Franklin, TN Real Estate News

By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
Several times a year, Tennessee Real Estate Commission (TREC) offers update sessions at our local association. These sessions are led by TREC staff. They cover a multitude of topics. However, the topic of most interest is TREC advertising requirements. There always seems to be some confusion on this particular subject.Today, one agent shared that her client was so dissatisfied with our local MLS, that the seller is hiring a web designer to produce her own single-property website for her upcoming listing. Our MLS only posts 20 photos. This particular client has a large home and didn't think that number of photos was sufficient.As I heard this agent speak, I realized how little some agents know about the many options now available to them to promote their listings. It was clear this agent...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
Today while talking with a prospective buyer, I asked if he was already working with a real estate agent. He said he had not committed to one agent, nor would he. "Whoever finds me the right house, will get my business." In other words, whoever contacts him first, will get his business.Franklin TN is in a hot seller's market. Homes are going under contract within hours of hitting the market. I check the hot sheets multiple times daily looking at new listings for my buyers. I understand it's important to get them in the first day or take the risk that the house will already be gone.Time is of the essence.However, the idea that a buyer would choose me only because of my expediency in contacting him, didn't entice me to work with this person. He doesn't expect me to do anything I'm not cur...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
This morning, I was contacted by a woman who is retiring to Franklin in a couple of years. She and her husband are making a trip here this weekend and she asked me to show her some properties. I explained it's a little soon to look at houses. Scheduled showings are designed for serious buyers. While she may be serious about buying here, there isn't any immediacy.Instead, I suggested she drive through historic, downtown Franklin, park the car and visit the many shops and boutiques located there. Have lunch at Puckett's Grocery or 55 South. Then hop into the car and take a drive out to Leipers Fork and visit the art galleries and shops there. On the way back, she should hit the Natchez Trace Parkway.A drive through neighborhoods is always a good idea. I suggested a few Franklin neighborho...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
As a Franklin TN REALTOR® with a global reach, I have an opportunity to work with buyers from other states and even other countries. Oftentimes, these buyers think of Franklin TN as a small, rural community. While there are rural parts of Franklin, the City of Franklin is definitely not a small, rural town.It is located 15 miles south of Nashville, just a 30 minute commute. Like any city within such a short drive of a large metropolitan area, median home prices and median household incomes are higher. It's also located in one of the richest counties in the country. If you're relocating to Franklin, you should know median home prices are up.Recent Franklin TN statistics: Median Single-Family Home Price for 2014: $405,726 (2.3% appreciation over 2013 based upon Realtracs.com) Median Incom...
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By Tom White, Franklin Homes Realty LLC, Franklin TN
(Franklin Homes Realty LLC (615) 495-0752 or www.FranklinHomesRealty.com)
Franklin TN Condo and Townhome Market Trends -- April 2015 What's happening in the Franklin TN Condo and Townhome market? Should I buy now or wait? Should I get my condo or townhome on the market right away or delay? All good questions about the Franklin TN Condo and Townhome market. The best place to start is to look at a current market report. Let's see what happened in Franklin TN in March 2015. Active condo/townhomes listings: 63 Of those units currently on the market, the number under contract: 20 Properties closed in March: 14 Average sales price: $207,560 Average list price: $211,146 Average sales price to list price ratio: 98.3% Average days on the market: 104 Median Days on the market: 55 Average per SF price: $143.64 Lowest per SF price: $79.23 (Executive House Condos) Highest...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
You've decided to move to Franklin TN but there are so many neighborhoods it's hard to know where to begin. Let me start by saying it is best to enlist the help of a knowledgeable REALTOR® whenever you are buying a home. You will save countless hours driving around in your car searching for the right home.If you've decided new construction homes in Franklin TN are most appealing to you, you still want to enlist the help of an agent. He/she may be able to save you thousands of dollars while representing your interests in the negotiation process. Yes, you negotiate on the purchase of a new construction home in just the same way you would negotiate the purchase of an existing home. However, builders don't budge off their base price. Given our current market, don't expect to get more than 1...
