Franklin, TN Real Estate News

By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Cedarmont Farms Home Worth? May 2016 Properties active on the market: 1 Single-family properties closed in May: 2 Average sales price: $485,000 Average list price: $492,450 Sales price to list price ratio: 98.5% Average days on the market: 94 Cedarmont Farms 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). Cedarmont Farms is experiencing an extreme seller's market. The list price to sales price is very good, however,  the average days on the market seems a little high. Even so, with less than 30 days of inventory, now may be a good time to list your Cedarmont Farms home.Wondering what your Cedarmont Farms home is worth? Ju...
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By The Brewer Team - Benchmark Realty
(Benchmark Realty)
Franklin Tn homes for sale - 236 Franklin homes closed during the month of July compared to 245 for the same month in 2015. It seems that the market is stalled in this pattern due to a lack of inventory causing potential sellers to resisting listing their homes for fear that their home will sell and they won't be able to find a good replacement. The prices of Franklin homes have increased only 5% in a price per square foot basis. The prices have remained the same but the average size of homes sold decreased to 3103 square feet from 3271 square feet last year. The most important thing you need to know is that we are still in a very competitive sellers market with less than 2 months of available inventory at the current sales pace. the median list price to sales price ratio for Franklin T...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
The Franklin housing market has been brutal on home buyers. Gone are the days of taking out buyers to see several homes and then taking a day or so to decide whether to make an offer. Buyers who don't pull the trigger immediately will likely miss out on a purchase.This is an especially difficult concept for first-time home buyers. Due to HGTV, these buyers think they'll have lots of time and options before making a decision. Neither are true. In the last week, I've had an opportunity to work with two first-time home buyers.First-Time Buyers #1: My first couple drove six hours to look at one townhome. I had explained the state of our market before the buyers made the trip. They had been looking at listings on my website for months. This was the first property that even remotely intereste...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin Tn Condos For Sale and August 2016 market update 27 Franklin Tn condos sold during the month of August with the average price of sold properties being $262,007. With an absorption rate of just a little over one month, most new listings go under contract within a few days, and the list price to sales price ratio of 99% shows that sellers are usually getting what they want as far as price goes. the average sales price for the month was $262,007 34 condos are currently pending sale the days on market for condos sold is down to 49 days the average size of condos sold was 1481 square feet 35 condos are currently listed in the Nashville MLS as available for purchase Search for Franklin TN condos here, and when you are ready to start looking, call Larry Brewer at 615-512-7853 $510,000...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Breezeway Home Worth? May 2016 Properties active on the market: 1 Single-family properties closed in May: 5 Average sales price: $619,282 Average list price: $629,460 Sales price to list price ratio: 98.4% Average days on the market: 68 Breezeway 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). Breezeway is experiencing a seller's market. The list price to sales price is excellent and the average days on the market are reasonable given recent changes to lending laws. With less than 30 days of inventory, now may be a good time to list your Breezeway home.Wondering what your Breezeway home is worth? Just click the photo belo...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Brandon Park Downs Home Worth? May 2016 Properties active on the market: 1 Single-family properties closed in May: 2 Average sales price: $1,034,950 Average list price: $1,109,950 Sales price to list price ratio: 93.2% Average days on the market: 64 Brandon Park Downs 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). Brandon Park Downs is experiencing an extreme seller's market, however, the sales price to list price ratio is very low. Likely due to these properties being over-priced when they came on the market.Pricing your home right from the beginning will be the key to a quick sale. Homes that linger on the market usual...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Berry Farms Home Worth? May 2016 Properties active on the market: 9 Single-family properties closed in May: 2 Average sales price: $517,664 Average list price: $515,275 Sales price to list price ratio: 100.5% Average days on the market: 87 Berry Farms 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). Berry Farms looks as though it's in a buyer's market but looks can be deceiving. While there weren't many closings, homes sold over asking price. The remaining inventory is new construction and buyers should expect to pay asking price or above. This is good news for existing home sellers. However, given that new construction is ...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Ashton Park Home Worth? May 2016 Properties active on the market: 4 Single-family properties closed in May: 2 Average sales price: $592,450 Average list price: $599,450 Sales price to list price ratio: 98.8% Average days on the market: 34 Ashton 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). Ashton Park is experiencing an extreme seller's market. The list price to sales price is excellent and the average days on the market are low. With less than 2 months of inventory, now may be a good time to list your Ashton Park home.Wondering what your Ashton Park home is worth? Just click the photo below and you will receive yo...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Franklin TN Home Worth? April 2016 Properties active on the market: 480 Single-family properties closed in April: 166 Average sales price: $560,148 Average list price: $569,999 Sales price to list price ratio: 98.3% Average days on the market: 68 Franklin TN absorption rate: 2.9 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). Franklin TN is experiencing a seller's market. The list price to sales price is very good and the average days on the market are within reason given the change to lending laws. With less than 90 days of inventory, now may be a good time to list your Franklin TN home.Wondering what your Franklin TN home is worth? Just cl...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Sullivan Farms Home Worth? April 2016 Properties active on the market: 3 Single-family properties closed in April: 5 Average sales price: $384,500 Average list price: $390,380 Sales price to list price ratio: 98.5% Average days on the market: 55 Sullivan Farms absorption rate: .6 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). Sullivan Farms is experiencing an extreme seller's market. The list price to sales price is very good and the average days on the market are good given recent lending requirements. With less than 30 days of inventory, now may be a good time to list your Sullivan Farms home.Wondering what your Sullivan Farms home is wor...