Franklin, TN Real Estate News

By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Ladd Park homes for sale - The high interest rates have made an impact on Ladd Park home sales with more days on market and a lower list price to sales price ratio. Meaning that buyers sometimes have room to negotiate, something we haven't seen in a few years. The average sales price for Ladd Park homes sold during the month of October was $1,001,497 compared to $939,626 last year. average days on market is up to 32 days, giving buyers a chance to take a good look before making a purchase the average size of Ladd Park homes sold during October was 3202 square feet making the average price per square foot $315 6 homes are currently pending sale 12 Ladd Park homes are listed in the Nashville MLS as available for purchase The absorption rate for Ladd Park homes is one month based on sales ...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin TN homes for sale - Things have changed in the last few months with interest rates around 7% at this time, it's a much slower market for home sales and multiple offers are becoming an unusual occurrence  instead of the norm.  84  Franklin TN homes sold during the month of  October 2022 compared to 120 for the same month last year   429 Franklin homes are currently listed in the Nashville MLS for sale 196 homes are currently under contract the median sales price for homes sold during the month of October was $799,500 compared to  $720,000 last year, an increase of 11% the median price per square foot for homes sold was $317 compared to $272 for October of 2021 an increase of 16.5% the average list price to sales price ratio for homes sold in October was 98% Search for Franklin T...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin TN homes for sale - We are still seeing a slow down in home sales and it's all related to higher interest rates. It looks like the days of multiple offers for every home are over for now. Buyers finally get a chance to look at homes before they submit an offer, and investors seem to be less aggressive from what I've seen. 212 Franklin homes sold during the month of  September 2022 compared to 218 for the same period last year  427 Franklin homes are currently listing in the Nashville MLS as available for purchase 221 homes are currently under contract the median sales price for homes sold during the month of September was $$778,158 compared to $732,500 last year an increase of 6% the median price per square foot for homes sold was $321 compared to $265 for September of 2021 an ...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
The Top Franklin TN neighborhoods - based on number of sales for the month of August 2022 Westhaven  Franklin's most popular neighborhood with prices from $700,000 to over $2,000,000 Fieldstone Farms  for years the Franklin top neighborhood with homes priced from $400,000 to over $1,000,000 Mckays Mill in the Cool Springs area the homes sell fast priced from $400,000 to over $1,200,000 Ladd park  - homes priced from $800,000 to over $1,200,000 Berry Farms  homes priced from $600,000 to $1,800,000   Sales of homes in Franklin are slowing significantly due to much higher interest rates and the multiple offer situation has become less frequent. It's easier for buyers if you can stomach the higher interest rate. If you would like to search for Franklin Tn homes, just click on the links, or ...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
I get this question a lot lately, are home prices starting to come down in Franklin. It's a good question, and the data seems to indicate that maybe, but very slowly. Franklin home prices are still considerably higher than they were at this time last year with the median sales price up 16% year over year. However, the number of homes sold for July of 2021 was 260, compared to just 155 this year, a reduction of 41%.  For the first time in many months, we have more homes available to sell that we sold in the previous month. Usually when this happens we start to see price reductions and competition for buyers instead of multiple offers for every home. The reason for the change is much higher interest rates compared to last year. The Federal Reserve Bank has decided that we need a recession...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin TN homes for sale - Summer brought higher interest rates and slowing sales, so expect homes to stay on the market a few more days than we've seen recently. 245 Franklin homes sold during the month of  June 2022 compared to 302 for the same period last year a reduction of 23%  324 Franklin homes are currently listing in the Nashville MLS as available for purchase 297 homes are currently under contract the median sales price for homes sold during the month of June was $$820,000 compared to $705,000 last year an increase of 16% the median price per square foot for homes sold was $320 compared to $254 for June of 2021  the average list price to sales price ratio for homes sold in June was 103% Search for Franklin TN homes for sale here -  Information on this page is based on inform...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin TN homes for sale - Coming into summer with a hot sellers market with the median days on market down to 2 days 186 Franklin homes sold during the month of  May 2022 compared to 209 for the same period last year  224 Franklin homes are currently listing in the Nashville MLS as available for purchase 351 homes are currently under contract the median sales price for homes sold during the month of May  was $$950,000 compared to  $731,869 last year  the median price per square foot for homes sold was $331 compared to $242 for May of 2021  the average list price to sales price ratio for homes sold in May was 104% Search for Franklin TN homes for sale here - information on this page is based on information on single family homes for sale in Franklin per the Nashville Multiple Listing ...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin homes for sale - Coming into summer with a hot sellers market with the median days on market down to 2 days 173  Franklin homes sold during the month of  April 2022 compared to 218 for the same period last year  131 Franklin homes are currently listing in the Nashville MLS as available for purchase 251 homes are currently under contract the median sales price for homes sold during the month of April  was $$1,042,750 compared to  $710,000 last year  the median price per square foot for homes sold was $339 compared to $235 for April of 2021  the average list price to sales price ratio for homes sold in April was 106% Search for Franklin TN homes for sale here - information on this page is based on information on single family homes for sale in Franklin per the Nashville Multiple ...
