What's My Leiper's Fork Home Worth? Market Report for August 2014

What's My Leiper's Fork Home Worth? Market Report for August 2014

• Properties currently Active on the market: 17
• Single-family properties closed in August: 3
• Average sales price: $387,500
• Average list price: $411,500
• Average sales price to list price ratio: 94.2%
• Average days on the market: 208
• Active listings under contract: 2
• Percentage of listings under contract: 12%
• Leiper's Fork absorption rate: 5.7 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)

While the numbers reflect that Leiper's Fork is in a seller's market, the average sales price to list price ratio is low and the average days on the market are high. This suggests that homes in Leiper's Fork are priced too high. Rural living isn't for everyone so the buyer pool for homes in Leiper's Fork is much lower than a home found in a traditional Franklin neighborhood. As a result, homes stay on the market much longer.

For example, the least expensive Leiper's Fork home closed after 149 days on the market. It was originally priced at $230,500 and sold for $212,500. This home was 1,444 square feet on 10 acres. The most expensive home sold in Leiper's Fork was on the market for 531 days. Ouch! It originally came on the market priced for $799,900. After 146 days, the seller withdrew the listing and hired a second agent. That agent priced the home at $749,900 and it took another 385 days before it finally sold. It was 4,715 square feet on 7.63 acres. It closed at $715,000 which is just 89% of what it was originally listed for.

Wondering what your Leiper's Fork 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. Be advised many of these homes are on large parcels of land so the home valuation is easily skewed. It's always best to contact me directly for an accurate number.

The marketing of your Leiper's Fork home needs to be aggressive to get the attention of buyers. Especially those buyers who are relocating to our area and are looking for a quaint country home found there. With 92% of buyers beginning their home search on the internet, sellers need their homes to have the best coverage possible on-line. This goes way beyond just syndicating listings to other websites.

The homes that have optimal coverage on the internet are the ones who get the most traffic and therefore more opportunities to sell. Sellers want to make sure the photographs are professionally done showcasing the many features of their homes. I am surprised at the number of agents who market in this area and don't use professional photography. Many of their listings linger on the market.

Additionally, you want your home to stand out from the others in your area 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 Leiper's Fork home is to have an agent who is using the newest technology to get the word out about your house. This includes the use of social media and blogging.

Click the following link to see one example of a Simply Charming Country Home in Leiper's Fork. That home is not currently available but it gives you an idea of how blogging can really set your home apart. Something agents aren't able to do in the MLS or through listing syndication. You won't find any other listing agents marketing your Leiper's Fork home in this way.

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

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