His clients are delighted with this home after being recently outbid on another property. Negotiations were rapid with a binding agreement in place within five days of the first viewing and the planned closing is in 30 days’ time.

 

Mark is currently working with clients from Chicago to find their ideal home with an upcoming “road trip” in the coming week and they will be looking at homes in the Brentwood and Franklin area in the $400K to $500K range.

Homes in this price range tend to be selling well in the Williamson county area which includes a portion of Brentwood and all of Franklin.

In the month of July 2011 there were 49 closings on homes priced in the $400 to $500,000 range all in Williamson county. The average days for sale on the market before actually being sold was 87 days. The quickest sale, apart from new construction sales wich seem to show as 0 days, was actually just 18 days. This just goes to prove that if the house is priced correctly and the right buyer sees the home...it can sell very quickly.

The average list price was $457,727 and the average sales price was only a small reduction of 2.7% at $445,279

This information is useful to know so that buyers start to get a feel for the market and will help set their expectations. Of course there were homes that had much bigger spread in terms of a price reduction but in reality the price reductions were only around the 10-15K range

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Other areas of Nashville have a greater average price reduction and higher days on the market.

For more information about the state of the home sales in the Nashville area please feel free to contact us: