Founders Pointe First Half 2014 Market Report

By
Real Estate Agent with Pilkerton Realtors

Founders Pointe First Half 2014 Market Report

Founders Pointe Market Report

We always look forward to doing the Founders Pointe market report. The numbers tend to always exceed the rest of the area!

This spring was no exception. Sales just inched up but prices showed a remarkable increase.

 

  # Sales List Price Sales Price DOM
2013 7 $321,311 $321,471 30
2014 8 $366,706 $365,718 63
% Change 14% 14% 14% 210%

 

In the chart, it appears that prices increased 14%.

In Founders Pointe the sizes of the homes vary a good bit so we also looked at the average Sales Price/Square Foot. In the spring of 2013  the Average SP/SF was $129. The Average SP/SF in 2014 actually decreased to $126. That was a 2% decrease. Further research revealed that there were 4 homes with square footage over 3000. This would cause the average price/square foot to decrease in this manner.  Sales prices are certainly up but possibly not quite 14%. Of the 8 sales, 2 sold over list price and 3 sold for full price.

Founders Pointe

 

With lower inventory there are more offers on the homes and buyers tend to snatch them up quickly so as to not lose out!

 

Founders Pointe currently has one Pending listing with an asking price of $429,900. There are 2 Active listing showing but 1 of them has an inspection contingency on it.

That leaves 1 listing which is less than a One Month Supply! It may be mid summer, but Buyers are out there looking for homes in Founders Pointe.

If you or anyone you know are considering a move in 2014, why not get on the market before fall market begins!

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Connie Harveyis a local agent with Pilkerton Realtors, serving home buyers and sellers in Nashville, TN, Brentwood TN, and Franklin TN. Let her help you realize your Real Estate goals. She can be reached at 615-371-2474.


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Tennessee Williamson County Franklin Founders Pointe
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Rainmaker
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Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

I am glad to here that the Founders Point area is doing well. 

Jul 02, 2014 01:49 AM #1
Rainer
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Randy Shamburger
Movement Mortgage - Greenville, SC
FHA, VA, USDA and Conventional Mortgage Expert

Great market update, thanks for sharing.

Have a Big day,

Randy

Jul 02, 2014 02:04 AM #2
Rainer
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Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Connie.  It is good to see the prices going up.

Jul 02, 2014 05:04 AM #3
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Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

Tim - Almost everything in this neighborhood always sells well.

Randy - thanks

Conrad - Yes, everyone loves it when the prices go up.

Jul 02, 2014 05:38 AM #4
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Connie Harvey

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