Saturday, June 27, 2015

Nashville Million Dollar Homes - June 2015 Update

Nashville Real Estate - Nashville Homes : Nashville Million Dollar Homes - June 2015 Update
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 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. Find your Nashville luxury home here Nashville Luxury Homes for sale 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.   [idx-listings linkid="256646" count="20" showlargerphotos="true"]  

Wednesday, June 10, 2015

Franklin TN Real Estate for Sale - June 2015

Nashville Real Estate - Nashville Homes : Franklin TN Real Estate for Sale - June 2015Franklin tn HomeFranklin Tn Homes June 2015 market update - 206 Franklin Tn homes closed during the month of May compared to 180 for the same month last year, an increase of 15%. The median price of homes sold in Franklin during the month was $450,818 compared to $403,338 for May of 2014, an increase of 12%. The absorption rate based on May sales and the current inventory is 3.5 months, and the median days on market for sold homes is 47 days. A lot of Franklin TN homes are now getting multiple offers the first day on market, and a good buyers agent is critical to having a chance to compete for the better homes.
  • the median list price to sales price ratio for Franklin Tn Homes in May was 100%
  • 370 Franklin TN homes are pending at this time
  • 725 Franklin TN homes are currently listed in the Nashville MLS as available for purchase, but many are already under contract
  • the absorption rate based on May sales is 3.5 months
Search for Franklin TN homes for sale here


 

For the most-up-to-date information on Franklin TN homes values, then we urge you to contact us. We can assist you with all aspects of buying or selling homes in Franklin and other neighborhoods in the Nashville Metro area. Also ask to be placed on an instant notification system when any new Franklin real estate comes on the market or price reductions in Franklin real estate is are posted.

This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area