What's My Maplewood Home Worth? Market Report for May 2014

What's My Maplewood Home Worth? Market Report for May 2014

• Properties currently Active on the market: 3
• Single-family properties closed in May: 2
• Average sales price: $258,000
• Average list price: $268,450
• Average sales price to list price ratio: 96.1%
• Average days on the market: 51
• Pending sales: 0
• Maplewood absorption rate: 1.5 months of inventory (a normal or steady market would be 5-7 months, a buyer's market would be in excess of 7 months, and a seller's market would be less than 5 months)

Maplewood is in an extreme seller's market. The list price to sales price ratio is low in comparison to other Franklin TN neighborhoods of a similar price. One listing sold for 99% of list so that suggests the other sale wasn't correctly priced. It sold for 93.6% of list. Both homes were in excellent condition and presented well on-line which suggests pricing was the issue. 

Wondering what your Maplewood home is worth? Just click the photo below and you will receive your home valuation instantly. No more forms to fill out and then wait for a response. You receive the report in seconds.

While the housing market is quite good right now, buyers have become more particular than ever. Homes that have been updated and include maple cabinets, granite counter tops and stainless steel appliances are selling quicker for top dollar. As we can see from the May sales, pricing right in the beginning is crucial.

With 92% of buyers beginning their home search on the internet, sellers need their homes to have the best coverage possible on the internet. This goes way beyond just syndicating listings to other websites.

The homes that have the best coverage on the internet are the ones who get the most traffic and as a result multiple offers. Sellers want to make sure the photographs are professionally done showcasing the many features of their homes. Additionally, you want your home to stand out from the others in your neighborhood with a single-property website. Just click the link to be taken to one example of the ways TW Realty Group markets your home.

One of the best ways to bring attention to your Maplewood home is to have an agent who is using the newest technology to get the word out about your home. This includes the use of social media and blogging. Something not many listing agents in the Franklin housing market are doing.

Also, check out our website. It's easy to see why we get thousands of clicks each month. This provides your listing with exposure to home buyers all over the country.

When you are ready to sell your Maplewood home, contact Tammie White at (615) 495-0752.