River Landing Homes for Sale Franklin TN | Market Report May 2013

By
Real Estate Broker/Owner with Franklin Homes Realty LLC

River Landing Homes for Sale Franklin TN | Market Report May 2013

River Landing is located on the west side of Franklin TN off Berry's Chapel Road. There are approximately 200 homes. The homes were built between 1999 to 2006. River Landing homes range in size from 3,000 to 6,000 square feet. River Landing lot sizes range from one-third to one-acre home sites. There is 125 acres of passive green space and a bike trail. For an additional fee, residents can have access to the swimming pool at Legends Ridge.

River Landing is zoned for Williamson County Schools and students attend Walnut Grove Elementary, Grassland Middle and Franklin High School.

River Landing Homes for Sale in Franklin TN

River Landing Homes for Sale in Franklin TN Market Report May 2013

 

River Landing Franklin TN Market Report for May 2013

  • Properties currently Active on the market: 3
  • Single-family properties closed in May 2013: 7
  • Average sales price: $562,614
  • Average list price: $567,642
  • Average sales price to list price ratio: 99.1%
  • Average days on the market: 45
  • Sales currently pending: 0
  • River Landing 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 sellers' market; anything above 7 months of inventory is considered a buyers' market).

 River Landing is currently experiencing an extreme sellers' market. The average sales price to list price ratio is excellent and the average days on the market is very low; a winning combination for River Landing home sellers. Of the 3 active listings, 1 is already under contract. However, it is important for sellers to remember pricing a home right will lead to a quick sale.

The best way to determine a list price is to have an experienced real estate agent prepare a Competitive Market Analysis. This will provide you with the current active listings and most recent closed sales so you can price your home competitively.

If you are a River Landing home buyer, be sure to have the assistance of a Buyer's Agent.  He will be able to provide you with a Competitive Market Analysis to prevent you from over-paying for your River Landing home. The best part is the listing brokerage pays your Buyer's Agent.

If you need assistance buying or selling a River Landing home for sale in Franklin TN today, contact

Tammie White 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 (4)

Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Tammie, Is that absorption rate really .4 months? We are still at over 7 months across the board. What a difference 70 miles makes. 

Jun 18, 2013 01:09 PM
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Hi, Tammie...Great market and area information on River Landing in Franklin, TN. This is a great report for the consumers.

Jun 18, 2013 01:46 PM
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Debbie - Yes, that's what it is. Our market is very hot right now. We need listings badly. Sellers should be taking advantage of this market.

Debbie - Hopefully, they all see it and call me tomorrow to list their home.

Jun 18, 2013 01:50 PM
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services
Hello Tammie, these are already good numbers but I'm sure 2013 will even be a better year. Wishing you all the best in Franklin TN!
Jun 20, 2013 11:00 PM