Legends Ridge Franklin TN Homes For Sale | Market Report for April 2013
Legends Ridge Franklin TN homes for sale are located in the rolling hills on the west side of town. It is one of the most beautiful neighborhoods in the area. There are approximately 200 homes in this luxury Franklin TN neighborhood that range between 4,000 to 10,000 square feet. The majority of the lots are one-acre, however, you will find homes with more acreage. The homes date as far back as 1997 but there is still building going on today. There are still Legends Ridge lots available for purchase.
Legends Ridge amenities include a swimming pool, clubhouse, two-lighted tennis courts, a stocked fishing lake, walking trails and playground.
Legends Ridge Clubhouse
Legends Ridge Stocked Fishing Lake
Homes for sale in Legends Ridge in Franklin Tennessee take advantage of the topography of the land. You will see homes dot the hillsides. Some homes are carved into the hills and have a walk-out basement. You will find that many of these homes have elevators to navigate the three-stories.
Legends Ridge Swimming Pool
The homes for sale in Legends Ridge are custom homes built by a variety of builders. They include features such as gourmet kitchens, custom millwork, wine cellars, libraries and music rooms.
Legends Ridge Lighted Tennis Courts
Legends Ridge in Franklin is located just minutes from historic downtown Franklin with its shops and restaurants. It's just 10 minutes from Cool Springs Galleria. For those diehard shoppers, the Mall of Green Hills is just 20 minutes north on Hillsboro Road. Those commuting to the Green Hills area love the scenic drive down Hillsboro Road.
Legends Ridge Playground
Legends Ridge in Franklin TN Market Report for April 2013 provided by Tammie White Franklin TN REALTOR®:
- Properties currently active on the market: 9
- Single-family properties closed April 2013: 4
- Average sales price: $774,975
- Average list price: $819,700
- Sales price to list price ratio: 94.5%
- Average days on the market: 109
- Sales currently pending: 2
- Legends Ridge absorption rate: 2.3 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).
There are currently 9 homes for sale in Legends Ridge in Franklin TN with living space ranging from 4,150 square feet to 9,668 square feet. As for the price range, it varies from $649,000 to up to $1,899,900. Currently, 1 home is under contract.
While the absorption rate is low and it appears that Legends Ridge is in a seller's market, the sales price to list price ratio and the average days on the market suggest something different. There is less activity at this price point. In order for sellers in Legends Ridge to sell their homes quicker, they must remember that pricing is the most important part of the equation. Although, there were 4 homes that closed in April, they were under the $1,000,000 price. It may be awhile before we see more activity for the homes priced above that.
Click here for the most current list of homes for sale in Legends Ridge
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