River Landing Franklin TN Real Estate - Spring 2009 Market Report
In River Landing, like many of the upscale neighborhoods in Franklin TN, home sales are down. In 2008 11 homes sold in the first half of the year. Below, you will see that there has been One closing and there is One pending for the same time period.
| Address | Yr Blt | Sq Ft | List Price | SP/SF | Sales Price | DOM |
| 214 WINBURN LANE | 2000 | 4,119 | $599,900 | $142.02 | $585,000 | 76 |
| 640 AYLESFORD LN | 2004 | 4,489 | $629,900 | $131.43 | $590,000 | 87 |
| 604 AYLESFORD LN | 2002 | 4,120 | $649,900 | $148.06 | $610,000 | 25 |
| 1415 MENTELLE DR | 2003 | 4,797 | $699,900 | $141.23 | $677,500 | 23 |
| 259 Gillette Drive | 2002 | 4,368 | $719,900 | $160.23 | $699,900 | 18 |
| 801 Highgrove Circle | 2004 | 4,094 | $734,900 | $168.54 | $690,000 | 96 |
| 812 HIGHGROVE CIR | 2003 | 5,441 | $749,900 | $122.12 | $664,450 | 125 |
| 1408 MENTELLE DR | 2003 | 4,797 | $749,900 | $154.26 | $740,000 | 112 |
| 1209 KILRUSH DR | 2001 | 5,448 | $784,500 | $135.65 | $739,000 | 84 |
| 249 GILLETTE DR | 2002 | 5,549 | $835,000 | $147.32 | $817,500 | 24 |
| AVERAGE | 2002 | 4,722 | $715,370 | $144.29 | $681,335 | 67 |
The Closing that has occured was one of the smaller homes in the neighborhood. The sales price was down 12% from the average of 2008. As of today, we do not know what the sales price of the pending sale is, but the asking price is 30% below the same average.
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There are 7 homes on the market with an average asking price of $146/square foot. I don't think the Sellers or their Realtors have looked at the comparables lately. It doesn't matter if the market is up or down some things in Real Estate don't change. It takes 5 things to sell a home: Location, Price, terms, Condition and Marketing. If you have location, price and condition you can get by without the others. But you can NEVER have one of these without the other two.
Franklin TN Real Estate - Market Report for River Landing Subdivision 2008
Franklin TN Real Estate Spring 2009 Market Report
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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 .
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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