Belle Meade Real Estate Trends: September 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 15 homes for sale in Belle Meade (compared to 16 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 $1,175,000 for the 3/2 home at 643 NE 74th St ($726/Sq.Ft.)
- Pending Sales (Properties under contract): 2
- Median Sales Price in September: $10 Million (compared $0 in September of 2022)
- Closed sales in September 2023: 3 (compared to none in September 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 September was $1,877, compared to no waterfront sales in September of last year. Previous averages are as follows:
- 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 were no non-waterfront homes sold in September of 2023 or September of 2022. Previous averages are as follows:
- 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.
- Seller’s market with zero months of inventory
- Average Sales Price is $3 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
- All deals right now are cash deals
- 92% of buyers are primary residents and buy to occupy the homes
- We are starting to see seller contributions and they vary from $25k-$58k