Jun 4 2013

Franklin Tn Homes Sales for April 2013

Franklin Tn Homes for sale and April 2013 market report – sales increased 27 percent in April of 2013 compared to April of 2012 with 174 homes sold compared to 137. The median prices of Franklin Tn homes sold increased 6% from $341,000 to $362,000 and the median size of homes sold remained basically the same at 2842 last year compared to 2850 this year. These are all great numbers for home sellers and should be a wake up call for buyers, because prices of Franklin Tn homes are rising fast.

174 Franklin Tn homes sold in April compared to 137 last year, an increase of 27%
the median price of homes sold in Franklin Tn increased 6% to $362,000
median days on market for homes sold was 53 days
336 Franklin Tn homes are currently pending sale
751 Franklin Tn homes are listed in the Nashville MLS as available for purchase
the absorption rate of Franklin Tn homes based on March Sales is 4 months
The median list price to sales price ratio for the month of March was 99%
the median price per square feet of sold homes in Franklin was $127

The most popular Franklin neighborhoods based on sales for March were

Westhaven with 18 sales
Fieldstone farms with 8 closings
Mckays Mill with 8 closings
Ladd Park with 7 closings
Sullivan Farms with 7 closings
Franklin Green with 6 closings

These statistics should tell everyone that Franklin real estate is in a sellers market, and prices are rising quickly. For Franklin home owners who are considering a move, now would be an excellent time to consider your options.

Search for Franklin Tn homes for sale here

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Dec 15 2012

Mortgage Payoffs

Click on the link to find out all you need to know about mortgage payoffs at closing

A payoff amount consists of four basic parts:

Principle Balance. This is the amount left owing on the loan.
Interest. This the amount of interest owed for the current period.
Per Diem. Daily interest amount.
Fees. Charges for the statement, faxes, releases, etc.

Nashville Homes Market Report November 2012

Nashville Real Estate Sales Increase 38 Percent in November 2012 – There were 2,198 home closings reported for the month of November, an increase of 38 percent from the 1,592 closings reported for the same period last year. Sales of single family homes were up 37 percent with 1815 closings compared to 1320 last year, and Nashville condo sales were up 30 percent with 238 closings compared to 182 last year. Sales of farms and land were up 61% with 121 closings.

The median residential price for a single-family home during November was $179,900, compared to $167,500 last November, an increase of 7%, and for a condominium it was $152,000, compared to $158,690, a decrease of 4%.

Inventory levels of Nashville homes declined 18% and Nashville condo inventory is down 34%, indicating that prices should continue to increase.

the median sales price for Nashville homes increase 7% in November to $179,900
the median price of Nashville condos declined 4% to $152,000
the inventory levels of Nashville homes declined 18% to 10,035 active listings
the inventory levels of Nashville condos declined 34% to 1240
the number of closings for Nashville homes increase 37% compared to November 2011 with 1815 closings compared to 1320 last year
the absorption rate for Nashville homes based on November sales and current listing is down to 5.5 months

The market for Nashville real estate continues to improve, and the inventory continues to decline, the prices are sure to increase.

Search for Nashville real estate here.

Return to Nashville homes search page

For the most-up-to-date information on Nashville current home values, then we urge you to contact us. We can assist you with all aspects of buying or selling real property in this and other neighborhoods in the Nashville Metro area. Also ask to be placed on an instant notification system when any new Nashville MLS listings come on the market or price reductions in Nashville are posted.

Benchmark realty can assist buyers in all forms of Nashville relocation needs including new construction houses, condos, townhouses, for sale by owner homes, residential lots, townhomes, lofts, and new homes in various subdivisions across the Nashville Metro region. If you are interested in foreclosure homes including pre-foreclosures, short sales, REO properties, bank owned properties and other types of foreclosure properties, then we can assist you. If you’re searching for Nashville foreclosures, then we invite you to view the listings in this or any of the Nashville popular subdivisions on our site. And if you’re searching for condos or townhomes for sale in the Nashville area, feel free to browse our updated listings of Nashville condos, townhouses, townhomes, lofts on our site.

information on this page is based on information on single family homes for sale in Nashville per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed.

Nov 15 2012

Nashville Real Estate Market Update October 2012

Nashville real estate sales Increase By 33% in October – 1917 Nashville homes sold in the month of October compared to 1446 last year. Nashville condo sales increased 40% from 188 to 264. Prices are rising also with the median prices of Nashville homes up from $162,000 last year to $175,100 this year, and increase of 8%. Nashville condo prices increased from $139,500 to $157,000, an increase of 12.5%.

Market conditions for Nashville real estate continue to improve for sellers with the inventory levels of single family homes down from 12,537 last year to 10,539 this year, a reduction of 16%. Nashville condos are even more dramatic with a 26% reduction, from 1731 last year to 1275 this year. With an increase in sales and a decrease in supply, the market will always move prices higher.

