May 12, 2016
Franklin April 2016 sales show 11.4% appreciation
- Sales of Single family residences in Franklin were slightly down to 170 in April 2016 (vs. 174 in April 2015).
- The average home sold was 3,252 sq ft (vs. 3,140 in April 2015).
- Average sales price was $560,219 in 2016, up from $485,555 in 2015 (a 15.4% year over year increase)
- Adjusting to a square foot basis sales prices increased 11.4% to $172.27 per sq ft from $154.64 in 2015.
Adjusting sales for size is critical to really understanding our market. Average sales prices “appeared” to have bumped over 15% by one measure but the difference in home size was significant enough between 2015 and 2016 that when you adjust accordingly, the numbers tell a somewhat different but still strong story!
If you’d like information on homes that is accurate and up to date visit my website SimonHartland.com. Just like those other websites you can create a profile and save your favorite listings there and feel good that you are getting the RIGHT information from a Franklin real estate expert.