What's My Avalon Home Worth? November 2014
- Properties currently Active on the market: 15
- Single-family properties closed in November: 2
- Average sales price: $659,000
- Average list price: $689,900
- Average sales price to list price ratio: 95.5%
- Average days on the market: 95
- Active listings under contract: 0
- Avalon absorption rate: 7.5 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)
Avalon is currently experiencing a buyer's market. It's difficult to write a commentary on the sales in Avalon because of the diversity in housing within the different sections of this neighborhood. There is everything from townhomes to large million dollar estates on acreage. At a sales price to list price ratio of 95.5% it's clear these homes were overpriced.
Wondering what your Avalon home is worth? Click the photo below to be taken to an instant property valuation report.
Avalon draws buyers because of its prime location in the Cool Springs area. However, sellers must remember pricing is still paramount to securing a quick sale. Buyers are most concerned with pricing and condition. Since condition isn't usually an issue in these homes, pricing rules the day. As was witnessed by the closed sales for July.
With 92% of buyers beginning their home search on the internet, you need your home to have the best coverage possible online. This goes far beyond just syndicating your home to other websites.
At Franklin Homes Realty LLC, we use the latest technology so your home is seen by a large pool of buyers, including buyers outside our local market. We do this through the use of social media and blogging. We provide the #1 home search for buyers looking in Franklin TN neighborhoods.
Not convinced that Franklin Home Realty LLC leads the pack in internet dominance, let me Google that for you. As you can see our website, www.FranklinTNHomesforSaleOnline.com ranks in several places on the first page of Google. We are the only local real estate team to do that. The other spots are taken by national real estate sites and brokerages. This placement isn't due to ads. The only way to rank in these spots is by being recognized as an authority by Google for Franklin TN real estate.
Curious how we do this? When you get ready to sell your Avalon home, contact Tammie White at (615) 495-0752 and we'd be happy to share how we can do this for you.