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What's My Creekstone Home Worth? Market Report for June 2014

By
Real Estate Broker/Owner with Franklin Homes Realty LLC

What's My Creekstone Home Worth? Market Report for June 2014

  • What's My Creekstone Home Worth? Market Report for June 2014Properties currently Active on the market: 4
  • Single-family properties closed in June: 4
  • Average sales price: $428,180
  • Average list price: $427,492
  • Average sales price to list price ratio: 100.2%
  • Average days on the market: 37
  • Pending sales: 15
  • Creekstone absorption rate: 1 month 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)

Creekstone is experiencing an extreme seller's market. This new development got off to a slow start back in 2008. There wasn't any activity for almost 2 years. It is finally nearing the end of the development with just a few homes left. The new construction is keeping home prices high.

Want to know what your Creekstone home is worth? Click the photo below to get the instant value of your home.

What's My Creekstone Home Worth? Market Report for June 2014

Existing home sellers would be wise to price their homes lower than the new construction. Although, I do think the older models have more desirable floor plans than the recent new construction floor plans. You also want to make sure that your home gets above average marketing coverage on the internet.

With 92% of buyers beginning their home search there, your home needs to have the best coverage possible online. This goes way beyond just syndicating your home to other websites.

Although, the majority of Creekstone homeowners are staying put, it important to make sure your home is marketed properly when you get ready to sell. It's especially important to have professional photography because you will be competing with new construction which is always a challenge.

With new construction finally coming to an end, it may be a good time to sell your Creekstone home. You want to make sure your home stands out from the competition and the best way to do that is to have maximum coverage on the internet.

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

Posted by
Tammie White, Managing Broker/Owner
CLHMS, CRS, GRI, SFR
Franklin Homes Realty LLC
Franklin, TN
(615) 495-0752 
GET REAL. GET LOCAL.
 
This posting with the content written here and photographs displayed are the intellectual property and opinions of Tammie White of Franklin Homes Realty LLC. Any party who uses this material without the written permission of Tammie White is subject to copyright infringement and possible lawsuit.

Comments (1)

Katerina Gasset
The Gasset Group & Get It Done For Me Virtual Services - Provo, UT
Amplify Your Real Estate & Life Dreams!

I agree that it is wise to price existing homes competitively. It would sell quickly if it will be priced lower than the new constructions.

Aug 13, 2014 03:46 PM