What's My Oakwood Estates Home Worth? Market Report for June 2014

By
Real Estate Broker/Owner with Franklin Homes Realty LLC

What's My Oakwood Estates Home Worth? Market Report for June 2014

  • What's My Oakwood Estates Home Worth? Market Report for June 2014Properties currently Active on the market: 0
  • Single-family properties closed in June: 2
  • Average sales price: $341,500
  • Average list price: $361,400
  • Average sales price to list price ratio: 94.4%
  • Average days on the market: 143
  • Pending sales: 2
  • 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 reason for that is there currently isn't any inventory available. However, the numbers reveal a sad tale for sellers. The two homes that closed in June were on the market for quite awhile. Given that the list price to sales price ratio was only 94.4 and the average days on the market were 143, I would guess that these homes were over-priced.

This is one of the few neighborhoods priced under $350,000 with homes on an acre. These homes were both in good condition with recent updates. They should have sold quickly. 

Has that got you wondering what your Oakwood Estates home is worth? Just click the photo below, enter your address 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.

 What's My Oakwood Estates Home Worth? Market Report for June 2014

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. One of the homes sold closed in June didn't have professional photos. It didn't show well on-line. Since the internet has become the first showing, it's so important that the photographs be good.

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.

Posted by
Tammie White, Managing Broker/Owner
CLHMS, CRS, GRI, SFR
Franklin Homes Realty LLC
Franklin, TN
(615) 495-0752 
GET REAL. GET LOCAL.
 
This posting with the content written here and photographs displayed are the intellectual property and opinions of Tammie White of Franklin Homes Realty LLC. Any party who uses this material without the written permission of Tammie White is subject to copyright infringement and possible lawsuit.
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