepped into a simpler place and time, away from the hustle and bustle of Broadway yet a short drive to shopping, restaurants and entertainment. The community will also feature a dog park. *Photos are from 118 to show the same layout, but different colored cabinets/interior combo.

In case you missed it

* “You get good judgment gradually over time partly by making bad judgments and having them work out poorly,” - Charlie Munger, stressing the importance of continuous self-improvement. (working on myself these days!)

* Maybe Bigger is Better? At least with Amazon's market share we could be getting more REAL TIME data! "The FED is notoriously slow mostly because its data - and actions - have long lag times. Spotting a recession in real-time, instead of months after the fact, is among the holy grails of forecasting. Two economists at Amazon say they’ve figured out a new way to do it based on two inputs: one of them focused on real-economy activity and the other on financial conditions with a minimal lag — able to deliver a reading for a given month on the first business day of the next one — and they’ve designed separate versions for the US and Europe." (BLOOMBERG)

* The Panama Canal sees no need for further vessel transit restrictions until at least April. (Reuters)

* There are signs that the sharp upward spike in shipping rates from the Red Sea crisis may have peaked. (CNBC)

* New York City officials plan to turn six waterfront locations into maritime shipping hubs to handle booming e-commerce deliveries. (Gothamist)

* Developers of a $1 billion container terminal in Baltimore expect to break ground by the end of next year and open in 2028. (Baltimore Sun)

* EEEKKK. · Finnair announced it will weigh some passengers at the gate as part of a trial program to improve plane weight estimates.

* More neighborhood news: Starbucks plans to open more than 600 new stores this year, increasing its U.S. footprint by 4%. (CNBC)

* A patient implanted with Neuralink’s brain technology can now control a computer mouse just by thinking.  (CNBC)

* In Warren Buffet's notes he sounded less excited about buying opportunities.....which many looked at as a bad sign for the overall economy. But surely if Mr. Buffet sees a lack of 'bargains/good buys' - and those are usually only around in bad times - one could interpret this as good news, that the chances of  'good buys' will be in short supply because the economy is humming along? (WSJ)

* Apple is ending its decade-long push to build its own electric vehicle. (WSJ)

* Technology fuels productivity: Productivity fuels corporate profits. US farms produce more than 5X as much as they did 75 years ago, but the agricultural work force declined by about 66%, thanks to machinery, improved seeds, fertilizers and pesticides. The number of coal miners has fallen 80% yet production roughly doubled. Technology has made the US richer, but has also reduced economic opportunity in rural areas. (NYT) - Stating the obvious, but something to think about for the future of several industries!

* President Biden is telling the Commerce Department to investigate foreign-made software in automobiles, citing Chinese technology as a potential national-security risk.

If you're in the market or know someone who would benefit from an informal conversation with me, please click here and we'll schedule some time together. 

REMEMBER, 
I have established relationships nationwide, likely in in your local markets, with agent colleagues of mine.  Utilize the trust I've established with these high performing men & women to foster smooth dealings on your next transaction. 

See the map below for our broad reaching locations. Thank you!

Shane McCarty

Affiliate Broker
M: 209.601.1957
O: 615.475.5616
shane.mccarty@compass.com

Office: 615-475-5616

Compass RE is a licensed real estate broker. All material is intended for informational purposes only and 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 or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.