Sales have picked up in the River Landing subdivision this past year, doubling the prior years sales. The Chart below shows the number of sales for the past 12 months, broken down into 3 months, 6 months and 12. Based on these numbers it lets you see the amount of inventory available. River Landing has seen below average sales the past 2.5 years. Sales started falling off in 2007 when they went from 37 in 2005, 30 in 2006 down to 12 in 2007. It only got worse … (0 comments)
river landing: Franklin TN Real Estate - River Landing 2010 Market Report
- 01/22/11 10:31 AM
Franklin TN Real Estate - River Landing 2010 Market Report River Landing's sales were very similar to those of 2009. There were 4 closings in 2009 and again in 2010. The average size of the 4 properties went up from 4536 square feet to 4816 square feet. The average sales price per square foot decreased from $123.40/sqft to $120.69/sqft. This doesn't mean that the prices have actually decreased. As the size of the home increased, the price/sqft often decreases as the cost to build larger is often less. A Good example is the largest home that sold in … (2 comments)
Two properties closed in the third quarter of 2010 compared to just one sale in the same time period of 2009. The year to date numbers are comparable with a total of 3 closings for the year in 2010 and 2 for the first 9 months of 2009. The single fall quarter closing in 2009 was a 5643 square foot home on Gillette, selling for $650,000 or $115/square foot. The two closings in this quarter of 2010 were smaller with one 4436 sqft selling for $541,000 … (8 comments)
river landing: Franklin TN Real Estate - River Landing 2010 Mid-Year Market Report
- 07/16/10 04:56 AM
Franklin TN Real Estate - River Landing 2010 Mid-Year Market Report River Landing has had two properties sell this year. That is double the number they had in 2009 in the first half of the year. There are currently 4 homes on the market, 2 of them have inspection contingencies. All of this information leads us to believe that the market is, indeed, picking up in this area.
The homes in the front section of River Landing were built by Drees and Beazer Homes. Those in the rear portion of the neighborhood were either built by them or custom builders. … (4 comments)
River Landing continues to ride a roller coaster with their prices going up and down each year in an attempt to get themselves stabilized. It doesn't help that one year the homes in the front of the subdivision sell and the next year those, larger and more expensive, in the back sell. River Landing also suffered some of what I call the Nissan effect. That's where the Nissan employees moved here from Southern California in 2006. Many of them sold their million dollar bungalows and were able to pay cash … (2 comments)
Franklin TN Real Estate - River Landing Fall 2009 Market Report At first glance, it appears that River Landing sales and prices are spiraling to the abyss. Looking back as far as 2007 and then seeing each individual sale, the numbers look much better than the following will report. The number of sales in River Landing have been as follows: 12 in 2007, 9 in 2008 and so far 2 in 2009. There is one pending but these are actual closings from January through September. What is selling in 2009 are the more moderate priced homes. Those homes priced … (2 comments)
In River Landing, like many of the upscale neighborhoods in Franklin TN, home sales are down. In 2008 11 homes sold in the first half of the year. Below, you will see that there has been One closing and there is One pending for the same time period.
There are 7 homes on the market with an average asking price of $146/square foot. I don't think the Sellers or their Realtors have looked at the comparables lately. It doesn't matter if the market is up or … (0 comments)
River Landing had 10 closings in 2008. There were 3 in May, 3 in June, 3 in August and one in December. There have been no Closings thus far and there are no Pending sales. There are currently 6 homes on the market which equals a 7 month supply.In 2008 the closed homes had an average asking price of $151.50/sqft and sales price of $144/sqft. The active properties asking price this year is $143.50. Slightly below the sales price of last year and down 5%.All signs indicate that … (2 comments)
Franklin TN Real Estate, 2008 Market Trends for River Landing Subdivision Sales of Homes in River Landing were down 20% in 2008 over 2007 sales. The average sales price was up about 4% , but the Days on the Market were up over 100 days. The numbers are as follows: Number of Homes sold in 2007 : 12 Number of Homes sold in 2008 : 10 Average Days on the market in 2007: 90 Average Days on the market in 2008: 119 Average Sales Price 2007: $655,641
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