About Franklin's Villages Of Clovercroft

Villages of Clovercroft Franklin TN Home Sales for December 2011 provided by Tammie White:

• Properties currently active on the market: 4
• Single-family properties closed in December 2011: 6
• Average sales price: $383,537
• Average list price: $384,059
• Sales price to list price ratio: 99.9%
• Average days on the market: 66
• Sales currently pending: 1
• Villages of Clovercroft absorption rate: .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).

Villages of Clovercroft is in an extreme seller's market with less than a month of inventory. Of the six closed sales in December, five were new construction. With selling prices near or over 100% of asking, it appears that the builder, Jones Company, is not being very negotiable on their sales price.

This is especially concerning to me given the current economy. Buyers may be better served by purchasing an existing home in Villages of Clovercroft.

Buyers should always remember to have the assistance of a Buyer's Agent whenever purchasing new construction. Many builders are very negotiable on their sales price but unsuspecting buyers don't always know this. As a Buyer's Agent, I prepare a Competitive Market Analysis for the new construction area to verify what homes are currently selling for. This gives the buyer a better indication of what they should offer. Rather than blindly agreeing to the sellers asking price.

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.

Villages of Clovercroft Franklin TN Home Sales for November 2011 provided by Tammie White:

• Properties currently active on the market: 5
• Single-family properties closed in November 2011: 2
• Average sales price: $440,564
• Average list price: $439,002
• Sales price to list price ratio: 100.4%
• Average days on the market: 50
• Sales currently pending: 1
• Villages of Clovercroft absorption rate: 2.5 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).

Villages of Clovercroft is in an extreme seller's market. However, November sales were primarily influenced by the one new construction home that closed during that month. With selling prices over 100% of asking, it appears that the builder, Jones Company, is not being very negotiable on their sales price.

This is especially concerning to me given the current economy. Buyers may be better served by purchasing an existing home in Villages of Clovercroft.

Buyers should always remember to have the assistance of a Buyer's Agent whenever purchasing new construction. Many builders are very negotiable on their sales price but unsuspecting buyers don't always know this. As a Buyer's Agent, I prepare a Competitive Market Analysis for the new construction area to verify what homes are currently selling for. This gives the buyer a better indication of what they should offer. Rather than blindly agreeing to the sellers asking price.

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.

Villages of Clovercroft Franklin TN Home Sales for September 2011 provided by Tammie White:

• Properties currently active on the market: 9
• Single-family properties closed in September 2011: 3
• Average sales price: $367,082
• Average list price: $362,130
• Sales price to list price ratio: 101.4%
• Average days on the market: 38
• Sales currently pending: 5
• Villages of Clovercroft absorption rate: 3 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).

Villages of Clovercroft is in a seller's market. However, September sales were all new construction. With selling prices over 100% of asking, it appears that the builder, Jones Company, is not being very negotiable on their sales price.

This is especially concerning to me given the current economy. Buyers may be better served by purchasing an existing home in Villages of Clovercroft.

Buyers should always remember to have the assistance of a Buyer's Agent whenever purchasing new construction. Many builders are very negotiable on their sales price but unsuspecting buyers don't always know this. As a Buyer's Agent, I prepare a Competitive Market Analysis for the new construction area to verify what homes are currently selling for. This gives the buyer a better indication of what they should offer. Rather than blindly agreeing to the sellers asking price.

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.

Villages of Clovercroft | Franklin TN Homes for Sale

The Villages of Clovercroft located on the eastern-side of Franklin TN has historically inspired exterior designs with modern floor plans.

The homes range in size from approximately 1,700 to 3,500 square feet. Built by Jones and Company, the exteriors are a combination of brick and cement fiber siding. The interiors have large family rooms, impressive kitchens and baths, and secondary bedrooms that are comparable in size to other homes master bedrooms. Every bedroom has walk-in closets.

The neighborhood is designed with lots of green space. Villages of Clovercroft includes a swimming pool and cabana, pocket parks and playground. Located just minutes from Cool Springs shopping and restaurants make this location highly desirable.

Villages of Clovercroft is zoned for Trinity Elementary, Page Middle and Page High schools. All in the highy-rated Williamson County Schools system.

If you are looking for a Villages of Clovercroft home for sale or you are selling your Villages of Clovercroft home, please contact Tammie White at (615) 495-0752 today.

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