Franklin, TN Real Estate News

By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Sullivan Farms Home Worth? January 2016 Properties currently Active on the market: 3 Single-family properties closed in January: 3 Average sales price: $412,300 Average list price: $414,933 Average sales price to list price ratio: 99.4% Average days on the market: 77 Sullivan Farms absorption rate: 1 month 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) Sullivan Farms is currently experiencing an extreme seller's market. The sales price to list price ratio is excellent. With changes to the Truth-in-Lending Disclosures and Federal guidelines of lending procedures, you can expect to see longer days on the market. Sellers should expect to see a minimum of 60 days in th...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Polk Place Home Worth? January 2016 Properties currently Active on the market: 5 Single-family properties closed in January: 2 Average sales price: $450,200 Average list price: $450,400 Average sales price to list price ratio: 99.9% Average days on the market: 61 Polk Place absorption rate: 2.5 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) Polk Place is in a seller's market. The average days on the market are good and the sales price to list price ratio is excellent. Sellers should expect that days on the market will be increased due to new Truth-in-Lending Disclosures and changes made by the Federal government regarding lending procedures. Anything less th...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My McKay's Mill Home Worth? January 2016 Properties currently Active on the market: 6 Single-family properties closed in January: 7 Average sales price: $390,970 Average list price: $398,878 Average sales price to list price ratio: 98% Average days on the market: 53 McKay's Mill 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) McKay's Mill continues to be in an extreme seller's market. With the recent changes to Truth-in-Lending documentation procedures, fewer than 60 days on the market is excellent. Sellers can expect to see higher days due to Federal guidelines surrounding lending regulations.You must be asking yourself what's your McKay's M...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Leiper's Fork Home Worth? January 2016 Properties currently Active on the market: 9 Single-family properties closed in January: 3 Average sales price: $789,000 Average list price: $810,299 Average sales price to list price ratio: 97.4% Average days on the market: 55 Leiper's Fork absorption rate: 3 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) Leiper's Fork is in a seller's market but homeowners shouldn't be fooled. Homes here are not for everyone. Although, many people love the quaint little village of Leiper's Fork, it is far removed from shopping and dining. When people think about the beautiful countryside of Tennessee, an area like Leiper's Fork comes ...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Ladd Park Home Worth? January 2016 Properties currently Active on the market: 19 Single-family properties closed in January: 12 Average sales price: $426,837 Average list price: $420,922 Average sales price to list price ratio: 101.4% Average days on the market: 18 Ladd Park absorption rate: 1.6 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) Ladd Park has a lot going on these days. There are three sections: The Highlands, Carothers Cove and Enderly Pointe. Carothers Cove is wrapping up their construction and should be complete by year end. Enderly Pointe is early in the process and The Highlands are continuing to build.The builder's aren't going to be very n...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Founders Pointe Home Worth? January 2016 Properties currently Active on the market: 0 Single-family properties closed in January: 2 Average sales price: $361,000 Average list price: $364,500 Average sales price to list price ratio: 99% Average days on the market: 58 Founders Pointe absorption rate: 0 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) Founders Pointe is in an extreme seller's market right now. However, the list price to sales price ratio is excellent and the average days on the market are low given the new Truth-in-Lending procedures on residential home sales. This neighborhood needs an infusion of listings. Buyers love the proximity to historic,...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
 What's My Forrest Crossing Home Worth? January 2016 Properties currently Active on the market: 6 Single-family properties closed in January: 3 Average sales price: $334,300 Average list price: $346,565 Average sales price to list price ratio: 96.5% Average days on the market: 84 Forrest Crossing absorption rate: 2 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) Forrest Crossing is experiencing an extreme seller's market. However, the average sales price to list price ratio is low. While days on the market are now longer due to the new Truth-in Lending closing procedures, 84 days is high.  Are you curious what your Forrest Crossing home is worth? Just click the photo b...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Fieldstone Farms Home Worth? January 2016 Properties currently Active on the market: 10 Single-family properties closed in January: 4  Average sales price: $333,950 Average list price: $340,575 Average sales price to list price ratio: 98.1% Average days on the market: 77 Fieldstone Farms absorption rate: 2.5 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) Fieldstone Farms in one of the best selling Franklin TN neighborhoods. They are clearly in a seller's market. Buyers flock to this neighborhood for its affordable homes and amenities. Are you curious what your Fieldstone Farms' home is worth? Just click the photo below and you will receive your home valuatio...