Nashville luxury homes for sale and first quarter 2016 market report – 162 Nashville luxury homes sold during the first quarter of 2016, compared to 155 during the same period in 2015, just a slight increase of 4.5%. The average price of luxury homes sold during the first quarter of 2016 was $1,184,075. For the record, I’m considering luxury homes in Nashville as $800,000 and over.
- 604 Nashville luxury homes are listed in the Nashville MLS
- 218 Nashville luxury homes are currently under contract
- the list price to sales price ration of homes sold in this price range was 97%
- The absorption rate for Nashville luxury homes based on first quarter sales and current inventory is 11 month
The breakdown for neighborhoods with Nashville luxury homes that sold in the first quarter of 2016 was
- 12 south
- Belle Meade
- Brentwood country club
- Cherokee Park
- CromwellFairvue Plantation
- Forest Hills
- Franklin Equestrian
- Green Hills
- Hurstbourne Park
- Leipers Fork
- Oak Hill
- Princeton Hills
- Stockett Creek
- The Grove
- Tuscany Hills
- 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. It’s probably no surprise to some that during the summer months we start to see sales of homes on the lake in Hendersonville and Gallatin, since Old Hickory is the only lake in the area with personal boat docks.
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(all data current as of 8/20/2019)
Listing information deemed reliable but not guaranteed. Read full disclaimer.