Franklin TN Condo/Townhomes Between $200,000 and $300,000

Franklin TN Condo/Townhomes Between $200,000 and $300,000

More Condos and Townhomes are sold in this price range in Franklin TN than in any other price grouping. It is the "sweet spot" for sales of Condos and Townhomes. For all price groupings, 205 units have closed so far this year. Let's take a quick look at what's happened in the $200,000 to $300,000 market since the beginning of 2014.

• Condos/Townhome Units between $200,000 and $300,000 closed: 92
• Average List Price: $252,724
• Average Sales Price: $248,447
• Average Sales Price to List Price Ratio: 98.3%
• Average Size of Closed Units: 1,607 square feet
• Average Sales Price per Square Foot: $154.60
• Lowest Sales Price per Square Foot: $93.49 (Andover)
• Average Days On Market: 56
• Units AVAILABLE AS OF 11/11/14: 17

Two developments tied for the most sales in this time period for units between $200,000 and $300,000: Parkside at Aspen Grove and McKay's Mill/Park Run, both with 12 closed sales. 

The sales price to list price ratio remains at a high level (98.3%).  This means that if a unit is "priced right",  you may have a somewhat limited ability to negotiate. This varies greatly from unit to unit and and from development to development. It is extremely important to enlist the aid of an experienced buyer's agent to help you pay no more than you should for the condo or townhome you desire.

In the $200,000 to $300,000 Condo/Townhome market, buyers need to act very quickly to secure the home they desire. The inventory is very limited, but TW Realty Group is here to help. When you are ready to buy a Franklin TN Condo or Townhome, contact Tom White of TW Realty Group at (615) 870-8169.