Plus, Pinnacle receives naming rights for Nashville Yards venue.
 
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Today’s Forecast

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🏡 Keepin’ it real estate

2024 predictions for Nashville real estate
A photo of rooftops in the Germantown neighborhood with the river in interstate in the background. You can make out the word "Stockyards" on the side of the apartment building home to Bexley Stockyards.
Real estate sales in the Greater Nashville region topped $21 billion in value last year. | Photo by Charley Pangus via Unsplash
There aren’t enough flame emojis on the internet to describe Nashville’s housing market. In 2023, the median home in Davidson County sold for $445,000, which is down just 1% compared to 2022.

Prices show few signs of cooling off. But for those hoping to dip their toes in the home buying waters soon, it helps to know what trends to expect. Put on your floaties, and let’s hear what the local experts predict.

Look out for the ‘burbs

Kevin Wilson, president of Greater Nashville Realtors, said the big story for 2024 will continue to be the rise of suburbs. Though someone’s lifestyle heavily plays a role in where they live, home prices are king when it comes to decision making, and that’s a big factor in making the ‘burbs a desirable choice.

That means areas in Dickson County, the most affordable county surrounding Davidson, could see heavy house buying activity — especially for those who have the ability to do some work from home.

Don’t give up on Nashville

For buyers looking for their own slice of Music City, there are still a lot of pockets in Davidson County neighborhoods that will see big investments. Josh Anderson, owner of The Anderson Group, said the Donelson area is a great example of that with its juxtaposition to downtown, room for development, and opportunity for home upgrades.

He says perhaps the biggest corridor in Nashville that hasn’t undergone many updates yet includes a chunk of Nolensville Road, like Glencliff or Woodbine. Values here continue to do well and the area is close to everything, but it might fly under the radar to future home buyers — think: less competition.

Worth it to wait?

Both Wilson and Anderson agreed it’s not beneficial to wait. “What you pay for a property is permanent,” Anderson said. “Your interest rate can be changed in the future if it goes down.”

Interest rates are expected to drop, with Federal Reserve officials indicating a likelihood of interest rates reducing three to four times in 2024. With that comes an increase in competition from home buyers waiting on the sidelines and a rise in median home sale prices.
More hot real estate tips
 
