Legends Ridge Homes for Sale Market Report August 2013

Legends Ridge Homes for Sale Market Report August 2013

Legends Ridge Franklin TN homes for sale are located in the rolling hills on the west side of town. It is one of the most beautiful neighborhoods in the area. There are approximately 200 homes in this luxury Franklin TN neighborhood that range between 4,000 to 10,000 square feet. The majority of the lots are one-acre, however, you will find homes with more acreage. The homes date as far back as 1997 but there is still building going on today. There are still Legends Ridge lots available for purchase.

Legends Ridge amenities include a swimming pool, clubhouse, two-lighted tennis courts, a stocked fishing lake, walking trails and playground.

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  Legends Ridge Homes for Sale Market Report August 2013 

• Properties currently active on the market: 3
  
• Single-family properties closed April 2013: 4
• Average sales price: $1,115,898
• Average list price: $1,130,700
• Sales price to list price ratio: 98.7%
• Average days on the market: 78
  
• Sales currently pending: 0
  
• Legends Ridge absorption rate: 1.3 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).

 There are currently 3 homes for sale in Legends Ridge in Franklin TN with living space ranging from 4,637 square feet to 7,530 square feet. As for the price range, it varies from $822,000 to up to $1,257,500. Currently, 1 home is under contract.

 Legends Ridge is clearly in an extreme sellers' market. The sales price to list price is excellent and the days on the market is low; making this a great time to list your Legends Ridge home. Apparently, sellers are pricing their homes correctly in this Franklin TN luxury neighborhood.

The key to a quick sale is pricing a home right in the beginning. The best way to do that is to have a Competitive Market Analysis performed. For a free Competitive Market Analysis, just give me a call.

If you are a buyer, remember to seek the assistance of a Buyer's Agent. This agent will represent you during the transaction to assure you get the best price and terms for your home. If you are in need of a Buyer's Agent, contact Tammie White at (615) 495-0752.

Click here for the most current list of homes for sale in Legends Ridge