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Luxury Homes for Sale in Nashville – September 2020

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Nashville luxury homes for sale – Nashville luxury homeDuring the month of August we had a considerable amount of luxury home sales in the Nashville area including Brentwood and Franklin with 182 closings for the month compared to 135 for the previous August, an increase of 35% year over year. I’m considering any residential home or condo over $1,000,000 to be a luxury home in this area.

  • The average sales price of luxury homes during the month was $1,507,869 an increase of 11% compared to August of 2019
  • 548 Nashville luxury homes are currently listed in the Nashville MLS
  • 345 Nashville luxury homes are currently under contract
  • 182 luxury homes sold during the month of August 2019 compared to 135 for the same month last year
  • the list price to sales price ration of homes sold in this price range was 97.54%
  • the average price per square foot of luxury homes sold in Nashville for August was $289
  • the average size of homes sold in this category was 5171 square feet

The breakdown for some of the most active neighborhoods with Nashville luxury homes that sold in during July 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. Luxury home buyers are moving here from all over the country and they are looking at homes here that are much more affordable than most on the west coast or the northeast.

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.

Franklin TN Neighborhoods – The Most Popular in 2020

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The Top Franklin Tn neighborhoods based on number of sales for the first half of 2020 are as follows

  • Westhaven  Franklin’s most popular neighborhood with prices from $400,000 to over $1,750,000
  • Fieldstone Farms  for years the Franklin top neighborhood with homes priced from $250,000 to over $700,000
  • Mckays Mill in the Cool Springs area the homes sell fast priced from $400,000 to over $600,000
  • Ladd park  – homes priced from $500,000 to over $800,000
  • Berry Farms  homes priced from $400,000 to $950,000
  • Stream Valley – Ryan homes from $370,000 to $650,000
  • Sullivan Farms  $400,000 to over $550,000
  • Clovercroft Preserve – $585,000 to $725,000
  • Dallas Downs – affordably priced all brick homes from $325,000 to $500,000
  • Polk Place –  all brick homes close to downtown Franklin $450,000 to $650,000
  • Forrest Crossing 11 sales with prices from $300,000 to over $500,000

 

The Corona virus has an impact on listings with a lot of people working from home, many can’t deal with having people viewing homes while they are trying to do their jobs, not to mention the issue of children at home due to no school. Sales of new construction homes are very active and prices are rising as you would expect. Some resale homes that are vacant have had multiple offers the first day on market and many are selling above list price.

If you would like to search for Franklin Tn homes, just click on the links, or give me a call.

 

For the most-up-to-date information on Franklin 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 Franklin MLS listings come on the market or price reductions in Franklin are posted.

information on this page is based on information on single family homes for sale in Franklin per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed.

Nashville Real Estate for Sale – July 2020 Update

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Nashville Real Estate for sale –  Nashville home sales have picked up in spite of fears about the virus with number of closings of homes  increasing 26% over the May of this year and down only 1.5% compared to June of last year.

Considering the fact that listing inventory is down 21% compared to last June the number of closing is very impressive. What is something that all this houses had in common is all this properties had reviewing best water softeners for well water, this is a big solution of a bigger problem.

    • 3478 homes closed during the month of June compared to 2759 in May so sales increased by 26% percent in one month but compared to the same month last year sales of single family homes were down 1.5%
    • 6825 Arbors Homes for Sale are currently listed in Nashville compared to 8274 last year, an inventory reduction of 21%
    • the median price of Nashville homes sold was $331,448 compared to $319,990 the previous June an increase of 3.5%
    • the absorption rate of homes based on June sales and current inventory is now down to 2 months

Nashville real estate is in a sellers market with inventory levels still excessively low in most areas.

Search for Nashville real estate here

Find the value of your Nashville home here Nashville real estate values,

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

Spring Hill TN Homes For Sale – July 2020

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Spring Hill TN HomeHomes for Sale in Spring Hill Tn  – Real estate sales have been recovering quickly in Spring Hill with the 90 closings for the month of June a 25% increase over closings in May and exactly the same as June of 2019. The absorption rate is down to 1 month and the average days on market is only 34 days.

  • 90 Spring Hill TN homes sold during the month of June an increase of 25% compared to May
  • The average price per square foot of homes closed was 159 compared to $151 last year an increase of 5%
  • The list price to sales price ratio of sold homes was 99.7% for the month
  • 81 Spring Hill TN homes are currently listed in the Nashville MLS as available for purchase, but most are still under construction
  • 140 homes are currently under contract pending sale, most are new homes waiting for completion
  • The average price of homes sold during the month of June was $384,421 slightly less than the $400,523 last year
  • the average size of homes sold was 8% smaller than last year for the same month at 2497 square feet.

Home sales in Spring Hill are heating up,  and our lean inventory would suggest that prices may be on the rise in the near future.  Homes in Spring Hill TN are still the best bargain in Williamson county averaging $159 per square foot compared to $225 in Franklin and $187 in Nolensville, all of these comparisons are for Williamson county homes but don’t forget that you can also check the THE VILLAS AT RANCHO PACIFICA to get more options. 

Search for Spring Hill TN homes for sale here.

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For the most-up-to-date information on Spring Hill TN homes, 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 Spring Hill listings come on the market or price reductions in Spring Hill TN homes are posted.

information on this page is based on information on Spring Hill real estate per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed.

This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty.
 

Franklin TN Real Estate – June 2020 Market Update and Homes For Sale

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Homes for sale in Franklin Tn – Franklin TN HomeThe number closings in June were up 39% compared to May but still down 13% compared to June of last year showing the the housing recovery from the virus is happening very quickly. We still have a shortage of inventory in Franklin and most of the Nashville area. If you still haven’t found a home for you and your family, then consider checking out other real estate listings.

    • 461 Franklin TN homes are currently listed in the Nashville MLS for purchase at this time
    • 263 homes closed during the month of June, up 39% compared to May but down 13% compared to the same month last year
    • 482 homes are currently under contract at this time
    • the average sales price for Franklin TN homes sold during the month of June was $638,197 at $209 per square foot
    • the list price to sales price ratio for homes sold in June was 99%

 

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 are posted.

Franklin TN is located just 20 miles south of downtown Nashville along I-65 in Williamson county. Blessed with a restored historic square and main street, Franklin has a lot of old world charm as well as attractions for those who enjoy fantastic shopping and dining in the Cool Springs area of Franklin. Fortune 500 businesses have also found that the Williamson county tax structure and a highly educated workforce make Franklin a very desirable location. It helps that Williamson county schools are the top ranked schools in the state, and several of the schools are ranked nationally in many publications. Find Franklin TN homes for sale here.

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 Real Estate – June 2020

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Nashville luxury homeNashville homes for sale –  The virus still has some impact on home sales at this point with the number of closings in May down 15% compared to May of 2019, however the median price of homes sold was up year over year by 3.5% to $329,900.

    • 2759 homes closed during the month of May compared to 2480 in April so sales increased by 11 percent in one month but compared to the same month last year sales of single family homes were down 25%
    • 7086 single family homes are currently listed for sale in Nashville compared to 8254 last year, an inventory reduction of 16%
    • the median price of Nashville homes sold was $329,900 compared to $318,000 the previous May an increase of 3.5%
    • the absorption rate of homes based on May sales and current inventory is still only 3 months

Nashville real estate is in a sellers market with inventory levels still excessively low in most areas.

Search for Nashville real estate here

Find the value of your Nashville home here Nashville real estate values,

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