What's My Belle Vista Home Worth? June 2014
By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
What's My Belle Vista Home Worth? Market Report for June 2014 Properties currently Active on the market: 5 Single-family properties closed in June: 3 Average sales price: $622,284 Average list price: $604,894 Average sales price to list price ratio: 102.9% Average days on the market: 21 Pending sales: 6 Belle Vista absorption rate: 1.7 months of inventory (a normal or steady market would be 5-7 months, a buyer's market would be in excess of 7 months, and a seller's market would be less than 5 months) Belle Vista is currently experiencing an extreme seller's market. However, all the sales in June were from new construction homes which is really bolstering the property values in Belle Vista. Two of the three homes sold in presale; accounting for the low average days on the market. Wonderi...
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