Leiper's Fork Homes for Sale in Franklin TN | Market Report for October 2013

By
Real Estate Broker/Owner with Franklin Homes Realty LLC

Leiper's Fork Homes for Sale in Franklin TN | Market Report for October 2013

Leiper's Fork is a historic village located within rural Franklin TN. Many believe that it is a city unto itself but it is a part of Franklin within the 37064 zip code. Although, it is considered a neighborhood in the local mulitple listing service, it is not a Franklin TN neighborhood in the traditional sense.

You will find a variety of homes here from small one-levels to large estates with horse property. Much of Leiper's Fork is protected by a Land Trust making Leiper's Fork the most desirable land available within Williamson County. Many country music stars call Leiper's Fork home. With the availability of unique homes and large acreage it's easy to see why residents aspire to live here.

It's not unusual to find a  wide variety of housing options available in Leiper's Fork. Currently there is everything from a small historic cottage built in 1900 to a large estate built in 2011. The smallest home currently on the market is 784 square feet. While the largest and most expensive home currently available in Leiper's Fork is a 15,370 square foot estate on 800 acres, priced at $19.9M.

Leiper's Fork Homes for Sale in Franklin TN

Leipers Fork Franklin TN Homes for Sale

 

Leiper's Fork Franklin TN Market Report for October 2013

  • Properties currently Active on the market: 27
  • Single-family properties closed in October 2013: 3
  • Average sales price: $988,333
  • Average list price: $1,092,333
  • Average sales price to list price ratio: 90.5%
  • Average days on the market: 75
  • Sales currently pending: 4
  • Leiper's Fork absorption rate: 9 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).

 Leiper's Fork is currently experiencing a buyers' market. This isn't surprising given that the homes are usually unique which often requires they be on the market a little longer than a home located in a traditional Franklin TN neighborhood.

While the average sales price to list price ratio is low, the average days on the market is also low. It's likely that some of the homes were priced too high when they came on the market. It wasn't until they dropped their price that they finally went under contract which accounts for the low sales price to list price ratio. It's always best to price your Leiper's Fork home for sale right from the very beginning.

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 Leiper's Fork home buyer, be sure to have the assistance of a Buyer's Agent. He/she will also be able to provide you with a Competitive Market Analysis to determine the best purchase price. This service is provided at no cost to you; Buyer's Agents are paid by the listing brokerage company.

If you need assistance buying or selling a Leiper's Fork homes for sale in Franklin TN today, contact

Tammie White at (615) 495-0752.

Note: While the photo above is of an actual home located in Leiper's Fork, it may not necessarily reflect the average sales price of a home there.

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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Rainmaker
1,675,429
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Tammie, Leiper's Fork sounds like an interesting area.  I wouldn't mind taking a tour of the $19,9 M home,  I like to see how they furnish and decaorate so much space.

Nov 23, 2013 10:38 AM #1
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Tammie, Leipers Fork is such a pretty part of the county. It has a country atmosphere making you feel like you are miles away from the hustle and bustle.

Nov 23, 2013 12:23 PM #2
Rainmaker
525,958
Lisa Friedman
Great American Dream Realty - Essex, VT
30 Years of Real Estate Experience!

Tammie, this is a very comprehensive and professional market report for homes in Leiper's Fork. I love your main photo selection!

Nov 24, 2013 10:22 AM #3
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Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services
Awesome market update Tammie! Very informative and easy to understand. Wishing you all the best and stay being the finest Franklin TN short sale agent.
Nov 26, 2013 01:35 PM #4
Rainer
131,985
Barbara Gregus
CARES Consumer Advantage Real Estate Services - Sandia Park, NM
Sandia Park Paa-ko Homes
Hello Tammie, very well done with this market report. Congratulations on a job well done last October. Keep it up and stay the best!
Jan 27, 2014 09:40 AM #5
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Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Larry - Leipers Fork is a fabulous area.

Debbie - That's exactly why people move there.

Lisa - That was a listing I had a few years back.

Katerina - Thanks for your continued support.

Barbara - Thanks for stopping by.

Jan 27, 2014 09:53 AM #6
Rainmaker
525,958
Lisa Friedman
Great American Dream Realty - Essex, VT
30 Years of Real Estate Experience!

Well Tammie, that is a house that would suit me perfectly. I just absolutely love the look to it. It looks like a very beautiful setting too surrounded by the trees like that.

Jan 27, 2014 11:18 AM #7
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