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Founders Pointe 2011  Market Report

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!

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 would 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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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.

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!

Franklin TN Real Estate 
Founders Pointe  2011  Market Report

Founders Pointe continues to beat the Middle Tennessee findings of lower sales and lower prices. The following chart shows that inventory is low and the neighborhood market is active. With school just around the corner, more and more families will be anxious to get into the neighborhood before school starts.

The months of inventory in this report do not reflect the 2 active listings that have contingent contracts on them or the 2 pending sales. It is likely that next months report will show even less inventory.

If you compare Founders Pointe numbers to the Franklin TN sales, you'll see a remarkable difference. There is a 6.9 month supply based on the past 3 months sales and a 9 month supply if you're looking at the 6 and 12 month sales.

The Franklin TN Real Estate also shows lower inventory that the general Middle Tennessee Real Estate market that makes up Nashville and the surrounding counties. Inventory in Middle TN is between 9 and 11 months.

If you live in Founders Pointe and are thinking of selling, this is definitely the time to get your home ready and on the market.

Franklin TN Real Estate - Founders Pointe  2011 Spring Market Report

Sales and Prices are holding steady, as always, in Founders Pointe. Though the closings went from 3 to 2 in the First quarter of 2010 and 2011 respectively, that could be due to any number of things. At the time of the calculation, there was One pending and that could have been the sale to balance the difference.

In Founders Pointe, the remarkable part is that, though the prices appear to have Gone Up, the Sales Price per Square Foot, barely moved! The average SPQF went from $110.35 to $110.53 up less than a tenth of a percent! We all still remember the times when the prices continued to go up and up and up. That is not our current reality.

We are still seeing falling prices in many communities in the Nashville Metropolitan area. They are falling much slower but Real Estate, in general, has yet to stabilize.

In Franklin, Sales are up almost 16% in the first quarter of 2011 over the same time period of 2010. Closings averaged 89/month. With the Active inventory at 1062 properties, that leaves a 12 month supply on the market. There are currently 158 pendings so hopefully this spring market with great rates will clear some of that out.

Franklin TN is one of the most popular subburbs in middle Tennessee.

The downtown area offers great restaurants, upscale shopping and one-of-a-kind boutiques. Rarely a month goes by and there isn't some festivity happening downtown. With free parking it's a great place to hang out.

The weekend Farmer's market at the Factory is always full of great food and music!

It's no wonder sales are up in Franklin TN!

Franklin TN Real Estate - Founders Pointe 2010 Market Report

Sales in Founders Pointe have always followed the beat of a different drummer! Sales in Franklin TN increased 20% from 2009 to 2010 where Nashville sales were down 9%.

Founders Pointe's numbers were up a whopping 82%. You just can't tell us that this isn't a well loved neighborhood!

Prices corrected a bit but not as much as in other areas.

See prior Founders Pointe Market Reports

Be sure and join the Founders Pointe Community page on Facebook!

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.

Follow her Blog: Nashville Tennessee Living

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.