The Chronicle of Mt. Juliet

2019 Business Review

Agee & Johnson Realty and Auction

The Chronicle of Mt Juliet  I  2019 Business Review

Your community's trusted realty and auction company!

Serving the Middle Tennessee area, their team is committed to the successful outcome of your real estate transaction. The Agee & Johnson Team, located at 728 West Main St., Lebanon, Tennessee, has a legacy of more than 30 years in the real estate industry. They focus on the needs of their client, a smooth transaction and a successful outcome. 

Trusted. Experienced. Respected

Agee & Johnson Realty and Auction is experienced in all facets of the real estate transaction. From the first time home buyer to the commercial development, they have an agent that can help with: Residential Home Sales, First Time Home Buyer, New Home Construction, New Homes, Residential Lots, Buyers or Sellers Agent, Multi-family Units, Farms, Acreage Tracts, and Commercial.

Highly desirable lakefront or lakeview property is eagerly sought after in Middle Tennessee. The Agee & Johnson team can work with you on finding the perfect acreage or lot size at one of the watershed areas such as Old Hickory Lake, Percy Priest Lake, Center Hill, Dale Hollow, and Cordell Hull.

Although their team of Realtors can assist with your buying and selling needs in all areas of Tennessee, they focus on the Middle Tennessee area. They know these communities and want to show you the area: Lebanon, Mt. Juliet, Watertown, Carthage, Smithville, Alexandria, Hartsville, Gallatin, Murfreesboro, Nashville, Franklin and many more.

Nashville anchors the Middle Tennessee market with ease of access with all modes of transportation. 

Planes. Trains. Automobiles

Nashville International Airport is located on the east side on Davidson County off of Interstate 40. Lebanon Municipal Airport is a short 20 minute drive from Nashville International Airport. Both airports have convenient access to all areas of Middle Tennessee via I-40, I-24, I-65 and I-840.

The Music City Star is the commuter rail service from Lebanon to Nashville, serving as the major mode of transportation via light rail.

Having three major highways intersecting in Middle Tennessee, they are centrally located. Fifty percent of the U.S. population lives within 650 miles and 12 million people live within a 2.5 hour drive. There are only six U.S. cities where three major interstate highways converge.

Quality of Life is a major draw to the area. Wilson County has the largest quantity of Century Farms and is a picturesque community with ease of access to the capital city of Nashville — Music City USA. Watertown is one of the most famous small towns, not only well known for its beauty, farms and step back in time Town Square, but on any day you may see a movie crew shooting the hottest music video or a local celebrity walking down Main Street. 

Still want to be close to Nashville but not live on a working farm? Look to Lebanon or Mt. Juliet. Modern amenities. Lebanon is the home of Cracker Barrel and many others have found their way to Middle Tennessee. Cumberland University, founded in 1842, is a private independent university. Vanderbilt Wilson County Hospital, located in Lebanon, and TriStar Mt. Juliet ER service the community's medical needs.

Agee & Johnson are an experienced Tennessee Real Estate and Auction service company. Specializing in residential and commercial auctions, they can address all of your auction needs. Their team understands auction marketing and will assist in valuing and liquidating your personal property and real estate. They will visit with you and meet you for an in-home consultation for a residence, estate, land or farm auction. Auctions are fast and efficient ways to reduce time on the market and creates a scheduled date for the property to sell.

Agee & Johnson Realty and Auction can assist you with your residential or commercial real estate needs.

Hot Housing!

How does Wilson County Compare

Lebanon Democrat  I  November 2019 Real Estate Review  I  Helene Singer Cash

Living in Middle Tennessee we have seen new home construction continue to grow for the past several years.  With an average of 82 people moving to Nashville and surrounding communities every day, there is no doubt that housing will continue to grow.  Metro Planning estimate that 1 million more people expected to move to Middle TN by 2040, as reported by News Channel 4.

Nationally, the 2019 housing market was defined by limited inventory.  Yahoo! Money defined the three major trends - Older Buyers with a median age of 47, Seller Tenure with a record 10 years of living in their homes prior to selling and Fewer New Home available in the market.  All indicators of a slowing housing market nationally. 

According to the National Association of Realtor’s 2019 report on home buyers and sellers, sellers are staying in their homes longer and buyers are getting older; while, new homes comprise the smallest share of overall sales.  Multigenerational homes are on the rise at 12% of the homes purchased.  We are seeing a shift in buying habits and structure. 

How do these National Trends stand up to Middle Tennessee and Wilson County’s growth?

Is the hot housing market in Nashville or Middle TN recession proof?  According to the study completed by real estate company Redfin,  the Top 50 U.S. Metro areas, Nashville is one of the cities most at risk of being hit hard by a potential recession. However, local real estate experts say that may not be the case.

