Published January 10, 2011

Westhaven Community of Franklin TN Real Estate January 2011 Total Market Overview

Written by Joey McCloskey

Westhaven subdivision total market overview for the last six months ending December 31, 2010 pending ratio is going down to 5.1%. Months of inventory is also declined due to the increasing absorption rate. 78 homes sold in the last six months in Westhaven subdivision and median sales price of those homes with $466,412 averaging 89 days on the market. There is currently 79 single family residential properties actively for sale in the subdivision with the median price homes for sale in $529,900 and those homes have been on sale 108 days. The maximum price of a home currently for sale in Westhaven is $1,377,000 and the minimum home for sale is $299,900.

Of the active homes the current list price has only dropped on average less than 1%, however homes that sold over the past six months the list price was reduced 1.4% and an additional 1.5% negotiated out during the offer to purchase process.

If you currently own a home and need to sell in Westhaven subdivision and want see The Grumbles Team can help you. Please contact us today to schedule a confidential interview to learn how we help you sell your home for the most money in the least amount of time.