Nashville Luxury Homes for sale and May 2013 market report – 21 Nashville luxury homes sold during the month of April, a considerable increase over the 15 closings for March, but still less than the 25 we had last year in April. The average price of Nashville luxury homes is increasing, but not at a rapid pace with the average price of homes sold in April at $1,434,255 compared to $1,408,125 last year, and the average size of Nashville luxury homes sold was just slightly down from 6,755 square feet last year to 6629 square feet this year. The average price per square feet is up from $208 last year to $216 this year.
Analysis of the details shows that the reason the prices prices appear to be stable when they may not be, is that fewer luxury homes sold in the Belle Meade/Green Hills area this year in the price range I’m using for this report of over $990,000. The average price of homes sold in this area are approximately 20% higher in price on average at $1,580,000 compared to $1,327,669 in Brentwood and Franklin. Broken down by square feet it’s even more glaring with the Williamson county homes in Brentwood and Franklin comes costing $189 per square feet and the Davidson county homes in Green hills and Belle Meade costing $271 per square feet.
- 21 Nashville luxury homes sold in the month of April
- the average sales price of homes listed for more than a million dollars was $$1,434,255
- the average days on market for sold homes is down to 140 days
- 430 Nashville million dollar homes are listed in the Nashville MLS as available for purchase
The breakdown for neighborhoods with Luxury homes that sold for more that a million dollars are as follows
- Belle Meade
- Forest Hills
- Governors Club
- Green Hills
- Historic Franklin
- Legends Ridge
- Oak Hill
- Princeton Hills
As you can see, most of the luxury homes sold in the Nashville area are located on the south and west side of the city in Belle Meade, Green hills, or in Brentwood or Franklin. Search for available Nashville Luxury homes here, or if you would like to start construction on a custom luxury home contact me at your convenience. We can determine the best area and builder for your lifestyle.
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(all data current as of 7/22/2014)
$1,249,000 : 6411 Arden Ct, Brentwood5 beds, 4 full bathsListed with RE/MAX Elite
$1,199,000 : 5125 Fire Tower Rd, Franklin5 beds, 6 full, 1 part bathsListed with Synergy Realty Network, LLC
$2,295,000 : 702 Brass Lantern Pl, Brentwood5 beds, 5 full, 4 part bathsListed with Crye-Leike, Inc., REALTORS
$2,980,000 : 1640 Whispering Hills Dr, Franklin6 beds, 6 full, 3 part bathsListed with Worth Properties LLC
$3,249,900 : 703 Belle Meade Blvd, Nashville5 beds, 5 full, 2 part bathsListed with RE/MAX Elite
$1,795,000 : 1202 Chickering Rd, Nashville5 beds, 6 full, 1 part bathsListed with Fridrich & Clark Realty
$1,435,000 : 3707 Wimbledon Rd, Nashville5 beds, 5 full, 1 part bathsListed with Fridrich & Clark Realty
$1,099,700 : 101 Havering Chase, Nashville4 beds, 3 full, 2 part bathsListed with Metropolitan Brokers
$3,675,000 : 1049 Vaughn Crest Dr, Franklin6 beds, 6 full, 2 part bathsListed with Fridrich & Clark Realty
$1,375,000 : 8 Vellano Ct, Brentwood4 beds, 4 full, 2 part bathsListed with Keller Williams Realty
Listing information deemed reliable but not guaranteed. Read full disclaimer.