With all of the growth happening in Middle Tennessee, it doesn’t look as if the market is slowing.  Technically, a recession is two consecutive quarters (6 months) of stagnant or negative growth and we cannot see this in the near future of Middle TN; and Nashville and Middle TN have not seen any indication that growth is coming to a stand still. To better understand how Redfin quantified the score, click here for the full report. 

Just this summer, the Nashville market was ranked 9th among the Top 10 Markets for Home Buyers as ranked by Realtor.com.

"The U.S. housing market has largely favored sellers over the last several years as a result of the record-breaking low inventory and red-hot demand that led to intense competition and fast-rising home prices. However, we're now seeing some metros buck this trend," Danielle Hale, realtor.com®'s Chief Economist, said in an Associated Press report. "Slowing sales and growing inventories have caused months supply to increase in many markets across the country.  These buyer-friendly markets are areas where inventory already outpaces sales relative to other large markets and they are continuing to move in a buyer-friendly direction, but they're not the only areas trending this way," Hale said.

Nashville & Middle TN continue to maintain the growth as being a strong housing market that started close to 10 years ago.  According to Marco Santarelli with Norada "Nashville properties have a track record of being one of the best long term real estate investments in the U.S. Based on the last twelve months, real estate investors based in Nashville have found good returns on their investment. Nashville real estate appreciation rates in the latest quarter were at 1.31%."

Wilson County continues to trend well above the National Trend  above the Nashville - Middle TN trend.  The median list price of homes in Wilson County was $359.9 in October 2019, trending up 2.8% year over year.  The median listing price per square foot was $152 according to realtor.com.

The growth trend in 2019 and looking into 2020 has not slowed.  Wilson County fiscal year 2017/2018, 1324 new single family residential unit permits were issued.  In the first quarter of the 2019/2020 fiscal year, July 1 - September 30, 2019 over 1400 new permits were issued.  These permits may be a bit larger in the first quarter due to an increase in the Adequate Facilities Tax being raised, but there is no doubt that the growth is not slowing any time soon.

It appears that in the near future, Wilson County will be ahead of the growth curve, leading Middle Tennessee and surrounding areas as a highly desirable area to live, work & play.

Article first appeared in the Lebanon Democrat, November 23, 2019, Real Estate Review.

Lebanon Christmas Parade Party

You are Invited ...

Don't miss the Lebanon Christmas Parade on Sunday December 1 at 1:30.

We will have Christmas goodies, hot chocolate, coffee, tents, tables, chairs and Christmas music... just bring your family and friends to enjoy the 2019 Lebanon Christmas Parade!

The parking lot will be closed off on West Main, so be sure to enter from the back of the office at 727 Spring Meadows Lane, Lebanon, TN 37087.  See the back entrance directions for your parade party parking convenience.  See you at the Parade Party!

You won't want to miss the Parade Fun and the arrival of Santa

Parade Legacy

The Lebanon Parade is hosted by the Lebanon Wilson County Chamber of Commerce. As the City of Lebanon celebrates 200 years, the theme of the Christmas parade is "A Hometown Christmas." The parade is held on the first Sunday in December at 2:00 p.m. A kid-friendly event and all are invited to attend.

Jay White Elected

Vice President for Tennessee Auctioneers Association

We are pleased to announce that Jay White, Broker, Auctioneer and Owner of Agee & Johnson Realty and Auction has been elected to office of Vice President for the Tennessee Auctioneers Association. New officers were elected at the 2019 TAA Convention held in Nashville, TN.  Patti Baldini was elected President, Ritchie Broyles and Eddie Ables were also newly elected to the Board of Directors.  Congratulations to all.

Jay was also inducted into the 2019 TAA Hall of Fame.  As a long time member, he started his career as an Auctioneer in 1987.  His high standards and integrity are well known in the Auction world. 

Jay is consistently sought after for his ability to understand the highest and best potential when working with land development and land division.  No matter if taking a single large parcel of land and turning it into a multi parcel development, Jay not only has the vision but also can walk the land owner through the very detailed process.  A few of the high-profile land division projects were Starstruck Farm and Belle Isle Plantation.

Please assist us in congratulating Jay with his newest accomplishment.

For more information about the Tennessee Auctioneers Association, go to their website www.TNAuctioneers.com.  The Mission of the TAA - The Tennessee Auctioneers Association (TAA) is a professional organization supporting the auction industry. We promote high standards and encourage members to practice the highest principles of integrity in their auctioneering profession. Members agree to work uniformly to remain competitive in the auctioneering profession.

Public Remarks: This cabin in Four Seasons is a great get away home. Connect with the family with all the amnesties four seasons has to offer as well as the marina not too far from home for summer lake fun! This is a personal Interest listing. Please call anytime for showings!

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