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin TN homes for sale - 236 Franklin homes closed during the month of July compared to 245 for the same month in 2015. It seems that the market is stalled in this pattern due to a shortage of available homes.  the median list price to sales price ratio for Franklin TN homes in July was 99.5% 168 homes are under contract and scheduled to close at this time 522 Franklin TN homes are currently listed in the Nashville MLS as available for purchase the absorption rate based on July sales is 2 months the average sales price of homes sold was $528,228 the average price per square feet of home sold was $170, compared to $162 for the same period last year   Search for Franklin TN homes for sale here  For the most-up-to-date information on Franklin homes values, then we urge you to contact u...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Westhaven Home Worth? April 2016 Properties active on the market: 49 Single-family properties closed in April: 15 Average sales price: $689,707 Average list price: $691,421 Sales price to list price ratio: 99.3% Average days on the market: 109 Westhaven absorption rate: 3.3 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). Westhaven is experiencing a seller's market. Sixty-four percent of the home sales in April were due to new construction. While new construction is bolstering the existing home prices, sellers should be prepared to price their homes lower than new home inventory. New construction will be your primary competition.The average d...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Stream Valley Home Worth? April 2016 Properties active on the market: 17 Single-family properties closed in April: 3 Average sales price: $478,203 Average list price: $477,167 Sales price to list price ratio: 100.2% Average days on the market: 80 Stream Valley absorption rate: 5.7 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). While the numbers suggest Stream Valley is experiencing an extreme buyer's market, buyers should expect to pay close to asking price. The majority of the homes listed are new construction but existing homes have begun to enter the resale market. This new construction is bolstering home prices but existing home sellers...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Rogersshire Home Worth? April 2016 Properties active on the market: 1 Single-family properties closed in April: 3 Average sales price: $366,167 Average list price: $375,667 Sales price to list price ratio: 97.5% Average days on the market: 57 Rogersshire absorption rate: .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). Rogersshire is experiencing an extreme seller's market. The list price to sales price is low given the price point but the average days on the market are acceptable reasonable. With less than 30 days of inventory, now may be a good time to list your Rogersshire home.Wondering what your Rogersshire home is worth? Just click t...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Riverview Park Home Worth? April 2016 Properties active on the market: 2 Single-family properties closed in April: 5 Average sales price: $330,600 Average list price: $337,880 Sales price to list price ratio: 97.84% Average days on the market: 44 Riverview 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). Riverview Park is experiencing an extreme seller's market. The sales price to list price ratio is low given the price point; suggesting homes were priced too high when they came on the market. However, the average days on the market are low. With less than 30 days of inventory, now may be a good time to list your Rive...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Ralston Glen Home Worth? April 2016 Properties active on the market: 1 Single-family properties closed in April: 2 Average sales price: $410,000 Average list price: $409,773 Sales price to list price ratio: 100.1% Average days on the market: 34 Ralston Glen 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). Ralston Glen is experiencing an extreme seller's market. The list price to sales price is excellent and the average days on the market are low. With less than 30 days of inventory, now may be a good time to list your Ralston Glen home.Wondering what your Ralston Glen home is worth? Just click the photo below and you will ...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Polk Place Home Worth? April 2016 Properties active on the market: 1 Single-family properties closed in April: 4 Average sales price: $454,850 Average list price: $462,175 Sales price to list price ratio: 98.4% Average days on the market: 54 Polk Place absorption rate: .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). Polk Place is experiencing an extreme seller's market. The list price to sales price is excellent and the average days on the market are acceptable given recent changes to lending requirements. With less than 30 days of inventory, now may be a good time to list your Polk Place home.Wondering what your Polk Place home is worth?...
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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? April 2016 Properties active on the market: 5 Single-family properties closed in April: 5 Average sales price: $457,980 Average list price: $463,560 Sales price to list price ratio: 98.8% Average days on the market: 59 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 good and the average days on the market are acceptable given new lending requirements. 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 cli...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Lockwood Glen Home Worth? April 2016 Properties active on the market: 16 Single-family properties closed in April: 3 Average sales price: $486,408 Average list price: $487,233 Sales price to list price ratio: 99.8% Average days on the market: 58 Lockwood Glen absorption rate: 5.3 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 Lockwood Glen is in a buyer's market, nothing could be further from the truth. This neighborhood is still under construction but existing homes have begun to enter the resale market. The majority of the listings and closed sales are due to new construction.While new construction is bolstering ...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Legends Ridge Home Worth? April 2016 Properties active on the market: 3 Single-family properties closed in April: 4 Average sales price: $1,090,000 Average list price: $1,129,975 Sales price to list price ratio: 96.5% Average days on the market: 107 Legends Ridge 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). Legends Ridge is experiencing an extreme seller's market. While the sales price to list price ratio is low and the average days on the market are high, 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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