Franklin, TN Real Estate News

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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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Laurelbrooke Home Worth? April 2016 Properties active on the market: 18 Single-family properties closed in April: 2 Average sales price: $2,125,000 Average list price: $2,397,450 Sales price to list price ratio: 88.6% Average days on the market: 108 Laurelbrooke absorption rate: 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). 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. Although, that's to be expected in homes priced over $2M. One of the homes sold for $445K under asking price and was on the market for nearly six months. Sellers must pri...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Ladd Park Home Worth? April 2016 Properties active on the market: 29 Single-family properties closed in April: 17 Average sales price: $462,781 Average list price: $453,159 Sales price to list price ratio: 102.1% Average days on the market: 51 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. Only three existing homes sold in Ladd Park during April at 97.6% of list price versus 14 new construction selling at 103.3% of list price.While new construction is bol...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Harts Landmark Home Worth? April 2016 Properties active on the market: 7 Single-family properties closed in April: 2 Average sales price: $926,500 Average list price: $945,500 Sales price to list price ratio: 98% Average days on the market: 51 Harts Landmark absorption rate: 3.5 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). Harts Landmark is experiencing a seller's market. This neighborhood is still under construction but existing homes have begun to enter the resale market. One of the homes sold in April was in that new category. Owners who have decided to sell to take advantage of the rise in prices since they built may have a difficult ...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Garden Club Estates Home Worth? April 2016 Properties active on the market: 3 Single-family properties closed in April: 2 Average sales price: $573,500 Average list price: $589,700 Sales price to list price ratio: 97.3% Average days on the market: 63 Garden Club Estates 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). Garden Club Estates is experiencing an extreme seller's market. While the sales price to list price ratio is good and the average days on the market are acceptable given recent changes to mortgage lending requirements, these numbers could be improved with pricing. Even so, this is an excellent time to list y...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Franklin Green Home Worth? April 2016 Properties active on the market: 2 Single-family properties closed in April: 4 Average sales price: $310,488 Average list price: $309,963 Sales price to list price ratio: 100.2% Average days on the market: 49 Franklin Green 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). Franklin Green is experiencing an extreme seller's market. The sales price to list price ratio is excellent and the average days on the market are also within reason given the recent changes to mortgage lending requirements. With less than a month of inventory, now may be an excellent time to list your Franklin Green ...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Forrest Crossing Home Worth? April 2016 Properties active on the market: 6 Single-family properties closed in April: 2 Average sales price: $324,750 Average list price: $323,297 Sales price to list price ratio: 100.4% Average days on the market: 56 Forrest Crossing 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). Forrest Crossing is experiencing a seller's market. The sales price to list price ratio is excellent and the average days on the market are also within reason given the recent changes to mortgage lending requirements. With only three months of inventory, now may be an excellent time to list your Forrest Crossing ho...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Westhaven Homes in Franklin TN - 18 homes sold during the month of July at an average price of $673,545, an increase of 4.8% over the same period last year. The list price to sales price ratio average was 98.7% so sellers are still getting list price most of the time, and the absorption rate based on July sales is still only 4 months. 18 Westhaven homes sold during the month of July the average price of homes sold during the month was $673,545 the average size of Westhaven homes sold was 3380 square feet the average days on market for homes sold was 101 days, remember that most are still new construction homes that are listing long before they are finished 34 Westhaven homes are currently pending sale 74 Westhaven homes are currently listed in the Nashville MLS but most are still under ...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Fieldstone Farms Home Worth? April 2016 Properties active on the market: 15 Single-family properties closed in April: 9 Average sales price: $402,032 Average list price: $407,322 Sales price to list price ratio: 98.7% Average days on the market: 60 Fieldstone Farms 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). Fieldstone Farms 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 also acceptable with the new lender changes. With less than two months inventory, now may be an excellent time to list your Fieldstone Farms home.Wondering what your...
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By The Brewer Team - Benchmark Realty
(Benchmark Realty)
Ladd Park homes for sale - 33 homes closed during the month of June, compared to just 13 the same period last year, an increase of 150%. The average price increased 5% to $467,734. The absorption rate is down to one month. The average sales price for Ladd Park homes sold during the month was $467,734 compared to $443,974 last year. average days on market is down to 43, leaving almost no time to view a home before it's sold the average size of Ladd Park homes sold during June was 2955 square feet making the average price per square foot $158 119 homes are currently pending sale 35 Ladd Park homes are listed in the Nashville MLS as available for purchase The absorption rate for Ladd Park homes is one month based on sales during June and the current inventory Ladd Park is a neighborhood of...
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