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Nashville Luxury Homes - February 2016
Million Dollar homes in NashvilleFind Nashville luxury for sale over one million dollars here and view the current market data for Nashville homes in this price range.- 31 Nashville luxury homes sold during the month of January, compared to 21 during January of 2015, an increase of 48%. The average sales price of Nashville million dollar homes was $1,581,931
  • the list price to sales price ratio of sold Nashville million dollar homes was 96%
  • the average days on market for sold homes was 84 days
  • 420 luxury homes are listed in the Nashville MLS
  • 30 Nashville million dollar homes are currently pending sale
  • The absorption rate for Nashville million dollar homes based on January sales and current inventory is back up to over a year, which is fairly normal for our market. Closings for all homes tend to peak mid summer and hit the low point in the dead of winter.
The breakdown for neighborhoods with Nashville million dollar homes that sold in January are as follows

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, old homes are being replaced by new luxury homes, and we can expect that trend to continue as the demand increases.

Find your Nashville million dollar 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.    

Published Monday, February 08, 2016 3:13 PM by larry Brewer


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