Nashville luxury homes for sale and May 2017 market update – 42 Nashville luxury homes sold during April of 2017 at an average price of $1,436,494 with the most expensive home sold for the month was a 10,000 square foot home on 2 acres in Belle Meade. For the record, I’m considering luxury homes in Nashville as homes over one million dollars in asking price.
- 553 Nashville luxury homes are listed in the Nashville MLS
- 53 Nashville luxury homes are currently under contract
- the average days on market for sold homes was 86 days
- the average price per square foot for sold homes was $255
- the list price to sales price ration of homes sold in April in this price range was 96%
- The absorption rate for Nashville luxury homes based on April sales and current inventory is 13 months
The breakdown for neighborhoods with Nashville luxury homes that sold in during October was
- Bancroft
- Belle Meade
- Brentwood
- Forest Hills
- Franklin Equestrian
- Governors Club
- Green Hills
- Hideaway at Arrington
- Morgan Farms
- Oak Hill
- Princeton Hills
- The Grove
- Westhaven
The best luxury homes in the million dollar and over price range are now getting a lot of activity and it looks like this will be the best year for luxury home builders in many years. With the growth of Nashville and the surrounding areas projected to average around 50,000 people per year for the next 20 years, you can expect an increase in luxury homes sales to continue to increase along with the population.
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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.
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