Franklin TN Real Estate - River Landing 2010 Market Report
River Landing's sales were very similar to those of 2009. There were 4 closings in 2009 and again in 2010. The average size of the 4 properties went up from 4536 square feet to 4816 square feet.
The average sales price per square foot decreased from $123.40/sqft to $120.69/sqft. This doesn't mean that the prices have actually decreased. As the size of the home increased, the price/sqft often decreases as the cost to build larger is often less.
A Good example is the largest home that sold in 2009 was 5496 square feet and sold for $123.73/sqft. The largest home that sold in 2010 was 5401 and sold for $124.98/sqft. This indicates that prices and sales are holding steady in the River Landing Subdivision.
River Landing Average Days on the market decreased from 171 in 2009 to 108 in 2010. A good sign that homes moved somewhat better in 2010. On the down side, 2 of the 4 sales in 2010 were short sales, up from just 1 in 2009.
River Landing Market Reports from 2010 and before.