Belle Meade Real Estate Trends: August 2023 Market Analysis and Insights
We prepare a Belle Meade Real Estate market report on a monthly basis and publish it on the fourth week of each month, reflecting data from the previous month. Contact us if you would like to receive this directly in your inbox and can unsubscribe any time.
How is the Belle Meade Real Estate Market Doing?
There are currently 13 homes for sale in Belle Meade (compared to 14 same month last year):
- Highest priced listing $14.9 Million for the 2021 construction at 725 NE 77th Ter with 6 bedrooms / 6.5 bathrooms, 7,527 Sq.Ft. of living space, 16,840 Sq.Ft. lot and canal frontage facing the industrial marina across the canal. ($1,980/Sq.Ft.)
- Lowest priced listing is $1,200,000 for the 1939 home at 708 NE 75th St with 3 bedrooms / 2 bathrooms, 1,279 Sq.Ft. of lving space, 5,900 Sq.Ft. lot ($938/Sq.Ft.)
- Pending Sales (Properties under contract): 5
- Median Sales Price in August: $3,250,000 (compared $0 in August of 2022)
- Closed sales in August 2023: 3 (compared to none in August of 2022)
What is the average price per square foot in Belle Meade?
Belle Meade Waterfront Sales
There was one Belle Meade Waterfront Home sold in August this year, selling at $1,658/Sq.Ft., compared to no waterfront sales in August of last year. Previous averages are as follows:
- July’s average $909.70 (one sale)
- June’s average (no sales)
- May’s average (no sales)
- April’s average (no sales)
- March’s average (no sales)
- February’s average (no sales)
- January’s average (no sales)
- 2022’s average of $1,340
Belle Meade Non-Waterfront Sales (Dry Lots)
The average sold price per square foot in Belle Meade for homes not on the water in August 2023 was $895, compared to no sales in August of 2022. Previous averages are as follows:
- July’s average (no sales)
- June’s average $874
- May’s average $769
- April’s average $704
- March’s average $865
- February’s average $623
- January’s average $798
- 2022’s average of $722
Belle Meade Real Estate Micro-Stats
Feel free to download our complete market report for the last 12 months, showing micro-stats for Real Estate Belle Meade.
- Buyer’s market with 9 months of inventory
- Average Sales Price is $2.1 Million
- Average Discount is 9%
- Sweet spot in sales: homes between $1 Million and $1.5 Million
- Buyers are domestic and also coming from Brazil and Colombia
- All deals right now are cash deals
- All buyers are primary residents and buy to occupy the homes
- We are starting to see seller contributions and they vary from $25k-$58k