River Landing Franklin TN Real Estate - 1st Quarter 2009 Market Report
River Landing had 10 closings in 2008. There were 3 in May, 3 in June, 3 in August and one in December. There have been no Closings thus far and there are no Pending sales. There are currently 6 homes on the market which equals a 7 month supply.
In 2008 the closed homes had an average asking price of $151.50/sqft and sales price of $144/sqft. The active properties asking price this year is $143.50. Slightly below the sales price of last year and down 5%.
All signs indicate that the market in Middle Tennessee is starting to pick up. First time homebuyers are taking advantage of the $8000 tax credit incentive and are making offers on homes. Real Estate is a trickle up business. That means that as the lower priced homes sell, those moving up will begin to purchase homes in the $200,000-$300,000 price range. Those sellers will then be looking up themselves.
River Landing 2008 Market Report
Franklin TN Real Estate - 2009 First Quarter Market Report
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Connie Harvey, CRS - Realtor with Prudential Woodmont Realty Group
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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Connie,
You do a fabulous market report--you're clearly the expert in River Landing Franklin TN girl!
Debe, this is really one of my favorite neighborhoods!