Nashville luxury homes for sale and November 2014 market report – 27 Nashville luxury homes sold during the month of October 2014 compared to 36 during the same period last year. The average sales price of of Nashville luxury homes was $1,495,821 in October.

• the list price to sales price ratio of sold Nashville luxury homes was 92.7%
• the average days on market for sold homes is down to 100 days
• 415 Nashville luxury are listed in the Nashville MLS
• 39 luxury homes are currently pending sale
• The absorption rate for Nashville luxury homes based on October sales and current inventory is 15 months

The breakdown for neighborhoods with luxury homes that sold in October are

• Bancroft
• Belle Meade
• Forest Hills
• Governors Club
• Green Hills
• Hillwood
• Hounds Run
• Laurelbrooke
• Montclair
• Oak Hill
• Otterwood
• The Grove
• West Meade
• Windstone

Nashville luxury homes had been improving every month, but October was slower than the same month last year. I suspect it had to do with the long winter cold winter that delayed the start of construction on any new homes scheduled to be built this year. If November showing an increase, that I can say I was right, if now, then the market for million dollar homes in Nashville may be changing.

Search for Nashville Luxury homes here

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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