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Tennhouses

Nashville Real Estate

Larry Brewer

Office 615-371-1544 - Mobile 615-512-7853

Nashville Luxury Homes Market Report July 2013

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Nashville Luxury Homes for sale and July 2013 market report – 34 Nashville luxury homes sold during the month of June, an  increase of 21% over the 28 closings of June last year. The average price of Nashville luxury homes is increasing, but not at a rapid pace with the median price of homes sold in June at $1,260,250 compared to $1,217,500 last year, and the median size of Nashville luxury homes sold increased from 5872 square feet last year to 6317 square feet this year.

  • 34 Nashville luxury homes sold in the month of June
  • the median sales price of homes listed for more than a million dollars was $$1,260,250
  • the average days on market for sold homes is down to 128 days
  • 449 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

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.

 

Search for Nashville Luxury homes here

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Nashville Condo Market Report July 2013

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Nashville Condos for sale and July 2013 market report – Sales of Nashville condos increased 22% in June compared to June of 2012, with 343 closings compared to 167. We are now in a sellers market with absorption rate down to 5 months. so buyers need to be aware that the better units will have multiple offers.

  • 231 Nashville condos sold in June compared to 282 the previous June
  • the median sales price was $159,000 compared to $160,000
  • the absorption rate based on Junel sales and the current inventory is now 5 months
  • 1293 Nashville condos are currently listed in the Nashville MLS

Search for Nashville Condos for sale here

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

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Burton Hills Condos and Burton Hills Homes July 2013

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Burton HillsBurton Hills Condos and Burton Hills Homes for sale and market report July 2013 –

3 Burton Hills condos sold during the month of June with the average price being $236,800 and the average size was 1427 square feet with 2 bedrooms and 2 baths. The average days on market for Burton Hills condos was 93, and with only 5 Burton Hills condos listed in the MLS at this time, the absorption rate is less than 2 months. The list price to sales price ratio was 98%.

3 Burton Hills homes sold during the month of June at an average price of $505,106, and the average size of homes sold for the month was 3593 square feet, and the average days on market was 63. Just like the condos, Burton Hills homes have a very short supply with only 6 currently listed in the MLS. The list price to sales price ratio of Burton Hills homes sold in June was 96%.

  • the average sales price of Burton Hills condos sold in June was $236,800
  • the average size of condos sold was 1427 square feet
  • the price of Burton Hills homes sold was $505,106
  • the average size of homes sold in Burton Hills was 3593 square feet
  • the absorption rate of Burton Hills homes and Burton Hills condos is 2 months

Search for Burton Hills real estate here

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Nashville Real Estate Market Report July 2013

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Nashville luxury homeNashville real estate market statistics July 2013 – Sales of Nashville real estate increased 23.8 percent in June compared to June or 2012 according to the Greater Nashville association of realtors. The median price of Nashville real estate also increased in the last 12 months with the median price of homes increasing 13%.

  • 2548 Nashville homes sold in July compared to 2066 last year, an increase of 23%
  • the median sales price of Nashville homes sold was $205,950 compared to $182,000 last year, an increase of 13%
  • 343 Nashville condos sold for the month compared to 282 last year
  • The inventory of Nashville homes available is down 11% compared to last June
  • the absorption rate for Nashville real estate is down to 4 month signaling a sellers market
  • average days on market is down to 73 days

Search for Nashville Homes or Nashville real estate here or use my site for mobile users at www.Nashvillehomes.mobi

Nashville Homes Search

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Popular Nashville Neighborhoods

Abbottsford Annandale Avalon
Belle Meade Burton Hills Crieve Hall
Courtside Cool Springs Dallas Downs
Evergreen Falcon Creek Fieldstone Farms
Forest hills Forrest Crossing Franklin Green
Governors Club Green Hills Laurelbrooke
Ladd Park Mcgavock Farms Mckays Mill
Montclair Luxury Homes Murfreesboro
Nashville MLS …. Brentwood Pointe… Polk Place
Princeton Hills Providence Raintree Forest
Riverwalk Sullivan Farms Sylvan Park
Wades Grove Wakefield Westhaven

 

Green Hills Real Estate and June 2013 Market Report

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Green Hills Real Estate and June 2013 Market Report- The number of homes sold in Green Hills during June increased by 33% making Green Hills a sellers market. The prices of Green Hills homes are trending up with the median price now at $555,000 compared to $499,000 last June, an increase of 10%. The absorption rate of Green Hills real estate is now below 4 months based on June sales and available inventory, and days on market is down to 64.

Green Hills homes are always very popular for those who work in downtown Nashville or attend one of the many universities in the area. With great shopping and dining at the Mall at Green Hills, and several outstanding parks just few miles away, it’s a great place to live. Search for Green Hills homes here

 

For the most-up-to-date information on Green Hills 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 MLS.

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Nashville Luxury Homes Market Report July 2013

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Nashville luxury homeNashville Luxury Homes  July 2013 market report – 30 Nashville luxury homes sold during the month of June, an increase of 7% compared to the same month last year. The average price of Nashville luxury homes is increasing, but not at a rapid pace with the average price of Nashville luxury homes sold in June at $1,404,377 compared to $1,405,055 last year, and the average size of Nashville luxury homes sold increased from 6,361 square feet last year to 6755 square feet this year. The average price per square feet was $208.

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. 19 of the 30 luxury homes sold were in Williamson county in Brentwood or Franklin, where the cost per square feet is usually around 20% lower than it is in Belle Meade or Green Hills.

The breakdown for neighborhoods with Luxury homes that sold for more that a million dollars are as follows

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.

 

Search for Nashville Luxury homes here

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