Franklin Real Estate News

The ST. Jude Dream Home raffle is in it's sixth year. The home up for grabs in Westhaven, a planned community in Franklin. The value of the home is approximately $550,000.  The home features,3 bedrooms, 3.5 baths, 3 car garage, custom kitchen cabinets with butlers pantry and wine cooler, formal dining room and study.

 

 

 

Raffle tickets cost $100 and can be purchased online at https://www.stjude.org/sjdreamhome/jsp/dream_home_choose_format.jsp?event=EEH08010, or call 1-800-746-6713.

Discoveries at St. Jude have completely changed how doctors treat children with cancer and other catastrophic illnesses. Since St. Jude was established, the survival rate for acute lymphoblastic leukemia, the most common type of childhood cancer, has increased from 4 percent in 1962 to 94 percent today. St. Jude has treated children from across the United States and from more than 70 countries. Doctors across the world consult with St. Jude on their toughest cases. Also, St. Jude has an International Outreach Program to improve the survival rates of children with catastrophic illnesses worldwide through the transfer of knowledge, technology and organizational skills.

All medically eligible patients who are accepted for treatment at St. Jude are treated without regard to the family's ability to pay. St. Jude is the only pediatric research center where families never pay for treatments that are not covered by insurance, and families without insurance are never asked to pay. In addition to providing medical services to eligible patients, St. Jude also assists families with transportation, lodging, and meals. Three separate specially-designed patient housing facilities-Grizzly House for short-term (up to two weeks), Ronald McDonald House for medium-term (two weeks to 3 months), and Target House for long-term (3 months or more)-provide housing for patients and up to three family members, with no cost to the patient. These policies, along with research expenses and other costs, cause the hospital to incur more than $1.5 million in operating costs each day. Around $180,000 is covered by patient insurance, the remaining $1.34M/day is funded by charitable contributions.

If you would to purchase a home in Westhaven, click on the link.

 

  

  Franklin TN Home Sales for February 2010 are as follows

• 71 Franklin TN Homes were sold
• The average price of homes sold was $382,631
• The average size of homes sold was 2995 square ft
• The average number of days on market for sold homes in Franklin was 98
• 146 Franklin TN Homes are pending sale
• 959 Homes are available for sale in Franklin

 

My analysis is this – The inventory of homes in Franklin is still sufficient to support a buyers market, and prices reflect that. However, new homes at affordable prices are becoming harder to find, and builders will not be replenishing sold homes at the rate they did in the past. Pre-owned homes will always be available, but I expect the prices to start increasing for the higher demand communities like Westhaven .

Click on the link to search for Franklin TN Homes

 

  

Golf at the Governors Club - If you have the desire to join a private club in the Nashville area, and you like the idea of playing on a course designed by Arnold Palmer, the Governors Club might be the course for you. Located on the east side of Brentwood just a 10 minute drive from downtown Nashville.

If owning a luxury home on the golf course is part of the package, give me a call. I think every golfer should treat themselves to a home of the golf course, and the Governors club is a great place to live.

 

 

  

Nashville home values down 0.4 percent - According to Zillow, Nashville home prices have been very stable for the last 12 months. Most of the customers I speak with are very concerned by the media representation of real estate values constantly eroding. According to Zillow, it's not the case in Nashville.

To search for Nashville Homes. click on the button

 

  

Inspecting real estate in Nashville, TN ~ Garage door safety...
     Garage doors are the largest moving object in your home. Child and pet safety are major areas of concern when purchasing or having your new home inspected. Municipalities and insurance companies now require photo eyes to be installed on all mechanically operated garage doors. As a general rule, these are to be placed between 4-6" above the garage floor. 
     Every now and then, the placement of these safety items is overlooked during the new construction process. While these are supposed to be checked by local building officials prior to a house being issued a CO (Certificate of Occupancy), these often get overlooked during the final inspection. Thankfully, the home inspection process catches these items to ensure as safe dwelling for you and your family.

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Nashville Home Sales up 29 percent for the 4th quarter of 2009. According to the GNAR, there were 5,730 closings in the region, which is a 29.8 percent increase over the 4,413 closings in the 4th quarter of 2008.

The median residential price for Nashville Homes in December of this year was $164,000 and for a condominium the median price was $149,900. That compares with median prices of $163,750 and $132,062 respectively in December of last year. And, there were 1,339 sales pending at the end of December 2009, compared with 1,250 at the end of December of 2008.

Nashville real estate inventory is down to 20,774, compared with 21,274 in December of 2008.

To search for Nashville homes, click on the Nashville button.

  

 Providence is a development with 8 communities. with shoppng and dining convenintl located next to I-840, it's a short commute to downtown Nashville. With prices ranging from $170,000 for zero lot line 1200 square ft homes to Luxury estate homes over $500,000, Providence has a lot to offer including a Del Webb Adult Living community for active adults over 55, Del Webb offers luxury living,One level floor plans, With a 24,000 Sq. Ft. Clubhouse including indoor&outdoor pools,hot tubs, planned activities,fitness center,tennis,bocce,pickleball,walking trails,fish&canoe in lake, and a Lifestyle director
Click here To search for Providence Real Estate, or Homes in Providence,

  

Spring Hill Home Sales for Jan 2010 were as follows

• 24 Spring Hill Homes were sold in January
  
• 74 homes are under contract at the end of the
  
• 458 homes are available and not under contract
• The average size of Spring Hill homes sold was 2401 square ft
  
• The average sales price of Spring Hill Homes sold in January was $212,721
  
• The average sold price to list price comparison was 98 percent

 Click here to search for Spring Hill Homes.

  

Murfreesboro Homes Sales for January - Based on information obtained from the Nashville Multiple listing service.

• 74 homes were sold in Murfeesboro in January
• 187 Murfreesboro homes were under contract
• 873 Murfreesboro homes are currently active
• Average days on market of homes sold was 85
• Average price of homes sold was $162,451

To search for Murfreesboro Homes, click on the button.

  

Green Hills Home Sales for Jan 2010 were as follows

• 10 Green Hills Homes were sold in January
• 15 homes are under contract at the end of the month
• 192 homes are available and not under contract
• The average size of Green Hills homes sold was 4129 square ft
• The average sales price of Green Hills homes sold in January was $780,490
• The average sold price to list price comparison was 96 percent

Click here to search for Green Hills Homes.