What's My Stags Leap Home Worth? Market Report for July 2014
By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Stags Leap Home Worth? Market Report for July 2014 Properties currently Active on the market: 6 Single-family properties closed in July: 7 Average sales price: $525,890 Average list price: $516,310 Average sales price to list price ratio: 101.9% Average days on the market: 53 Active listings under contract: 0 Percent under contract: 0% Stags Leap absorption rate: .9 months of inventory (a normal or steady market would be 5-7 months, a buyer's market would be in excess of 7 months, and a seller's market would be less than 5 months) Stags Leap is in an extreme seller's market. The sales price to list price ratio is excellent and the average days on the market are low. As the new construction finally ends, existing homeowners feel it's safe to list their homes. Of the 7 homes tha...