McSquared in Music City June 2023

Love is all you Need

Really feeling it this month! Maybe it's a result of my folks celebrating their 50th wedding anniversary!?! (YAY mom + dad) Maybe it's PRIDE🌈 month and the feeling of togetherness in a wonky landscape. Maybe it's all of you, helping me have my best YTD yet in this wild business (thank you). "My cup runneth over." 

My hope is you're feeling fulfilled as well. May you enjoy a summer filled with family & fun, poised to take on whatever lies ahead in the back half of the year. 

Expectations and predictions for what may come seem to be continually revised, extended, vary in grandeur and severity, Debt ceiling talks, Fed speak. Employment numbers rather strong. Tech rallying the Nasdaq. Crypto under the SEC's gun. LIV and PGA merger😲 And now Canadian wildfires filling the air. I'm not telling you things you don't already know. This just scratches the surface ahead of an election year that will either be reality television worthy or watching paint dry...or a car wreck! So why point this out? Because real estate happens in EVERY market environment, political landscape, boom, bust, or pathogen outbreak. Families grow and shrink, marriage unions, divorce liberations, empty nesters or new parents nesting. Your hyper local market will tell the tale. Make sure your agent is telling you that story. If you need an agent in your area, chances are I have a recommendation as I spend quite a bit of time talking shop with Compass agents all across the country to identify trends, learn, grow and unite. 

Our local data supports what I've been telling some of you in our conversations. Closings in Davidson County (Nashville) and Williamson County (Brentwood/Franklin) were up roughly 27 and 36 percent MoM respectively. YEAH...!!! New listings and properties going under contract in both market centers were relatively flat, but let's celebrate the win. Buyers, you pulled the trigger in March and April! (Assuming 30 day closings) There may not be a TON of inventory, but what's hitting the market that is good, ready and priced correctly is GOING! For all of you Sellers, thinking you're going to get what the Jone's got for their place last Spring (or more), it may be time for a come to Jesus moment. Let's talk and I can show you DATA about closings that have taken place in the last 30/60 days that will really paint the picture of where you should be. 

You should LOVE where YOU live. Be conservative, but don't be scared. I LOVE this stuff. I LOVE talking about it. Pulling the data. Running the numbers and setting up our game plan. So let's have a chat about your neighborhood, cul-de-sac, street or high rise. 

I look forward to speaking soon.

Local Events

June 7th, 6:30pm

SHANIA TWAIN

Queen of Me Tour
Geodis Park

June 8-11

CMA FEST

CMA Fest is the Ultimate Country Music Fan Experience in Nashville, Tennessee June 8-11, 2023! Buy FOUR-NIGHT STADIUM PASSES for access to nightly concerts at Nissan Stadium featuring the biggest stars in Country Music.

JUNE 13TH, 7PM

DURAN DURAN

Icons of British music
Bridgestone Arena

JUNE 15-18TH

BONNAROO MUSIC FESTIVAL

Bonnaroo is...Thousands of happy campers. 700 acres of Tennessee nature. 100+ epic performances on multiple stages. 4 of the best days ever. An escape into Excitement. Music. Art. Discoveries. Trees. Fresh Air. Green Grass. Friends (Old / New). Adventure.

JUNE 16 & 17TH

KRISTIN CHENOWETH

Chenoweth will be joined by musical director Mary-Mitchell Campbell, a conductor, composer, and music director for many Broadway shows (Mean Girls, The Prom). Presented by Studio Tenn and Tennessee Performing Arts Center, Cabaret On Stage is a series of four intimate evenings on TPAC’s Jackson Hall stage with the most accomplished and award-winning performers from Broadway, film, television, and more.

JUNE 24 & 25TH

NASHVILLE PRIDE FESTIVAL

The Nashville Pride Festival is proud to announce the Equality Main Stage entertainment lineup including FLETCHER, Fitz and the Tantrums, Saucy Santana, Cassadee Pope, Miki Ratsula, Lauren Sanderson, Corook and more scheduled to perform throughout the weekend.

JUNE 24TH, 8PM

TORI AMOS

Trailblazing musician, author and activist Tori Amos announced a US tour this summer to continue celebration of her highly acclaimed 2021 album, Ocean to Ocean.

