"Everything you want's a dream away..."

🎶🎵🎶🎶🎶

Well, summer has set in and as expected, it's HOT! 🥵 But it would appear not everyone has escaped to the beach or mountains to cool off, as Davidson and Williamson counties both saw 20+ percent increases in closed sales Month over Month. With new escrows relatively flat and minor 5% increases in new listings for the same time period, one could infer buyers are stepping in to absorb some of the 5+ months of inventory that continue to dominate the local and national real estate conversation.

A deeper dive into that inventory shows Nashville currently has 382 homes for sale with an asking price above $2 million. Buyer's purchased or signed contracts on 66 "like kind" properties in the last thirty days, indicating a fairly balanced absorption rate around 17% for the upper band of the market. The sub-two million dollar Nashville market has even more traction with a total 3,512 active listings, with purchased closings or signed deals on 1,813 of those in the last thirty days. Williamson county paints a similar picture with 1,536 properties for sale under $2M and contracts or closings on 755 of those. At the higher end, we see 588 properties offered over $2M, with contracts or closings on 138 of that product in the last thirty days. While a far cry from the frenetic days during the pandemic, we are seeing a market in stabilization, finding it's equilibrium and it's no surprise with interest rates in the mid to upper sixes, the more affordable properties are going at a quicker pace!

I anticipate a mid-summer bounce in activity with clarity on the Big Beautiful Bill, calming middle east tensions, signaling from existing and potentially new Fed chair, as well as runaway inflationary pressures within arms reach. We also see some seasonality at play this time of year as families get settled before the kiddos go back to school next month. Here's hoping!

Praying for all our friends in Texas after last week's horrific flooding causing unthinkable losses. You are in our hearts as are all affected by the latest bouts of natural disasters. ❤️‍🩹

Much love,

Shane

* Met our new nephew, Henry! 🥰 🤗🤩

** 209 (Stockton) representing on Lower Broadway

***Tahoe for my birthday & the 4th! 💙🎇🥳

****Balboozy (Balboa Cafe) 🥂 in SF

*****Trading desk warriors reunite on the West Shore!

Development Spotlight

SANTA ROSA BEACH, FL

Some friends and clients of mine recently completed this FABULOUS new construction luxurious home just South of 30A and steps from the sugar white sands and emerald waters of the Gulf. Six bedrooms, 6.5 bathrooms over 5,100sqft across three meticulously designed and crafted floors + pool and private carriage house.

If you, or anyone you know may be interested, please send them my way for more information.

Please contact me for more information.

Listed by our friends, JIMBO HOLLOWAY

of THE PREMIER PROPERTY GROUP

Local Events

ALL MONTH LONG

Nashville SC

- Philadelphia

- Columbus Crew

- Toronto FC

GEODIS PARK

ALL MONTH LONG

Nashville Sounds

- Sounds vs. Memphis Redbirds

- Sounds vs. Indianapolis Indians

- Sounds vs. Charlotte Knights

First Horizon Park

July 4th

LET FREEDOM SING!

This Fourth of July featured one of the largest fireworks shows in the country, with the pyrotechnics synchronized to a live performance by the GRAMMY-winning Nashville Symphony.

Downtown Nashville

July 5th | 7pm

Elvis Costello & The Imposters with Charlie Sexton

Ryman Auditorium

July 12th | 5pm

UFC FIGHT NIGHT:

Lewis v Teixeira

Bridgestone Arena

July 13th | 7pm

PRIMUS

Onward & Upward Summer Tour 2025 / Ty Segall

The Pinnacle

July 15th | 7pm

KESHA:

The Tits Out Tour

Ascend Amphitheater

July 17th | 7:30pm

THREE DOG NIGHT & LITTLE RIVER BAND

The Pinnacle

July 20th | 7:30pm

GOO GOO DOLLS with

DASHBOARD CONFESSIONAL

Summer Anthem Tour 2025

Ascend Amphitheater

July 22nd | 6:30pm

COLDPLAY: Music of the Spheres World Tour 2025

Nissan Stadium

July 25th | 7:30pm

ALABAMA SHAKES

Ascend Amphitheater

Notable in Nashville

In case you missed it

LOCAL: 

* Built Technologies leases 32,931 square feet at Ashwood 12South. The lease marks a significant milestone for the 12South project, which opened early this year, adding a high-profile fintech firm that has rapidly grown since its 2015 founding. [NBJ]

* New York-based Brookfield Properties paid a collective $146.85 million for multiple industrial sites across Nashville, according to Metro records. The firm purchased the Space Park North complex, located at 101-915 Space Park N., which comprises of nine industrial buildings with around 708,000 square feet of industrial space. [NBJ]

