Al and Cal Homes and Community: Home Prices Franklin MA February 2014

Home Prices Franklin MA February 2014

Home Prices Franklin MA  February 2014

Real estate market data for Franklin, MA provided by

  Carol -Ann Palmieri, Remax Executive Realty 

 

Franklin Home Prices

If you are wondering what is happening in the Franklin MA real estate market, a quick glance at the graph below paints the picture.   Homes are moving quickly.   Inventory is low.  It's good news for homeowners with an average 4.4 percent rise in home values since last year.      Predictions are that the trend will continue, but at a lower rate.  

  Single Family Inventory:   

If you are interested in seeing exactly what the current inventory looks like in Franklin MA, you can find that by just clicking this link.   Current inventory in Franklin, MA

There are currently 11 properties on the market priced below $300,000.    The average price per square foot is $204.     You can expect about 1260 square feet of living space.  

$300,000 and $500,000.    As of right now, there are 12 homes available in this range.   The average price per square foot is $197.    Expect to find Cape and Colonial style homes and new construction is even an option.

There are 9 listings priced between $500,000 and $750,000.  Average price per square foot is $195.  Expect to find resale and new construction in this range.   

There are 8 listings over $750,000.   The average price per square foot is $240.   Expect new construction and custom resale homes.  

 

Franklin Real Estate Report Summary:

 
With 32 homes pending or contingent and a limited amount of inventory, I would consider Franklin a hot market leaning towards a sellers favor.   Buyers looking to purchase here can find a nice balance of resale homes and new construction.   There are just two lender involved properties on the market.  Competitively priced homes do not stay on the market long.   I expect that as the weather improves, the housing market will follow suit.       (This reporting is relative to the single family home market, but condo and multi family homes in this community are hot as well.)        
 
Buyers continue to find  Franklin very desirable.   Why not?   With a recent news report suggesting that Franklin is the nation's safest city, who wouldn't consider the community to be their families home base?   

 

 If you are considering buying a home in Franklin, MA, don't sit on the sidelines for too long.  Start actively looking now.   The "spring market" has already commenced and is just going to get more competitive.      

If you are a seller, pricing your home in line with comparable home sales will bring you an offer close to asking in a short amount of time.   

 

Find Homes for Sale in Franklin, MA:

Visit my website to search for homes in Franklin MA or to be notified when Franklin homes come on the market.

 

To find out what your home is worth in the current market email me cal@alandcal.com or call  508-494-9061.

 

alandcal.com

A great local real estate agent is your best offense in negotiating the market. 

 

Regardless of what side of the fence you find yourself on, you need an agent  knows the market and the neighborhoods inside and out.    

 

 

508-494-9061

      Put my 26 years of experience to work for you!    

Al and Cal Realty Group Remax Executive Realty

Carol-Ann Palmieri

Al and Cal Realty Group

Remax Executive Realty

www.AlandCal.com

 

Cal@AlandCal.com

 

508-494-9061

 

Comment balloon 4 commentsCarol-Ann Palmieri • February 24 2014 12:42PM

Comments

Cal, 

I am glad to see in i the rain. Excellent market report written by you and I really like your pie chart. Take care.. I hope you folks are surviving this terrible winter in good shape. 

Posted by Robert Bob Gilbert, Your Katy TX ( West of Houston) Real Estate Expert (Berkshire Hathaway HomeServices Anderson Properties) over 4 years ago

Hey there Cal gal, good to see you. Like the infographic added to this post. I'm with Bob, hope you're handling that brutal weather this year.

Posted by Debb Janes EcoBroker and Bernie Stea JD, REALTORS® in Clark County, WA (ViewHomes of Clark County - Nature As Neighbors) over 4 years ago

Carol Ann, love the way you put which side of the fence you are on!  Need to remember that one...love the pic too!  Some market in Franklin MA and you can guide them forward.

Posted by Ginny Gorman, Homes for Sale in North Kingstown RI and beyond (RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate) over 4 years ago

Great news, Carol Ann, and I love that amazing visual graph you put together.

Posted by Christine OShea (Christine E O'Shea Real Estate Broker) over 4 years ago

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