Nashville Luxury Homes Update December 2014

Nashville Luxury Home

Nashville Million Dollar HomeNashville luxury homes for sale and December 2014 market report – 34 Nashville luxury homes sold during the month of November 2014 compared to 27 during the same period last year. The average sales price of Nashville luxury homes was $1,516,578 in November.

  • the list price to sales price ratio of sold Nashville million dollar homes was 95%
  • the average days on market for sold homes is down to 93 days
  • 454 Nashville million dollar homes are listed in the Nashville MLS
  • 44 Nashville million dollar homes are currently pending sale
  • The absorption rate for Nashville luxury homes based on November sales and current inventory is 13 months

The breakdown for neighborhoods with Nashville luxury homes that sold in November are

Nashville luxury homes sales have been improving , but as you can see, the inventory levels allow buyers a lot of leverage to negotiate a better price.

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Nashville Luxury Homes for sale
For the most-up-to-date information on Nashville home values, then we urge you to contact us. We can assist you with all aspects of buying or selling real property in this and other neighborhoods in the Nashville Metro area. Also ask to be placed on an instant notification system when any new Nashville MLS listings come on the market or price reductions in Nashville are posted.

 

See all Luxury Homes.
(all data current as of 1/27/2015)

  1. 5 beds, 4 full, 2 part baths
    Home size: 5,632 sq ft
    Lot size: 30,927 sqft
    Listed with Rasbury Realty
    Broker reciprocity icon
  2. 5 beds, 5 full, 1 part baths
    Home size: 4,929 sq ft
    Lot size: 23,522 sqft
    Listed with Vastland Realty Group, LLC
    Broker reciprocity icon
  3. 5 beds, 5 full, 2 part baths
    Home size: 4,940 sq ft
    Lot size: 1.10 ac
    Listed with PARKS
    Broker reciprocity icon
  4. 4 beds, 4 full, 1 part baths
    Home size: 4,014 sq ft
    Lot size: 2,178 sqft
    Listed with Freeman Webb Co., REALTORS
    Broker reciprocity icon
  5. 6 beds, 6 full baths
    Home size: 5,200 sq ft
    Lot size: 26,571 sqft
    Listed with Christianson, Patterson, Courtney & Associates
    Broker reciprocity icon

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 

Nashville Homes December 2014

Kitchen in a Nashville Luxury home

NolensvilleHomeNashville homes December update – 2085 Nashville homes sold in November at an average price of $215,000. The absorption rate is still low at 4 months even in the beginning of winter, Nashville real estate is still in a sellers market.

  • 2085 homes sold in the month of November compared to 1953 during November of last year, an increase of 6.7%
  • The average sales price of homes sold was $215,000 compared to $195,000 last year, an increase of 10.2%
  • inventory of available homes is down 7.7% to 8694 homes
  • 248 Nashville condos sold during the month, an increase of 11.7%
  • the average sales price of Nashville condos was up 10% to $165,256
  • inventory levels of Nashville condos are down 25.4% to 902 units
  • The absorption rate for Nashville condos based on November sales is 3.6 months

Year to date, Nashville homes sales are up 6.9% compared to last year with 30,341 closings through the end of November. Every indication is that the market will continue to be strong as job growth continues in the Nashville area.

 

Nolensville homes search

For the most-up-to-date information on Nashville homes prices, then we urge you to contact us. We can assist you with all aspects of buying or selling real property in this and other neighborhoods in the Nashville Metro area. Also ask to be placed on an instant notification system when any new Nashville homes come on the market or price reductions in Nashville homes are posted.

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information on this page is based on information on Nashville real estate per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed. This post is the property of Larry Brewer of Benchmark realty representing buyers and sellers of Nashville real estate including the surrounding areas of Franklin, Brentwood, Spring Hill, Murfreesboro, Green Hills, and Belle Meade.

See all Nashville $300,000 to $400,000.
(all data current as of 1/27/2015)

  1. 3 beds, 3 full baths
    Home size: 1,884 sq ft
    Lot size: 13,939 sqft
    Listed with Village Real Estate Services
    Broker reciprocity icon
  2. 4 beds, 3 full, 1 part baths
    Home size: 2,234 sq ft
    Lot size: 6,098 sqft
    Listed with RE/MAX Choice Properties
    Broker reciprocity icon
  3. 3 beds, 3 full, 1 part baths
    Home size: 2,704 sq ft
    Lot size: 6,969 sqft
    Listed with Crye-Leike, Inc., REALTORS
    Broker reciprocity icon
  4. 3 beds, 3 full baths
    Home size: 1,795 sq ft
    Lot size: 9,147 sqft
    Listed with Pilkerton Realtors
    Broker reciprocity icon
  5. 4 beds, 3 full baths
    Home size: 3,414 sq ft
    Lot size: 17,859 sqft
    Listed with Benchmark Realty, LLC
    Broker reciprocity icon

Listing information deemed reliable but not guaranteed. Read full disclaimer.