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By The Brewer Team - Benchmark Realty
(Benchmark Realty)
Franklin TN homes for sale - As reported in the past few months Franklin still has a shortage of homes for sale and an abundance of willing buyers. 216 Franklin TN homes sold during the month of October 2021 compared to 300 in October of 2020 119 homes are currently available for sale 296 homes are currently under contract the median sales price for homes sold during the month of October was $725,000 compared to $599,900 last year an increase of 21% the median price per square foot for homes sold was $266 compared to $206 for October of 2020 an increase of 29% the average list price to sales price ratio for homes sold in October was 102% Search for Franklin TN homes for sale here - information on this page is based on information on single family homes for sale in Franklin per the Nashv...
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By Elizabeth Leanza, "Helping Your Dreams Come Home"
(Elizabeth Leanza Realty One Group - Realtor)
 You only get one chance to make a first impression so make sure your home is staged so it leaves buyers impressed. When selling your home, the first impression is everything! Some simple ways to get it market-ready are staging and de-personalizing. This means removing personal items like photos of family members or aunt Edna's 100 piece doll collection that might turn off potential buyers (or just creep them out). While you may love these things, they make it difficult for buyers to see them themselves in their potential new home and will distract them from all of your homes features. When you decide to put your home on the market, it will no longer feel like "your" home. You must detach emotionally from your belongings and make sure they don't distract buyers by allowing them to imagi...
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By Elizabeth Leanza, "Helping Your Dreams Come Home"
(Elizabeth Leanza Realty One Group - Realtor)
The Importance of Professional Real Estate PhotographyProfessional real estate photography is an excellent way to stand out among other agents. Real estate photos, when taken by a professional photographer, can significantly help sell listings faster and at higher prices for the agent. With so many properties on market each day it's important that you give potential homebuyers a good first impression with appealing pictures of your listing online so it will stand out in a sea of listings. Professional real estate photography is guaranteed to grab the attention of buyers and generate an emotional response. using lighting, angles, and other tricks to capture each home's unique beauty so that it appeals more directly towards potential buyers. When it comes to real estate photography for re...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Westhaven Homes are still in a hot sellers market  - 32 homes sold during the month of June 2021 and only 10 homes are currently listed and not under contract. The average list price to sales price ratio for June was 105% $327 - the average price per square foot of homes sold during June compared to $239 last year an increase of 37% $977,500 - the median price of homes sold during the month compared to $693,584 last year 105% - the list price to sales price ratio of homes sold during the month 6 - Average days on market for homes sold during the month 44 - Westhaven homes are currently pending sale most are under construction 10 -  Westhaven homes are currently listed in the Nashville MLS but some are under construction Westhaven homes in Franklin TN have been the one of the most popula...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Westhaven Homes are in a hot sellers market  - 12 homes sold during the month of February 2021 and only 5 homes are currently listed and not under contract. The list price to sales price ratio is 103% $297 - the average price per square foot of homes sold during February compared to $241 last year $942,362 - the median price of homes sold during the month compared to $710,942 last year 103% - the list price to sales price ratio of homes sold during the month 18 - Average days on market for homes sold during the month 47 - Westhaven homes are currently pending sale most are under construction 5 -  Westhaven homes are currently listed in the Nashville MLS but some are under construction Westhaven homes in Franklin TN have been the one of the most popular neighborhood in Williamson county ...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin TN homes for sale -  The sellers market continues in Franklin with only 98 active listings on the day I wrote this. We had 152 closings for the month of February give us an absorption rate of less than one month.  152 Franklin TN homes sold during the month of February the same as February last year 98 homes are currently listed for sale but most are not finished homes 323 homes are currently under contract the median sales price for Franklin TN homes sold during the month of February was $575,200  the median price per square foot for homes sold was $215 up 8% over the last 12 months the list price to sales price ratio for homes sold in February was 100% the median days on market is down to 5 days  Search for Franklin TN homes for sale here     See the most popular Franklin nei...