What's My Laurelbrooke Home Worth? Market Report for May 2014
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Properties currently Active on the market: 25 - Single-family properties closed in May: 2
- Average sales price: $1,494,500
- Average list price: $1,632,500
- Average sales price to list price ratio: 91.5%
- Average days on the market: 64
- Pending sales: 1
- Laurelbrooke absorption rate: 12.5 months of inventory (a normal or steady market would be 5-7 months, a buyer's market would be in excess of 7 months, and a seller's market would be less than 5 months)
Laurelbrooke is in an extreme buyer's market. The list price to sales price ratio is terrible. However, it is higher than the average of 88% for Franklin luxury homes priced above $1M. Surprisingly, the average days on the market is low considering the price point. Sellers should expect that it may take awhile to sell a Laurelbrooke home given the market for homes at this price.
Wondering what your Laurelbrooke home is worth? Just click the photo below and you will receive your home valuation instantly. No more forms to fill out and then wait for a response. You receive the report in seconds.
Whenever you have a home valued in excess of a million, you should expect that it may take longer to sell. There just aren't as many buyers at this price point. Since the homes are already spectacular, sellers need very little assistance there. Unless, they are trying to sell a vacant home. Then staging may be the answer to a quicker sale.
Marketing becomes the key factor when selling a Laurelbrooke home. With 92% of buyers beginning their home search on the internet, sellers need their homes to have the best coverage possible on the internet. This goes way beyond just syndicating listings to other websites.
The homes that have the best coverage on the internet are the ones who get the most traffic and as a result multiple offers. Sellers want to make sure the photographs are professionally done showcasing the many architectural features of their homes.
One of the best ways to bring attention to your Laurelbrooke home is to have an agent who is using the newest technology to get the word out about your million dollar listing. This includes the use of social media and blogging. Something not many listing agents in the Franklin housing market are doing.
Last year, I sold a $1.45M Brownstone to an out-of-state buyer. This wasn't my listing but the buyer contacted me because of the great information I provided through my website and various blogging venues about this development. That is exactly the type of exposure you want for your Laurelbrooke home. There are currently 98 active home listings in Franklin priced above $1M. Blogging about your home can really make it stand out from your competition.
Also, check out the Laurelbrooke homes for sale webpage on our site. It's easy to see why our website gets thousands of clicks each month. This provides your listing with exposure to home buyers all over the country.
When you are ready to sell your Laurelbrooke home, contact Tammie White at (615) 495-0752.
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