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Creekstone Franklin TN Home Sales for August 2012
Creekstone Franklin TN Home Sales for August 2012 provided by Tammie White:
Properties currently active on the market: 3 Single-family properties closed in August 2012: 2 Average sales price: $309,567 Average list price: $309,642 Sales price to list price ratio: 100% Average days on the market: 0 Sales currently pending: 16 Creekstone absorption rate: 1.5 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market). Creekstone is in an extreme sellers' market. However, this is not a good thing for buyers. Creekstone is a new construction Franklin TN neighborhood in the early stages of development.
Homes are selling for over asking price with an average days on the market of 0. Zero days, how can that be? That's because these homes were pre-sales. Buyers purchased them prior to them being listed in the MLS (multiple listing service). Buyers need to remember that even new construction homes are negotiable. While many builders may want to get their base price for a home, they are usually negotiable on add-ons or upgrades.
To insure you are getting the best price for a Creekstone ... more

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