Nashville Luxury Homes Market Report for January 2012 – shows that activity is increasing in the catagory with 16 closings compared to 10 the previous January. The average sales price for Nashville luxury homes was also up significantly to $1,798,565 compared to $1,115,120. What these statistics are telling us is that not only are more Nashville million dollar homes being sold, but multi-million dollar homes are now starting to sell.

The most expensive home sold was 18,000 square feet and located in Green Hills. The selling price was $5,300,000. Two homes sold in Laurelbrooke, a gated community in Franklin for over $3,000,000, and 2 luxury homes sold in Annandale in Brentwood. For home buyers who are new to the area, almost all of the Nashville luxury homes are sold in areas directly south and west of Nashville in Belle Meade, Brentwood, and Green Hills.

• 16 Nashville luxury homes sold in January 2011 compared to 10 the previous January
• the average sales price of Nashville luxury homes was $$1,798,565
• the size of homes sold was 7,149 square feet
• 17 Nashville luxury homes are currently pending
• 338 Nashville luxury homes are listed in the Nashville MLS as available for purchase
• the absorption rate for Nashville luxury homes is 21 months based on January sales

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