Our little town of Nolensville, TN has been steadily growing for years now, but it seems like the pace of change could accelerate rapidly pretty soon. Not only are neighborhoods like Bent Creek, Silver Stream and Nolen Park continuing to develop, but even with all that activity it looks like there aren’t enough Nolensville homes for sale to keep up with all the demand out there.
It’s not just our personal impression that Nolensville is growing like gangbusters; local experts are looking at our town as one of the hottest real estate markets in the area. Here are selected excerpts from a recent article at the Tennessean:
Jennifer Blackstock at Keller-Williams is among those checking the daily “hot sheet” of new listings to help their buyers find what they’re looking for.
“We’re getting houses sold before we can even get the marketing fliers back from the printer,” she said.
In a recent online market report, Larry Brewer of Benchmark Realty said inventories in Thompson’s Station and in Nolensville have created “an extreme seller’s market” that is bound to lead to significant price increases in the next few months.
“When the economy turned down, houses became more affordable in Franklin and Brentwood,” said Brent Beard, another Benchmark agent, who has been busy in Nolensville. “Now, prices have gone back up, but there are still a lot of people who want to live in Williamson County.
“In Nolensville, people get a great value compared to Brentwood, and they still get the (Williamson County) schools.”
On Tuesday there were 107 houses for sale in Nolensville, and Beard believes this market could absorb them all.
“Nolensville,” he said, “is on the verge of exploding.”
These are pretty exciting quotes, and they are also bolstered by the data. By one measure, Nolensville is the 14th fastest-growing town out of 429 in Tennessee, with median household income and home values ranking 9th and 12th respectively.
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Anecdotal evidence backs up the boom
We moved to Nolensville in 2005, at first renting a house in the Bent Creek neighborhood before deciding to build our own house there a couple years later. We took advantage of the last open lot that backed up to a green space, and we couldn’t be happier with things have worked out (such as the recent addition of a dog park nearby). I remember how back in 2007 & 2008, when the financial crisis hit, building activity slowed down somewhat in our subdivision, but things have picked up once again in the last few years, as Bent Creek is both filling up and growing out in new directions.
Sure, there’s a balancing act which needs to be performed to manage that growth without destroying the character of our town, but so far, things are working out well. With new businesses opening up on a regular basis and a new high school coming in the next few years, I’d say the boom in Nolensville is only just getting started.