July 9, 2015
Franklin House Prices Q2 2015
The first half of 2015 is now behind us (how many days until Christmas?) and the Franklin real estate market continues to be pretty hot. To the right I’ve updated my fancy chart (click to enlarge) to show you the average sales price per square foot numbers for each of the last 10 quarters. Q1 2015 was a record breaker with that benchmark hitting $158.96 as people scrambled to get homes under contract – Franklin home sales climbed by 13.95% from Q1 2014 to Q1 2014.
The average sales price stabilized in Q2 with 621 closed sales averaging $158.33 per square foot – those 621 sales representing a 5.8% increase over the same quarter in 2014. The average sales price of a home in Franklin was $509,402.
Any Franklin TN Realtor will tell you anecdotally that our market is hot, we’ve been a busy bunch this summer trailing around between the few available homes trying to find the right places for our clients. By concentrating my business in Franklin I’m uniquely positioned to share my knowledge with you if you’re shopping for a home in Franklin.
I can always be reached via text or voice at 615 579-7909.
“The Franklin Real Estate Guru”