Franklin TN Real Estate - Founders Pointe 2011 Spring Market Report

By
Real Estate Agent with Pilkerton Realtors

Franklin TN Real Estate - Founders Pointe  2011 Spring Market Report

Founders Pointe

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.

 

Homes Sold Avg List Price Avg Sales Price Days on Market
2010 3 $329,249 $315,166 62
2011 2 $351,950 $349,400 26
% Change -31% 5% 10% -58%

 

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 tFranklin Tennesseeo 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 Franklin Tennesseedowntown 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!

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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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