belle-meade-real-estate-monthly-market-report

Belle Meade Real Estate – monthly market report – September 2021

How is the Belle Meade Real Estate Market Doing?

There are currently 9 homes for sale in Belle Meade (compared to 10 last month):

  • Highest priced listing $19.5 Million for the huge open bay property with 480′ of water frontage and 29,452 SF of land which includes 7301 and 7305 Belle Meade Island Dr
  • Lowest priced listing is $759,000 for the 2/1 home at 929 NE 73 St ($427/SF)
  • Pending Sales (Properties under contract): 7
  • Median Sales Price in September – no sales
  • Closed sales in September: 0 (compared to 3 in August)

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What sold in Belle Meade last month?

There were no sales in Belle Meade in September. For a list of all properties sold in past months please email us at BelleMeade@miamism.com

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What is the average price per square foot in Belle Meade?

Belle Meade Waterfront Sales

There were no waterfront homes sold in Belle Meade in September. Averages of previous months:

  • August average – no sales
  • July’s average – no sales
  • June’s average – $1,497 (one sale)
  • May’s average – $853 (one sale)
  • April’s average – $675
  • March’s average – no sales
  • February’s average – $830
  • January’s average – $790/SF
  • 2020’s average of $416

Belle Meade Non-Waterfront Sales (Dry Lots)

There were no dry-lot Belle Meade homes  sold in September, average sold price per square foot in past months as follows:

  • August’s average: $589
  • July’s average: $490
  • June’s average: $568
  • May’s average – $457
  • April’s average – $501
  • March’s average – $461
  • February’s average – $339
  • January’s average – $471
  • 2020’s average of $921

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Top (and only) 3 Sales in Belle Meade in September (by square footage)

This is a true indicator of lack of inventory.  Having no sales does not represent a slow market, it represents a national crisis of no inventory to sell.  As much as we would love your listing, we are making sellers think of what their next move is before taking advantage of their high returns.

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Belle Meade Opinion

We provide a comprehensive 3D market report with in-depth data from the last 12 months that you can download HERE.

Belle Meade by Miamism Sept 2021
Belle Meade by Miamism Sept 2021

Some key points you should know:

  • Seller’s market with only 3 months of inventory.
  • Average Sales Price is $1.3 Million
  • Average Discount is 6%
  • 2 Sweet spots in sales: homes between $600k-$700k and homes above $1 Million.
  • 35% of all deals are CASH
  • 75% of buyers are primary residents

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