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Franklin, TN Real Estate News

By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin homes for sale - The number of home closings have slightly decrease by 2% in the last 12 months and median sales prices have remained flat.  186 Franklin homes sold during the month of  May 2023 compared to 191  for the same period last year 327 Franklin homes are currently listing in the Nashville MLS as available for purchase giving us a 2 months supply. 354 homes are currently under contract the median sales price for homes sold during the month of May was $950,000 compared to $951,000 last year  the average list price to sales price ratio for Franklin Tn homes sold in May was 98% compared to 105% last year.  Search for Franklin TN real estate for sale here -  This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark R...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Westhaven Homes are selling a little slower than we've seen in the past and you can blame most of that on high interest rates. the average price per square foot of Westhaven homes sold during May was $422 compared to $461 last year the median price of homes sold during the month was $1,195,000 compared to $1,350,999 last year a decrease of 11.5% the list price to sales price ratio of homes sold during the month was 99% compared to 106% The average days on market for homes sold in May was 30 compared to just 2 last year 35 homes are currently pending sale most are under construction 30 Westhaven homes currently for sale as listed in the Nashville MLS but some are under construction Westhaven homes in Franklin TN have been the one of the most popular neighborhood in Williamson county and ...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
 One advantage of living in Franklin Tn is the abundance of city parks surrounding the city. My neighborhood backs up to the eastern Battlefield that has been purchased by to city to protect it from being developed. It was a golf course for years and the city kept some of the cart paths that are now used as walking trails. I walk my dog Rusty every morning usually as the sun in coming up and the views are usually amazing. For those of you who sleep in, I understand. But wow what you are missing. information on this page is based on information on Nashville real estate per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed. This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty. Provi...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin TN homes for sale -   The number of home closings have increased by 8% in the last 12 months and median sales prices have increased 10%, but this may be the impact of a higher percentage of new construction homes being sold. The median price per square foot has actually decreased slightly from $316 to $307. Interest rates have been the main reason for the slowing in the market place, and every time the rates drop a little the market gets busy. 150 Franklin homes sold during the month of  March 2023 compared to 123  for the same period last year 288 Franklin homes are currently listing in the Nashville MLS as available for purchase giving us a 2 months supply. 330 homes are currently under contract the median sales price for homes sold during the month of March was $934,000 comp...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
The Favorite Franklin neighborhoodsbased on number of sales the fourth quarter of 2022 are as follows Westhaven with 39 closings - the average price of homes sold was $1,472,619 and averaged $424 per square ft. Waters Edge - 20 closings for the quarter with the average price being $740,669 St Marlo - 20 closings at an average price of $1,100,308 Fieldstone Farms with 17 closings at an average price of $665,170 Highlands @ Ladd Park - 13 closings at an average price of $1,006,277 Mckays Mill - 14 closings at an average price of $770,957 Lookaway Farms had 10 closings for the quarter with an average price of $2,330,910 Terra Vista had 9 closings at an average price of $1,036,764 Sullivan Farms had 9 closings at an average of $708,378 Daventry had 8 closings at an average price of $1,414,7...
