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Franklin TN Real Estate - Founders Pointe 2011 Market Report

Franklin TN Real Estate

Founders Pointe 2011  Market Report

Founders Pointe

It's always a pleasure doing a market report on Founders Pointe. It seems like the numbers always look better here than anywhere else in Middle Tennessee!

 

  2010 2011 Percent Change
# of Homes Sold 20 20 0%
Average list Price $315,135 $322,271 2%
Average Sales Price $302,695 $314,070 4%
Days on the Market 74 59 -20%

 

Prices are up 4% and days on the market are down 20%. Two great things Sellers like to hear! There are currently on 3 homes for sale in Founders Pointe. That is less than a 2 month supply.

A 6 month supply of homes is considered a balanced market. Less that that Founders Pointewould indicate a Sellers market. More that that is a Buyers market. There is currently a 10 month supply of homes in Middle Tennessee.

If you're seriously thinking of selling your home in Founders Pointe, now would be the time to do it.

Founders Pointe is located just off Highway 96 on the West side of Franklin. It is convenient to downtown Franklin and to the new Harris Teeter at Westhaven. There are walking trails though the neighborhood connecting play areas and the community pool.

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Connie Harveyis a local agent with Pilkerton Realtors, serving home buyers and sellers in Nashville, TN, Brentwood TN, and Franklin TN. Let her help you realize your Real Estate goals. She can be reached at 615-371-2474.


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Franklin TN Real Estate - Founders Pointe Fall 2011 Market Report

Franklin TN Real Estate

Founders Pointe Fall 2011 Market Report

Founders Pointe

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.

 

  2010 2011 Percent Change
# 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!

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Connie Harveyis a local agent with Pilkerton Realtors, serving home buyers and sellers in Nashville, TN, Brentwood TN, and Franklin TN. Let her help you realize your Real Estate goals. She can be reached at 615-371-2474.


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Franklin TN Real Estate - Chestnut Bend 3rd Quarter 2011 Market Report

Franklin TN Real Estate 

Chestnut Bend  3rd Quarter 2011  Market Report

Chestnut Bend

Sales have been steady in Chestnut Bend this year compared to 2010. In just the third quarter, there were 2 sales in 2010 and 3 in 2011. Spread out over the year to date months they have remained the same.

 

  2010 2011 Percent Change
# of Homes Sold 6 6 0%
Average list Price $453,450 $433,049 -4%
Average Sales Price $429,166 $419,650 -2%
Days on the Market 54 105 95%

The Average List and Sale prices are down a bit, but the Sales Price per Square Foot is actually up 1 1/2%! This is good news in our economy!

Chestnut Bend currently has 4 homes on the market as active. One of these shows an Inspection Contingency. With 3 homes available, there is approximately a 4 1/2 month supply of inventory. Going into the holidays, this is a stable number of properties available.

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Connie Harveyis a local agent with Pilkerton Realtors, serving home buyers and sellers in Nashville, TN, Brentwood TN, and Franklin TN. Let her help you realize your Real Estate goals. She can be reached at 615-371-2474.


Search for Homes in Nashville TN

Search for Homes in Brentwood TN