Nashville has been a hot destination for over a decade. The population has grown enormously, and many residents come from other places across the country. As a matter of fact, Nashville is one of the fastest-growing cities in the country. If you’re looking to make a move, you might want to consider calling Nashville your new home. Between its growing economy and friendly surroundings, Nashville has become a beautiful place to live.
Of course, with a lot of growth comes a lot of shifting trends. Take the luxury housing market, for example. Luxury homes have gained popularity in Nashville recently, and the luxury home market has taken up space. Here are some luxury real estate trends happening in Nashville this year.
The growing Nashville economy
The commute to work in Nashville
No matter their work situation, Nashville homebuyers should consider their commute when searching for luxury homes in 2022. Those who work remotely should ask themselves if they want a home with office space. As they view potential new homes, they should also ask themselves if they can picture a work environment somewhere in the space.
Remote workers might also consider their new home's proximity to other places. Coffee shops, libraries, and similar places can make excellent workstations for those who want to leave the house often.
Those who do commute should make sure that the drive is worthwhile. In Nashville, a home's location is just as important as its amenities. Living in a growing city means living with growing traffic.
Nashville luxury real estate in 2022
Prices, unfortunately, will continue to increase. In 2021 alone, the costs of homes in Nashville rose by a significant margin. Real estate experts believe this trend won't stop any time soon.
What does this mean for homebuyers? First, it means that prospective homeowners should make their offers sooner rather than later. This includes luxury home buyers. The faster buyers secure a home, the more they can avoid price increases. However, there is good news for luxury homeowners. As property values grow, buyers can make the most out of their investments.
The demand for luxury real estate
Again, the city's population becomes larger every day. According to one estimate, more than 100 people move to Nashville every day. Other estimates say that the number is closer to 80 these days.
Either way, why do so many new people want to call Nashville home? In many cases, they move here for the same reasons people have always wanted to move to Nashville. The city provides professional opportunities, a place for young families to grow, and of course, the potential for future country music stars.
However, many of Nashville's new residents come from the wealthier parts of the country. Tennessee has invited several top-earning companies to plant roots in Music City, and many of those companies have answered the call. Even Amazon has a significant presence in Nashville. These high-earning companies have brought high-earning corporate leaders with them. Naturally, many of these leaders look for luxury homes.
Apartments and private residences
One example comes from the Four Seasons Private Residences. These homes include penthouses and estates with all of the elegance a resident could want. They have amazing views of the city, including the famous "Batman building."
These luxury living options appeal to people for many reasons. For instance, they provide the luxury experience with all of the convenience of living in an apartment. Downtown Nashville has many such apartments. Residents have easy access to the city's nightlife. They enjoy walkable neighborhoods, and they don't have to sacrifice space or comfort to do so.
New neighborhoods and developments
These new neighborhoods will change the shape of the city. They won't just change Nashville proper, though. The surrounding areas have experienced similar growth. Places like Brentwood, Franklin, and Spring Hill have more luxury neighborhoods than they've had in the past. These new neighborhoods provide more options for homebuyers who want to build their lives in Middle Tennessee.
Countryside home popularity
Many of these options exist outside the city itself. For example, the Troubadour Golf and Field Club sits between College Grove and Arrington, just outside of Nashville. This community features an 18-hole golf course and a country club. It also has 375 spacious and luxurious homes. With so much space both inside and outside these homes, children can run, play, and have fun. Their parents, of course, also enjoy the space and amenities.
The countryside location is ideal for many Tennesseans. While Nashville itself has become busier and filled with energy, much of the rest of Tennessee has maintained its countryside feel. Many luxury home buyers still want to hold on to this way of life. They want the views of Tennessee's famous rolling hills, for example.