Stonebridge Park Franklin TN Home Sales for March 2013 provided by Tammie White:
- Properties currently active on the market: 5
- Single-family properties closed in March 2013: 3
- Average sales price: $542,333
- Average list price: $559,666
- Sales price to list price ratio: 96.9%
- Average days on the market: 28
- Sales currently pending: 0
- Stonebridge Park absorption rate: 1.7 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).
Stonebridge Park is currently in an extreme sellers' market. The average sales price to list price ratio is lower than sellers would like. That may suggest they haven't quite reached the right listing price yet but the average days on the market is low which is always good news.
My advice to sellers would be to carefully look at where the competition is selling and then price accordingly. As always, an aggressive marketing approach both on-line and off-line will improve your exposure for a neighborhood that's generally not that well-known.
Call Tammie White today at (615) 495-0752 for assistance buying or selling your Stonebridge Park home and all Franklin TN real estate.
NOTE: The photograph featured above is of an actual Stonebridge Park home in Franklin TN.