Nashville Tennessee Living

Franklin TN Real Estate - Founders Pointe 2010 Second Quarter Market Report

Founders Pointe consistantly out performs other neighborhoods in Franklin and Middle Tennessee. The Franklin/Brentwood area saw sales increase of almost 30% over the same time in 2009. Founders Pointe sales are up 260% over the same period.

With 5 Active and one Pending there is just a 2.5 month supply of homes for sale. Compare this to the 7.5 months supply that exists almost everywhere else and it's almost considered a shortage. We've been celebrating that inventory has finally being reduced in most areas! But it is still a Buyers Market. Prices here have also fallen less than in many of the Middle Tennessee neighborhoods.

Founders Pointe sits on the west side of Franklin but is just minutes to all the fun activities that Franklin has to offer. It has it's own swimming pool and mini-parks with play areas scattered through the neighborhood. Will sidewalks on all the streets this kids are safe to play outside.

Homes in this neighborhood are mostly priced between $250,000 and $350,000 and have between 2000 square feet and 3200 sqft. The average home is usually 4 bedrooms with 2 full and 1 half bath at about 2600 to 2800 square feet.

Founders Pointe 2009 Market Report

Franklin TN Real Estate - Founders Pointe 2010 Spring Market Report

Founders Pointe always has numbers unlike other neighborhoods in Middle Tennessee. It's a popular neighborhood and the homes sell well year after year. In 2008 when I did a market report there were absolutely no expired or withdrawn for the entire year. That means that everyone who put their home on the market sold it! That's remarkable!

Sales haven't changed much either from 2009 to 2010 for the first quarter. Prices are just down 2%.

The number of homes currently under contract leads us to believe that Second Quarter Sales will probably be up. There are currently 6 properties for sale and 2 pending. Of the 6 for sale, 3 have contingencies on them. The average asking price is $299,508 which would appear to be down. But on closer examination, you see that size is just 2530 square feet compared to 2856 for those closed. 

Inventory is low in Founders Pointe. Even though there is, in general, a 15 month supply of homes in Franklin, now would be a great time to be listed in Founders Pointe. The pool will open soon and people love to be able to use it in the summer!

Franklin TN Real Estate on the other had shows a decrease in sales price of 11% even though the number of sales went up first quarter from 173 in 2009 to 212 in 2010. That's an  increase of 18%! There are currently 1087 homes for sale in Franklin. There are 178 properties pending. Of those, 100, or 56%, are new construction.

Franklin TN Real Estate - Founders Pointe 2009 Market Report

Founders Pointe is one of the few subdivisions that continues to not follow the trends here in Middle Tennessee. Last year we posted that their 2008 sales were strong and that EVERY home that was listed in 2008 SOLD. There were no expired or withdrawn listings. That's amazing for a neighborhood that size.

Here we've charted 2007, 2008 and 2009 so you can see how prices and sales have changed over the last couple of years.

Prices were up in 2008, where they were already declining in most areas, and down in 2009 but not an earth shattering amount. The number of sales going down is a truer reflection of the general market but we're expecting that to go back up in 2010.

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Connie Harveyis a Full Time agent with Prudential Woodmont Realty, serving home buyers and sellers in Nashville, TN, Brentwood TN, and Franklin TN. Let her help you realize your Real Estate goals.

Connie can be reached at 615-661-7800 x 1300 or at HarveyC@realtracs.

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Franklin TN Real Estate - Founders Pointe Fall 2009 Market Report

Sales in Founders Pointe are down dramatically over last year. In 2008 19 homes sold in the first 9 months. In 2009 just 10. The good news in this is that prices have held well and in 2008 there were NO expired or withdrawn properties. That means that everyone who put there house on the market sold it. Could it be that with the current economy that the homeowners in Founders Pointe are just more content to stay put?

Founders Pointe has always been a popular neighborhood. Parents like the schools it's zone for and there is the incredible Franklin Sports park just across the street. With sidewalks throughout, small playgrounds scattered in the neighborhood and a beautiful pool, what more can you ask for?

