Sullivan Farms Homes for Sale in Franklin TN | Market Report November 2013

By
Real Estate Broker/Owner with Franklin Homes Realty LLC

Sullivan Farms Homes for Sale in Franklin TN | Market Report November 2013

Sullivan Farms is located just south of historic, downtown Franklin off Mack Hatcher Boulevard. There are approximately 700 homes in the Sullivan neighborhood of Franklin TN. They generally range between 1,900 to 4,400 square feet. The homes were built between 1997 to 2004 by various builders including Drees, Beazer and Zaring Homes. The amenities include a park with playground, pool, pavilion and plenty of green space including a soccer field.

Sullivan Farms Homes for Sale in Franklin TN

Sullivan Farms Homes for Sale in Franklin TN

 

Sullivan Farms Franklin TN Market Report November 2013

  • Properties currently Active on the market: 4
  • Single-family properties closed in November 2013: 4
  • Average sales price: $369,750
  • Average list price: $380,424
  • Average sales price to list price ratio: 97.2%
  • Average days on the market: 49
  • Sales currently pending: 6
  • Sullivan Farms absorption rate: 1 month 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).

Sullivan Farms is experiencing an extreme sellers' market. Of the 4 homes currently listed, 1 is already under contract. That leaves less than a month of inventory. With an average sales price to list price ratio of 97.2% and an average days on the market of 49, there is strong evidence that Sullivan Farms homes are in high-demand. Homeowners who have recently considered selling their Sullivan Farms' home may not want to wait long.

If you are a Sullivan Farms homeowner who has been contemplating selling your home, contact me today for a Competitive Market Analysis. You may be pleasantly surprised to hear what your home is worth.

If you are a Sullivan Farms 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. Be advised that the current market is booming. Many homes are selling in the first day with multiple offers. All the more reason to make sure you have a Buyer's Agent to represent your interest during the transaction. This service is provided at no cost to you; they are paid by the listing brokerage company.

If you need assistance buying or selling a Sullivan Farms 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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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

1.4 months absorption rate is something we haven't seen in many years. Real estate is local and even 75 miles can make a huge difference.

Dec 09, 2013 10:38 AM #1
Rainmaker
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Wayne and Jean Marie Zuhl
Samsel & Associates - Clark, NJ
The Last Names You'll Ever Need in Real Estate

Wow - with only 1 month of inventory, anyone thinking about selling ought to call you right away! Now's the time!

Dec 10, 2013 01:32 AM #2
Rainmaker
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Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

That sound like the kind of neighborhood to grow a family, with all the amenities.

Dec 10, 2013 07:10 AM #3
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