Franklin, TN Real Estate News

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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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Legends Ridge Home Worth? May 2016 Properties active on the market: 5 Single-family properties closed in May: 2 Average sales price: $1,037,500 Average list price: $1,042,500 Sales price to list price ratio: 99.5% Average days on the market: 121 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 a seller's market. While the sales price to list price ratio is excellent, the average days on the market are high. Even so, inventory remains low. Given that this segment of the market is seeing more activity, now may be a good time to list your Legends Ridge home.Pricing your home right ...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Laurelbrooke Home Worth? August 2016 Properties active on the market: 16 Single-family properties closed in August: 2 Average sales price: $1,600,000 Average list price: $1,799,500 Sales price to list price ratio: 88.9% Average days on the market: 189 Laurelbrooke absorption rate: 8 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). Laurelbrooke is experiencing an extreme buyer's market. The sales price to list price ratio is terrible and the average days on the market are high. This suggests sellers are pricing their homes too high when they first come on the market. July's sales were significantly better than this past month. Sellers must pri...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Laurelbrooke Home Worth? July 2016 Properties active on the market: 16 Single-family properties closed in July: 5 Average sales price: $1,531,525 Average list price: $1,546,734 Sales price to list price ratio: 99% Average days on the market: 74 Laurelbrooke absorption rate: 3.2 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). Laurelbrooke had a good month in July. The average sales price to list price ratio is excellent and the average days on the market are low given the price point. It looks like these sellers did what they had to do to take advantage of our hot seller's market. Sellers must price accordingly from the time their home hits t...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Laurelbrooke Home Worth? May 2016 Properties active on the market: 16 Single-family properties closed in May: 7 Average sales price: $1,347,071 Average list price: $1,432,343 Sales price to list price ratio: 94% Average days on the market: 172 Laurelbrooke absorption rate: 2.3 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). While the numbers suggest Laurelbrooke is experiencing a seller's market, the sales price to list price ratio is low. The average days on the market suggest these homes may have been over-priced when they came on the market. Sellers must price accordingly from the time their home hits the market or take the risk of not se...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Ladd Park Home Worth? August 2016 Properties active on the market: 41 Single-family properties closed in August: 33 Average sales price: $452,485 Average list price: $445,373 Sales price to list price ratio: 101.6% Average days on the market: 37 Ladd Park 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). Ladd Park is experiencing an extreme seller's market. This neighborhood is still under construction but existing homes have begun to enter the resale market. Seventy-nine percent of the homes closed in August were new construction. While new construction is bolstering the existing home prices, sellers should be prepared to...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Ladd Park Home Worth? July 2016 Properties active on the market: 41 Single-family properties closed in July: 24 Average sales price: $458,933 Average list price: $448,602 Sales price to list price ratio: 102.3% Average days on the market: 31 Ladd Park absorption rate: 1.7 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). Ladd Park is experiencing an extreme seller's market. This neighborhood is still under construction but existing homes have begun to enter the resale market. Eighty-three percent of the homes closed in July were new construction. While new construction is bolstering the existing home prices, sellers should be prepared to price...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Ladd Park Home Worth? June 2016 Properties active on the market: 41 Single-family properties closed in June: 30 Average sales price: $469,712 Average list price: $454,869 Sales price to list price ratio: 103.3% Average days on the market: 42 Ladd Park absorption rate: 1.4 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). Ladd Park is experiencing an extreme seller's market. This neighborhood is still under construction but existing homes have begun to enter the resale market. Ninety percent of the homes closed in June were new construction. While new construction is bolstering the existing home prices, sellers should be prepared to price their...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Ladd Park Home Worth? May 2016 Properties active on the market: 26 Single-family properties closed in May: 15 Average sales price: $475,595 Average list price: $460,950 Sales price to list price ratio: 103.2% Average days on the market: 28 Ladd Park absorption rate: 1.7 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). Ladd Park is experiencing an extreme seller's market. This neighborhood is still under construction but existing homes have begun to enter the resale market. Ninety-three percent of the homes closed in May were new construction. While new construction is bolstering the existing home prices, sellers should be prepared to price th...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Hurstbourne Park Home Worth? August 2016 Properties active on the market: 8 Single-family properties closed in August: 2 Average sales price: $679,425 Average list price: $680,907 Sales price to list price ratio: 99.8% Average days on the market: 10 Hurstbourne Park absorption rate: 4 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). Hurstbourne Park is experiencing a seller's market. The sales price to list price ratio is excellent and the average days on the market are low. As we move into the Fall months, sales have begun to slow down. Sellers would be wise to remember that new construction is their primary competition. Pricing your home ri...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Hurstbourne Park Home Worth? July 2016 Properties active on the market: 8 Single-family properties closed in May: 4 Average sales price: $694,397 Average list price: $696,697 Sales price to list price ratio: 99.7% Average days on the market: 58 Hurstbourne Park absorption rate: 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). Hurstbourne Park is experiencing an extreme seller's market. The sales price to list price ratio is excellent and the average days on the market are good. With just two months of inventory available, this is an excellent time to list your Hurstbourne Park home. Sellers would be wise to remember that new construction is...
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