The Market for Franklin TN Real Estate in general is just not as bad as far as the number of sales is concerned. It's down 25%, where the Nashville sales ch are down 30%. The overall sales prices in Franklin are down just 4% over 2008 and Days on the market are up 25%.

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This report is offered by Connie Harvey, Realtor with Prudential Woodmont Realty Group in Brentwood TN. Connie serves Buyers and Sellers of homes in Franklin TN, Nashville TN and Brentwood Tennessee. She can be reached at 615-661-7800 x 1300 or via email at HarveyC@Realtracs.com.

Follow her Blog Nashville Tennessee Living

Franklin TN Real Estate, Spring 2009 Market Trends for Founders Pointe Subdivision

One always feels welcome as they enter the Founders Pointe Subdivision. Located off 96West the homeowners enjoy their peaceful surroundings. The Market Report for Founders Pointe in 2008 showed that sales had stayed strong and that prices had actually gone UP!

The Market Report for the Spring of 2009 is not quite as rosey. Sales are down over 50% but prices are only down 5%. Considering that the market in so many other areas is down more than 10% in price, 5% seems nominal.

The $8000 First time home Buyer Tax Credit has caused a lot of activity in the homes priced near $200,000 and below. As these homes sell, the next step up will be neighborhoods like Founders Pointe. Activity should continue to pick up through the end of 2009.

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Connie Harvey helps Buyers and Sellers with their Nashville TN Real Estate needs.
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Contact Connie at 615-661-7800 x 1300 or via email HarveyC@realtracs.com .

Founders Pointe Market information.

Founders Pointe, Franklin TN Real Estate, First Quarter 2009 Market Report

Founders Pointe continues to buck the Real Estate trends in Middle Tennessee. 22 homes sold in this neighborhood last year, but NONE closed in the first 3 months. Then, in the second quarter, 12 properties closed (more that half of the years sales).

So far this this year, there have been 3 closings. The average sales price was $321,666, up 1% over last year. There is already one Pending and there are only 6 active listings, which is exactly where you would want to be at this point - a 2 month supply.

Compare this activity to other neighborhoods like Chestnut Bend where there were no closings the first 6 months of last year, already 3 this year and 4 pending, but the prices are down 1.5%. Over all changes in Franklin in general are closings are down 25% and prices are down 3%. Follow the link below for a more detailed Franklin Market Report.

First time home buyers are starting to take advantage of the $8,000 tax credit incentive. Showing activity has picked up and people are writing offers. Those selling their homes will need to purchase and this is all good news for neighborhoods like Founders Pointe.  

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Franklin TN Real Estate - First Quarter 2009 Market Report

For more information about this neighborhood or Real Estate in general. Feel free to contact me at HarveyC@realtracs.com or 615-661-7800 x 1300.

Founders Point Sales of Homes in Franklin TN - Market trends for 2008

Sales of Homes in Founders Pointe were down 10% in 2008 over 2007 sales. The average sales price was up about 2%, but the Days on the Market were up over 60 days. The numbers are as follows:

Number of Homes sold in 2007 : 22

Number of Homes sold in 2008 : 20

Average Days on the market in 2007: 49

Average Days on the market in 2008: 63

Average Sales Price 2007: $312,548

Average Sales Price 2008: $318,725

Founders Pointe has mostly bucked the trend in Middle Tn. Most prices have gone down between 5% and 15%. Also when researching the days on the market, many homes were listed multible times before selling. You find this in the Expired and Withdrawn sections of the report. Oddly enough, there were NO expired listings for the entire year and only 3 of the sold had been withdrawn and relisted. If you're looking for homes in Franklin TN, Founders Pointe is a great neighborhood to consider. It's convenient to downtown Franklin, it is an easy neighborhood to walk in and has numerous playgrounds and a wonderful pool area.

Franklin TN Real Estate Market Report

Brentwood TN Real Estate Market Report

Nashville  TN Real Estate Market Report

Connie Harvey, specializes in homes for sale in Franklin TN, Brentwood TN and Nashville TN. Contact me at 888-798-7800 x 1300 or harveyc@realtracs.com . Search for homes in Franklin TN at www.ConnieHarvey.com