It's September 30, 2010 and there are currently 56 active listings in Fieldstone Farms, Franklin TN.
In the month of September there were two closings, and there are currently 4 homes pending.
Seven additional listings currently have contracts, but are not yet fully pending. These 7 do not show in the table below.
This past month, the average square footage is 2571, and the average list price is 310,885. Sold properties have an average of 2361 square feet, with an average sales price of 256,700. The average list price was 259,820. These homes both closed near the original list price.
Currently pending homes have an average of 2180 square feet, with an average list price of 258,113. Days on the market ranged from 18 to 75 with an average of 46.
| Fieldstone Farms Active 56 Properties Found | |||||||
| Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sales Price | Days on Market | |
| MIN | 1,124 | 2 | 2 | 0 | $167,500 | $0 | 5 |
| AVG | 2,571 | 3.54 | 2.38 | 0.82 | $310,885 | $0 | 68 |
| MEDIAN | 2,380 | 3 | 2 | 1 | $281,750 | $0 | 51 |
| MAX | 5,410 | 6 | 4 | 2 | $698,000 | $0 | 482 |
| Fieldstone Farms Closed 2 Properties Found | |||||||
| Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sales Price | Days on Market | |
| MIN | 2,260 | 4 | 2 | 1 | $238,740 | $234,500 | 39 |
| AVG | 2,361 | 4 | 2 | 1 | $259,820 | $256,700 | 49 |
| MEDIAN | 2,362 | 4 | 2 | 1 | $259,820 | $256,700 | 50 |
| MAX | 2,463 | 4 | 2 | 1 | $280,900 | $278,900 | 60 |
| Pending 4 Properties Found | |||||||
| Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sales Price | Days on Market | |
| MIN | 1,700 | 3 | 2 | 0 | $194,670 | $0 | 18 |
| AVG | 2,180 | 3 | 2 | 0.75 | $258,113 | $0 | 46 |
| MEDIAN | 2,228 | 3 | 2 | 1 | $266,893 | $0 | 47 |
| MAX | 2,566 | 3 | 2 | 1 | $304,000 | $0 | 75 |
Comparatively, in September 2009, there were 7 properties closed. The average square footage was 1873, the average sales price was 251,592 with the average list price being 259,785.
| Closed 7 Properties Found | |||||||
| Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sales Price | Days on Market | |
| MIN | 1,204 | 3 | 2 | 0 | $206,000 | $196,000 | 17 |
| AVG | 1,873 | 3.29 | 2 | 0.57 | $259,785 | $251,592 | 56 |
| MEDIAN | 1,410 | 3 | 2 | 1 | $219,900 | $215,000 | 34 |
| MAX | 3,346 | 4 | 2 | 1 | $389,900 | $363,000 | 183 |
Comparing closings for the past 6 months in 2009 and 2010, there has been a decrease in July, August and September. In October 2009, there were 5 closings. Looking forward to October, 2010, with four current pendings, and 7 currently under contract, Fieldstone Farms is almost on track to meet, or possibly exceed, the number of closings from October, 2009. Using the 6 month absorption rate of 8.8, Fieldstone Farms has 6.3 months of inventory. Going back to the 12 month absorption rate of 8.4, the current months of inventory remains the same. A healthy market is considered to be 5.5 months. Fieldstone Farms is not that far off!
As always, but especially in today's market, homes that are well priced, in excellent condition are still selling.
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