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Belle Meade Real Estate - monthly market report - July 2021

Ines Hegedus-Garcia
ines@miamism.com

How is the Belle Meade Real Estate Market Doing?

There are currently 8 homes for sale in Belle Meade (compared to 10 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 $899,000 for the 3/2 at 674 NE 75th St ($659/SF)
  • Pending Sales (Properties under contract): 5
  • Median Sales Price in July: $1,100,000
  • Closed sales in July: 3 (compared to 4 in June)

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

What sold in Belle Meade last month?

For a list of all properties sold in July please email us at BelleMeade@miamism.com

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

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 July. Averages of previous months:

  • June's average - $1,497 (one sale)
  • May's average - $853 (one sale)
  • April's average - $675
  • March's average - no sales
  • February's average - $830
  • January's average - $790/SF
  • 2020's average of $416

Belle Meade Non-Waterfront Sales (Dry Lots)

The average sold price per square foot in Belle Meade for homes not on the water in July was $490, compared to:

  • June's average: $568
  • May's average - $457
  • April's average - $501
  • March's average - $461
  • February's average - $339
  • January's average - $471
  • 2020's average of $921

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

Top (and only) 3 Sales in Belle Meade in July (by square footage)

  • 7260 NE 7th Ave - gorgeous updated home with 3 bedrooms / 2 bathrooms, 1,765 SF on 7,670 SF lot. This home was listed for $969,000 in June and sold for $1,100,000 ($623/SF)
  • 920 NE 73 St - charming 40's home with 2 bedrooms / 2.5 bathrooms, 1,926 SF on 10,620 SF lot.  Listed for $869,000 in May and selling for $871,000 ($452/SF)
  • 674 NE 72 Ter - large home with 5 bedrooms / 4 bathrooms, 3,391 SF on 9,075 SF lot. Originally listed for $1.399M in March, lowered to $1.365M and selling for $1.335 M ($394/SF)

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT

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 $1.3 Million
  • Average Discount is 6%
  • 2 Sweet spots in sales: homes between $600k-$900k and homes above $2 Million.
  • 25.9% of all deals are CASH
  • 69.5% of buyers are primary residents

DOWNLOAD MIAMISM 3D MARKET ANALYZER REPORT


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