What's My Historic Franklin Home Worth? December 2014

By
Real Estate Broker/Owner with Franklin Homes Realty LLC

What's My Historic Franklin Home Worth? December 2014

  • What's My Historic Franklin Home Worth? December 2014Properties currently Active on the market: 19
  • Single-family properties closed in December: 6 
  • Average sales price: $608,090
  • Average list price: $610,266
  • Average sales price to list price ratio: 99.6%
  • Average days on the market: 110
  • Active listings under contract: 2
  • Historic Franklin absorption rate: 3.6 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)

Historic Franklin is in a normal or steady market. All the homes that closed in December weren't actually historic homes, five of the six were new construction. Buyers love living close to historic, downtown Franklin. However,  prices usually make these homes cost prohibitive. Builders have bought up just about every available parcel of land to build new homes that are close to downtown and have a historic feel, while not actually being historic. 

The smallest home sold in December was 1,442 square feet built in 2013 and sold for $392,900. The largest home sold in December was 5,482 square feet built in 1920 and sold for $850,000. 

By now, you're wondering what your historic Franklin 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. Be prepared, due to the unique nature of these homes pricing is hard to gauge.

What's My Historic Franklin Home Worth? December 2014

Selling historic homes can be a real challenge and requires a special type of marketing. With 92% of buyers beginning their home search on the internet, sellers need their homes to have the best coverage possible there. This goes way beyond just syndicating listings to other websites.

The homes that have maximum exposure on the internet are the ones who get the most traffic and the best opportunity to sell. Professional photography is extremely important to marketing your historic Franklin home. You want to make sure the many architectural features of your home are highlighted. Additionally, you want the marketing of your home to go beyond the traditional sense. 

What's My Historic Franklin Home Worth? Market Report for June 2014Franklin Homes Realty LLC is using the newest technology to get the word out about Franklin and it's historic homes. This includes the use of social media and blogging. Something not many listing agents in the Franklin housing market are doing.

Don't believe me, Let Me Google That for You. When you click the link you will be taken to a Google search. The results will indicate that our website is ranked in several spots for the term, what's my historic Franklin TN home worth? That's above the national websites. It's easy to see why we get thousands of clicks each month. This provides your listing with exposure to home buyers all over the country who may be looking for historic Franklin homes.

When you are ready to sell your historic Franklin home, contact Tammie White of Franklin Homes Realty LLC 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.
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Location:
Tennessee Williamson County Franklin Historic Downtown Franklin
Groups:
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Dagny Eason
Dagny's Real Estate - Wilton, CT
Fairfield County CT, CDPE Homes For Sale and Condo

Tammie White Gee!  Great market report.  Historic Franklin looks wonderful.

Jan 09, 2015 12:37 AM #1
Rainmaker
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Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

Hi Tammie, that's a great market report for Franklin, Tennessee, thanks for sharing it.

Jan 09, 2015 01:46 AM #2
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Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Tammie, with low inventory of homes for sale in Franklin TN, now is a great time for homeowners thinking about selling their home to contact Tammie White to list their home. Have a great Friday afternoon!

Jan 09, 2015 04:39 AM #3
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Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Hi Tammie,  I bet these are some cool homes.  So what is the YOC that makes them historical?  Over 100 years.

Jan 09, 2015 07:18 AM #4
Rainmaker
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Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

The prices for these historical homes in Franklin are very similar to prices for vintage homes where I sell in East Sacramento. But Sacramento is affordable as far as California overall goes.

Jan 09, 2015 10:09 AM #5
Rainmaker
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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Tammie. As you well know, not everyone knows how to market and sell historic home. There are some truly amazing homes, hopefully some of these properties come your way.

Make it a great weekend!

Jan 09, 2015 07:31 PM #6
Rainmaker
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Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Tammie,

Your Franklin historic homes look wonderful! If you love in Franklin and have a historic home to sell call Tammie White ...she has superior marketing and will get your home SOLD!

Jan 09, 2015 10:51 PM #7
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Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Dagny - It is a destination location.

Sybil - Thanks for stopping by.

Beth - Thanks for your continued support.

Belinda Spillman - Although you will find homes that date back to the 1800's, historic Franklin is comprised of a 16-block area from the center of town. You will find historic, as well as, new homes. Some buyers like the look and location of historic homes but don't always want to be bothered with maintaining them. That's why builders have snatched up every possible parcel of land to build homes that look historic and are within walking distance of the square but provide modern amenties. You will find everything from small two bedroom bungalows to stately Southern mansions here.

Elizabeth - The square footage price of homes in historic Franklin are higher.

Joe - They can be a challenge as not everyone wants the upkeep.

Dorie - Thanks for the plug.

Jan 09, 2015 11:18 PM #8
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Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Good evening Tammie White , It sounds like the builders are on top of the housing situation in Franklin, TN, taking advantage of the Historic areas.

Jan 10, 2015 09:36 AM #9
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TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good morning Tammie. A friend of mine and I were traveling through the historic district of Franklin, Tennessee yesterday. I always am taken aback on how beautiful these homes early look. Talk about stepping back into time…

Jan 10, 2015 05:56 PM #10
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William Johnson
Retired - La Jolla, CA
Retired Real Estate Professional

Hi Tamie, Your post is terrific and I love the way you presented this. I also hit the submit button so if I get an e-mail, I will know it really is automatic. LOL.

Jan 11, 2015 02:03 PM #11
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