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By Mike Grumbles, The Relocation Engineer in Franklin TN
(Gray Fox Realty)
Gray Fox Realty is privileged to get to call downtown Franklin, TN home in a quaint 1912 cottage they is referred to as the World Headquarters.   Gray Fox Realty was the brain-child of Mike Grumbles and Joey McCloskey at the end of 2016 with operations beginning in early 2017.   The company is different in that it has a give back attitude and that is exemplified in the flat fee full service model without any upselling.  The typical GFR client  saves $16,000 in real estate commission when compared to a 6% listing agreement.   Commissions are negotiable, but why force your friends, family, and neighbors to negotiate for a great service at a great price.  The other thing that sets the company apart from most brokerages (and we mean almost all of them) is the centralized control of marketin...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin TN homes for sale -   The number of home closings have dropped by 35% in the last 12 months but prices still remain firm. The good new for buyers is that homes are listed for a longer time before they are sold giving them time to evaluate options before making an offer.  103 Franklin homes sold during the month of  November 2022 compared to 157 for the same period last year a 35% reduction 368 Franklin homes are currently listing in the Nashville MLS as available for purchase 79 homes are currently under contract the median sales price for homes sold during the month of November was $930,786 compared to $863,050 last year an increase of  7.8% the median price per square foot for homes sold was $310 compared to $273 for November of 2021 an increase of 13.5% the average list pric...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Mckays Mill  - 4 homes sold during October of 2022, 50% less than the same month last year. The average price of homes sold increased 24% during the same period. the list price to sales price ratio of homes sold in October was 99.83% average days on market for homes sold was 3 days 6 homes are currently listed in the Nashville MLS as available for purchase the average price per square foot of homes sold was $272 compared to $223 for the same period last year The average sale price for October was $957,475 compared to $771,070 for the same period last year the average size of homes sold was 3641 square feet 7 Mckays Mill homes are currently pending sale Here is a summary of the conditions of the market for Mckays Mill homes, and it's sister next door the Villages of Clovercroft, it's sti...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Ladd Park homes for sale - The high interest rates have made an impact on Ladd Park home sales with more days on market and a lower list price to sales price ratio. Meaning that buyers sometimes have room to negotiate, something we haven't seen in a few years. The average sales price for Ladd Park homes sold during the month of October was $1,001,497 compared to $939,626 last year. average days on market is up to 32 days, giving buyers a chance to take a good look before making a purchase the average size of Ladd Park homes sold during October was 3202 square feet making the average price per square foot $315 6 homes are currently pending sale 12 Ladd Park homes are listed in the Nashville MLS as available for purchase The absorption rate for Ladd Park homes is one month based on sales ...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin TN homes for sale - Things have changed in the last few months with interest rates around 7% at this time, it's a much slower market for home sales and multiple offers are becoming an unusual occurrence  instead of the norm.  84  Franklin TN homes sold during the month of  October 2022 compared to 120 for the same month last year   429 Franklin homes are currently listed in the Nashville MLS for sale 196 homes are currently under contract the median sales price for homes sold during the month of October was $799,500 compared to  $720,000 last year, an increase of 11% the median price per square foot for homes sold was $317 compared to $272 for October of 2021 an increase of 16.5% the average list price to sales price ratio for homes sold in October was 98% Search for Franklin T...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin TN homes for sale - We are still seeing a slow down in home sales and it's all related to higher interest rates. It looks like the days of multiple offers for every home are over for now. Buyers finally get a chance to look at homes before they submit an offer, and investors seem to be less aggressive from what I've seen. 212 Franklin homes sold during the month of  September 2022 compared to 218 for the same period last year  427 Franklin homes are currently listing in the Nashville MLS as available for purchase 221 homes are currently under contract the median sales price for homes sold during the month of September was $$778,158 compared to $732,500 last year an increase of 6% the median price per square foot for homes sold was $321 compared to $265 for September of 2021 an ...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
The Top Franklin TN neighborhoods - based on number of sales for the month of August 2022 Westhaven  Franklin's most popular neighborhood with prices from $700,000 to over $2,000,000 Fieldstone Farms  for years the Franklin top neighborhood with homes priced from $400,000 to over $1,000,000 Mckays Mill in the Cool Springs area the homes sell fast priced from $400,000 to over $1,200,000 Ladd park  - homes priced from $800,000 to over $1,200,000 Berry Farms  homes priced from $600,000 to $1,800,000   Sales of homes in Franklin are slowing significantly due to much higher interest rates and the multiple offer situation has become less frequent. It's easier for buyers if you can stomach the higher interest rate. If you would like to search for Franklin Tn homes, just click on the links, or ...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
