McKay's Mill Homes for Sale in Franklin TN | Market Report July 2013

By
Real Estate Broker/Owner with Franklin Homes Realty LLC

McKay's Mill Homes for Sale in Franklin TN | Market Report July 2013

McKay's Mill is located just east of Interstate 65 off Liberty Pike in Franklin TN. There are approximately 1,500 homes. However, this Franklin TN neighborhood is still building homes. Originally, there were several builders in this neighborhood but the majority of the homes were built and continue to be built by The Jones Company. The first homes were built in 1999. McKay's Mill homes range in size from 1,350 square foot one-level condos to 6,500 square foot three-level executive-style homes.

McKay's Mill amenities include a clubhouse with workout room, Olympic-size swimming pool, play/picnic areas, gazebos and a walking trail system. There is also a Publix grocery store, Walgreen's and daycare facility located within the neighborhood.

McKay's Mill Homes for Sale in Franklin TN

 McKay's Mill Homes for Sale in Franklin TN

 

McKay's Mill Franklin TN Market Report for July 2013

  • Properties currently Active on the market: 20
  • Single-family properties closed in July 2013: 15
  • Average sales price: $392,686
  • Average list price: $398,114
  • Average sales price to list price ratio: 98.6%
  • Average days on the market: 42
  • Sales currently pending: 10
  • McKay's Mill absorption rate: 1.6 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).

 McKay's Mill is currently experiencing an extreme sellers' market. The average sales price to list price ratio is high and the average days on the market is low; a winning combination for sellers. The close proximity of these homes to the Cool Springs retail district and Interstate 65 make them very desirable. Although, there are 20 homes currently on the market, 4 of them are already under contract. Homes priced right in good condition are going under contract quickly.

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 McKay's Mill home buyer, be sure to have the assistance of a Buyer's Agent, even when purchasing new construction. A Buyer's Agent will provide you with a Competitive Market Analysis and negotiate the best price for you. This service is provided at no cost to you. Buyer's Agents are paid by the listing brokerage company or new construction builder.

If you need assistance buying or selling a McKay's Mill homes 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.
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Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services
Hello Tammie, great insight of Market Report July 2013 in McKay's Mill Homes for Sale in Franklin TN,  Stay the best and keep up the good work.
Jul 30, 2013 12:46 PM #1
Ambassador
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Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Katerina - Thanks for stopping by.

Jul 30, 2013 01:01 PM #2
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Erika Rogers
Red Rock Real Estate ~ Southern Utah's Largest Independent Brokerage - Saint George, UT
St George Utah Real Estate & Relocation Specialist
Great localism post you have here Tammie. Thanks for sharing how well McKay's Mill Homes for Sale in Franklin TN did last July 2013. Wishing you all the best this year. Keep it up and Have a great day!
Jul 30, 2013 11:42 PM #3
Rainer
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Waynette Hoover Araj
Keller Williams Realty - Asheboro, NC
Connecting your Dreams with the Right Real Estate
Awesome market report Tammie. This is really very informative and easy to understand. Keep it up!
Sep 13, 2013 12:31 PM #4
Rainmaker
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Petra Norris
Lakeland Real Estate Group, Inc. - Lakeland, FL
Realtor, Lakeland FL Homes for Sale
Great market update Tammie. This is indeed very informative and the graphs made it very easy to understand. I hope this trend continues all the way 'till december. All the best!
Sep 23, 2013 11:56 PM #5
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