What's My Franklin TN Home Worth?: Laurelbrooke Franklin TN Home Sales for December 2011

Laurelbrooke Franklin TN Home Sales for December 2011

Laurelbrooke Franklin TN Home Sales for December 2011 provided by Tammie White Franklin TN REALTOR®:

  • Properties currently active on the market: 14Laurelbrooke Franklin TN Homes for Sale
  • Single-family properties closed in December 2011: 2
  • Average sales price: $1,666,044
  • Average list price: $1,787,499
  • Sales price to list price ratio: 93.2%
  • Average days on the market: 17
  • Sales currently pending: 0
  • Laurelbrooke absorption rate: 7 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market).

Laurelbrooke is in a normal market. This is a surprise given the fact that sales have been sluggish at this price point the last several months.

What is even more surprising is that Laurelbrooke had a total of 21 homes sold during 2011. That may not seem like a record number of homes but with a average listing price of $1,475,723 and average days on the market of 118, that is not a terrible number of sales. However, 21 Laurelbrooke home sales are only 1.4% of the total Franklin TN homes sold during 2011.

If you are looking to buy or sell your Laurelbrooke home, contact Franklin Homes Realty LLC today at (615) 495-0752.

Tammie White, Managing Broker/Owner
CLHMS, CRS, GRI, SFR
Franklin Homes Realty LLC
Franklin, TN
(615) 495-0752 
GET REAL. GET LOCAL.
 
This posting with the content written here and photographs displayed are the intellectual property and opinions of Tammie White of Franklin Homes Realty LLC. Any party who uses this material without the written permission of Tammie White is subject to copyright infringement and possible lawsuit.
Comment balloon 1 commentTammie White, Broker • January 21 2012 11:58PM

Comments

Tammie, thanks for sharing this great report! Keep up the good work as a top Franklin TN short sale agent!

Posted by Stephanie Anson (Anson Properties LLC) over 6 years ago

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