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Real Estate Market Report Franklin TN February 2014

By
Real Estate Agent with Royal Shell Real Estate - The Koffman Group SL 3310397

Real Estate Market Report Franklin TN February 2014graph

Real estate market data for single family homes in Franklin, TN provided by Jill Winchel of SilverPointe Properties.

  February 2013 February 2014
Total Sold 96 92
Avg DOM 83 73
Avg List Price $458,394 $444,432
Avg Sale Price $431,171 $442,860
% of SP to LP 94.1% 99.6%

 

Real Estate Market Report Franklin TN February 2014 Summary

Some of the statistics in 2014 show an improvement over 2013. Number of homes sold decreased, probably partly due to the low inventory we’ve been experiencing. The time it took to sell a home (from listing to pending) decreased, average list price decreased but the sale price increased. A dramatic 5 percentage point change in the % of sale price to list price is significant. Homes are selling for very close to their list price so that is a good sign for sellers. The market has been gradually improving throughout 2013 and will hopefully continue the trend in 2014.

The home with the lowest sales price ($149,625) sold in February 2013 was a foreclosure located in Hunting Creek Farms and the highest sale ($3,300,000) was located in Laurelbrooke

The home with the lowest sales price ($119,000) sold in February 2014 was located on Trinity Road and the highest sale ($1,378,679) was a new build located in Westhaven.

Real Estate Market Report Franklin TN February 2014

There are currently 646 single family homes on the market in Franklin, Williamson County. The average list price today is $836,503. See more details for the Franklin housing market. The data is somewhat skewed by the $20mil listing that has been on the market for over 3 years.

  Active  646 Properties Found
  Square Feet Bedrooms Full Baths Half Baths List Price Sales Price Days on Market
MIN 896 1 1 0 $68,000 $0 0
AVG 3,951 3.99 3.24 0.91 $836,503 $0 85
MEDIAN 3,531 4 3 1 $532,200 $0 48
MAX 20,430 9 11 6 $20,000,000 $0 1,273

Visit my website to search for homes for sale in Franklin or to be notified when Franklin homes come on the market. To find out what your home is worth in the current market email me or call 615-504-1185. 

Real Estate Market Report Franklin TN February 2014

 

 

 

Comments (5)

John Pusa
Glendale, CA

Jill - Thank you for sharing an excellent blog about real estate market report Franklin, Tennessee February 2014.

Mar 10, 2014 01:47 PM
Jill Winchel
Royal Shell Real Estate - The Koffman Group - Cape Coral, FL
We make it easy. You make it home.

John...Thanks for your comment. The Franklin TN real estate market is quite active and now would be a great time to sell.

Mar 11, 2014 12:57 AM
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Great report on the Franklin market, which is wonderful for clients to reference.

Mar 13, 2014 07:51 AM
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

Jill,

Very nice market report.  ANYONE in Franklin, Tennessee would be wise to contact you if they're thinking about buying or selling.

Mar 13, 2014 09:30 AM
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Jill, this is a very detailed and comprehensive market report about the Franklin area. It definitely shows you know your market and is just what buyers and seller want to see.

Mar 15, 2014 11:05 AM