Franklin, TN Real Estate News

By Mike Grumbles, The Relocation Engineer in Franklin TN
(Gray Fox Realty)
Gray Fox Realty is privileged to get to call downtown Franklin, TN home in a quaint 1912 cottage they is referred to as the World Headquarters.   Gray Fox Realty was the brain-child of Mike Grumbles and Joey McCloskey at the end of 2016 with operations beginning in early 2017.   The company is different in that it has a give back attitude and that is exemplified in the flat fee full service model without any upselling.  The typical GFR client  saves $16,000 in real estate commission when compared to a 6% listing agreement.   Commissions are negotiable, but why force your friends, family, and neighbors to negotiate for a great service at a great price.  The other thing that sets the company apart from most brokerages (and we mean almost all of them) is the centralized control of marketin...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
The Franklin Tennessee housing market continues to be a hot seller's market. Agents are scrambling to find homes for their clients due to lack of inventory. Buyers are actively looking for new properties to come on the market. That includes buyers driving neighborhoods looking for "coming soon" signs.I always use a "coming soon" sign on my properties. However, I believe the timing of that sign is as important as the sign itself. I have seen agents post a coming soon sign weeks before their sellers are ready to list or show their properties. Not only is it not beneficial to their sellers, it may be an MLS violation. Most local multiple listing associations have rules governing the use of these signs.While out showing properties yesterday, I observed one of these coming soon signs. Given ...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin TN Homes - September 2016 - The average price of homes sold in August increased 10.5% to $533,951 compared to the same month last year. New home construction is still lagging behind demand in Franklin as it has been for several years. 219 Franklin TN homes closed during the month of August compared to 245 for the same period last year the median list price to sales price ratio for Franklin TN homes in July was 99.4% 541 Franklin TN homes are currently listed in the Nashville MLS as available for purchase the absorption rate based on August sales is 2 months the average sales price of homes sold was $533,951 compared to $483,221 last year the average price per square feet of home sold was $175, compared to $159 for the same period last year   Search for Franklin TN homes for sal...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
McKay's Mill Homes for Sale | Buying Tips September 2016McKay's Mill homes for sale are located just east of Interstate 65 off Liberty Pike in Franklin TN. It is in zip code 37067 and falls within the area of Franklin known as Cool Springs. It gets this name due to its close proximity to Cool Springs Galleria. McKay's Mill is located in Williamson County. Students attend Williamson County Schools and Franklin Special School District. McKay's Mill is one of the largest neighborhoods in Franklin with nearly 1,600 homes and one of the most affordable in zip code 37067. There is a variety of housing offered here from 1,352 SF, two-bedroom condos to 7,000 SF executive-style homes with basements. The amenities are top-notch with an Olympic-sized pool, fitness center, playgrounds, passive park...
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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? August 2016 Properties active on the market: 12 Single-family properties closed in August: 10 Average sales price: $455,140 Average list price: $456,850 Sales price to list price ratio: 99.6% Average days on the market: 51 McKay's Mill absorption rate: 1.2 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market).  McKay's Mill is experiencing an extreme seller's market. The sales price to list price ratio is excellent and the average days on the market are acceptable given new lending requirements. With less than two months of inventory, now may be a good time to list your McKay's Mill home.Wondering what your McKay's Mill hom...
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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? July 2016 Properties active on the market: 12 Single-family properties closed in July: 8 Average sales price: $445,775 Average list price: $452,947 Sales price to list price ratio: 98.4% Average days on the market: 57 McKay's Mill absorption rate: 1.5 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market).  McKay's Mill is experiencing an extreme seller's market. The sales price to list price ratio is very good and the average days on the market are acceptable given new lending requirements. With less than two months of inventory, now may be a good time to list your McKay's Mill home.Wondering what your McKay's Mill home is ...
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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? June 2016 Properties active on the market: 12 Single-family properties closed in June: 10 Average sales price: $432,455 Average list price: $434,855 Sales price to list price ratio: 99.4% Average days on the market: 42 McKay's Mill absorption rate: 1.2 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market).  McKay's Mill is experiencing an extreme seller's market. The sales price to list price ratio is excellent and the average days on the market are low. With less than two months of inventory, now may be a good time to list your McKay's Mill home.Wondering what your McKay's Mill home is worth? Just click the photo below and...
