What's My Ladd Park Home Worth? Market Report for July 2014
- Properties currently Active on the market: 32
- Single-family properties closed in July: 11
- Average sales price: $412,000
- Average list price: $412,178
- Average sales price to list price ratio: 100%
- Average days on the market: 28
- Active under contract: 5
- Percentage of active under contract: 16%
- Ladd Park absorption rate: 2.9 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)
Ladd Park is in a seller's market but sellers shouldn't be naive about what is happening in this neighborhood. Of the 11 closed sales, 8 were new construction. The good news to sellers is that new construction is bringing up the home prices in your neighborhood. The bad news is you're going to have a very tough time competing with the new builders for buyers. The only way to really do that is undercut their price or offer assistance to buyers in the form of closing costs. One of the advantages sellers have is the ability to close quickly.
Seventy-five percent of the homes currently listed in Ladd Park are new construction. When you are competing against that many brand new homes, pricing is essential to a quick sale. With the recent bridge outage due to a fuel tanker explosion, home sales may suffer until Carothers Parkway goes all the way through.
By now, you're curious about what your Ladd Park 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.
While the Franklin housing market is quite good right now, buyers have become more particular than ever. That's why so many buyers are turning to new construction homes. It is also why the sales in Ladd Park continue to be brisk. The majority of sellers in this neighborhood should already have granite counter tops and stainless steel appliances. If you don't, you may have a tough time competing in the current market.
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. You need an agent who proactively markets your property so it's found in the Google searches. Many agents won't know how to do this but we at TW Realty Group have spent years developing our on-line presence to market your Ladd Park home.
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.
Check out the Ladd Park 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 Ladd Park home, contact Tammie White at (615) 495-0752.