Founders Pointe Fall 2011 Market Report
Founders Pointe is one of the most consistently selling neighborhoods in the Middle Tennessee area. The numbers below show a big increase in the Third Quarter of 2011, but the year to date numbers are very consistent with those of 2010 in the same time period. There were 19 sales between January and October of 2011 compared to 18 in 2010.
|# of Homes Sold||5||8||60%|
|Average list Price||$331,910||$313,465||-6%|
|Average Sales Price||$320,180||$303,350||-5%|
|Days on the Market||67||56||-16%|
Prices are down somewhat but properties are not staying on the market long.
Founders Pointe currently has only 2 homes active for sale. If you look at just this past quarter, it's less than a months supply!
There is one interesting note on the active listings. The average Sales Price per square foot was $112 in 2010 and $108 in 2011. The average asking prices of the 2 remaining listings is $116.
Founders Pointe is a popular neighborhood, but homes still have to be priced correctly for them to sell.
If you're considering a move, or just an upgrade in Founders Pointe, now would be a great time to get your home ready for market!