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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? May 2016 Properties active on the market: 9 Single-family properties closed in May: 9 Average sales price: $456,433 Average list price: $459,778 Sales price to list price ratio: 99.3% Average days on the market: 38 McKay's Mill absorption rate: 1 month of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market).  McKay's Mill is experiencing an extreme seller's market. The sales price to list price ratio is excellent and the average days on the market are low. With just 30 days of inventory, now may be a good time to list your McKay's Mill home.Wondering what your McKay's Mill home is worth? Just click the photo below and you will recei...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Maplewood Home Worth? August 2016 Properties active on the market: 0 Single-family properties closed in August: 2 Average sales price: $330,000 Average list price: $325,950 Sales price to list price ratio: 101.2% Average days on the market: 44 Maplewood absorption rate: 0 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market). Maplewood is experiencing an extreme seller's market. The sales price to list price ratio is excellent and the average days on the market are low which suggests these homes were priced right. Pricing your home right in the beginning will be crucial to securing a sale. Buyers love the location and amenities offered in Maplewood...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Maplewood Home Worth? July 2016 Properties active on the market: 0 Single-family properties closed in July: 3 Average sales price: $320,333 Average list price: $323,133 Sales price to list price ratio: 99.1% Average days on the market: 33 Maplewood absorption rate: 0 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market). Maplewood is experiencing an extreme seller's market. The sales price to list price ratio is excellent and the average days on the market are low. This suggests sellers were counseled well on how to price their home correctly. Pricing your home right in the beginning will be crucial to securing a sale. Buyers love the location and ...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Maplewood Home Worth? June 2016 Properties active on the market: 0 Single-family properties closed in June: 1 Average sales price: $279,900 Average list price: $274,900 Sales price to list price ratio: 101.8% Average days on the market: 33 Maplewood absorption rate: 0 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market). Maplewood is experiencing an extreme seller's market. The sales price to list price ratio is excellent and the average days on the market are low.  This suggests these sellers were counseled well as to how to price their home. Pricing your home right in the beginning will be crucial to securing a sale. Buyers love the location and...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Maplewood Home Worth? May 2016 Properties active on the market: 0 Single-family properties closed in May: 4 Average sales price: $317,250 Average list price: $313,236 Sales price to list price ratio: 101.3% Average days on the market: 59 Maplewood absorption rate: 0 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market). Maplewood is experiencing an extreme seller's market. The sales price to list price ratio is excellent. The average days on the market were impacted by one house that lingered on the market for 140 days.  Pricing your home right in the beginning will be crucial to securing a sale. Buyers love the location and amenities offered in Ma...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Liberty Hills Home Worth? August 2016 Properties active on the market: 1 Single-family properties closed in August: 1 Average sales price: $300,000 Average list price: $299,900 Sales price to list price ratio: 100% Average days on the market: 59 Liberty Hills absorption rate: 1 month of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market). Liberty Hills is in an extreme seller's market. The sales price to list price ratio is excellent and the average days on the market are within reason. With just one month of inventory, now may be an excellent time to list your Liberty Hills home.Wondering what your Liberty Hills home is worth? Just click the photo below a...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Liberty Hills Home Worth? July 2016 Properties active on the market: 1 Single-family properties closed in July: 2 Average sales price: $371,000 Average list price: $373,500 Sales price to list price ratio: 99.3% Average days on the market: 20 Liberty Hills absorption rate: .5 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market). Liberty Hills 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. With less than one month of inventory, now may be an excellent time to list your Liberty Hills home.Wondering what your Liberty Hills home is worth? Just click the photo below and you...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Liberty Hills Home Worth? June 2016 Properties active on the market: 1 Single-family properties closed in June: 2 Average sales price: $350,000 Average list price: $349,950 Sales price to list price ratio: 100% Average days on the market: 20 Liberty Hills absorption rate: .5 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market). Liberty Hills 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. With less than one month of inventory, now may be an excellent time to list your Liberty Hills home.Wondering what your Liberty Hills home is worth? Just click the photo below and you ...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Liberty Hills Home Worth? May 2016 Properties active on the market: 1 Single-family properties closed in May: 1 Average sales price: $298,000 Average list price: $298,900 Sales price to list price ratio: 99.7% Average days on the market: 51 Liberty Hills absorption rate: 1 month of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market). Liberty Hills is in an extreme seller's market. The sales price to list price ratio is excellent and the average days on the market are within reason. With just one month of inventory, now may be an excellent time to list your Liberty Hills home.Wondering what your Liberty Hills home is worth? Just click the photo below and yo...
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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? August 2016 Properties active on the market: 14 Single-family properties closed in August: 2 Average sales price: $769,950 Average list price: $799,900 Sales price to list price ratio: 96.3% Average days on the market: 69 Leiper's Fork absorption rate: 7 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market). Leiper's Fork is experiencing a steady market. Even so, the list price to sales price is low and the average days on the market are high. It looks like these sellers may have priced their homes high when they listed. Leiper's Fork home sellers must realize pricing their home right is crucial to a quicker sale and will ...
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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? July 2016 Properties active on the market: 14 Single-family properties closed in July: 3 Average sales price: $609,500 Average list price: $624,933 Sales price to list price ratio: 97.5% Average days on the market: 141 Leiper's Fork absorption rate: 4.7 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market). Leiper's Fork is experiencing a seller's market. Even so, the list price to sales price is low and the average days on the market are high. It looks like these sellers may have priced their homes high when they listed. Leiper's Fork home sellers must realize pricing their home right is crucial to a quicker sale and will...
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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? June 2016 Properties active on the market: 14 Single-family properties closed in June: 3 Average sales price: $937,583 Average list price: $1,091,333 Sales price to list price ratio: 85.9% Average days on the market: 147 Leiper's Fork absorption rate: 4.7 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market). Leiper's Fork is experiencing a seller's market. Even so, the list price to sales price is terrible and the average days on the market are high. It looks like these sellers may have priced their homes very high when they listed. Leiper's Fork home sellers must realize pricing their home right is crucial to a quicker s...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Legends Ridge Home Worth? August 2016 Properties active on the market: 5 Single-family properties closed in August: 2 Average sales price: $1,040,000 Average list price: $1,062,450 Sales price to list price ratio: 97.9% Average days on the market: 126 Legends Ridge absorption rate: 2.5 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market). Legends Ridge is experiencing an extreme seller's market. The sales price to list price ratio is low and the average days on the market are high, which suggests these homes may have been overpriced when they came on the market. Given that luxury home sales are seeing more activity, now may be a good time to list ...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Legends Ridge Home Worth? June 2016 Properties active on the market: 5 Single-family properties closed in June: 1 Average sales price: $1,060,000 Average list price: $1,095,000 Sales price to list price ratio: 96.8% Average days on the market: 131 Legends Ridge absorption rate: 5 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market). Legends Ridge is in a steady market. The sales price to list price ratio is low and the average days on the market are high, which suggests home were priced too high when they came on the market. Even so, inventory remains low. Given that the luxury home segment is seeing more activity, now may be a good time to list y...
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