* Chicago-based DAC Developments filed plans for a 53-story hotel and condo tower in SoBro, according to Metro records. The luxury residential tower will offer 104 condos and 405 hotel rooms, according to Metro records. The project will feature a covered public plaza with ground-level retail space, as well as a five-level podium that includes event and meeting space, as well as hotel and condo amenities. [NBJ]

* TMEC Nashville Inc., the group that recently purchased Edgehill Village, paid $10 million for several Music Row properties, according to Metro records. In April, TMEC Nashville paid $50 million for Edgehill Village, the retail and restaurant development just off Music Row that is home to several popular spots including Barcelona Wine Bar, Old Glory, Jack Brown’s and more. The April purchase included two retail developments, totaling nearly 60,000 square feet, on either side of Villa Place, as well as a 0.62-acre parking lot that allows for future development opportunity. [NBJ]

* Miami-based BridgeInvest gave a $25 million loan for Park Place Nashville, a triple-tower development in SoBro led by the Four Seasons developer. The development, led by Dean Stratouly at the Congress Group and Taurus Investment Holdings, will be anchored by New York-based Equinox Hotels in a 36-story tower and will also include a luxury condo tower, as well as a 480-unit apartment building. [NBJ]

* A luxury beach club is set for downtown Nashville. A concept called Nashville Beach Club is slated for a Pie Town site at 800 Sixth Ave S., according to a website for the business. The Nashville Post first reported the news. The venue will offer pool access, lounge areas, live music and events, as well as several food and drink options.

* Oracle has shown a rare sign of movement on its East Bank property, indicating progress being made on its massive future world headquarters. Oracle has filed a request to rezone a portion of the property, where it is planning a $1.35 billion riverfront campus, according to documents filed with the Metro Planning Department.

* Jake Howell, the chef and co-owner of Peninsula, has been named Best Chef: Southeast in the 2025 James Beard Awards.

* The Trimble, launched by Nashville entrepreneur and Army Special Operations veteran Adam Visbeen, is now open at 69 Trimble St.

NATIONAL:

* Doucet, an inventor, discovered that the inside temperature of a house painted black was on average 7 degrees Fahrenheit warmer than a white one. In summer, the white model house was 12 degrees Fahrenheit cooler. Now he has invented a paint that changes color  via a thermochromic response, which refers to how chains of liquid crystals react to atmospheric temperature causing the color to change. Doucet developed a kind of thermochromic pigment containing the crystals and started experimenting with a tin of ordinary house paint and different additives. The result was a substance that could change color by absorbing ultraviolet light (which produces heat) above a certain temperature. (CNN)

* U.S. inflation was tame in May, with consumer prices rising 0.1% over the previous month, defying fears that the effects of tariffs would start to show a rise in prices. (WSJ)

* The Fisher-Price See ’n Say could start debating your toddler. Toymaker Mattel announced a partnership yesterday with OpenAI to use AI technology in its toys and experiences—and to help design them

* In 2024, the average age for Americans to buy their first house reached a record high of 38. What are the pro's and con's of buying a home earlier in life? Pros: Building compounding equity early/forced savings. Predictable housing costs (no annual rising rents). Tax perks. Freedom of expression. Lower price point (home prices and costs to build generally rise over time). Cons: Limited mobility. Lending terms. (Yahoo/NAR)

* “You’ll be able to come to X and transact your whole financial life on the platform,” CEO Linda Yaccarino told the Financial Times, promising that users will have the ability to make investments and trades on the social media site. Owner Elon Musk has long dreamed of turning X into an “everything app” where users can do a lot more than just make fun of Jim Cramer’s financial advice. X already announced last year that it would soon partner with Visa to launch a digital wallet. As the FT noted, though, a deeper push into financial services would likely invite regulatory scrutiny for a company that’s already on thin ice with many advertisers.—AE

* Trucks expanded their share of North American freight hauling from 60% in 2000, to around 75% today.  In 2022, there were 14.33 million single-unit and combination trucks registered (almost triple the number in 2000), according to the American Trucking Associations, about 5% of all registered motor vehicles. Combined they traveled 331.27 billion miles in 2022, with combination trucks accounting for 195 billion miles (BARRONS)

* GE Appliances plans to spend nearly $500 million to shift production of washing machines from China to Louisville, Ky. (WSJ)

* · The Seine River in Paris was reopened to public swimming for the first time in over 100 years.

* Tariffs that were supposed to kick in today have been delayed till August 1 to allow for more time to negotiate trade deals. It is unlikely the FED will move rates till they see 1-2 months of the full impact of tariffs on US prices and inflation. (Economist)

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