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Avalon Home Worth? January 2016 Properties currently Active on the market: 9 Single-family properties closed in January: 2 Average sales price: $491,200 Average list price: $494,449 Average sales price to list price ratio: 99.3% Average days on the market: 63 Avalon absorption rate: 4.5 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) Avalon is currently experiencing a seller's market. It's difficult to write a commentary on the sales in Avalon because of the diversity in housing within the different sections of this neighborhood. The two homes sales in January were located in the Meade of Avalon. However, the current active listings are for all sections in Av...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Abington Ridge Home Worth? January 2016 Properties currently Active on the market: 1 Single-family properties closed in January: 2 Average sales price: $592,500 Average list price: $592,400 Average sales price to list price ratio: 100% Average days on the market: 68 Abington Ridge absorption rate: .5 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) Abington Ridge is currently experiencing an extreme seller's market. Homes with lots this size backing to common space are really in demand. Most of these homes will sell quickly. Wondering what your Abington Ridge home is worth? Click the photo below to be taken to an instant property valuation report.Abington Ridg...
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By Terry Stutts, Professional Sales, Personal Care
(Benchmark Realty LLC)
  There are over 30 golf courses within twenty five miles of Franklin Tennessee.  I was lucky enough yesterday to walk one of the most private golf courses in the U.S.A.  Measuring over 6300 from the tips this course is a good challenge for golfers of all handicaps.  Montgomery Bell State Park is a true gem and yes very private, in that we never encroached or were encroached on by other golfers.  We also enjoyed the wildlife, sighting deer, turkeys and various birds singing.  These sights and sounds are unencumbered by traffic noise, sirens, construction or any other kind of noise except the occasional weed eater keeping the grounds in good shape; again very private.  We have so much great golf to choose from around Franklin Tennessee from the Golf Club of Tennessee, where you may happe...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
Yesterday, I visited a Broker's Open House. This was for a new construction development with homes in excess of $800K. Food, beer and champagne were offered, as well as, a plethora of door prizes including a flat screen TV. This builder is anxious to sell the six completed homes he has in the neighborhood. The new construction in Franklin is going like gang-busters. Builders are cranking these houses out as quickly as they can, hoping they'll sell before completion.Since the builders aren't building these homes for a particular buyer, the finishes they've chosen are meant to appeal to a wide variety of buyers. There's only one problem--the age demographic of luxury home buyers is shifting.Previously, luxury buyers were more mature, likely, CEOs of their companies. Today's luxury buyers ...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
This morning I received a call from a buyer inquiring about a property in Franklin. The first question I always ask is if buyers are working with an agent. He proceeded to say he was and then continued with his question. I explained that he should speak with his agent.He ignored that comment and went on to say he just had a few questions about the homes listed in one particular neighborhood and the possibility of building a home there.I asked how he found me. He'd done a Google search on this neighborhood and my website popped up. Given the rather comprehensive information I provided there about the neighborhood, he assumed I was the go-to agent.I confirmed I was the go-to agent for buyers who didn't already have an agent. Given that he already has an agent, he needed to contact her dir...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
When should I sell my Franklin TN home ?They really want to know when they will the best price if they decide to sell.  I think this is the number one question I get from people these days, and you need information to have a good answer.But just to keep it simple, based on home sales in 2015, it's easy to see that more contracts were probably written in May, than any other month last year, since June had the most closings, and in 2015 most homes were under contract around 30 days before closing. Some say it doesn't make big a difference when you list, and if you have a fantastic home, you will probably get a good price no matter when you list it.However, the way the market it right now, it's more important to some people to know where they are going before the start the listing process ...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Westhaven Homes in Franklin TN - 15 homes sold during the month of February at an average price of $487,789, this is an unusually low average price for Westhaven, and it was due to an abundance of townhouse sales and no million dollar homes closed during the month. Both of these are rare, and we probably won't see it happen again this year. 14 Westhaven homes sold during the month of February the average price of homes sold during the month was $487,789 the average size of Westhaven homes sold was 2419 square feet the average days on market for homes sold was 149 days the list price to sales price ratio was 99%, so expect to pay list price or very close to it 39 Westhaven homes are currently pending sale 75 Westhaven homes are currently listed in the Nashville MLS but most are still und...
