I was so excited when I pulled up the Sales Numbers for November for Leipers Fork Home Sales.  It really looked like things were starting to pick up!  However, when I started looking at the numbers, that excitement soon faded.  Why?

For awhile now, I've been preaching about being realistic in the pricing of homes in and around Leipers Fork.  While Leipers Fork has long been a very desireable area - known for its famous inhabitants - this mindset has clouded reality.  November's numbers show just how clouded some of our seller's views have been - and why homes are sitting and sitting and sitting. 

75% of homes sold in Leipers Fork in November SOLD FOR 32 - 69% BELOW THE ORIGINAL ASKING PRICE!  EVERY HOME sold for well below asking price - with the LEAST amount being $45,000 below the original asking price!!!!!

I'm no fortune teller, but with 63 Active listings still on the MLS - most of which have been on & off the market for over a year (or two!) - sellers in Leipers Fork need to take a GOOD HARD LOOK at how their home is priced if they TRULY want to sell.  Now is not the time to "see what we can get."  This is especially true if you NEED to sell or are in dire circumstances.  Holding out for a "better offer" or that "one buyer" to come along is NOT a good idea at this time. 

Numbers don't lie!  Let's get real folks!

Address

BR

BA

Yr Blt

Gar

SF

Original List Price

SP

Closed

DOM

Price Adjust to Sell

%

3112 Ford

2

2

1981

0

1600

239,900

160,000

11/3/09

497

-79,900

-33%

5311 Carters Creek

3

2

1979

2

2351

299,900

180,000

11/10/09

392

-119,900

-40%

3184 Boxley Valley

4

3

1975

2

3068

399,993

270,000

11/7/09

185

-129,993

-32%

1501 Cayce Creek

4

4

2005

3

3862

739,900

502,000

11/7/09

698

-237,900

-32%

3510 Mauldin Woods

4

4/1

2007

4

6645

1,300,000

619,000

11/17/09

1228

-681,000

-52%

3500 Mauldin Woods

5

4/2

2007

4

7969

1,750,000

550,000

11/20/09

1026

-1,200,000

-69%

5366 Parker Branch

4

4/2

2004

4

6167

995,000

950,000

11/24/09

94

-45,000

-5%

3137 McMillan

4

4/2

2007

3

7166

1,190,000

1,025,000

11/10/09

184

-165,000

-14%

**Do you want a Realtor who will be upfront with you?  Call me for a "no holds barred" discussion of your home.**

For Localism readers - I apologize. The below table doesn't show up well.  Please click here to view this post in full format.

Do you need a new Broker?

If so, click here!
 

 

Tori Stamps, MA, JD

Stamps Realty

www.Stamps-Realty.com
www.LeipersForkRealEstate.com

615-512-5485 (cell)
615-595-1311 (office)
615-595-1312 (fax)
tori@stamps-realty.com


Info about the author:

Tori Stamps, MA, JD is a Franklin TN REALTOR® providing impecible service and attention to detail when you are looking to purchase and/or sell real estate in Williamson County, TN - including Leipers Fork, Franklin, Brentwood, Thompsons Station, Spring Hill and all other surrounding communities.  Please visit me at www.Stamps-Realty.com or  www.LeipersForkRealEstate.com for all your real estate needs.

If you're on the fence about buying a home in Franklin TN or its surrounding Williamson County TN communities, now is the time to buy.  Today's market is providing some great deals!  Now is the time to take advantage of the economy while interest rates remain at an all time low.  For more information on homes, estates and farms in and around Franklin, TN and its surrounding communities, you can search the MLS free of obligation at http://www.leipersforkrealestate.com/search-mls.asp.

Tori Stamps, MA, JD - Principal Broker/Owner - Stamps Realty, Inc. - 615.512.5485 cell

Copyright © 2009 By Tori Stamps, MA, JD.  All Rights Reserved

 

2 Comments on Leipers Fork Sales Report - Nov 2009

DEC
01
2009
761,126 Points 106 Featured Posts Outside Blog Called Shot Master

Tori, in this challenging market price is everything.  It is more beneficial for sellers to price the home correctly in the beginning than sit on market for months and hope someone makes an offer.
11:22pm • #1
DEC
06
2009

Tori, Our sellers (two years ago) wouldn't listen to reason...finally, two and a half years later (after losing tens of thousands of dollars-due to being unrealistic) they have adjusted to prices that will sell their homes. I have never witnessed so much money lost, due to obstinance. That's right...the numbers don't lie. They are a solid guideline. Be realistic, or don't try to sell right now.
7:23pm • #2


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Tori Stamps MA JD ~ Broker/Owner Franklin TN Homes for Sale

Franklin, TN

More about me…

Stamps Realty

Address: 4044 Old Hillsboro Road, Franklin, TN, 37064

Office Phone: (615) 595-1311

Cell Phone: (615) 512-5485

Email Me

My blog an avenue for thoughts, reflection and observations, whether pertaining to the real estate market or the client relationship.

If you are interested in Franklin TN real estate or Leipers Fork Real Estate or would just like to get to know me better, check out either of my websites at:

www.leipersforkrealestate.com
or
www.stamps-realty.com

 



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