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Homes are selling in Sullivan Farms Subdivision in Franklin TN, currently there are a total of 16 Residential properties listed for sale as of  October 10th 2011.

Courtesy Of Realtracs:

  Active  16 Properties Found       Sullivan Farms Subdivision   Homes For Sale Franklin Tn
  Square Feet Bedrooms Full Baths Half Baths List Price Sales Price Days on Market
MIN 2,402 3 1 0 $285,000 $0 3
AVG 3,036 4.25 2.38 0.94 $345,862 $0 76
MEDIAN 2,986 4 2 1 $331,950 $0 80
MAX 3,974 5 4 4 $449,900 $0 214

We can now break these numbers down to three averages: The chart shows that Sulliavan Farms Subdivision currently listed single family homes are listed for an average price of $345,862, with an average list price per square foot of $113.92. The average day's on market are currently at 76. The median number's are a reflection of half of the homes higher and half of the homes being lower in each category.

Sullivan Farms also has a total of 2 Residential properties listed as a pending sale as of October 10th, 2011.

Courtesy Of Realtracs:

  Pending  2 Properties Found         Sullivan Farms Real Estate--Homes for sale
  Square Feet Bedrooms Full Baths Half Baths List Price Sales Price Days on Market
MIN 2,896 4 2 1 $329,900 $0 111
AVG 3,142 4 2 1 $359,700 $0 119
MEDIAN 3,143 4 2 1 $359,700 $0 119
MAX 3,389 4 2 1 $389,500 $0 127
 

We can now break these numbers down to three averages: The chart shows that Sullivan Park homes currently listed as pending single family home sale are listed for an average price of $359,700 with an average list price per square foot of $114.48 The average day's on market are at 119 as of October 10th 2011.

There were 35 properties that sold and closed in Sullivan Farms during the period of January 1st 2011 through October 10th 2011.

Courtesy Of Realtracs:

  Closed  35 Properties Found          Sullivan Farms Franklin TN Home Sold
  Square Feet Bedrooms Full Baths Half Baths List Price Sales Price Days on Market
MIN 2,359 3 2 0 $269,900 $245,200 21
AVG 2,959 3.94 2.43 0.91 $334,592 $325,208 90
MEDIAN 2,808 4 2 1 $319,900 $313,500 83
MAX 4,250 5 4 2 $474,900 $460,000 224

We can now break these numbers down to four averages and a list price to sales price ratio: The chart shows that Sullivan Farms Subdivision sold properties from January 1st 2011 through October 10th 2011 were listed for an average price of $334,592, with an average list price per square foot of $113.08. The average day's on market for these sold properties were 90. The average price that properties actually sold for were $325,208. With this information we can see that the properties sold for 97.20% 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 September 2011. The above charts show that there are 16 listed properties and 2 pending sales in Sullivan Farms and there were three closed sales in September. This means that as of October 10th 2011, Sullivan Farms has 6 months of inventory.

When looking back in the six month period from April 1st 2011 through September 30 th 2011, the absorption rate comes out to 4.67 residential properties a month. This adjusts our months of invertory to 3.85 months of inventory. This is a wider view of what has occured 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.

Absorbtion Rates are a reflection of how many properties that have sold and closed during a specific period of time. Months of Inventory are a reflection of a given amount of properties that are for sale at a specific point of time compared with the actual number of properties that sold and closed during a spcific period of time.

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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