I get this question a lot lately, are home prices starting to come down in Franklin. It's a good question, and the data seems to indicate that maybe, but very slowly. Franklin home prices are still considerably higher than they were at this time last year with the median sales price up 16% year over year. However, the number of homes sold for July of 2021 was 260, compared to just 155 this year, a reduction of 41%.  For the first time in many months, we have more homes available to sell that we sold in the previous month. Usually when this happens we start to see price reductions and competition for buyers instead of multiple offers for every home. The reason for the change is much higher interest rates compared to last year. The Federal Reserve Bank has decided that we need a recession...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin TN homes for sale - Summer brought higher interest rates and slowing sales, so expect homes to stay on the market a few more days than we've seen recently. 245 Franklin homes sold during the month of  June 2022 compared to 302 for the same period last year a reduction of 23%  324 Franklin homes are currently listing in the Nashville MLS as available for purchase 297 homes are currently under contract the median sales price for homes sold during the month of June was $$820,000 compared to $705,000 last year an increase of 16% the median price per square foot for homes sold was $320 compared to $254 for June of 2021  the average list price to sales price ratio for homes sold in June was 103% Search for Franklin TN homes for sale here -  Information on this page is based on inform...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin TN homes for sale - Coming into summer with a hot sellers market with the median days on market down to 2 days 186 Franklin homes sold during the month of  May 2022 compared to 209 for the same period last year  224 Franklin homes are currently listing in the Nashville MLS as available for purchase 351 homes are currently under contract the median sales price for homes sold during the month of May  was $$950,000 compared to  $731,869 last year  the median price per square foot for homes sold was $331 compared to $242 for May of 2021  the average list price to sales price ratio for homes sold in May was 104% Search for Franklin TN homes for sale here - information on this page is based on information on single family homes for sale in Franklin per the Nashville Multiple Listing ...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin homes for sale - Coming into summer with a hot sellers market with the median days on market down to 2 days 173  Franklin homes sold during the month of  April 2022 compared to 218 for the same period last year  131 Franklin homes are currently listing in the Nashville MLS as available for purchase 251 homes are currently under contract the median sales price for homes sold during the month of April  was $$1,042,750 compared to  $710,000 last year  the median price per square foot for homes sold was $339 compared to $235 for April of 2021  the average list price to sales price ratio for homes sold in April was 106% Search for Franklin TN homes for sale here - information on this page is based on information on single family homes for sale in Franklin per the Nashville Multiple ...
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By The Brewer Team - Benchmark Realty
(Benchmark Realty)
Franklin TN homes for sale - As reported in the past few months Franklin still has a shortage of homes for sale and an abundance of willing buyers. 216 Franklin TN homes sold during the month of October 2021 compared to 300 in October of 2020 119 homes are currently available for sale 296 homes are currently under contract the median sales price for homes sold during the month of October was $725,000 compared to $599,900 last year an increase of 21% the median price per square foot for homes sold was $266 compared to $206 for October of 2020 an increase of 29% the average list price to sales price ratio for homes sold in October was 102% Search for Franklin TN homes for sale here - information on this page is based on information on single family homes for sale in Franklin per the Nashv...
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By Elizabeth Leanza, "Helping Your Dreams Come Home"
(Elizabeth Leanza Synergy Realty - Realtor)
 You only get one chance to make a first impression so make sure your home is staged so it leaves buyers impressed. When selling your home, the first impression is everything! Some simple ways to get it market-ready are staging and de-personalizing. This means removing personal items like photos of family members or aunt Edna's 100 piece doll collection that might turn off potential buyers (or just creep them out). While you may love these things, they make it difficult for buyers to see them themselves in their potential new home and will distract them from all of your homes features. When you decide to put your home on the market, it will no longer feel like "your" home. You must detach emotionally from your belongings and make sure they don't distract buyers by allowing them to imagi...
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By Elizabeth Leanza, "Helping Your Dreams Come Home"
(Elizabeth Leanza Synergy Realty - Realtor)
The Importance of Professional Real Estate PhotographyProfessional real estate photography is an excellent way to stand out among other agents. Real estate photos, when taken by a professional photographer, can significantly help sell listings faster and at higher prices for the agent. With so many properties on market each day it's important that you give potential homebuyers a good first impression with appealing pictures of your listing online so it will stand out in a sea of listings. Professional real estate photography is guaranteed to grab the attention of buyers and generate an emotional response. using lighting, angles, and other tricks to capture each home's unique beauty so that it appeals more directly towards potential buyers. When it comes to real estate photography for re...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Westhaven Homes are still in a hot sellers market  - 32 homes sold during the month of June 2021 and only 10 homes are currently listed and not under contract. The average list price to sales price ratio for June was 105% $327 - the average price per square foot of homes sold during June compared to $239 last year an increase of 37% $977,500 - the median price of homes sold during the month compared to $693,584 last year 105% - the list price to sales price ratio of homes sold during the month 6 - Average days on market for homes sold during the month 44 - Westhaven homes are currently pending sale most are under construction 10 -  Westhaven homes are currently listed in the Nashville MLS but some are under construction Westhaven homes in Franklin TN have been the one of the most popula...
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