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Every house we sell is special in its own right!  . . . and then along comes one of those houses that, for years, people have driven or walked by wishing it would come on the market. “If only THAT house were for sale NOW, I’d buy it in a HEARTBEAT!” . . . or: “At a minimum, I’d LOVE to see INSIDE that house because I’ll bet it’s FABULOUS!” Guess what? 302 3rd Ave S Franklin, TN 37064 IS now available – $997,500 This house is a mere 2 blocks from the Public Square of one of the HOTTEST towns in America – Franklin, TN While I could write a veritable book about all this house has to offer, why not go the easy route and invite you in for a look yourself. You CAN see inside by visiting this Virtual Tour. When you decide you want a REAL (non-virtual) tour of this remarkable Historic Home, Con...
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By Ralph & Martha Howard, Company Owners
(RDH Services, LLC dba The Home Buyers Realty)
805 Hartington Ct., Franklin TN 37064 - MLS# 1706793   Overview Maps Photos Features Description $398,000 Single Family Home Main Features 3 Bedrooms2 Bathrooms1 Half BathroomInterior: 2,788 sqftLot: 1.00 acre(s)Year Built: 2004MLS #: 1706793 Location 805 Hartington Ct.Franklin, TN 37064USA Company Owners - Ralph & Martha Howard RDH Services, LLC dba The Home Buyers Realty(888) 932-0506[email protected]// http://www.TNDirectRealty.com  Listed by: RDH Services, LLC - A TN Discount Flat Fee Real Estate Company Our recent listings 805 Hartington Ct., Franklin TN 37064 - MLS# 17067934606 Freund Street, Knoxville TN 37920 - MLS# 95487312634 Old Stage Rd, Farragut, TN 37934 - MLS # 9545161044 Ishee Drive, Clarksville TN 37042 - MLS# 17050535211 Newton Oak, Memphis TN 38117 - MLS# 9971073 Sub...
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By Terry Stutts, Professional Sales, Personal Care
(Benchmark Realty LLC)
  Duke and I decided to take a walk yesterday.  It was a beautiful day bright, sunny and 68 degrees here in Franklin Tennessee.  Growing up here and dealing with the pains of growth it’s easy to lose perspective on what a truly remarkable community this is.  We have so very much to do and see here that every weekend you could try something different and never do the same thing again.  Walking the trails around Franklin offer the same opportunity to see new stuff and learn new things while getting that much needed exercise.  The Greenway infrastructure is great and growing to the point where most trails are connected providing access to all of Franklin.  Spring is almost here, so take a walk in the great town of Franklin, Tennessee.  
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Mckays Mill Homes in Franklin TN 37067 - 7 homes sold during the month of January, at an average price of $390,970 with an absorption rate of just 2 months Mckay Mill homes are in a strong sellers market. As a consequence, homes are selling at 99% of asking price, and the average days on market is just 53 days. Be prepared to compete if you are a buyer, and be prepared to have lots of traffic in you home if you are a seller. 7 McKays Mill homes sold in the month of January the same as January of 2015 11 homes are currently available for purchase 8 Mckays Mill homes are currently pending sale the list price to sales price ratio of homes sold in January was 99% average days on market for homes sold was 51 days The absorption rate of Mckays Mill homes is 2 months Here is a summary of the c...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
The Franklin TN housing market is hot, even in February. As a matter of fact, there are only 20 single-family homes in all of Franklin priced under $350,000. Three of those are new construction and won't be ready for several months. That leaves just 17 single-family homes in Franklin TN priced under $350,000 for immediate occupancy. Unbelievable, really.When a listing comes on the market and it's in great condition, it's probably going to sell. Even if, the buyer thinks it's priced a little high. It's called the law of supply and demand. Supply is low and demand is high which means properties may sell for more than their fair market value.Let's face it, no one wants to pay more than a house is worth but if buyers want their offer to be competitive, they may need to be at asking price or...
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