JUNE 25TH, 7:30PM

THE MUSIC OF LED ZEPPELIN W/ THE NASHVILLE SYMPHONY

Notable in Nashville

Belmont-Hillsboro

2409 Oakland Avenue

5 BD   4 BA   3360 SF   $1,925,000

This contemporary-styled historic bungalow sited high above the street with delightful front porch views represents a wonderful opportunity to own a classic turn-key home in the coveted Belmont-Hillsboro neighborhood. Featuring high ceilings, period details, two main-level home offices, five bedrooms, private landscaping and off-street carport parking, this is an excellent offering close to the retail, restaurants and amenities of both Hillsboro Village and 12 South.

Eastwood

2023 Benjamin Street

4 BD   3 BA   3110 SF   $1,495,000

This fully-renovated brick 1920s bungalow features impeccable finishes throughout, from beautiful original hardwood floors, to impressive light fixtures and original charm. The updated interior boast clean lines with an emphasis on natural light & organic materials creating a tranquil & relaxing aesthetic. Outside, the multiple outdoor living areas provide great places to unwind or entertain. Walking distance to bars and restaurants. Primary on main, featuring a stunning shower with handmade Moroccan tiles and a spa like stone soaking tub. Laundry up and down. Two large bonus spaces upstairs along with two bedrooms with walk-in closets. Inside Lockeland priority zone.

Lockeland Springs

1808 Lillian Street

4 BD   4 BA   3786 SF   $1,575,000

Liveable Luxury on Lillian. This approachably opulent home in Lockeland Springs is three doors down from Shelby Park. • Historical features of this 1900s-era home are honored throughout • Impeccable details include two original fireplaces, coffered ceilings, exposed brick + dedicated office. Kitchen suited for a chef is complete with Fisher & Paykel stove, vented hood, pot-filler + wet bar. Primary bedroom is on the main level which is accented by millwork, transom windows + spa-like primary bathroom. A free-standing soaker tub, herringbone tile floors + oversized shower. Upstairs provides second living space with skylights and is currently being used as media room, dining + den with access to back deck. Oversized two-car garage with potential expansion space above.

In case you missed it

> The biggest cities are now more sought-after than ever before: Manhattan and even crime-challenged downtown Chicago have exceeded their pre-pandemic populations. London now probably has more than 9 million inhabitants, its highest number ever. Greater Paris has a record 12.4 million. (FT)

> Total US credit card debt stood at $986 billion in the first quarter of 2023, up 20% from a year ago.....now with higher interest rates. (CNBC)

> About 77% of San Francisco residents surveyed recently say their city is heading in the wrong direction, with crime and street cleanliness among the major concerns, according to a poll commissioned by the local chamber of commerce.

> A bill that’s advanced through the Connecticut Senate would require high school students to take financial literacy courses before they graduate. There are now 15 US states that guarantee all their high schoolers will take at least one semester of personal finance before crossing the graduation stage! They are:
Alabama (existing), Florida (2027), Georgia (2025), Iowa (existing), Michigan (2028), Mississippi (existing), Missouri (existing), Nebraska (2024), North Carolina (existing), Ohio (2025), Rhode Island (2024), South Carolina (TBD), Tennessee (existing), Utah (existing), Virginia (existing)

> The Supreme court ruled that the federal government was wrong to use the Clean Water Act, a key 50-year-old piece of legislation to prevent pollution seeping into rivers, streams and lakes, to prevent an Idaho couple building over the wetland beside Priest Lake, which in effect overhauls the definition of whether wetlands are considered “navigable waters” under the act and are therefore federally protected. (Guardian)

> 1 in 5 housing projects have been delayed or canceled owing to shortages of electrical transformers. There is now an over-supply of lumber, appliances etc, but transformers were overlooked.... (WSJ)

> Goldman Sachs reduced the odds of recession in the next 12 months to 25% from 35%. Other forecasters have pushed the possible starting date for a downturn further out, toward the end of 2023. And some even think the U.S. is likely to avoid a recession altogether.

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 can easily source and vet a colleague of mine nationwide, in your local market.  Let me do the work. 

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.