Belle Meade Real Estate – monthly market report – March 2021
How is the Belle Meade Real Estate Market Doing?
We have buyers actively looking in Belle Meade right now. If you are considering selling your home, please contact us ASAP!
There are currently 6 homes for sale in Belle Meade (compared to 8 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 $699,000 for the 2/2 at 782 NE 77th St
- Pending Sales (Properties under contract): 9
- Median Sales Price in March: $825,000
- Closed sales in March: 7 (compared to 7 in February)
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What sold in Belle Meade last month?
For a list of all properties sold in March 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 March, the average sold price per square foot in previous months was:
- February’s average – $830
- January’s average – $790/SF
- 2020’s average of $416
- 2019’s average of $382
Belle Meade Non-Waterfront Sales (Dry Lots)
The average sold price per square foot in Belle Meade for homes not on the water in March was $461, compared to:
- February’s average – $339
- January’s average – $471
- 2020’s average of $921
- 2019’s average of $588
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Top 3 Sales in Belle Meade in March (by square footage)
- 733 NE 75 St – Double corner lot home with 12,362 SF of land, 4 bedrooms / 3 bathrooms, 2,267 SF home, built in 1937. Was originally listed for $1.6 Million in July of 2019, relisted for $1.375 M in September of 2020 and sold for $1,055,000 ($532/SF)
- 750 NE 76 St – mid-century renovated home with 2 bedrooms / 2 bathroom, 1,411 SF o 6,250 SF lot. Listed for $695,000 in January and selling for $700,000 ($496/SF)
- 935 NE 72 St – upgraded 1941 home with 4 bedrooms / 3 bathrooms, 2,385 SF on 11,210 SF lot. Listed for $1.4 Million in December 2020 and selling for $1,190,000 ($485/SF)
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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.
Some key points you should know:
- Seller’s market with only 2 months of inventory.
- Average Sales Price is $1.2 Million
- Average Discount is 7%
- 2 Sweet spots in sales: homes between $600k-700k and homes above $1 Million.
- 25% of all deals are CASH
- 73.9% of buyers are primary residents
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We have buyers actively looking in Belle Meade right now. If you are considering selling your home, please contact us ASAP