YTD Condos Sales in Nashville’s Icon

With slightly more than 7 months gone in 2011, the Icon in the Gulch has sold 59 condos totaling over $17.46 million this year. Of the 59 recorded sales, 9 were resales (highlighted in blue) and 50 were new developer sales. Of the 9 resales, 1 was a foreclosure on the 9th floor. The 419 condo development is now just over 75% sold out. There are approximately 90 unsold developer condos remaining, but as many as 12 may already be under contract. A year ago, the Icon had recorded 51 total sales at this point, 49 were developer owned condos. The Icon is tracking to sell 85-90 total condos in 2011, this would break their record of 84 condos set in 2009 (keep in mind there was a Federal Tax Credit Incentive in 2009). Interestingly, the YTD average price of $275.30/ft is tracking 2.4% lower than this time last year. I’d like to think that my expert negotiating skills has a little to do with this fact. Should you be in the market for a condo in the Icon, talk with the most successful condo broker in Nashville.

View current condos listed for sale in the Icon

Icon Condos Sold in 2011

Icon in the Gulch Condo Sales 2011

  • http://www.granthammond.com/ Grant Hammond

    Update: After speaking with the Developers, they have confirmed that only 65 condos remain available for sale. The rest are pending closing. At this rate, the developer will sell out of this remaining inventory by next Spring.

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