Franklin, TN

October in Franklin. The air is getting crisp. The leaves are changing. And, there's tons of things to do in Historic Franklin - including Pumpkinfest, the Ghosts & Gore Tour and many, many other events throughout Franklin.

As of October 31, 2009, there were:

• 983 active listings ranging in price from $80,000 - $38,000,000 (down from 1073 listings!);
  
• 41 contracts went pending ranging from $119,900 - $1,299,500;
  
• 102 closings ranging from $107,500 - $1,644,000 (up from 82 closings!!!)

Months Supply of Homes on Market = 10.04 (down from 13!)

Franklin did very well in October. The supply of homes dropped from over 13 months to just 10 months when over 200 listings went off the market. Only 102 sold, so that means over 100 people have taken their homes off the market. Whether that is good or bad is up to the seller's still on the market - you have 100 less people to compete with, but if you aren't in that top percentage, you're still looking at almost a year!

So far, to date, 12 of the pending listings have sold giving November a good start! Keep in mind, though, as we head into the holidays, real estate sales tend to slow down.

October in Leipers Fork. The leaves are changing. The weather is starting to get crisp. People are out and about enjoying our local Farmers Market, attending our annual Chili Fest, or just browsing through the antique shops, new antique book museum or the new candy shop. Yum!

For the period of October 1 - October 30, 2009, there were:

• 66 active listings ranging in price from $127,000 - $6,500,000;
  
• 2 contracts went pending ranging from $795,000 - $1,299,500;
  
• 2 homes closed ranging from $175,365 - $349,000.

Months Supply of Homes on Market = 33

As we head into the holidays, real estate sales tend to slow a bit. However, December also tends to bring in relocations.

However, with an almost 3 year supply of homes on the market, it should be obvious to sellers...

If you want to sell your home in Leipers Fork, you need to PRICE IT TO SELL. We are no longer in a market where you can hold firm to your (over-)pricing. We haven't been for a couple of years now. If you don't want to (or can't afford to) sell it for less than what you are asking, then you need to pull it off the market and wait until the market turns around. There, I said it. It is what it is.

I realize the above statement was HARSH. Really harsh. But, unfortunately, many sellers have the mistaken ideal that their home will sell for what they are asking despite all evidence pointing to the contrary. They think some silly buyer will come along and ignore market value and give them what they are asking. Even if they are lucky enough to find this buyer, the BANK that loans the money for the house isn't going to loan them more money than what the house is worth.

As a top Leipers Fork Realtor, I can only recommend prices to my prospective clients and back it up with all kinds of data. It's up to them to set the price. That being said, you won't see me with a lot of listings right now. Why? Simple, I won't take an over-priced listing. I'm in the business of SELLING homes, not LISTING them. It doesn't do anyone any good to have 30 homes listed that won't sell. It sets up unfulfillable expectations and leaves sellers devestated when those expectations are stomped on by reality.

The Westhaven Holiday Home Tour is back on!!!!!! Not only is it back- but this year is going to be filled with even more ‘tis the Season' fun. Westhaven will be hosting some of Franklin's most awe-inspiring designers garnish neighborhood homes to help us raise money for a very special cause, Casa of Williamson County. A portion of the proceeds raised will also benefit the Westhaven Foundation.

This year Westhaven will be offering many of the decorations for sale- but in addition, Westhaven will also have a Holiday Market, a Christmas Tree Auction from local sponsors, Caroling, Coffee and Desserts, and even a Southern Style Sleigh Ride! Friday night will be an extra special occasion with Wine, Hors d'oeuvres, an Individual Santa Sack of Gifts, and...... first chance at some of the goods! Remember tickets are a donation and can be considered tax deductible. Be sure to bring your family to join in the festivities at Westhaven this year while helping Casa of Williamson County during this Christmas season- you don't want to miss it!

For More info on Westhaven, go to WesthavenTN.LisaAlyn.com

Franklin Tn - Downtown Franklin, where the homes are historic, and the trees line the sidewalks, this is a typical Fall morning.

This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Keller Williams Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Green Hills, and all of Middle Tennessee

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Mark Boersma, international author, speaker, and President of Synergy Solutions, is speaking in Nashville, TN later today. Be sure to attend his Business Mysteries LIVE presentation at the Hampton Inn in the Green Hills area. Presentation is starts at 9:00 and is free.

As an added bonus, entrepreneur Joyce Jackson, will be speaking on the internet and social media during the working lunch..

Yesterday, Mark and Joyce, put on a dynamite presentation at the Cool Springs Embassy Suites for the Cool Springs Chamber of Commerce. If you missed this exciting presentation on how to grow your business on through the power of master mind groups and mastering ways to grow your business, DVD's of the presentation will be soon be available. You can email me at cvideopromotions@gmail.com☺☺☺


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