Henley Franklin TN Home Sales for March 2012

By
Real Estate Broker/Owner with Franklin Homes Realty LLC

Henley Franklin TN Home Sales for March 2012 provided by Tammie White:

  • Properties currently active on the market: 8Henley Franklin TN Homes for Sale
  • Single-family properties closed in March 2012: 2
  • Average sales price: $412,950
  • Average list price: $453,400
  • Sales price to list price ratio: 91.1%
  • Average days on the market: 196
  • Sales currently pending: 0
  • Henley absorption rate: 4 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).

Based upon the numbers alone, it would appear that Henley is in a sellers' market. However, one of the sales closed in March was a foreclosure.

Of the 8 homes currently available, 2 are foreclosures and 1 is a short sale. There has never been a better time to buy a home in Henley.

Homes that previously sold in the high $600,000 to low $800,000's are now selling under $500,000. It all began last summer when Dave Ramsey purchased a foreclosure in this neighborhood for cash. As a well-known financial guru in Franklin TN, people take note when he buys. In my opinion, buyers are willing to venture into Henley because of his investment there. That is good news for this little neighborhood of approximately 30 homes.

I was a selling agent on a foreclosure in Henley in September 2011. The banks are anxious to take advantage of this recent influx of activity. If you would like to purchase a home in Henley, contact me today.

If you are interested in a Franklin TN home for sale or wish to sell your Franklin TN home, contact Tammie White, your Franklin TN REALTOR®, at (615) 495-0752.

Posted by
Tammie White, Managing Broker/Owner
CLHMS, CRS, GRI, SFR
Franklin Homes Realty LLC
Franklin, TN
(615) 495-0752 
GET REAL. GET LOCAL.
 
This posting with the content written here and photographs displayed are the intellectual property and opinions of Tammie White of Franklin Homes Realty LLC. Any party who uses this material without the written permission of Tammie White is subject to copyright infringement and possible lawsuit.

Comments (5)

Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

I really feel the market is turning for the better.  By the way I really like the home your chose for the blog.

Apr 02, 2012 02:31 PM
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Mark - That is an actual home in Henley. So it gives you a good idea of what you get for your money.

Apr 02, 2012 02:57 PM
Kim & Kristine Halverson
Compass - Santa Monica, CA
Sisters, Realtors

Hi Tammie, 

 

Great Listing here.I'm sure this would be out of the Market in no time.Good luck on this and best wishes with your career.

Apr 03, 2012 02:57 AM
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Kim & Kristine - Henley is a beautiful neighborhood and now is a great time to buy there.

Apr 03, 2012 03:45 AM
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Tammie,this looks like a beautiful neighborhood in your area. As top Franklin TN Short Sale Agent, your client is fortunate as you definitely have the marketing skills to help to everything they need. Best wishes on a quick and smooth closing!

May 18, 2012 01:11 AM