Ladd Park Franklin TN Home Sales for November 2011 provided by Tammie White:
- Properties currently active on the market: 24
- Single-family properties closed in November 2011: 5
- Average sales price: $409,763
- Average list price: $421,221
- Sales price to list price ratio: 97.3%
- Average days on the market: 142
- Sales currently pending: 13
- Ladd Park absorption rate: 4.8 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).
Ladd Park is in a seller's market but that may not be good in this case. All five homes that closed in November were new construction.
Be sure when buying a new construction home in Ladd Park to use a Buyer's Agent to help you maneuver the process. Remember, the on-site agent represents the seller and will try to get you to pay more than you should for your new Ladd Park home.
By using a Buyer's Agent you insure that your interests are represented. The on-site agent is not going to provide you with a competitve market analysis (CMA) for recent sales in Ladd Park. A Buyer's Agent will. This CMA gives you an indication of what to offer for your new construction Ladd Park home. The best part is the seller pays the Buyer's Agent so there is no cost to the buyer.
If you are interested in a Franklin TN home for sale or wish to sell your Franklin TN home, contact Tammie White, your Franklin TN REALTOR®, at (615) 495-0752.
Comments(1)