April 15, 2016

Franklin March 2016 sales show 7.1% appreciation

PrintMarch 2016 has passed us by and monthly Franklin sales stats are here!  Home sales in the Franklin, TN real estate market came is as follows:

  • Sales of Single family residences in Franklin were up to 186 in March 2016 (vs. 169 in March 2015).
  • The average home sold was 3,116 sq ft (vs. 3,290 in March 2015).
  • Average sales price was $524,427 in 2016, up from $517,083 in 2015 (a 1.4% year over year increase)
  • Adjusting to a square foot basis sales prices increased 7.1% to $168.30 per sq ft from $157.17 in 2015.

Adjusting sales for size is critical to really understanding our market.  Average sales prices “appeared” to have bumped very little (just 1.4%) by one measure but the difference in home size was significant enough between 2015 and 2016 that when you adjust accordingly, the numbers suggest real appreciation was 7.1% year over year.

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.

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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