Comments 7
By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
McKays Mill homes for sale- during the month of March, only 2 homes sold in Mckays Mill. I'm sure that's the lowest number we will see for many years. As of today, 17 homes are under contract and waiting to close with only 12 homes available for purchase. The extreme sellers market that most neighborhoods in Franklin are experiencing is active in Mckays Mill also. 2 McKays Mill homes sold in the month of March 12 homes are currently available for purchase 17 Mckays Mill homes are currently under contract and pending sale average days on market for homes sold was 36 days Here is a summary of the conditions of the market for Mckays Mill homes, and it's sister next door the Villages of Clovercroft, it's a red-hot sellers market. Most new listings have an offer within 24 hours now, be prepa...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Willowsprings Home Worth? February 2015 Properties currently Active on the market: 4 Single-family properties closed in February: 3 Average sales price: $466,000 Average list price: $476,265 Average sales price to list price ratio: 97.8% Average days on the market: 79 Active under contract: 2 Willowsprings absorption rate: .7 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) Willowsprings is experiencing an extreme seller's market. The average sales price to list price ratio is good and the average days on the market are relatively. It looks like homes in this neighborhood are in demand.Want to know what your Willowsprings home is worth? Click the photo below t...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Sullivan Farms Home Worth? February 2015 Properties currently Active on the market: 7 Single-family properties closed in February: 4 Average sales price: $387,250 Average list price: $395,350 Average sales price to list price ratio: 98% Average days on the market: 92 Active listings under contract: 5 Sullivan Farms 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) Sullivan Farms is currently experiencing an extreme seller's market. The sales price to list price ratio is excellent. The average days on the market is due to a listing that was on the market 235 days driving up this number. Based on the available homes, it looks like a good time ...
Comments 2
By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Dallas Downs homes for sale in Franklin Tn 37064 - 3 homes closed during the month of March at an average price of $324,166 and an average price per square ft of $138. For a neighborhood of all brick homes in Franklin, Dallas downs homes are a very good bargain, and the market usually doesn't let bargains go unnoticed. 3 Dallas Downs homes sold during the month of March 3 homes are currently under contract waiting to close 3 homes are listed in the Nashville MLS as available for purchase the asborption rate based on recent sales and available homes is now one month the list price to sales price ration of Dallas Downs homes is 98% Search for Dallas Downs homes for sale here The median days on market for Dallas Downs homes over the last year is only 48 days, so most homes are under contra...
Comments 2
By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Ladd Park Homes for sale - during the month of March, 6 Ladd Park homes closed at an average price of $455,840. Expect closing to increase exponentially over the next few months because Ladd Park home sales are mostly new construction homes, and not a lot of new construction was happening during January and February. Assuming we get typical spring weather, expect the closings to go back to more than 10 per month for the rest of the year. 6 Ladd Park homes closed during the month of March average days on market for homes sold was 57 days the list price to sales price ratio for homes sold during the month of March was 99% 39 Ladd Park homes are currently pending sale at this time 46 Ladd Park homes are listed in the Nashville MLS as available for purchase, but most are still under constru...
Comments 2
By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Polk Place Home Worth? February 2015 Properties currently Active on the market: 6 Single-family properties closed in February: 2 Average sales price: $394,950 Average list price: $394,950 Average sales price to list price ratio: 100% Average days on the market: 79 Active listings under contract: 6 Polk Place 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) Polk Place is in an extreme seller's market. The average days on the market are good and the sales price to list price ratio is excellent. Additionally, every active listing is already under contract. There isn't one house available to purchase in Polk Place right now. Guess what that mean...
