Franklin Tennessee Market Update

By
Real Estate Agent with Benchmark Realty LLC 324386

   Get ready folks as I amaze you with my mad analytical skills.  Just kidding, there is not much that's more boring than analytics which says a lot about me in that I love to analyze stuff.  What I find exciting is the big payoff, INFORMATION!  So here you go I hope you find the following helpful. Currently there are 116 homes listed on the MLS for sale in Franklin Tennessee for $450,000 or less and the average list price is $391,188.  Last year 1179 homes were sold and the average sales price was $355,853.  What does all this mean?  Well, we still are very short on inventory which results in a “Sellers Market” and makes it imperative that you find a Realtor to help you buy or sell property at a fair price.  Analytics (specific to location), condition of property as well as future plans for the neighborhood all effect value so you need a local expert and one with the ability to see the “big picture”.   Let’s drill down and specifically look at three months of sales in a few neighborhoods too.  Search for homes in Franklin Tennessee. 

  •         Westhaven accrued 55 sales at an average price of $559,949. This PUD co
    mmunity accounted for 12.5% of all sales in Franklin Tennessee.
  •         Fieldstone Farms accrued 19 sales at an average price of $401,852. This neighborho
    od accounted for 4.5% of all sales.
  •         McKay’s Mill accrued 21 sales at an average price of $406,906. This neighborhood accounted for 5% of all sales.
  •         Ladd Park accrued 21 sales at an average price of $409,750. This neighborhood accounted for 5% of all sales.
  •         Sullivan Farms accrued 12 sales at an average price of $378,033. This neighborhood accounted for 3% of all sales.

    Good luck in your home search. If you see Duke and I strolling down Main Street say hi and please contact me for more information on the Real Estate market and look for these market updates quarterly.

 

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Rainmaker
783,646
Susan Laxson CRS
HomeSmart Professionals - La Quinta, CA
Local Knowledge & Global Network

Hi Terry, we sold our home in Franklin last year and moved to Florida. I think Franklin will always be in our hearts as one of the best communities that we have ever lived in and thanks for the market update to keep us apprised of the area!

Apr 26, 2016 04:19 AM #1
Rainmaker
17,309
Terry Stutts
Benchmark Realty LLC - Franklin, TN
Professional Sales, Personal Care

Glad you found this helpful. Have a great week.

Apr 26, 2016 04:27 AM #2
Rainmaker
1,902,863
Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Terry,   always enjoy viewing information on other locations.

Apr 26, 2016 05:34 AM #3
Rainmaker
1,210,507
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Wow! You have impressed me with your market report Terry Stutts 

Have a great weekend in Franklin, TN

May 13, 2016 06:40 AM #4
Ambassador
2,348,019
Fred Griffin, on leave of absence from ActiveRain
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     Nice presentation, great market report.   I am so envious... in my two markets (Tallahassee, Florida and Ocala, Florida), we are in a Buyers' Market. 

     For example, I did a search yesterday for a client in Ocala.  She asked about 3/2 priced between 150 and 200K.  There are 400 houses that meet that criteria for sale!

May 14, 2016 12:11 AM #5
Rainmaker
1,675,316
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Good morning Terry Stutts ,  I am impressed by your Market Report for Franklin, TN.  I hope you have a great weekend.

May 14, 2016 12:15 AM #6
Rainmaker
17,309
Terry Stutts
Benchmark Realty LLC - Franklin, TN
Professional Sales, Personal Care

Thank you. Hope you do as well.

May 14, 2016 12:41 AM #7
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782,930
Mimi Foster
FALCON PROPERTY SOLUTIONS - Colorado Springs, CO
Voted Colorado Springs Best Realtor

Nice presentation of what's going on in your local real estate market in Franklin, TN

May 17, 2016 12:51 AM #8
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Rainmaker
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Terry Stutts

Professional Sales, Personal Care
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