The $200,000 to $300,000 price point is the most popular for Condos and Townhomes For Sale in the the Franklin TN Condo and Townhome market. Here are a few of the facts about this market as of this writing, May 21, 2014.
- Condos and Townhomes for sale priced between $200,000 and $300,000: 28
- Of that, the number under contract: 12
- Average List Price per square foot: $154.31
- Median List Price per square foot: $160.00
- Size of units range from 1264 sq. ft. to 2459 sq. ft.
- Association Fee average: $206.00
- Units closed 1/1/14 to 4/30/14: 35
- List Price to Sold Price price ratio: 99.7%
- Average Days on Market for sold units: 54 Days
The homes in this market continue to move rapidly as 35 units in the $200,000 to $300,000 price range have closed in the first four months of 2014. Most startling for those unfamiliar with our current market is the 99.7% ratio of list price to sold price. This means discerning buyers really need to be aware of the impact that contingencies such as appraisal, financing, and home inspections have on their offer. An experienced agent from TW Realty Group can help you sort through the process of putting together an offer that is accepted!
First time buyers also have to be aware of the association fees that will be mandatory when one purchases a Condo or Townhome in Franklin TN. Those fees vary greatly. For developments in this price range the lowest association fee is $125.00, the highest is $280.00. They vary greatly based on what is included since some developments have pools and tennis courts to maintain, others do not.
It is very much a seller's market so buyers really need the assistance of an experienced buyer's agent to assist in the purchase of a Condo or Townhome in Franklin TN. Speed is of the essence in this market so let TW Realty Group provide you the necessary information and expertise to make your dream purchase a reality. Contact Tom White of TW Realty Group at (615) 870-8169 to assist you.
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