What's My Oakwood Estates Home Worth? Market Report for May 2014
-
Properties currently Active on the market: 0 - Single-family properties closed in May: 2
- Average sales price: $297,000
- Average list price: $289,950
- Average sales price to list price ratio: 102.4%
- Average days on the market: 12
- Pending sales: 1
- Oakwood Estates absorption rate: 0 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)
Oakwood Estates is in an extreme seller's market. The list price to sales price ratio is excellent and the days on the market are also extremely low. Since many of the homes here are Ramblers built in the '70s, they are in high demand. Baby boomers are looking for one-level living in Franklin and there's just not enough inventory to accommodate the demand. Even homes that are a little dated are selling rather quickly.
Wondering what your Oakwood 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.
For those homeowners who have already made improvements to your home, you can expect a quick sale. Others may want to make a few improvements before selling. Improvements will increase the value of your home. Meet with a real estate agent prior to doing this to see where you will get the most bang for your buck.
I know a homeowner in this neighborhood who recently over-improved his home. He will have a tough time recouping the money he put into it. His thought was that he would continue to live there for another 20 years and have the enjoyment of an updated kitchen. I wouldn't suggest that homeowners do this. It's always best not to have the most expensive house in the neighborhood.
Once you've made a few improvements to increase your value, pricing and marketing become your next hurdles. That's where we can help. 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 features of their homes. Additionally, you want your home to stand out from the others in your neighborhood with a single-property website. Just click the link to be taken to one example of the ways TW Realty Group markets your home.
One of the best ways to bring attention to your Oakwood Estates home is to have an agent who is using the newest technology to get the word out about your home. This includes the use of social media and blogging. Something not many listing agents in the Franklin housing market are doing.
Also, check out our website . It's easy to see why we get 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 Oakwood Estates home, contact Tammie White at (615) 495-0752.
Comments(0)