Laurelbrooke Homes for Sale in Franklin TN | Market Report July 2013

Laurelbrooke Homes for Sale in Franklin TN | Market Report July 2013

Laurelbrooke is located on the north end of Franklin off Sneed Road. There are approximately 350 homes in the Laurelbrooke neighborhood of Franklin TN. They generally range between 4,000 to 15,000 square feet. The first homes were built in the late '90s but building continures today.

As you would expect in a gated luxury neighborhood, Laurelbrooke amenities are first-class. They include a heated pool, a toddler pool with mushroom fountain, a 6,500 square foot clubhouse which includes a theater room, workout facilities, a kitchen, a wet bar and a Grand Hall for entertaining and social events. In addition, you will find basketball courts, two lighted tournament-level tennis courts, a stocked fishing lake, playground and walking trails.

Laurelbrooke Homes for Sale in Franklin TN

Laurelbrooke Franklin TN Market Report July 2013

• Properties currently Active on the market: 19
  
• Single-family properties closed in July 2013: 2
  
• Average sales price: $1,192,500
• Average list price: $1,212,500
• Average sales price to list price ratio: 98.4%
• Average days on the market: 16
  
• Sales currently pending: 1
  
• Laurelbrooke absorption rate: 9.5 months of inventory (a normal or steady market would be 5 - 7 months; anything under 5 months of inventory is considered a sellers' market; anything above 7 months of inventory is considered a buyers' market).

Although, Laurelbrooke is experiencing a buyers' market, there is some conflicting data. For instance, the average days on the market is extremely low, considering that higher price points are usually on the market longer. The average sales price to list price ratio of 98.4% suggests the homes that closed in July were priced well.

The best way to determine a list price is to have an experienced real estate agent prepare a Competitive Market Analysis. This will provide you with the current active listings and most recent closed sales so you can price your home competitively.

If you are a Laurelbrooke home buyer, be sure to have the assistance of a Buyer's Agent. He/she will also be able to provide you with a Competitive Market Analysis to determine the best purchase price. This service is provided at no cost to you; they are paid by the listing brokerage company.

If you need assistance buying or selling a Laurelbrooke homes for sale in Franklin TN today, contact

Tammie White at (615) 495-0752.