Hurstbourne Park Franklin TN Home Sales for December 2012 provided by Tammie White:
- Properties currently active on the market: 3
- Single-family properties closed in December 2012: 2
- Average sales price: $499,695
- Average list price: $497,582
- Sales price to list price ratio: 100.4%
- Average days on the market: 35
- Sales currently pending: 3
- Hurstbourne Park absorption rate: 1.5 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a sellers' market, above 7 months is considered a buyers' market).
Hurstbourne Park is in an extreme sellers' market. Both of the closed sales in December were above list price. Even though, one of those sales came from an existing home. The active listings are all new construction built by Drees Homes.
Having worked with buyers purchasing a home from Drees in the past, I know they are very negotiable on their purchase price. It is good for buyers to remember that new construction sales are like any other home purchase and negotiable. However, it is important to have the assistance of a Buyer's Agent to represent them during the transaction. The on-site agent works for the seller. It is his job to get the most money for the seller.
A buyer's agent would represent your interest during the transaction. I would prepare a Competitive Market Analysis to see how your offer compares to recent closed sales. The information helps when making an offer on your Franklin TN new construction home to insure you don't pay more than fair market value. The best part, my service is at no cost to you. The seller pays my fee. All the more reason for a buyer to have an experienced buyer's agent working on his behalf.
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 above photo is of an actual home located in Hurstbourne Park Franklin TN.
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