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