Homes are selling in Sullivan Farms, with easy access to I - 65, I - 840, Nashville and beyond. Sullivan Farms is located in Franklin TN, and offers a wonderful opportunity to live in a area where there is much to do for all ages.

 

The  Real Estate market in and around Sullivan Farms has been very active in 2012 and the sales statistics are in for the second quarter of 2012. I want to review the second quarter results for Sullivan Farms and compare these results with the first quarter of 2012 and see how the market is trending.

 

I also think that there is value in comparing this years second quarter results with the second quarter of last year, April 1st 2011 through June 30th 2011, so that we can also get an understanding of how the market is trending for the community for the past year.

 

Second Quarter 2012 - Sullivan Farms
 

During the Second quarter of 2012 there were a total of 17 homes that sold in Sullivan Farms:
 

Sullivan Farms Home Sales 4/1/2012 through 6/30/2012

Courtesy of Realtracs:

 

Closed  17 Properties Found   Sullivan Farms - Franklin TN Real Estate
  Square Feet Bedrooms Full Baths Half Baths List Price Sales Price Days on Market
MIN 1,906 3 2 1 $249,900 $245,000 17
AVG 2,687 3.76 2 1 $324,216 $319,105 57
MEDIAN 2,664 4 2 1 $319,900 $316,900 51
MAX 3,486 4 2 1 $399,990 $399,990 113

 

We can now break these numbers down to three averages: The chart shows homes that sold in Sullivan Farms during the second quarter of 2012 were listed for an average price of $324,216 with an average list price per square foot of $120.66. The average day's on market were 57. This shows us that on average sellers received 98.42% of the list price during the second quarter of 2012.

 

First Quarter 2012 - Sullivan Farms

 

During the first quarter of 2012 there were a total of 7 homes that sold in Sullivan Farms:

Sullivan Farms Home Sales 1/1/2012 through 3/31/2012

Courtesy of Realtracs:

 

Closed  7 Properties Found    Homes For Sale Franklin TN
  Square Feet Bedrooms Full Baths Half Baths List Price Sales Price Days on Market
MIN 2,045 3 2 0 $249,000 $240,000 20
AVG 2,704 3.71 2.29 0.71 $305,228 $294,679 79
MEDIAN 2,553 4 2 1 $289,900 $281,000 77
MAX 3,919 5 3 1 $429,900 $422,000 211

 

We can now break these numbers down to three averages: The chart shows homes that sold in Sullivan Farms during the first quarter of 2012 were listed for an average price of $305,228 with an average list price per square foot of $112.88. The average day's on market were 79. This shows us that on average sellers received 96.54% of the list price during the first quarter of 2012.

 

Second Quarter 2011 - Sullivan Farms

 

During the Second quarter of 2011 there were a total of 14 homes that sold in Sullivan Farms:
 

Sullivan Farms Home Sales 4/1/2012 through 6/30/2012

Courtesy of Realtracs:

 

Closed  14 Properties Found    Sullivan Farms Homes For Sale
  Square Feet Bedrooms Full Baths Half Baths List Price Sales Price Days on Market
MIN 2,517 3 2 0 $269,900 $245,200 25
AVG 2,964 4 2.43 0.86 $327,902 $318,207 85
MEDIAN 2,796 4 2 1 $319,900 $315,700 84
MAX 3,811 5 3 2 $400,000 $389,900 171

 

We can now break these numbers down to three averages: The chart shows homes that sold in Sullivan Farms during the second quarter of 2011 were listed for an average price of $327,902 with an average list price per square foot of $110.63. The average day's on market were 85. This shows us that on average sellers received 97.04% of the list price during the second quarter of 2011.

 

Summary & Trends of These Sullivan Farms Real Estate Statistics

Second Quarter 2012                             First Quarter 2012                         Second Quarter 2011

Homes Sold = 17                                   Homes Sold = 7                              Homes Sold = 14

Avg. List Price = $324,216                     Avg. List Price = $305,228             Avg. List Price = $327,902

Avg. Sale Price = $319,105                   Avg. Sale Price = $294,679            Avg. Sale Price = $318,207

Avg. SP/LP Ratio = 98.42%                   Avg. SP/LP Ratio = 96.54%            Avg. SP/LP Ratio = 97.04%

Avg. Day's On Mkt = 78                        Avg. Day's On Mkt = 89                  Avg. Day's On Mkt = 88

 

Compare Sullivan Farms with Franklins overall Market Statistics

 

 

The information shows that Sullivan Farms in Franklin TN continues to trend in a positive direction. The average sale price is down up by slightly more that a quarter percent at .28% in the past year, the average sale price to list price ratio is up for the year with sellers receiving approximately 98.42% of asking price. This shows that sellers are now listing their homes closer to what buyers are willing to pay for them. The other great news is that sales are up in Sullivan Farms over last year buy approximately 21.43%. The average days on market continue to trend in a positive direction as well showing us that homes are not taking as long to sell.

 

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.

 
Franklin TN Real Estate - MySearchForHomes.com Team
Our Team is part of Exit Realty in and around Nashville Tennessee, which is The ELITE upcoming Real Estate firm in Middle Tennessee with a dedicated group of talented agents specializing in all aspects of Real Estate from Land/Lots to Estate homes. Our Team can help you Sell your home or help you find the right home anywhere in The Nashville area. Agents of Jim Pewitt, Steve Manley, and the rest of the team will make sure you get the BEST Price if selling and the BEST Deal if buying. Please don't hesitate to call one of our talented agents: we won't let you down. (615) 538-7490