franklin tn market report: Franklin TN Real Estate January 2012 Market Trends - 02/20/12 01:43 PM
Franklin TN Real Estate
January 2012 Market Trends
Franklin TN Real Estate is usually the most reliable and successful of all of Middle Tennessee. Though the numbers can vary from month to month, the huge swings from year to year do not usually happen.
The number of homes closed in the month of January is down somewhat in Franklin, but we believe that the number only reflects the Resale Market. New Construction in Franklin is up for the first time in several years.
There are currently 142 homes pending with an average asking price of $437,493. … (1 comments)
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franklin tn market report: Franklin TN Real Estate - August 2011 Market Report - All numbers up! - 09/18/11 10:37 AM
Franklin TN Real Estate - August 2011 Market Report
All the numbers are up in Franklin this August! This is a great sign for the Franklin Real Estate market!
2010 2011 Percent increase
# of homes sold 124 129 +3%
Avg List Price $392,134 $410,794 +3.5%
Avg Sales Price $381,122 $391,737 +3%
GNAR (the Greater Nashville Association of Realtors) reported that home sales in the Middle Tennessee area were up 28% over the same period in 2010.
The first half of the year had distorted numbers … (4 comments)
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franklin tn market report: Franklin TN Real Estate - Chestnut Bend prices starting to rebound! - 11/08/10 03:01 PM
Franklin TN Real Estate - Chestnut Bend prices starting to rebound!
The number of home sales is down in Chestnut Bend but the prices seem to be recovering. At first glance it appears that they are continuing to fall, but that's just not the case. This is the 3rd quarter sales report showing the figures as to how they compare with the same time period in 2009.
From this chart, it looks like not only are sales down, but prices as well. The two properties that sold do show a lower average price but one of the properties was a … (2 comments)
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franklin tn market report: Franklin TN Real Estate - Chestnut Bend 2010 Spring Market Report - 05/21/10 10:04 AM
Franklin TN Real Estate - Chestnut Bend 2010 Spring Market Report
Chestnut Bend had 4 sales in the first quarter of 2009. There was only 1 in 2010. There are currently 6 properties for sale, 2 with contingencies and one Pending. The numbers look like this:
2009
4 Sales
Average List Price: $472,900
Average Sales Price: $462,500
Average Days on the Market: 102
Of the 4 sales in 2009, the average size of the home was 3816 square feet. They sold at an average of $119.79/square foot. The Sale in 2010 was 3400 square feet and sold at $113.24/sqft. Down … (3 comments)
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franklin tn market report: Franklin TN Real Estate - Founders Pointe 2009 Market Report - 02/10/10 03:00 PM
Franklin TN Real Estate - Founders Pointe 2009 Market Report
Founders Pointe is one of the few subdivisions that continues to not follow the trends here in Middle Tennessee. Last year we posted that their 2008 sales were strong and that EVERY home that was listed in 2008 SOLD. There were no expired or withdrawn listings. That's amazing for a neighborhood that size.
Here we've charted 2007, 2008 and 2009 so you can see how prices and sales have changed over the last couple of years.
… (2 comments)
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franklin tn market report: Franklin TN Real Estate - River Landing 2009 Market Report - 01/31/10 12:31 PM
Franklin TN Real Estate - River Landing 2009 Market Report
River Landing continues to ride a roller coaster with their prices going up and down each year in an attempt to get themselves stabilized. It doesn't help that one year the homes in the front of the subdivision sell and the next year those, larger and more expensive, in the back sell.
River Landing also suffered some of what I call the Nissan effect. That's where the Nissan employees moved here from Southern California in 2006. Many of them sold their million dollar bungalows and were able to pay cash … (2 comments)
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franklin tn market report: Franklin TN Real Estate - Chestnut Bend 2009 Market Report - 01/30/10 01:14 PM
Franklin TN Real Estate - Chestnut Bend 2009 Market Report
Chestnut Bend prices have finally stabilized and sales have increase a full 50 % over 2008. Homeowners saw their home prices decrease up to 22% when prices fell from their high in 2007.
There are currently only 2 homes on the market in Chestnut Bend. This would normally be considered Low Inventory. As we see the local market continue to pick up, these homes have positioned themselves well. There are currently 907 homes on the market in Franklin TN with an median asking price of $449,900.
