Ladd Park Franklin TN Home Sales for September 2012 provided by Tammie White:
- Properties currently active on the market: 26
- Single-family properties closed in September 2012: 8
- Average sales price: $432,635
- Average list price: $433,031
- Sales price to list price ratio: 99.9%
- Average days on the market: 54
- Sales currently pending: 14
- Ladd Park 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).
Ladd Park is in a sellers' market. The sales price to list price ratio is high and the average days on the market is low. This is a winning combination for sellers.
Unfortunately, 6 of the 8 closed sales (75%) were in new construction. This means that buyers purchasing a Ladd Park new construction home are paying at or above list price. If existing home sellers price their homes right, they could have an advantage over 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. I would be happy to represent you for the purchase of your Ladd Park home. Just contact me today!!
If you are looking to sell your Ladd Park home, now may be the time. Homes are really moving in this neighborhood. New construction sales are keeping sales price to list price ratio high. But new construction takes several months to build. A turnkey home may sell quickly for buyers who aren't in a position to wait for new construction.
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.
NOTE: The photo above is of an actual Ladd Park Franklin TN home.
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