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Nashville Luxury Homes Market Report May 2013

By
Real Estate Agent with Benchmark Realty 00285925

Nashville Luxury HomeNashville Luxury Homes for sale and May 2013 market report - 21 Nashville luxury homes sold during the month of April, a considerable increase over the 15 closings for March, but still less than the 25 we had last year in April. The average price of Nashville luxury homes is increasing, but not at a rapid pace with the average price of homes sold in April at $1,434,255 compared to $1,408,125 last year, and the average size of Nashville luxury homes sold was just slightly down from 6,755 square feet last year to 6629 square feet this year. The average price per square feet is up from $208 last year to $216 this year. Analysis of the details shows that the reason the prices prices appear to be stable when they may not be, is that fewer luxury homes sold in the Belle Meade/Green Hills area this year in the price range I'm using for this report of over $990,000. The average price of homes sold in this area are approximately 20% higher in price on average at $1,580,000 compared to $1,327,669 in Brentwood and Franklin. Broken down by square feet it's even more glaring with the Williamson county homes in Brentwood and Franklin comes costing $189 per square feet and the Davidson county homes in Green hills and Belle Meade costing $271 per square feet.

The breakdown for neighborhoods with Luxury homes that sold for more that a million dollars are as follows

As you can see, most of the luxury homes sold in the Nashville area are located on the south and west side of the city in Belle Meade, Green hills, or in Brentwood or Franklin. Search for available Nashville Luxury homes here, or if you would like to start construction on a custom luxury home contact me at your convenience. We can determine the best area and builder for your lifestyle.  

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Posted by

The Brewer team

Benchmark Realty

 

 

 

Comments (1)

Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Nashville luxury homes sales are not taking off like the rest of the market, and maybe it's political. I know that a lot of critics seem to be bashing successful people right now, like it's a bad thing. Hopefully those days will pass when we have political change.

May 03, 2013 10:13 PM