McKay's Mill Franklin TN Home Sales for December 2012 provided by Tammie White:
- Properties currently active on the market: 17
- Single-family properties closed in December 2012: 7
- Average sales price: $428,430
- Average list price: $425,140
- Sales price to list price ratio: 100.8%
- Average days on the market: 55
- McKay's Mill absorption rate: 2.4 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).
McKay's Mill is in a sellers' market. The new construction home sales in McKay's Mill is driving up the average sales price to list price ratio because home are selling above list price.
Of the 17 homes currently listed, 3 are under contract that have not been moved into pending yet. Due to the size of this community, nearly 1,500 homes, the inventory is very low--making this a good time to list your McKay's Mill home.
It is important to enlist the aid of a buyer's agent to represent you during your real estate purchase. Especially, in a sellers' market. This is even true when buying new construction.
Don't make the mistake of talking with the on-site agent thinking he/she can represent you. The on-site agent works for the seller and is looking to get the best price for the home. That agent won't tell you what recent comparable sales have closed. This is the most important financial purchase of your life, make sure you have an experience buyer's agent working on your behalf. I would be happy to assist you with your McKay's Mill home purchase.
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 McKay's Mill Franklin TN.
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