Just past the half way mark in 2011, the Terrazzo in the Gulch has sold 17 condos totaling an impressive $6.27 million. Of the 17 recorded sales, 16 were developer owned condos and 1 was a resale (highlighted in blue). There were no foreclosures or short sales during this period. The 117 condo development is now 86.32% sold out. Of the remaining 16 condos, 7 are under contract, leaving 9 total unsold units. Of the 9 unsold condos, 5 are penthouse residences. In other words, if you are an under $800,000 buyer who would like to pursue the Terrazzo, your time is running rather short. On the flip side of the coin, current Terrazzo owners will soon see the inevitable appreciation that comes when a developer sells out of their inventory. Those who secured condos on higher floors with better views will see a greater gain than those who did not. Should you be considering selling your Terrazzo condo, call the most successful condo broker in Nashville. I can give you a true market valuation and recommendation for optimal market arrival.
View the condos for sale in the Terrazzo
Terrazzo Condos Sold in 2011
