Belle Meade Real Estate Trends: October 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 18 same month last year):
- Highest priced listing $16 Million for the new construction at 723 NE 77th Ter with 6 bedrooms / 8.5 bathrooms, 8,050 Sq.Ft. of living space, 16,061 Sq.Ft. lot and 50′ of canal frontage facing the industrial marina across the canal. ($1,988/Sq.Ft.)
- Lowest priced listing is $1.2 Million for the 3 bedroom / 2 bathroom home at 708 NE 75th St ($938/Sq.Ft.)
- Pending Sales (Properties under contract): 7
- Median Sales Price in October: $2,725,000 (compared $5,682,000 in October of 2022)
- Closed sales in October 2023: 3 (compared to 2 in October of 2022)
What is the average price per square foot in Belle Meade?
Belle Meade Waterfront Sales
The average price for Belle Meade Waterfront Homes in October was $1,904 (one sale), compared to $1,778 (also one sale) in October of last year. Previous averages are as follows:
- September’s average $1,877
- August’s average $1,658 (one sale)
- 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 price per square foot for Belle Meade homes NOT on the water in October was $797, compared to $742 (one sale) in October of 2022. Previous averages are as follows:
- September’s average (no sales)
- August’s average $895
- 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.
- Balanced market with 6 months of inventory
- Average Sales Price is $2.9 Million
- Average Discount is 10%
- Sweet spot in sales: homes between $1 Million and $1.5 Million
- Buyers are domestic and also coming from Brazil and Colombia and Russia
- 91.7% of deals are cash (without financing contingencies)
- 93.1% of buyers are primary residents and buy to occupy the homes
- We are starting to see seller contributions and they vary from $25k-$58k