Polk Place Homes In Franklin TN - April 2015

Polk Place Homes In Franklin TN - April 2015Polk Place Homes In Franklin TN - April 2015

Polk Place homes have lately been selling like girl scout cookies with 4 closings in the month of March and 6 homes currently under contract, leaving only one home available for purchase. The absorption rate on Polk Place homes now based on these numbers is one week. As crazy as it seems, this is now the market for affordable homes in Franklin. Almost every home in Polk Place is priced in the $400,000 to $500,000 range, in the sweet spot of affordability with an average price per square feet of around $130.

• 4 Polk Place homes sold in the month of March
• the average price of homes sold was $426,325
• 6 homes are currently under contract to close
• 1 Polk Place home is available for purchase

I expect the demand for homes in Polk Place to continue as builders in Franklin will have trouble finding lots, and the cost to develop land continues to rise at a rapid pace. With all the new regulations place on building to codes, and the fees and taxes levied on new homes continue to rise, affordable housing in Franklin seems to be a thing of the past.

Search for Polk Place homes for sale here

If you would like to know what the value of your existing Polk Place home would be, enter your information here, and you will receive a free market analysis based on current conditions. Of course you can always call Larry Brewer at Benchmark realty 615-512-7853 for immediate assistance.

]