Search for Homes in … (3 comments)
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franklin tn market report: Franklin TN Real Estate - River Landing Fall 2009 Market Report - 10/22/09 03:51 PM
Franklin TN Real Estate - River Landing Fall 2009 Market Report
At first glance, it appears that River Landing sales and prices are spiraling to the abyss. Looking back as far as 2007 and then seeing each individual sale, the numbers look much better than the following will report.
The number of sales in River Landing have been as follows: 12 in 2007, 9 in 2008 and so far 2 in 2009. There is one pending but these are actual closings from January through September. What is selling in 2009 are the more moderate priced homes. Those homes priced … (2 comments)
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franklin tn market report: Franklin TN Real Estate - Founders Pointe Fall 2009 Market Report - 10/21/09 05:58 PM
Franklin TN Real Estate - Founders Pointe Fall 2009 Market Report
Sales in Founders Pointe are down dramatically over last year. In 2008 19 homes sold in the first 9 months. In 2009 just 10. The good news in this is that prices have held well and in 2008 there were NO expired or withdrawn properties. That means that everyone who put there house on the market sold it. Could it be that with the current economy that the homeowners in Founders Pointe are just more content to stay put?
Founders Pointe has always been a popular neighborhood. Parents … (3 comments)
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franklin tn market report: Franklin TN Real Estate - Chestnut Bend Fall 2009 Market Report - 10/20/09 09:02 AM
Franklin TN Real Estate - Chestnut Bend Fall 2009 Market Report
For the past couple of years, sales and sales prices have been down in Chestnut Bend. 2009 looks to be the year that sales are really turning around in this beautiful, convenient Franklin neighborhood. Sales are up 36% compared to this time last year and already 28% over the total sales of 2008. Though prices are still down a little bit, Chestnut Bend appears to be leading the area in recovery!
Notice that Days on the Market has declined 28%! Homeowners are seeing their homes sell quicker than … (5 comments)
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franklin tn market report: Franklin TN Real Estate - Chestnut Bend Spring 2009 Market Report - 07/01/09 01:49 PM
Franklin TN Real Estate - Chestnut Bend Spring 2009 Market Report
Chestnut Bend has had the most unusual Sales History for the past 18 months. In the 2008 Market Report for the neighborhood, we shared that 8 homes had sold for the year. ALL of them closed the second half. Todays report is for the 1st half of 2009. Comparing it to 2008 is impossible when there were NO CLOSINGS for the first half of last year.
The prices are down about 10% which is not that terrible considering the number of sales that have occurred. This is the … (0 comments)
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franklin tn market report: Franklin TN Real Estate - 2009 Spring Market Report - 07/01/09 12:41 PM
Franklin TN Real Estate - 2009 Spring Market Report
The Franklin TN Real Estate market has not been hit as hard as other parts of middle Tennessee or the nation in general. Sales are down 33% but prices have decreased only an average of 2.5%.
In 2008: 656 Single Family homes Sold between Jan 1 and June 30
In 2009: 479 sold in the same time period.
Average Asking Price:
$452,005 in 2008
$445,982 in 2009
Average Sales Price:
$441,358 in 2008
$425,342 in 2009
Average Days on the Market
74 in 2008
95 in 2009
Activity in general … (3 comments)
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franklin tn market report: Franklin TN Real Estate - 2009 1st Quarter Market Report - 04/07/09 01:34 PM
Franklin TN Real Estate - 2009 1st Quarter Market Report Closings for the First Quarter of 2009 are down 25% from 2008. Let’s remember that, though 25% is a lot, 75% of the sales still happened! Since this report covers all price ranges in Franklin, a little explanation will help when reading the information.ON AVERAGE, the homes that closed were very similar in age and size, up 100 square feet, which is insignificant. The average sales price is up from $449,904 to $474,971 but the asking price to sales price is down from 97% to 96%. New construction dominated the sales … (3 comments)
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franklin tn market report: Franklin TN Home Sales 2008 - 01/29/09 04:33 PM
Franklin TN Home Sales 2008
Studying the numbers in Franklin for 2008 was very enlightening. Sales, like everywhere in Middle Tennessee were down. OK, like everywhere in the country. My bad. Anyway...
While sales in general were down 30% in Franklin, new construction sales were up considerably. Over 63% of the sales in 2008 were new construction. In 2007 the same number was only 42%.
Number of homes Closed in 2007 were 1831
Number of homes closed in 2008 were 1283
A look at the monthly sales from one year to the next is as follows:
… (6 comments)
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