Events
Wednesday, Jan. 31
  • Hot Chicken Week | Wednesday, Jan. 31-Sunday, Feb. 4 | Times vary | Locations vary | Cost of purchase | Heat things up with the Nashville Scene’s annual Hot Chicken Week, where 30+ restaurants will offer $7 hot chicken specials.
Thursday, Feb. 1
  • Nashville Beauty Bazaar | Thursday, Feb. 1 | 6-9 p.m. | Acme Feed & Seed, 101 Broadway | $7 | Network with area aesthetic providers and learn more about skincare, facials, permanent makeup, and more.
  • The Simon & Garfunkel Story | Thursday, Feb. 1 | 7:30 p.m. | TPAC’s James K. Polk Theater, 505 Deaderick St. | $85+ | The concert-style show chronicles the 1960s American folk rock duo using projection photos, film footage, and a live band.
Friday, Feb. 2
  • Cody Johnson | Friday, Feb. 2 | 7:30 p.m. | Bridgestone Arena, 501 Broadway | $91+ | Join the artist as he brings his “The Leather” tour downtown with special guests Justin Moore and Dillon Carmichael.
Saturday, Feb. 3
  • Kidsville at the Parthenon | Saturday, Feb. 3 | 10:30 a.m. | The Parthenon, 2500 West End Ave. | Free | Kids can participate in activity and craft stations located upstairs before storytelling or special guest programming begins at 11 a.m.
  • Nashville Vintage Market | Saturday, Feb. 3 | 12-4 p.m. | Diskin Cider, 1235 Martin St. | Cost of purchase | Shop local vendors, eat blueberry pancakes, and sip on some cider at this market.
Sunday, Feb. 4
  • Nashville Charity Poker Challenge | Sunday, Feb. 4 | 2-8 p.m. | Fat Bottom Brewing Co., 800 44th Ave. N. | $109 | Enjoy poker, food, beverages, and an opportunity to be named “Nashville’s Best Poker Player,” all in the name of charity.
Events calendar here
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News Notes
Traffic
  • Heads up, drivers. Division Street is, well, divided. A portion of the street at the intersection of Magazine Street collapsed amid construction, bringing what was already a reduced traffic area to fewer lanes. For additional updates on the developing situation, keep an eye on NDOT’s socials.
Development
  • Yesterday, Southwest Value Partners and AEG revealed the name of the new 4,500-capacity entertainment venue coming to Nashville Yards in 2025. “The Pinnacle” was named after Nashville-based Pinnacle Financial Partners, which will relocate its headquarters to the development later this year.
Coming Soon
  • Wine win. Locally-owned Butterlamp Bread & Beverage is coming to East Nashville’s Eastwood Village development — 1101 Chapel Ave. — this spring. The European-esque cafe will feature shareable plates and snacks that change daily. Plus, expect rotating loaves of bread with a sourdough focus. (Nashville Business Journal)
Biz
  • A family-owned Mexican restaurant is expanding outside of Colorado for the first time. Dos Santos is scheduled to open this summer in Wedgewood-Houston’s mixed-use development Finery — 622 Merritt Ave. Don’t miss an all-day happy hour menu on Mondays and weekend brunch. (What Now Nashville)
Eat
  • Chef Sean Brock will introduce the Discovery Menu to his East Nashville tasting-menu restaurant, June, tomorrow, Feb. 1. The new addition is meant to offer a faster, more affordable experience. For $125 a person, guests can taste some of the restaurant’s “greatest hits,” beginning with three fixed courses. (Nashville Business Journal)
Show
  • The Nashville Symphony announced that Brothers Osborne will perform at this year’s Symphony Fashion Show on Tuesday, April 23. The runway show will feature the Fall/Winter 2024 collection of Nepalese American designer Prabal Gurung. General admission tickets go on sale Monday, March 25.
Sports
  • The Nashville Predators and Arizona Coyotes collide on Feb. 10 at Bridgestone Arena for a Saturday night in Smashville. Bring a date to break the ice, or gather your gang for an evening of puck-tastic fun. Tix + details this way.*
Finance
  • One card, all the perks. Unlimited 1.5% cash back, a sign-up bonus worth hundreds, and 0% intro APR for 15 months (all with no annual fee) almost sounds too good to be true — but this card has it all.*
 
Development

💨 There’s a storm brewing downtown

New name, renderings released for Luke Combs bar
An interior room with tables surrounding a stage and two bars on either side. The ceiling has an intricate swirled wood detail made to resemble the eye of a hurricane.
Here’s a look at the interior of The Eye. | Rendering via Opry Entertainment Group
We’ve caught wind that Luke Combs’ downtown bar is set to make landfall this summer as a Category 10.

Inspired by Combs’ chart-topping hit “Hurricane,” Category 10 will span 67,000 sqft and feature five entertainment concepts influenced by the artist’s music and interests:
  • The Honky-Tonk | Street-level honky tonk with live music
  • The Main Stage | Stage and dance floor for ticketed events, line-dance lessons, and more
  • The Sports Bar | Major sports playing year-round
  • The Still | Wide selection of bourbon and performances by singer-songwriters
  • The Eye | 7,000-sqft rooftop facing the Cumberland River and Nissan Stadium
The venue is expected to open in phases at 120 2nd Ave. N. — the former Wildhorse Saloon space.
View 8 more renderings
The Buy

The Buy 1.31.24 (Affiliate + Six & Main)
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The Wrap
 
Skylar

Today’s edition by:
Skylar
From the editor
The Tennessee Titans are partnering with Hands On Nashville for a Titans Together volunteer project at Shelby Park on Saturday, Feb. 24 (9 a.m.-12 p.m.). Volunteers will help mulch the event lawn, plant trees around Naval Hill, remove invasive plants, and more. Register now.
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