Franklin TN Real Estate, 2008 Market Trends for River Landing Subdivision

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Real Estate Agent with Pilkerton Realtors

 

 

Franklin TN Real Estate, 2008 Market Trends for River Landing Subdivision

Sales of Homes in River Landing were down 20% in 2008 over 2007 sales. The average sales price was up about 4% , but the Days on the Market were up over 100 days. The numbers are as follows:

Number of Homes sold in 2007 : 12

Number of Homes sold in 2008 : 10

Average Days on the market in 2007: 90

Average Days on the market in 2008: 119

Average Sales Price 2007: $655,641

Average Sales Price 2008: $681,335

 

Average Price/Square Foot 2007: $153.58

Average Price/Square Foot 2008: $144.29

 

River Landing sales prices were not down a lot, but the price/square foot was down significantly. This shows that more larger homes sold in 2008. Of the 10 sales in 2008, only ONE home closed after 8/15/08. That would indicate that since the additional Market Slowdown last summer, sales are down at a greater pace. Also, there are currently no pending sales and there are 5 active listings on the market. This would indicate that there is a six month supply of inventory in this neighborhood. The active listings have been on the market for an average of 167 days.

River Landing is such a beautiful neighborhood. It's walking/bike trail starts at the entrance and goes all the way to the river. You can look out at the adjacent farm as you wander on this partially shaded path.

Franklin TN Real Estate Market Report

Brentwood TN Real Estate Market Report

Nashville TN Real Estate Market Report

Search for Franklin TN Real Estate or visit www.ConnieHarvey.com for more information. Contact Connie Harvey at HarveyC@realtracs.com or 888-798-7800 x 1300.

Whether you're Buying or Selling Real Estate in Franklin TN, Connie is the choice for you!

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Connie Harveyis a local agent with Pilkerton Realtors, serving home buyers and sellers in Nashville, TN, Brentwood TN, and Franklin TN. Let her help you realize your Real Estate goals. She can be reached at 615-371-2474.


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Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

Your stats are almost the opposite of what we saw in Costa Mesa where the number of sales is up more than double, but the median price is down $100,000.

Jan 26, 2009 12:34 PM #1
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Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

Christine, this is just one individual neighborhood. I broke down my stats by subdivision. Today I plan to compile a more general by the small towns.

Jan 26, 2009 11:17 PM #2
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Connie Harvey

Realtor - Nashville TN Real Estate
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