Comments 2
By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
Today, I received a call from a woman inquiring about Jamison Station. She had Googled the development and our website popped up.She wanted to know if any condos were currently available. I told her the only active listing was already under contract. I asked if she was working with a real estate agent. To which she responded she was a real estate agent.Confused, I asked why she had called me. She stated she thought I was the homeowner's association. Well, first of all, it's not typical to get active listing information from the HOA. Secondly, she had found me through a Google search. Did she not click on the link? Obviously, she had my phone number. She must have gotten it from my site. Didn't she realize it was an agent website?This is the second time this week I've been contacted by a...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Franklin Green Home Worth? February 2015 Properties currently Active on the market: 4 Single-family properties closed in February: 2 Average sales price: $278,000 Average list price: $278,450 Average sales price to list price ratio: 99.8% Average days on the market: 29 Active listings under contract: 3 Franklin Green 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) Franklin Green is experiencing an extreme seller's market. With homes priced under $300,000 in Franklin, this neighborhood is always in demand. The sales price to list price ratio is excellent and the average days on the market are very low, suggesting this is a great time to list...
Comments 3
By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Forrest Crossing Home Worth? February 2015 Properties currently Active on the market: 6 Single-family properties closed in February: 3 Average sales price: $358,000 Average list price: $371,558 Average sales price to list price ratio: 96.3% Average days on the market: 43 Active listings under contract: 1 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. Given this, it's surprising the average days on the market are low. Are you curious what your Forrest Crossing home is worth? Just click the photo below an...
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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? February 2015 Properties currently Active on the market: 24 Single-family properties closed in February: 5 Average sales price: $414,200 Average list price: $425,940 Average sales price to list price ratio: 97.2% Average days on the market: 103 Active listings under contract: 11 McKay's Mill absorption rate: 4.8 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) McKay's Mill continues to be in a seller's market. However, the average days on the market are high and the sales price to list price ratio is low in comparison to other sales within the same price range in Franklin. Several of these homes were on the market over 100 days, sugges...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Fieldstone Farms Home Worth? February 2015 Properties currently Active on the market: 13 Single-family properties closed in February: 8  Average sales price: $331,806 Average list price: $337,812 Average sales price to list price ratio: 98.2% Average days on the market: 64 Active listings under contract: 7 Fieldstone Farms 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) Fieldstone Farms in one of the best selling Franklin TN neighborhoods right now. They are clearly in an extreme seller's market. The average days on the market are good and the sales price to list price ratio is excellent. Buyers flock to this neighborhood for its affordab...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
When you work with Franklin Homes Realty, you'll learn that we keep a close eye on the housing market. This is especially important for our buyers hoping to purchase a home priced under $400,000. Many of these homes are selling in the first day. We check the HOT SHEET several times daily hunting for homes that meet our prospective buyer's criteria. We know it's important for them to see homes quickly. Franklin Homes Realty makes every effort to make that happen. Such was the case this week. On Thursday evening, a home came on the market in a highly desirable neighborhood. The listing agent hadn't even posted the photos, but I knew it was perfect for one of our buyers. I sent them an email stating that we should try to see this home immediately after work on Friday night. Unfortunately, ...
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By The Brewer Team - Benchmark Realty
(Benchmark Realty)
Westhaven Homes in Franklin TN - March 2015 - Franklin was under sever weather conditions for a lot of February but homes still sold in Westhaven. I believe that March sunshine will bring out home buyers in mass, driving up prices even more. 5 Westhaven homes sold during the month of February the average price of homes sold during the month was $912,042 the average size of Westhaven homes sold was 4487 square feet the average days on market for homes sold was 36 days the list price to sales price ratio was 99% not uncommon for new construction neighborhood 40 Westhaven homes are currently pending sale 69 homes are currently listed in the Nashville MLS but most are still under construction These prices are due to a weak sales month based on terrible weather and the homes that sold were o...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Polk Place Homes In Franklin TN - April 2015 Polk Place homes have lately been selling like girl scout cookies with 4 closings in the month of March and 6 homes currently under contract, leaving only one home available for purchase. The absorption rate on Polk Place homes now based on these numbers is one week. As crazy as it seems, this is now the market for affordable homes in Franklin. Almost every home in Polk Place is priced in the $400,000 to $500,000 range, in the sweet spot of affordability with an average price per square feet of around $130. 4 Polk Place homes sold in the month of March the average price of homes sold was $426,325 6 homes are currently under contract to close 1 Polk Place home is available for purchase I expect the demand for homes in Polk Place to continue as...
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