Spencer Hall Franklin TN Home Sales for April 2013 provided by Tammie White Franklin TN REALTOR®:
- Properties currently active on the market: 1
- Single-family properties closed April 2013: 2
- Average sales price: $362,750
- Average list price: $362,400
- Sales price to list price ratio: 100.1%
- Average days on the market: 62
- Sales currently pending: 0
- Spencer Hall absorption rate: .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).
Spencer Hall is currently in an extreme sellers' market. The sales price to list price ratio is excellent and the average days on the market is low, making it an ideal time to sell your Spencer Hall home.
The interest rates are so low and Franklin TN first-time home buyers are looking in neighborhoods like this to buy their first home. The only listing here is already under contract. So there is currently no housing inventory available in Spencer Hall.
I closed on the home pictured to the right at 3124 Bruce Gardens in Spencer Hall. It sold in one day with multiple offers for $5,000 over the asking price of $360,000. Isn't that the way you want to sell your Spencer Hall home? In one day, over list price?
If you are looking to buy a Spencer Hall home, be prepared to act quickly as homes under $400,000 are selling the first few days on the market. Be sure to have the assistance of a buyer's agent who can act quickly when the right home comes on the market.
If you are interested in buying or selling a Spencer Hall home, contact Tammie White at (615) 495-0752 today.