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin TN homes for sale – Franklin homes sales are in an extreme seller’s an absorption rate of less than one month with most affordable homes getting multiple offers the first day its listed. 227 Franklin TN homes sold during the month of December compared to 229 for December of 2019. 141 homes are currently listed for sale many are not completed  273 homes are currently under contract the median sales price for Franklin TN homes sold during the month of December was $589,900 up 12.5% in the last 12 months the median price per square foot for homes sold was $216 up 7% over the last 12 months the list price to sales price ratio for homes sold in December was 100% the average days on market is down to 29 days  Search for Franklin TN homes for sale hereSee the most popular Franklin nei...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin homes for sale - Franklin homes sales are in an extreme seller’s an absorption rate of less than one month with most affordable homes getting multiple offers the first day its listed. 225 Franklin TN homes sold during the month of November compared to 237 for Novemberr of 2019. 185 homes are currently listed for sale many are not completed homes 329 homes are currently under contract the median sales price for Franklin TN homes sold during the month of November was $584,900 up 12.5% in the last 12 months the median price per square foot for homes sold was $209 up 7% over the last 12 months the list price to sales price ratio for homes sold in November was 100% the average days on market is down to 9 days   Search for Franklin TN homes for sale here For the most-up-to-date infor...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Westhaven Homes are in a hot sellers market  - 37 homes sold during the month of September 2020 compared to 17 for the same month in 2019 an increase of 117% year over year. The average sales price has median sales price has increased 12.8% during the last 12 months $248 - the average price per square foot of homes sold during September compared to $234 last year $750,000 - the median price of homes sold during the month 99.7% - the list price to sales price ratio of homes sold during the month 32 - Average days on market for homes sold during the month 54 - Westhaven homes are currently pending sale 13 -  Westhaven homes are currently listed in the Nashville MLS but some are still under construction Westhaven homes in Franklin Tn have been the one of the most popular neighborhood in Wi...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Homes for sale in Franklin Tn - Franklin homes are in a sellers market with many of the more affordable homes having multiple offers the first day on market. The number closings in September were up 45% compared to September of 2019 and the average sales price has increased 21% and the average cost per square foot has increased 9% in the last 12 months. 296 Franklin TN homes are currently listed in the Nashville MLS for purchase at this time 296 homes closed during the month of September, up 45% compared to the same month of last year 435 Franklin homes are currently under contract at this time the average sales price for Franklin TN homes sold during the month of September was $694,038 at $216 per square foot up 9% for the last 12 months the list price to sales price ratio for homes so...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin TN homes for sale - The lock down due to the Wuhan virus scare had a large impact on sale of homes in Franklin TN during the month of May where closings were down by 33% compared to the same month last year. Do not be mislead into thinking it had any impact on the prices of homes, because the average price per square foot of homes sold went up 3% to $210. Pending sales are very strong at this point and it looks like the summer will be very active. 531 Franklin TN homes are currently listed in the Nashville MLS for purchase at this time 189 homes closed during the month of May, down 33% from last year 398 homes are currently under contract at this time the average sales price for Franklin TN homes sold during the month of May was $609,043 at $210 per square foot the list price t...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Westhaven Homes for sale in Franklin TN - 22 homes sold during the month of April 2020 at an overage price of $768,031. Even with the virus scare, buyers were buying and builders were building in Westhaven. The number of homes closed during the month was down, but prices were higher than the same month last year. $256 - the average price per square ft of homes sold during April $768,031 - the average price of homes sold during the month 100.47% - the list price to sales price ratio of homes sold during the month 54 - Average days on market for homes sold during the month 36 - Westhaven homes are currently pending sale 81 - Westhaven homes are currently listed in the Nashville MLS but most are still under construction Westhaven homes in Franklin Tn have been the one of the most popular n...
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