“Belle Meade is different from the rest of the Nashville market because of its unique location and the prestige of the established area, larger lots and proximity to Belle Meade Country Club, Cheekwood and Percy Warner Park. Trends in Belle Meade show you’ll pay $1 million-plus for an acre of land and a tear-down house. $2 million homes that once had a hard time selling are now flying off the market and we expect that to continue. Days on the market numbers have been cut in half partly because there are a number of new builds and rehab projects as well as the competition among families with the same need. Buyers are having to get more aggressive and are willing to pay a little more to ensure they will get the house they want. We expect that to continue leading up to a strong start to 2021.”
— LANA & FRANKLIN PARGH
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