July 28, 2017

Franklin June 2017 sales show 5.6% appreciation

PrintHello again!  Here are updated sales statistics for Franklin real estate in June 2017:

  • Sales of Single family residences in Franklin were slightly down to 238 in June (vs. 248 in June 2016 and 260 in June 2015).
  • The average home sold was 3,088 sq ft (vs. 3,250 sq ft  in 2016 and 3,306 in June 2015).
  • Average sales price was $556,636 in 2017 up from $554,857 in 2016 and $523,706 in 2015 (a fractional 0.3% year over year increase).
  • Adjusting to a square foot basis sales prices increased 5.6% to $180.26 from $170.73 per sq ft in 2016 and $158.41 in 2015.
  • Appreciation over the last 3 months comes in at 3.2%.
  • 63 of these 238 sales (26.5%) were new construction (vs. 7.7% in 2016)

Can I ask for some feedback from you please?  Would you like to see the data I’ve collected displayed in graph form so that you can see trends?  Maybe one graph a month, maybe more?   Add you comments below.

This month’s analysis: Home sales in Franklin continue to push forward but over the last few months, considering all the stats together, there appears to be a noticeable slow-down in the overall strength of the forward push.  Let me be clear we are still moving forward, just the pace of that forward motion has calmed – which it probably needed to!  I know a lot of you reach out to me asking if there’s a bubble that’s about to burst and I don’t think this is the case.  It will be interesting to see if this trend continues over the coming months….

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 the Franklin real estate guru.

I always welcome your feedback, you can call me (615 579-7909), email or like my Facebook page to be kept up with future blog entries and Franklin coming soon real estate listings.

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Posted by Simon

Simon Hartland has been selling real estate in Franklin and surrounds since 2000. Don't let his silly accent fool you into thinking he's not more local than you are!

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