Henley Franklin TN Home Sales for October 2012

By
Real Estate Broker/Owner with Franklin Homes Realty LLC

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

  • Properties currently active on the market: 3Henley Franklin TN Homes for Sale
  • Single-family properties closed in October 2012: 2
  • Average sales price: $481,000
  • Average list price: $497,495
  • Sales price to list price ratio: 96.7%
  • Average days on the market: 105
  • Sales currently pending: 2
  • Henley 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).

Henley is in an extreme sellers' market. This Franklin TN neighborhood has made some strides in the last several months. Sellers are finally pricing these homes to sell. The result has been a high sales price to list price ratio and low days on the market.

Homes that previously sold in the high $600,000 to low $800,000's are now selling under $500,000. It all began in 2011 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.

Builders have once again begun construction here. This neighborhood will probably see some substantial growth over the next year. Buyers may want to act before prices begin to increase too much.

Henley Home Sales

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.

NOTE: The above photo is of an actual Henley Franklin TN home.

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 (14)

Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Tammie.  Is the house in the photo typical of homes in the average price range???

That's a lot of house.

Nov 05, 2012 05:30 AM
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Lenn - Yes, that is an actual home in Henley. I only use photos from the mentioned neighborhood for my market reports.

Nov 05, 2012 08:04 AM
Joy Daniels
Joy Daniels Real Estate Group, Ltd. - Harrisburg, PA

What a fabulous market report!  I love that you gave the absorption rate.  Nice average price range in your area!  You are definitely the realtor I would call for Franklin, TN

Nov 05, 2012 09:35 AM
Bas Panch
SCV Home Buyer - Valencia, CA

Beautiful photo Tammie! Thanks for the share.

Nov 05, 2012 09:35 AM
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Joy - This neighborhood is really doing well.

Bas - I include a photo from the neighborhood so consumers know what type of home they'll find there.

Nov 05, 2012 12:05 PM
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

WOW Tammie, this is an amazing real estate market and outstanding homes for the price range...love the report for the consumer too...

Nov 05, 2012 07:24 PM
Tanya Van Blake-Coleman
Van Blake-Coleman Realty, St. Thomas/www.talk-to-Tanya.com - St Thomas, VI
Improving the Quality of Your Life

I am studying at the knee of a master.  There is so much  good information here.  Congrats on the feature.

Nov 05, 2012 07:33 PM
Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Thanks for shairng the real estate activity in your local area. Keep selling

Nov 05, 2012 07:36 PM
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Tammie, very nice market report covering Henley. A lot of house for the money.

Nov 05, 2012 09:03 PM
Ed & Tracy Oliva
West USA Realty - Arizona - Fountain Hills, AZ
The Oliva Team Arizona Agents

Great report for all in your area,keep up the good work and good luck with your business in 2012/2013,  E

Nov 05, 2012 09:29 PM
Michelle Francis
Tim Francis Realty LLC - Atlanta, GA
Realtor, Buckhead Atlanta Homes for Sale & Lease

Tammie, 

Great info!  We are seeing "extreme seller's markets" here in Atlanta.  It's a whole new world that surprises some new buyers.

All the best, Michelle

Nov 05, 2012 09:56 PM
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Ginny - I'm trying to expand the data I provide to consumers by including recent addresses of homes sold.

Van - That's so nice. Thank you.

Harry - I plan on it.

Michael - These homes sold for much more several years back but it was just after the market time so they hit hard times for a few years. They are slowly on the rebound.

Ed - Thanks.

Michelle - It sure is. Buyers need to be prepared for the possibility of multiple offers.

Nov 06, 2012 12:34 AM
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Hi Tammie,
You always make us proud! Congrats on this listing, continue being top Franklin TN Short Sale Agent.

Nov 07, 2012 07:14 AM
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Katerina - Thanks for stopping by.

Nov 07, 2012 08:28 AM