Redwing Farms Franklin TN Home Sales for October 2012 provided by Tammie White:
- Properties currently active on the market: 0
- Single-family properties closed in October 2012: 4
- Average sales price: $323,250
- Average list price: $331,199
- Sales price to list price ratio: 97.6%
- Average days on the market: 70
- Sales currently pending: 0
- Redwing Farms absorption rate: 0 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).
Redwing Farms is in an extreme sellers' market. All the inventory that was on the market has been depleted. This is an older neighborhood but most homes are on a one-acre-plus homesite.
While Redwing Farms is a Franklin mailing address, it is right outside the city limits which means homeowners don't pay a city property tax. Saving them $300-$400 a year.
The photo featured above is of a home I closed in Redwing Farms in October. It closed for 96.6% of list.
If you are interested in buying or selling a Redwing Farms home, contact Tammie White, your Franklin TN REALTOR®, at (615) 495-0752.
NOTE: The above photo is of an actual Redwing Farms Frankin TN home.