McKay's Mill Home Prices in Franklin TN for December 2013

By
Real Estate Broker/Owner with Franklin Homes Realty LLC

McKay's Mill Home Prices in Franklin TN for December 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 Home Prices in Franklin TN for December 2013

 

McKay's Mill Home Prices for December 2013

  • Properties currently Active on the market: 10
  • Single-family properties closed in December 2013: 10
  • Average sales price: $390,977
  • Average list price: $395,180
  • Average sales price to list price ratio: 98.9%
  • Average days on the market: 32
  • Sales currently pending:
  • McKay's Mill 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).

 McKay's Mill 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 sellers. The close proximity of these homes to the Cool Springs retail district and Interstate 65 make them very desirable. Although, there are 10 homes currently on the market, 7 of them are already under contract. That means there is less than a month of inventory currently available. 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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Rainmaker
1,228,566
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Interesting neighborhood, Tammie. Best of luck in 2014.

Happy New Year!

Dec 29, 2013 06:13 AM #1
Rainmaker
1,041,115
Mark Loewenberg
KW of the Palm Beaches - Palm Beach Gardens, FL
KW 561-214-0370

this is a great list of homes to showcase for the buyers in your local market!

Dec 29, 2013 08:29 AM #2
Rainer
229,542
Jill Winchel
Royal Shell Real Estate - The Koffman Group - Cape Coral, FL
We make it easy. You make it home.

Lovely neighborhood in Franklin. Hope we all get a few listings soon. Happy New Year!

Dec 30, 2013 08:51 PM #3
Rainmaker
771,637
Bob Baesmann
DFW Team Realty - Plano, TX
DFW Team Realty | 972-978-8800

Great information on your local market.

 

Thank you for sharing this important information about the Real Estate market in your area!

Dec 31, 2013 08:05 AM #4
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