Franklin, TN Real Estate News

By Tom White, Franklin Homes Realty LLC, Franklin TN
(Franklin Homes Realty LLC (615) 495-0752 or www.FranklinHomesRealty.com)
Franklin TN Condo/Townhome Market Sales 2015  2015 Condo/Townhome sales--298 closed Average list price--$261,588 Average sales price--$258,464 Sales price to list price ratio--98.8% Average Days On Market (DOM)--56 When we consider the number of closed homes in 2015, we see a huge increase from 2014 when 240 condo/townhomes closed. That's a whopping 24% increase!  Prices continue to climb. In 2014 the average sales price for a condo/townhome was $241,288, in 2015 it was $258,464. If you compare the sales prices for 2014 vs. 2015, you see an increase of 7%.There continues to be a low inventory of townhomes, but demand is strong. Builders are meeting a portion of that demand with new contstruction. Of the 298 condo/townhomes sold in 2015, 71 were new construction. For those homes priced o...
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By Homes For Heroes
(Affiliates nationwide for Hero Rewards)
Not only am I a realtor for Middle Tennessee but was Closing Agent for a local title company in Franklin, TN for over 14 year and Secretary of my neighborhood's HOA.  I am lucky to have the experience in the title industry which only has made me a stronger & better prepared realtor for my clients. I enjoy helping people & I would rather call myself "Customer Service" than just a realtor. I come from a long line of military family that dates back to great great grandfather to my brother, my sister is a registered nurse, my uncle has been in law enforcement of 30+ years, and my daughter is going to school to become a teacher. I admire each and every one of them with their special skills and what they were called to do. My job is not to be a Hero but to help the Heroes in need and pay them...
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By The Brewer Team - Benchmark Realty
(Benchmark Realty)
Franklin Tn homes for sale – 215 Franklin Tn homes closed during the month of December compared to 158 for the same month in 2014, an increase of 38% year over year. The median price Franklin TN real homes sold during the month was $415,000 compared to $431,198 last year. It’s still a sellers market in Franklin with only a 3 months supply of listed inventory. the median list price to sales price ratio for Franklin TN homes in December was 99% 253 Franklin TN homes are pending at this time 574 Franklin TN homes are currently listed in the Nashville MLS as available for purchase, but most are already under contract the absorption rate based on December sales is 3 months  Search for Franklin TN homes for sale here For the most-up-to-date information on Franklin TN real estate values, then ...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin Tn homes for sale - 215 Franklin Tn homes closed during the month of December compared to 158 for the same month in 2014, an increase of 38% year over year. The median price Franklin TN real homes sold during the month was $415,000 compared to $431,198 last year. It's still a sellers market in Franklin with only a 3 months supply of listed inventory. the median list price to sales price ratio for Franklin TN homes in December was 99% 253 Franklin TN homes are pending at this time 574 Franklin TN homes are currently listed in the Nashville MLS as available for purchase, but most are already under contract the absorption rate based on December sales is 3 months   Search for Franklin TN homes for sale here  For the most-up-to-date information on Franklin TN real estate values, the...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
Telling others about the ways Franklin Homes Realty LLC is giving back to our community is often difficult. Primarily because it feels like it is self-serving. That's why we don't usually share this with others. However, we've decided to do so this year to alert others in our wonderful city of Franklin TN to some of the needs that exist within our own community.There are many families living right within Franklin that need our ongoing assistance. Maybe they've lost a job or due to health issues are unable to work. In some cases, they are just economically disadvantaged and can never seem to get ahead. Whatever the case, there are men, women and children who need our help.We were very blessed this year. While we weren't new to real estate, we opened a new real estate brokerage, Franklin ...
