Founders Pointe Franklin TN Home Sales for August 2011 provided by Tammie White:
- Properties currently active on the market: 2
- Single-family properties closed in August 2011: 3
- Average sales price: $317,766
- Average list price: $329,266
- Sales price to list price ratio: 96.5%
- Average days on the market: 54
- Sales currently pending: 2
- Founders Pointe absorption rate: .7 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).
Founders Pointe is in an extreme seller's market for the third month in a row. The average days on the market have been under 80 days for the last three months with the last two months being under 60 days. The average sales price to list price ratio has been 96.5 or above. With just 2 homes currently listed, it's my opinion, that now may be an ideal time to sell your Founders Pointe home in Franklin TN.
First-time home buyers are attracted to this neighborhood and with interest rates so low, there is a strong indication that home sales in Founders Pointe will continue to be brisk.
Just look at the home sales recent history:
To receive your free competitive market analysis for Founders Pointe contact Tammie White, your Franklin TN REALTOR®, at (615) 495-0752.