Nashville Luxury Homes - June 2017 Market Update

Real Estate Agent with Benchmark Realty LLc License# 00285925

Nashville Luxury HomeNashville luxury homes for sale - The pace of purchases of homes listed for one million dollars or more in the Nashville area has increased considerably with 77 closings during the month of May compared to 62 for may of 2016, an increase of 24% year over year. The average sales price of luxury homes for the month was $1,524,761 and the average size was 5377 square feet.

  • 642 Nashville luxury homes are listed in the Nashville MLS
  • 78 Nashville luxury homes are currently under contract
  • the list price to sales price ration of homes sold in this price range was 95%
  • The absorption rate for Nashville luxury homes based on May sales and current inventory is 8 months

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

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 Nashville luxury homes here For the most-up-to-date information on Nashville luxury 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.  

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Larry Brewer - Benchmark Realty llc

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