Homes are selling in Forrest Crossing Subdivision in Franklin,  TN  currently there are a total of 15 Residential properties listed for sale as of  December 1st 2011.

Courtesy of Realtracs:

 

  Active  15 Properties Found    Forrest Crossing Subdivision   Franklin TN Homes For Sale
  Square Feet Bedrooms Full Baths Half Baths List Price Sales Price Days on Market
MIN 1,209 2 2 0 $187,500 $0 3
AVG 2,571 3.47 2.07 0.73 $280,303 $0 101
MEDIAN 2,750 4 2 1 $289,900 $0 71
MAX 3,376 4 3 1 $344,995 $0 341
  Closed  15 Properties Found                   Franklin Tn Real Estate
  Square Feet Bedrooms Full Baths Half Baths List Price Sales Price Days on Market
MIN 1,342 2 2 0 $193,000 $181,000 21
AVG 2,421 3.33 2 0.87 $273,473 $261,893 148
MEDIAN 2,742 3 2 1 $285,000 $275,000 147
MAX 3,415 4 2 2 $334,900 $320,000 448
  Pending  0 Properties Found                     Homes For Sale Franklin TN
  Square Feet Bedrooms Full Baths Half Baths List Price Sales Price Days on Market
MIN 0 0 0 0 $0 $0 0
AVG 0 0 0 0 $0 $0 0
MEDIAN 0 0 0 0 $0 $0 0
MAX 0 0 0 0 $0 $0 0
 
 
We can now break these numbers down to three averages: The chart shows that Forrest Crossing currently listed single family homes are listed for an average price of $280,303, with an average list price per square foot of $109.02. The average day's on market are currently at 101. The median number's are a reflection of half of the homes higher and half of the homes being lower in each category.
 
 
There were 15 properties that sold and closed in Forrest Crossing Subdivision during the period of June 1st 2011 through December 1st 2011.
 
Courtesy of Realtracs:   
 
  Closed  15 Properties Found                Franklin TN Listings
  Square Feet Bedrooms Full Baths Half Baths List Price Sales Price Days on Market
MIN 1,342 2 2 0 $193,000 $181,000 21
AVG 2,421 3.33 2 0.87 $273,473 $261,893 148
MEDIAN 2,742 3 2 1 $285,000 $275,000 147
MAX 3,415 4 2 2 $334,900 $320,000 448

 

We can now break these numbers down to four averages and a list price to sales price ratio: The chart shows that Forrest Crossing Subdivision sold properties from June 1st 2011 through December 1st 2011 were listed for an average price of $273,473, with an average list price per square foot of $112.96. The average day's on market for these sold properties were 148. The average price that properties actually sold for were $261,893. With this information we can see that the properties sold for 96% of the asking price. The median number's are a reflection of half of the homes higher and half of the homes being lower in each category.

I can also determine how many months of inventory are currently on the market based on the number of properties currently listed for sale and dividing that number by the the absorption rate for November 1st  2011 through Dec 1st 2011. The above charts show that there are 15 listed properties in Forrest Crossing Subdivision and there was 1 sale in the period of November 1st  2011 through December 1st 2011. This means that as of December 1st 2011, Forrest Crossing has 15 months of inventory in relation to November 1st through December 1st 2011 sales.

When looking back in the six month period from June 1st 2011 through December 1st 2011, the absorption rate comes out to 2.5 residential properties a month. This adjusts our months of inventory to 6 months of inventory. This is a wider view of what has occurred in terms of sales over the past six months and how the current level of  inventory compares to those sales of the six month period.

Now is the time to be in the market, whether you are selling or buying, the deals are here and for sellers, this is a great time to attract buyers. The rates for buyers are at historic lows and there is demand in our market. If you are a seller, you don't want to wait until interest rates go back up pushing more buyers out of the market.

Please feel free to contact me for a free report and evaluation for your property, neighborhood or project.

Schedule a showing by clicking here.

 

Williamson County & Surrounding Nashville Area Real Estate that WE WILL SELL!!!

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  Active  10 Properties Found
  Square Feet Bedrooms Full Baths Half Baths List Price