1917 Nashville homes sold in Octover, a 33% increase over the previous October
264 Nashville Condos sold in October, and increase of 40%
the median sales price of homes increased 8% to $162,000
the median sales price of condos increased 12.5% to $157,000
days on market for homes is averaging 83 days
based on October sales, the absorbtion rate for Nashville homes is 5.5 months

Nashville homes have been rapidly moving toward a sellers market, defined as less than 6 months inventory. We expect the trend to continue for a considerable length of time due to the low interest rates, and the reasonably good job market in Nashville.

Search for Nashville homes here

Search for Nashville condos here

Aug 13 2012

Mount Juliet Homes Market Report July 2012

Mount Juliet Homes Market Report July 2012 - Homes are moving quickly this summer in Mount Juliet and for the month of July 106 homes sold, with another 208 currently pending sale. With only 458 Mount Juliet homes listed in the Nashville MLS as available for purchase, it means that buyers are sometimes seeing multiple offer situations with the prices starting to rise. The list price to sales price ratio of 98% shows that the market has reversed course, and now we are seeing a shortage of supply as the demand increases.

106 Mount Juliet homes sold in the month of July compared to 97 last year
the average price of homes sold was $227,242
days on market for homes sold is down to 84 days
208 Mount Juliet homes are pending sale
458 Mount Juliet homes are listed in the Nashville MLS as available for purchase
the absorption rate based on July sales is now 4 months

Mount Juliet is located on the east side of Nashville in Wilson county and is an easy commute along I-40 to downtown Nashville or the Nashville international airport. Prices in Mount Juliet are expected to rise in the next 12 months

search for Mount Juliet homes here

Aug 12 2012

Spring Hill Tn Homes Market Report July 2012

Spring Hill Tn Homes Market Report July 2012 - for anyone who’s been watching my posts, this should be no surprise that prices on Spring Hill homes are increasing. The average price of homes sold in July was $246,815 compared to $222,294 last year, an increase of 11%. If you want to know why, this next statistic will tell you. 48 Spring Hill homes sold during the month with another 92 homes pending sale. With only 221 homes for sale in Spring Hill, that leaves us with only a 4.6 months absorption rate, and the inventory levels have been shrinking all year. Supply and demand are the driving forces for prices, and right now the demand is eating into the supply at a rapid pace driving prices higher.

48 Spring Hill homes sold in July
the average sales price was $246,815
average days on market is down to 86
92 Spring Hill Tn homes are currently pending sale
221 Spring Hill Tn homes are listed in the Nashville MLS as available for purchase

Spring Hill Tn is located approximated 30 miles south of Nashville and 10 miles south of Franklin. The major attractions to Spring Hill are the fantastic Williamson county schools, low taxes, a very low crime rate, and a great quality of life. Search for Spring Hill Tn homes here

Aug 10 2012

Williamson County Schools Rankings

Test Scores for Williamson County Schools

Williamson County Schools are again the top schools in Tennessee, and the top elementary schools in the Nashville area once again are in Brentwood followed closely by Franklin schools. I’ve combined the TCAP scores for each area of testing Math/Reading/Science/social studies, and created a spread sheet for easy comparison. You can visit the Tennessee Department of education for information on schools not in the list.
http://edu.reportcard.state.tn.us/pls/apex/f?p=200:30:4088028706987393::NO
:::

Elementary school and middle schools use tcap scores, high schools use act scores. These are from the 2010 school year. Click on the school to see homes currently zoned for that school.

Elementary schools

Scales 294
Crockett 287
Lipscomb 280
Sunset 279
Edmondson 277
Kenrose 273
Walnut Grove 272
Oakview 271
Winstead 271
Hunters Bend 265
Grassland 264
Poplar Grove 255
Moore 259
Trinity 254
Nolensville 252
Liberty 245
Heritage 243
Chapmans 242
Bethesda 236
Longview 228
Westwood 222
Fairview 221
Johnson 220
Franklin 217

Rutland in Mt Juliet currently servicing Providence is 216

Williamson county average is 257

State average is 198

Davidson county average (Nashville) 172

As you can see, the scoring average for Williamson county elementary schools is much higher than the state average and fairly trounces Nashville schools. How big is the difference? If it were a report card grade it’s the difference between an “A” and a “D”.

If schools matter to you, decide that before you start looking for homes, your childs future depends on it.

Here are the Williamson county middle school scores.

Brentwood 290
Woodland 272
Poplar Grove 264
Grassland 260
Heritage 244
Sunset 244
Freedom 239
Fairview 238

West Wilson Middle in Mt Juliet servicing Providence is 203

I don’t have averages by state and county for Middle Schools, but you can expect the same comparisons as the elementary schools

Williamson county high schools are scored by the ACT tests

Brentwood 25.3
Ravenwood 24.2
Franklin 22.9
Fred Page 22.1
Independence 21.7
Centennial 21.6
Fairview 19.5
Middle College 18.8

Wilson county high in Mt Juliet servicing Providence is 20.2

The average for Williamson county high schools is 22.6

The average for Davidson county (Nashville) is 18

The state average is 19.6

Rutherford county average 19.8

Wilson county average 19.8

Williamson County Schools average over 20 percent better test scores than their neighbors to the north in Davidson county, and 10 percent better than Rutherford county and Wilson county. Within Williamson county the two Brentwood high schools are another 10 percent better even than the Franklin and Spring Hill schools, and a full 30 percent better than Davidson county schools and 20 percent better than the state average. If you don’t think 20 percent matters, then don’t complain when your child gets an average score on their report card.

