What's My Laurelbrooke Home Worth? Market Report for June 2014
- Properties currently Active on the market: 22
- Single-family properties closed in June: 5
- Average sales price: $1,254,780
- Average list price: $1,349,760
- Average sales price to list price ratio: 93%
- Average days on the market: 86
- Pending sales: 1
- Laurelbrooke absorption rate: 4.4 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 currently experiencing a normal market. The list price to sales price ratio is low which suggests homes are priced too high when they come on the market. However, the absorption rate is low in comparison to 8.5 months of inventory for homes priced over $1M. Average days on the market are also relatively low given the price point.
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.
Sellers should expect that it will take longer to sell a home in excess of $1M. There just aren't as many buyers at this price point. The two factors affecting homes at this price are going to be pricing it right from the beginning and marketing.
With 92% of buyers beginning their home search on the internet, sellers need their homes to have the best coverage possible on-line. This goes way beyond just syndicating listings to other websites.
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 102 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.