About Franklin's River Landing

River Landing Homes For Sale Franklin TN

River Landing is a "High End" neighborhood located just North of Franklin TN. Below is a current MLS list of homes for sale in River Landing Franklin Tennessee. If you have any questions about a particular home or would like to set up a showing then please contact us:

River Landing Franklin TN Home Sales for July 2011 provided by Tammie White:

• Properties currently active on the market: 3
• Single-family properties closed in June 2011: 3
• Average sales price: $646,250
• Average list price: $676,622
• Sales price to list price ratio: 95.5%
• Average days on the market: 62
• Sales currently pending: 0
• River Landing absorption rate: 1 month of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market).

River Landing is currently in an extreme seller's market.

If you are interested in a Franklin TN home for sale or wish to sell your Franklin TN home, contact Tammie White, your Franklin TN REALTOR®, at (615) 495-0752.

River Landing Franklin TN Home Sales for June 2011 provided by Tammie White:

• Properties currently active on the market: 5
• Single-family properties closed in June 2011: 3
• Average sales price: $578,300
• Average list price: $587,766
• Sales price to list price ratio: 98.4%
• Average days on the market: 18
• Sales currently pending: 1
• River Landing absorption rate: 1.7 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market).

River Landing is currently in a seller's market.

If you are interested in a Franklin TN home for sale or wish to sell your Franklin TN home, contact Tammie White, your Franklin TN REALTOR®, at (615) 495-0752.

Franklin TN Real Estate

River Landing 2011 Market Report

Sales have picked up in the River Landing subdivision this past year, doubling the prior years sales. The Chart below shows the number of sales for the past 12 months, broken down into 3 months, 6 months and 12. Based on these numbers it lets you see the amount of inventory available.

River Landing has seen below average sales the past 2.5 years. Sales started falling off in 2007 when they went from 37 in 2005, 30 in 2006 down to 12 in 2007. It only got worse at 10 sales in 2008 but only 4 sales in each of 2009 and 2010.

Of the Active Listings in River Landing 2 have contingencies on them and one is a short sale.

Most of River Landing was built by Drees and Beazer Homes starting in 2000 with most of the homes completed by 2006. Of the 8 homes sold in the past 12 Months, one was a foreclosure and one was a short sale. There are currently 6 homes Active on the market and one Pending sale.

The inventory closely reflects the absorption rate of the Franklin TN Real Estate market in general.

Franklin TN Real Estate - River Landing 2010 Market Report

River Landing's sales were very similar to those of 2009. There were 4 closings in 2009 and again in 2010. The average size of the 4 properties went up from 4536 square feet to 4816 square feet.

The average sales price per square foot decreased from $123.40/sqft to $120.69/sqft. This doesn't mean that the prices have actually decreased. As the size of the home increased, the price/sqft often decreases as the cost to build larger is often less.

A Good example is the largest home that sold in 2009 was 5496 square feet and sold for $123.73/sqft. The largest home that sold in 2010 was 5401 and sold for $124.98/sqft. This indicates that prices and sales are holding steady in the River Landing Subdivision.

River Landing Average Days on the market decreased from 171 in 2009 to 108 in 2010. A good sign that homes moved somewhat better in 2010. On the down side, 2 of the 4 sales in 2010 were short sales, up from just 1 in 2009.

River Landing Market Reports from 2010 and before.