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Ladd Park Franklin TN Home Sales for November 2012

By
Real Estate Broker/Owner with Franklin Homes Realty LLC

Ladd Park Franklin TN Home Sales for November 2012 provided by Tammie White:

  • Properties currently active on the market: 18Ladd Park Franklin TN Homes for Sale
  • Single-family properties closed in November 2012: 6
  • Average sales price: $414,463
  • Average list price: $416,515
  • Sales price to list price ratio: 99.5%
  • Average days on the market: 116
  • Sales currently pending: 14
  • Ladd Park absorption rate: 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. However, the average days on the market is also high. That is because 5 of the 6 sales were new construction that sat on the market as spec homes. This also accounts for the high sales price to list price ratio. Homes are selling at or above list price.

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.

Ladd Park Home Sales

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.

Posted by
Tammie White, Managing Broker/Owner
CLHMS, CRS, GRI, SFR
Franklin Homes Realty LLC
Franklin, TN
(615) 495-0752 
GET REAL. GET LOCAL.
 
This posting with the content written here and photographs displayed are the intellectual property and opinions of Tammie White of Franklin Homes Realty LLC. Any party who uses this material without the written permission of Tammie White is subject to copyright infringement and possible lawsuit.

Comments (5)

Katerina Gasset
The Gasset Group & Get It Done For Me Virtual Services - Provo, UT
Amplify Your Real Estate & Life Dreams!

Great market update Tammie. There sure are a lot of pretty homes in Franklin TN. Great work! Best of luck and stay as the number one Franklin TN short sale agent as always.

Dec 19, 2012 08:41 PM
Erika Rogers
Red Rock Real Estate ~ Southern Utah's Largest Independent Brokerage - Saint George, UT
St George Utah Real Estate & Relocation Specialist

Looks like Ladd Park is doing great so far. I'm sure overall sales in Franklin TN Homes will end the year with a bang! Continue being the best Franklin TN short sale agent Tammie.

Dec 19, 2012 09:41 PM
Bas Panch
SCV Home Buyer - Valencia, CA

Thanks for sharing Ladd Park's market update for November Tammie. If you need help in getting the best home in Franklin TN, Tammie is really the best person to go to. Stay the best Franklin TN short sale agent Tammie.

Dec 19, 2012 10:43 PM
Debbie Harr
Homes that Click Realtors - Columbus, OH
Realtor Homes That Click, Worthington Ohio Homes

Hello Tammie. You've always done a great job with market reports. Congratulations with how Ladd Park did last November. Hoping to see Ladd Park doing even greater for December. Stay as number one Franklin TN short sale agent Tammie.

Dec 19, 2012 11:03 PM
Debra Parker
Debra Parker Real Estate, Inc. - Stuart, FL
Realtor - Stuart Florida Homes for Sale

This is exactly why I love to read your market updates Tammie. All of it are very informative and at the same time, its easy to understand. You really are the best Franklin TN short sale agent Tammie. We'll be waiting for December's update.

Dec 19, 2012 11:32 PM