What's My Cottonwood Home Worth? Market Report for September 2014

By
Real Estate Broker/Owner with Franklin Homes Realty LLC

What's My Cottonwood Home Worth? Market Report for September 2014

  • Properties currently active on the market: 4What's My Cottonwood Home Worth? Market Report for September 2014
  • Single-family properties closed in September: 3
  • Average sales price: $373,500
  • Average list price: $374,633
  • Sales price to list price ratio: 99.7%
  • Average days on the market: 20
  • Active listings under contract: 2
  • Percentage under contract: 50%
  • Cottonwood absorption rate: 1.3 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market).

The demand for Cottonwood homes continues to grow. As a result, they are in an extreme seller's market. With less than two months of inventory available, now may be the time to sell your Cottonwood home.

Are you anxious to know what your Cottonwood home is worth? Just click the photo below and be taken to our instant home valuation tool. No more filling out forms and waiting for agents to get back to you. Receive the report in seconds.

What's My Cottonwood Home Worth? Market Report for September 2014

While the housing market is booming in Cottonwood, buyers have become more finicky than ever. Homes built in the mid-1970's will require some type of improvements to sell quickly. Buyers don't want to go through the time or expense of completing updates. I have seen painted cabinetry, granite counter tops and stainless steel appliances make a huge difference in helping these homes sell quickly.

Two of the closed homes had updates, netting a very high price. For those who don't have the funds to make updates, pricing your home right will be crucial to a quick sale. Don't think that your house will sell for the same price as your neighbors if he had updates and you do not.

Once you've determined price, then you want to make sure your home is marketed to the largest number of buyers. The only way to successfully do that is hire a real estate agent but don't just hire ANY real estate agent, hire one who has an internet presence. Your agent will need to do more than just syndicate your listing. The internet has become the first showing, you need your home to have a strong presence online. You can accomplish this though professional photography, virtual tours and single-property websites.

A whopping 92% of buyers begin their home search online. Don't make the mistake of throwing a sign in your yard and think it will sell in less than 20 days like the homes that closed in September. Marketing a home properly is the key to selling your home for the most amount of money in the least amount of time.

I know a seller who sold his Cottonwood home FSBO. He later realized, he didn't have a good handle on the value of his home. He got much less than he could have had he used a real estate agent. That difference would have easily covered the cost of an agent's commission. Don't make that same mistake. Get your home in front of as many buyers as possible. Marketing your home locally is no longer your target market. Buyers are moving here from all over the country. Those are the buyers you want to see your home.

To learn more about how TW Realty Group will get your house sold in the least amount of time for the most amount of money, call 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.

Comments (6)

Cindy Edwards
RE/MAX Checkmate - Johnson City, TN
CRS, GRI, PMN - Northeast Tennessee - 423-677-6677

Always a thorough report on the market in Franklin Tennessee

Oct 27, 2014 10:21 AM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Tammie. Anytime your market is converting listing to sales at nearly 100% of asking price, that is a pretty strong market.

Oct 27, 2014 08:24 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Tammy,

Always a very detailed and thoughtful analysis of your real estate market area. I'd say you are in an extreme seller's market..now would be the time to list your home for sale in Cottonwood..call Tammie White (615) 495 - 0752!

Oct 27, 2014 09:02 PM
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Tammie, as always you are the Cottonwood real estate agent to know and work with...get the best, hire Tammie!

Oct 27, 2014 10:13 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Good report. My sister lived in Cottonwood when she moved back to Middle Tennessee. They still have very pretty homes.

Oct 27, 2014 11:51 PM
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

Hi Tammie,

Great market report for Cottonwood.   You are clearly and expert on the area!

Oct 28, 2014 03:26 AM