Nashville luxury homes for sale and June 2015 market report – 51 Nashville luxury homes sold during the month of May 2015, compared to 37 during May of 2014, an increase of 38%. The average sales price of Nashville luxury homes was $1,504,917, and the average size of homes sold was 5880 square feet
- the list price to sales price ratio of sold Nashville luxury homes was 96%
- the average days on market for sold homes was 89 days
- 482 Nashville luxury homes are listed in the Nashville MLS – The most I’ve seen in a long time
- 52 Nashville million dollar homes are currently pending sale
- The absorption rate for Nashville luxury homes based on May sales and current inventory is down to 9 months.
The breakdown for neighborhoods with Nashville million dollar homes that sold in May are
- 12 South
- Belle Meade
- Cherokee Park
- Edenbrook Estates
- Forest Hills
- Franklin Equestrian
- Franklin Historic
- Governors Club
- Green Hills
- Hampton Reserve
- Hidden Valley
- Hillsboro Village
- Hillwood estates
- Leipers Fork
- Magnolia Vale
- Mcgavock Farms
- Oak Hill
- Richland Woods
- Princeton Hills
- Stockett Creek
- The Grove
- Tyne Meade
- West Meade
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. Due to the availability of lots, we can expect the trend of mostly Brentwood and Franklin luxury homes will dominate new construction. However in some area of west Nashville in Belle Meade, Green Hills, Forest Hills, Oak Hill, and 12 South, and now even Germantown, old homes are being replaced by new luxury homes, and we can expect that trend to continue as the demand increases.
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(all data current as of 8/20/2019)
Listing information deemed reliable but not guaranteed. Read full disclaimer.