If you would like to send your child to the best schools in middle Tennessee, give me a call, or use my search buttons to find a home in Brentwood or Franklin.

Aug 8 2012

Forrest Crossing Homes Market Report July 2012

Forrest Crossing Homes Market Report July 2012 – Forrest Crossing has been very active this summer with 7 closings in the month compared to just 2 closings last year. The average price of homes sold is now $335,042 compared to the average of $272,146 for all of 2011.

7 Forrest Crossing homes sold in July
the average size of homes sold was 3335 square feet
days on market is down to 61
1 Forrest Crossing homes is currently pending sale
15 Forrest Crossing homes are listed in the Nashville MLS
the absorption rate based on July sales is 2 months

Forrest Crossing is located in Franklin Tn on the south side along the Harpeth River and bordering Forrest Crossing golf course. It gets it’s name from confederate General Nathan Bedford Forrest, one of the main participants in the Battle of Franklin.

Search for Forrest Crossing homes here

Aug 6 2012

Franklin Homes Sales Increase 32 Percent in July

Franklin Homes Sales Increase 32 Percent in July – Yes the number of sales increased from 157 closings last July to 207 this year, bringing the absorption rate down to 4 months. The average and median prices also showed some very impressive gains. If you want to buy a Franklin Tn home, it’s starting to get more expensive every day. For sellers who have been patiently waiting, It’s all good news.

Franklin Tn Homes prices increased on average 13% compared to last July
the median price of homes increased 9% compared to last year
the average size of homes sold increase 3.1%
days on market is down to 80 days for homes sold
214 Franklin Tn homes are pending sale
849 Franklin homes are listed in the Nashville MLS as available for purchase
the absorption rate for Franklin tn homes based on July sales is 4 months

Franklin Tn is located on the south side of Nashville and is known for great schools, low taxes, and a great quality of life. Search for Franklin Tn homes here

Return to Nashville homes search page

For the most-up-to-date information on Franklin current home values, then we urge you to contact us. We can assist you with all aspects of buying or selling real property in this and other neighborhoods in the Nashville Metro area. Also ask to be placed on an instant notification system when any new Franklin MLS listings come on the market or price reductions in Franklin are posted.

Benchmark realty can assist buyers in all forms of Nashville relocation needs including new construction houses, condos, townhouses, for sale by owner homes, residential lots, townhomes, lofts, and new homes in various subdivisions across the Nashville Metro region. If you are interested in foreclosure homes including short sales, REO properties, bank owned properties and other types of foreclosure properties, then we can assist you. If you’re searching for Nashville foreclosures in Franklin or neighboring communities, then we invite you to view the listings in this or any of the Nashville popular subdivisions on our site. And if you’re searching for condos or townhomes for sale in the Nashville area, feel free to browse our updated listings of Nashville condos, townhouses, townhomes, lofts on our site.

information on this page is based on information on single family homes for sale in Franklin per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed.

Jul 25 2012

Bellevue Homes Sales June 2012

Bellevue Homes Market Report for June 2012 shows the trend of increasing sales and stable prices for Bellevue homes, with 48 closings for the month, compared to only 41 last year, an increase of 17% percent. With 45 Bellevue homes currently pending, and only 199 properties available, you can expect the rest of the year to be good for sellers and buyers will have to compete to get the better homes.

48 Bellevue homes sold for the month of February 2012 compared to 41 last, and increase of 17 percent
the average sales price of Bellevue homes was $225,912
average days on market was down to 103 days
the average size of Bellevue homes sold in June was 2434 square feet
the list price to sales price ratio was 97%

Based on the increases in price and the list price to sales price ration of 97%, and the absorption rate coming down to 4 months, you can expect prices to continue in increase. Bellevue is following the other popular areas of Nashville in coming back to a sellers market.

Search for Bellevue homes here

For the most-up-to-date information on Bellevue current home values, then we urge you to contact us. We can assist you with all aspects of buying or selling real property in this and other neighborhoods in the Nashville Metro area. Also ask to be placed on an instant notification system when any new Bellevue MLS listings come on the market or price reductions in Bellevue are posted.

Benchmark realty can assist buyers in all forms of Nashville relocation needs including new construction houses, condos, townhouses, for sale by owner homes, residential lots, townhomes, lofts, and new homes in various subdivisions across the Nashville Metro region. If you are interested in foreclosure homes including pre-foreclosures, short sales, REO properties, bank owned properties and other types of foreclosure properties, then we can assist you. If you’re searching for Nashville foreclosures in Bellevue or neighboring communities, then we invite you to view the listings in this or any of the Nashville popular subdivisions on our site. And if you’re searching for condos or townhomes for sale in the Nashville area, feel free to browse our updated listings of Nashville condos, townhouses, townhomes, lofts on our site.

information on this page is based on information on single family homes for sale in Bellevue subdivision in Nashville per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed.

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