What's My Garden Club Estates Home Worth? Market Report for July 2014

Real Estate Broker/Owner with Franklin Homes Realty LLC

What's My Garden Club Estates Home Worth? Market Report for July 2014

  • What's My Garden Club Estates Home Worth?  Market Report for April 2014Properties currently Active on the market: 6
  • Single-family properties closed in July: 1
  • Average sales price: $527,500
  • Average list price: $524,000
  • Average sales price to list price ratio: 100.7%
  • Average days on the market: 43
  • Garden Club Estates absorption rate: 6 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)

While it appears that Garden Club Estates is in a normal market, there is additional information to be derived from the current market conditions. Normally, I wouldn't prepare a market report for just one home sale in a given month. However, the active inventory gives us a better indication of what's going on in this neighborhood, than the closed sale which sold quickly over asking price. What does that tell us about the remaining active listings?

Interestingly, only one of the active listings is currently under contract. That home was previously listed for 99 days without a contract. I can tell you the reason they weren't able to sell the house was because it was priced too high. When the sellers finally got realistic about their price, the home quickly went under contract.

What does that say about the remaining homes? If a home is priced right, it will sell in under 30 days. It's just a fact, plain and simple. Right now, the remaining homes have been on the market from 37 to 142 days. The sellers aren't being realistic about their price and their agents are doing them a disservice by taking over-priced listings. These sellers missed their best opportunity to sell over the summer months.

Are you curious what your Garden Club Estates 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.

What's My Garden Club Estates Home Worth? Market Report for April 2014

These homes were hit hard in the economic downturn. With several going into foreclosure. The sales for the last two years, however, have been strong. With prices continuing to rise. The close proximity of Garden Club Estates to Interstate 65 and Cool Spring Galleria make this a desirable location. Not to mention that the closest Publix is within walking distance.

While housing inventory in Franklin is low, buyers are more particular than ever. These homes already have the things that most buyers desire; hardwood floors, granite counter tops and stainless steel appliances but pricing is still crucial to a quick sale. Sellers who understand this will have the most success.

With 92% of buyers beginning their home search on the internet, you need your home to have the best coverage possible on-line. This goes way beyond just syndicating your home to other websites.

You want to make sure the photographs are professionally done showcasing the many features of your home. Then 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 Garden Club 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.

Check out the Garden Club Estates 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. By the way, be sure to  Like us on our website. This will get your home listing additional exposure.

When you are ready to sell your Garden Club Estates home, contact Tammie White at (615) 495-0752.

Posted by
Tammie White, Managing Broker/Owner
Franklin Homes Realty LLC
Franklin, TN
(615) 495-0752 
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.

Comments (3)

Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

 I would've loved to have staged othat spaciousness.

Aug 24, 2014 03:50 PM
Jordon Wheeler
The Jordon Wheeler Group - Fairburn, GA
J W Group Real Estate Sales and Service

Hi Tammie,

This is a nice market report.  I think it is appropriate to do a market report about a one home.  Hopefully the other sellers see your handy work and call you to get it SOLD!  Best of GREAT success to you in 2014!

Aug 24, 2014 03:50 PM
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Overpricing can really do more harm than good. Many sellers think that some buyers will bite the bait if they will sell their homes higher, not realizing that it will only make the home stale in the market. 

Aug 27, 2014 07:46 PM