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By The Brewer Team - Benchmark Realty
(Benchmark Realty)
Westhaven Homes in Franklin TN - 15 homes sold during the month of November at an average price of $632,649, an increase of 17% over the average price just 12 months ago.. Westhaven homes in Franklin TN are always in high demand, and the prices reflect that. 15 Westhaven homes sold during the month of November the average price of homes sold during the month was $632,649 the average size of Westhaven homes sold was 3205 square feet the average days on market for homes sold was 80 days the list price to sales price ratio was 99%, so expect to pay list price or very close to it 40 Westhaven homes in Franklin Tn are currently under contract 73 Westhaven homes are currently listed in the Nashville MLS but most are still under construction Westhaven homes in Franklin Tn has been the one of t...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What Will I Pay for a Lockwood Glen Home? Buyer's Tips December 2015 Properties currently Active on the market: 25 Single-family properties closed in November: 4 Average sales price: $471,665 Average list price: $429,292 Average sales price to list price ratio: 110% Average days on the market: 5 Lockwood Glen absorption rate: 6.3 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) What Should Buyers Know About Lockwood Glen in Franklin TN?Lockwood Glen is in experiencing a normal market. Forty percent of the homes sold in Franklin during November were new construction. Buyers aren't finding what they desire in existing homes so they're turning to new construction. This dem...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What Will I Pay for an Amelia Park Home? Buyer's Tips December 2015 Properties currently Active on the market: 17 Single-family properties closed in November: 9 Average sales price: $474,721 Average list price: $472,344 Average sales price to list price ratio: 100.5% Average days on the market: 3 Active listings under contract: 6 Amelia Park absorption rate: 1.9 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) What Should Buyers Know About Amelia Park?On the surface, it appears Amelia Park is in an extreme buyer's market. However, the majority of the homes that closed during the month of November were pre-sale contracts written several months earlier. The current invent...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Chardonnay Home Worth? November 2015 Properties currently Active on the market: 11 Single-family properties closed in November: 4 Average sales price: $750,469 Average list price: $709,857 Average sales price to list price ratio: 107% Average days on the market: 81 Active listings under contract: 1 Chardonnay absorption rate: 2.8 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) Chardonnay is in a seller's market. The sales price to list price ratio is excellent. Although, the homes closed were all new construction, this is good news to Chardonnay sellers.  These sales are keeping sales prices high. Wondering what your Chardonnay home is worth? Just click the p...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Westhaven Homes for Sale and December 2015 market update -- 15 homes sold during the month of November at an average price of $632,649, an increase of 17% over the average price just 12 months ago.. Westhaven homes in Franklin TN are always in high demand, and the prices reflect that. 15 Westhaven homes sold during the month of November the average price of homes sold during the month was $632,649 the average size of Westhaven homes sold was 3205 square feet the average days on market for homes sold was 80 days the list price to sales price ratio was 99%, so expect to pay list price or very close to it 40 Westhaven homes in Franklin Tn are currently under contract 73 Westhaven homes are currently listed in the Nashville MLS but most are still under construction Westhaven homes in Frankl...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Fieldstone Farms Home Worth? November 2015 Properties currently Active on the market: 18 Single-family properties closed in November: 5  Average sales price: $378,980 Average list price: $387,840 Average sales price to list price ratio: 97.7% Average days on the market: 41 Active listings under contract: 6 Fieldstone Farms absorption rate: 3.6 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) Fieldstone Farms is one of the best selling Franklin TN neighborhoods. They are experiencing a seller's market. The average days on the market are low and the sales price to list price ratio is good. Buyers flock to this neighborhood for its affordable homes and amenities....
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By The Brewer Team - Benchmark Realty
(Benchmark Realty)
Cool Springs homes for sale and December 2015 market report - 34 Cool Springs homes sold during the month of November with the average price of homes sold at $483,455. The absorption rate of Cool Springs homes is still an impressive 4 months, keeping homes in Cool Springs in a sellers market. average days on market for sold homes was only 43 days in November the average size of homes sold in Cool Springs was 3095 square feet 54 Cool Springs homes are currently pending sale 37 Cool Springs homes are currently listed in the Nashville MLS as available for purchase the absorption rate for Cool Springs homes is down to 4 months The average list price to sales price ratio for November was 99%   Cool Springs is part of the City of Franklin in zip code 37067 in Williamson county, and is locate...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
For the most-up-to-date information on Nashville home values, then we urge you to contact us. We can assist you with all aspects of buying or selling real property in this and other neighborhoods in the Nashville Metro area. Also ask to be placed on an instant notification system when any new Nashville MLS listings come on the market or price reductions in Nashville real estate are posted. information on this page is based on information on single family homes for sale in Nashville per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed.This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Gree...
