Williamson County Real Estate: Nashville Luxury Homes - September 2017

Nashville Luxury Homes - September 2017

Nashville million dollar homeNashville luxury homes are becoming more active compared to last year, with 85 sales during the month of August compared to 67 for the same month one year ago. The average sales price of luxury homes for the month of August 2017 was $1,487,008, and the average price per square foot is up to $261, an increase of 6% over the same period last year

  • 593 million dollar homes are listed in the Nashville MLS
  • 55 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 August sales and current inventory is 7 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 for sale 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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Comment balloon 1 commentLarry Brewer - Benchmark Realty llc • September 27 2017 04:45PM

Comments

Great information indeed. Thank you for sharing and best of luck!

Posted by Jeremy K. Frost, Associate Broker, CNE, CRS, ePro, PSA (Keller Williams Realty) about 2 months ago

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