Nashville Luxury Real Estate - January 2017

Nashville luxury homes - 47 Nashville luxury homes sold during December of 2016 compared to 57 for the same period last year. The average price of luxury homes sold during December was $1,417,752. The least expensive was $1,000,000 and the most expensive was $2,828,000.

• 522 Nashville luxury homes are listed in the Nashville MLS
• 52 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 December sales and current inventory is 11 months

The breakdown for neighborhoods with Nashville luxury homes that sold in during December was

• 12 south
• Belle Meade
• Brentwood
• Historic Franklin
• Fairvue Plantation
• Governors Club
• Green Hills
• Laurelbrooke
• Oak Hill
• Princeton Hills
• Stockett Creek
• Tuscany Hills
• The Grove
• West Meade
• Westhaven

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. Find your Nashville luxury home 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.

Nashville Real Estate Report October 2015

Press This!Closings of Nashville homes increased of 11% year over year in September 2015. The median price of Nashville homes sold increased by 12% to $236,866 according the Greater Nashville association of Realtors. During the same 12 month period, inventory levels of single family homes decreased 12% to 8729 available homes, making the absorption rate a very low 3 months.

• 2839 Nashville homes sold during the month of September 2015 compared to 2541 the previous September
• Median sales prices of homes sold during the month were up 12% to $236,866
• average days on market for Nashville homes was down to 56 days compared to 68 days last year
• 8729 single family homes are currently listed in the Nashville MLS as available for purchase compared to 9924 12 months ago

Nashville homes are still in a sellers market with most new homes under contract before they are finished, and many resale homes getting multiple offers the first week on market. The Nashville real estate market is changing at a rapid pace, make sure you have a real estate professional on your side to insure they you get the best deal possible when buying or selling a home in the Nashville area.

The most popular neighborhoods in and around Nashville based on September closings are as follows

• Providence with 33 closings, this does not include the Del Webb section
• Green Hills with 16 closings, it seems low to me, but some Green Hills homes are listed as smaller communities
• Lochaven with 16 closings - a new community of Beazer homes close to Brentwood
• Inglewood with 15 closings
• Crieve Hall with 15 closings
• Westhaven with 14 closings
• East Nashville with 14 closings - it's hard to classify this as a neighborhood but what else would you call it
• Crieve Hall with 13 sales - a very convenient location near I-65 north of Brentwood
• Lockeland Springs with 13 closings - located in a very hot area of east Nashville

If you would like to buy or sell a home in the Nashville area, give me a call at 615-512-7853 or search for homes using the best Nashville MLS search available



 

Nashville Real Estate - Nashville Homes : Nashville Luxury Homes for Sale - September 2015

Nashville luxury homes for sale and August 2015 market report - 42 Nashville homes sold during the month of August 2015 that were listed for at least one million dollars compared to 38 during the same period last year, an increase of 10%.

• The average sales price of homes in this price range was $1,528,237
• the list price to sales price ratio of sold Nashville luxury homes was 92.4%
• the average days on market for sold homes was 111 days
• 455 Nashville million dollar homes are listed in the Nashville MLS
• 35 Nashville million dollar homes are currently pending sale
• The absorption rate for Nashville million dollar homes based on August sales and current inventory is back up to 11 months

The breakdown for neighborhoods with Nashville luxury homes that sold in August are

• Annandale
• Avalon
• Belle Meade
• Belmont
• Fairvue Plantation
• Franklin Equestrian property
• Forest Hills
• Governors Club
• Green Hills
• Hill Place
• Morgan Farms
• Oak Hill
• Princeton Hills
• Stockett Creek
• The Grove
• Tuscany Hills

Nashville million homes sales have been improving , but as you can see, the inventory levels allow buyers a lot of leverage to negotiate a better price.
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.

 

[idx-listings linkid="256646" count="7" showlargerphotos="true"]

 

Luxury Homes In Nashville August 2015

Nashville Real Estate - Nashville Homes : Luxury Homes In Nashville August 2015Nashville luxury homes for sale and August 2015 market report - 59 Nashville luxury homes sold during the month of July 2015, compared to 45 during July of 2014, an increase of 31%. The median sales price of Nashville luxury homes was $1,286,000, and the average size of luxury homes sold was 6448 square feet

• 470 Nashville luxury homes are listed in the Nashville MLS
• 36 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 8 months
• the median list price to sales price ratio for luxury homes during July was 93%

The breakdown for neighborhoods with Nashville luxury homes that sold in July are

• Annandale
• Belle Meade
• Belmont
• Brentwood
• Forest Hills
• Franklin Equestrian
• Franklin Historic
• Gallatin
• Governors Club
• Green Hills
• Hampton Reserve
• Hendersonville
• Laurelbrooke
• Leipers Fork
• Magnolia Vale
• Mcgavock Farms
• Morgan Farms
• Oak Hill
• Princeton Hills
• Stockett Creek
• The Grove
• Treemont
• Tyne Meade
• West Meade
• Westhaven
• Windstone

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.



Find your Nashville luxury home 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.

 

 

Franklin TN Real Estate for Sale - August 2015

Franklin TN Real Estate for Sale - August 2015Franklin Tn real estate for sale and August 2015 market update - 240 Franklin Tn homes closed during the month of July compared to 261 for the same month in 2014, a reduction of 9% year over year, mostly caused by a shortage of available homes. The median price Franklin TN real estate sold during the month was $443,786 compared to $406,915 for June of 2014, an increase of 9%. The absorption rate based on July sales and the current inventory is 3 months, and the median days on market is only 47 days. Franklin TN real estate in a sellers market with many of the better homes 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 Homes in July was 100%
• 331 Franklin homes are pending at this time
• 731 Franklin homes are currently listed in the Nashville MLS as available for purchase, but most are already under contract
• the absorption rate based on July sales is 3 months

The top Franklin Tn neighborhoods for the month of July based on sales were

• Westhaven with 17 closings
• Fieldstone Farms with 15 closings
• Ladd Park with 12 closings
• Mckays Mill with 12 closings
• Avalon with 7 closings
• Forrest Crossing with 7 closings
• Sullivan Farms with 7 closings

Search for Franklin TN real estate for sale here


 

For the most-up-to-date information on Franklin TN real estate 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 TN real estate is 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

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

• 12 South
• Annandale
• Belle Meade
• Belmont
• Brentwood
• Cherokee Park
• Edenbrook Estates
• Forest Hills
• Franklin Equestrian
• Franklin Historic
• Governors Club
• Green Hills
• Hampton Reserve
• Hidden Valley
• Hillsboro Village
• Hillwood estates
• Laurelbrooke
• Leipers Fork
• Magnolia Vale
• Mcgavock Farms
• Oak Hill
• Richland Woods
• Princeton Hills
• Stockett Creek
• The Grove
• Treemont
• Tyne Meade
• West Meade
• Westhaven
• Windstone

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 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"]  

Franklin TN Real Estate for Sale - June 2015

Nashville Real Estate - Nashville Homes : Franklin TN Real Estate for Sale - June 2015Franklin 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