Nashville luxury homes – 61 Nashville luxury homes sold during October of 2016 compared to 31 for the same period last year, an increase of 97% year over year. The average price of luxury homes sold during October was $1,784,579. For the record, I’m considering luxury homes in Nashville as homes over one million dollars in asking price.
- 593 Nashville luxury homes are listed in the Nashville MLS
- 48 Nashville luxury homes are currently under contract
- the list price to sales price ration of homes sold in this price range was 96%
- The absorption rate for Nashville luxury homes based on October sale and current inventory is 10 month
The breakdown for neighborhoods with Nashville luxury homes that sold in during October was
- 12 south
- Belle Meade
- Carolina Close
- Forest Hills
- Franklin Equestrian
- Governors Club
- Green Hills
- Legends Ridge
- Leipers Fork
- Mcgavock Farms
- Oak Hill
- Princeton Hills
- Stockett Creek
- The Grove
- 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. 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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(all data current as of 12/15/2019)
Listing information deemed reliable but not guaranteed. Read full disclaimer.