What's My Willowsprings Home Worth? Market Report for July 2014
- Properties currently Active on the market: 11
- Single-family properties closed in July: 3
- Average sales price: $467,633
- Average list price: $476,585
- Average sales price to list price ratio: 98.1%
- Average days on the market: 101
- Active under contract: 1
- Active percentage under contract: 9%
- Willowsprings absorption rate: 3.7 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)
Willowsprings is experiencing a seller's market. The sales price to list price ratio is very good but the average days on the market are high. In all three cases, the homes were priced high when they first came on the market. After price reductions on all three, they went under contract which accounts for the high days on the market.
Want to know what your Willowsprings home is worth? Click the photo below to get the instant value of your home.
Willowsprings homes already have the amenities that buyers desire. Pricing a home correctly is crucial. The best time to sell your home is in the first few weeks. When you price high it costs you valuable time and additional money down the road.
While much of Franklin is in a seller's market, buyers are more particular than ever. They have the ability to search for homes from any location. Since 92% of buyers begin their home search on the internet, it's important that your home show well there. Buyers may rule out a prospective property just by what they see on the internet. Your home needs to have the best coverage possible. 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.
With new construction finally coming to an end, it may be a good time to sell your Willowsprings home. Through the use of social media and blogging, we are able to garner attention for your home making it visible to buyers relocating to our area. Just look at some of the ways we aggressively market your home.
When you are ready to sell your home, contact Tammie White at (615) 495-0752.