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Fieldstone Farms, Franklin TN Market Report

August 24, 2010

Here is a look back on the Fieldstone Farms Housing Market to view trends.

Below are graphs depicting the activity in Fieldstone Farms neighborhood for the past 6 months.  (February through July).   These numbers are pulled from ALL listings in Fieldstone.  If you are interested in the specifics for a particular section, square footage or price range, contact me.

The average number of homes on the market during this time period was 58, with the high month being April.  This is not surprising, with the expiration of the Tax Credit having occured on April 30.  Fieldstone averaged approximately 9 homes per month in closings, with approximately the same number of pending sales per month.  June reflected the highest number of closings, with 17.

1 month 6 months
Jun 10 Jul 10 % Change Feb 10 Jul 10 % Change
For Sale 56 50 -10.7% 50 50 0%
Sold 17 9 -47.1% 4 9 125%
Pended 13 11 -15.4% 5 11 120%

From February to July, the average price per square foot was highest in April, with the lowest occuring in February.  Price per square foot as an average is not the only factor when pricing a home.  Statistically, smaller homes are sold at a higher price per square foot than larger homes.

1 month 6 months
Jun 10 Jul 10 % Change Feb 10 Jul 10 % Change
Avg. Sq. Ft. Price 122 111 -9% 106 111 3.9%

The Average days on the market, is not the amount of time it will take to sell a particular home.  However, it is helpful as a trend to see what the local Fieldstone Farms market is doing.  On average, from February to July, Fieldstone Farms homes have sold anywhere from 92% to 98% of the original listing price.

1 month 6 months
Jun 10 Jul 10 % Change Feb 10 Jul 10 % Change
Days on Market 77 121 57.1% 80 121 51.3%
Sold/Orig LP Diff. % 95 92 -3.2% 92 92 0%

All reports are published August 2010, based on data available at the end of July 2010. All reports presented are based on data supplied by the MTRMLS. MTRMLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the MTRMLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

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