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By Mike Grumbles, The Relocation Engineer in Franklin TN
(Gray Fox Realty)
DOM is used in the MLS (Multiple Listing Service) to reference Days on Market or how long a property has been advertised for sale.  But what else does it mean? In this episode from The Relocation Engineer (Engineering Your Next Move), the topic is  DOM = Days on Market.  The DOM is listed for each property in our local MLS (Multiple Listing Service).  It is a gauge for how well a property is being received by the buyers in a certain area relative to the average for the area.  For example a property that is overpriced, or not well maintained or effectively marketed will have a higher DOM than an effectively marketed home that has an appropriate price and good condition.  Many websites do not display the DOM, so if you want to know then shop online athttp://mike.franklin.exitrealtyofthes...
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By Mike Grumbles, The Relocation Engineer in Franklin TN
(Gray Fox Realty)
The Relocation Engineer, Mike Grumbles, ENGINEERING Your Next Move in this video blog episode is here to provide a few tips to help prepare your Franklin TN home for the upcoming winter.  Now that Fall weather is here it is time to start thinking about these simple things that you can do to prepare your home for colder weather. Introduction Video for this episode.Watch the full length video below and read the blog to gain some insight in extra tips that I shared to prepare your Franklin home for the harsh cold weather coming soon. If your home is on a crawl space and you do not have an encapsulated or sealed crawl space you likely have vents placed all around the base of your home into the crawl space.  Those vents are opened for the summer months to allow air to circulate across the cr...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin Tn homes for sale - 179 Franklin Tn homes closed during the month of October compared to 161 for the same month in 2014, an increase of 11% year over year. The median price Franklin TN real homes sold during the month was $459,000 compared to $417,000 last year, an increase of 10%. It's still a sellers market in Franklin with only a 4 months supply of listed inventory. the median list price to sales price ratio for Franklin TN homes in October was 100% 305 Franklin TN homes are pending at this time 728 Franklin TN homes are currently listed in the Nashville MLS as available for purchase the absorption rate based on October sales is 3 months The top Franklin Tn neighborhoods for the month of October based on sales were Westhaven with 23 closings Fieldstone Farms with 8 closings ...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Benchmark realty can assist buyers in all forms of Nashville relocation needs including new construction houses, condos, townhouses, for sale by owner homes, residential lots, and new homes in various subdivisions across the Nashville Metro region.information on this page is based on information on single family homes for sale in Westhaven per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed. This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
I hosted an open house on Sunday. The weather was beautiful and the open house was in a good location to attract passers-by. We had ten couples who visited that day.As the sellers returned home, I told them we had good traffic but not sure any were legitimate buyers. They suggested we have an open house every week because they are getting more buyers through the house in two hours than they do all week. Just because these people attended the open house doesn't mean they are actual buyers. Sellers often think that visitors attending an open house are interested in buying their house right now and have chosen to view it through an open house rather than contacting an agent. This is rarely the case. As a matter of fact, in the eight years I've been selling real estate, only one open house ...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
403 Letitia Dr, Franklin TN 37067 SOLD!in Villages of ClovercroftWhen Franklin Homes Realty LLC listed 403 Letitia Dr, Franklin TN 37067 back in August, there weren't any homes on the market in the Villages of Clovercroft neighborhood. The sellers had made some wonderful additions to this home including landscape lighting, brick paver patio with gas powered fire pit and a Koi pond. The interior had so many upgrades, we knew it was going to be hard to compete with homes in the neighborhood of a similar size that might be priced better but had fewer amenties. We took advantage of this lull in inventory and priced the home more in line with the new construction of Amelia Park about a mile down the road. Not surprisingly, neighbors saw this as an opportunity to enter the market at a higher ...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Westhaven Homes in Franklin TN - 13 homes sold during the month of September at an average price of $566,144. Westhaven homes in Franklin TN are always in high demand, and the prices reflect that. With 49 homes currently in under contract, you can expect the sales volume to continue for the rest of the year. 13 Westhaven homes sold during the month of April the average price of homes sold during the month was $566,144 the average size of Westhaven homes sold was 2836 square feet the average days on market for homes sold was 70 days the list price to sales price ratio was 101% so don't even think about a low ball offer 49 Westhaven homes in Franklin Tn are currently under contract 73 homes are currently listed in the Nashville MLS but most are still under construction Westhaven homes in ...
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