The antique home market in Franklin, MA found new life in the first half of 2013. Home buyers embraced the antique home lifestyle with rekindled enthusiasm as the overall Franklin market gained momentum. Antique home sales prices rose during the first 6 months of the year while sales volume swelled. Buyers were drawn to antique homes because they offer more living space for the money than modern residences while their period charm and character simply are not found in most homes built since the WWII era.
Antique home prices rebound
The median sales price of antique homes in Franklin, Massachusetts rose 7.4 % during the first six months of 2013 compared to year-ago levels.
This marks the second year in a row that the median sales price of Franklin antiques has moved higher. Since the first half of 2011, the median sales price of antiques in Franklin has climbed 10.5%.
Sales volume up
In addition to rising prices, the antique homes market in Franklin, MA enjoyed rising sales volume during the first half of 2013. 18 antiques changed hands during the first 6 months of the year, a 38% increase over the number of antique homes sold in the first half of 2012.
2013’s first half sale volume was a whopping 157% above the paltry 7 antique homes in Franklin that transferred back during 2009’s first half.
Antiques home sales report
Follow the link or the image below to download a summary report on all antiques that sold during the first half of 2013.
Contact Warren for more information on any of the antique home sales in the above report.
Low inventory of antique homes for sale in Franklin
In residential real estate, supply and demand drive the market. High supply and low demand yield a weak market and falling home prices. On the other end of the spectrum, a low supply of homes for sale coupled with lots of buyers characterize a strong market and help spur rising home prices.
At the rate antique homes are selling in Franklin, it would take just three months for all the Franklin antiques currently on the market to find buyers. That’s pretty low inventory!
If you’re thinking of selling your Franklin antique the crucial question is how to maximize your home sale proceeds. You can best do this by increasing your home’s appeal without spending a lot of money on needless upgrades and expensive repairs. You can further boost your proceeds by marketing the property in effective and creative ways that attract today’s tech-savvy buyers.
That’s where Warren comes in! Warren knows the money-making fix-ups and showcasing techniques that pay back best at closing. He also knows how to market Franklin homes; he’ll ensure that you’ll get the best sale price for your Franklin antique! Warren has a long track record of happy clients who’ll attest to his skill at selling homes quickly and at the best price, no matter what!
If you’re thinking of selling, contact Warren! Ask for his free, no-obligation Home Value Analysis. Get the facts about where your property fits in today’s market and the help you need to get a better selling price for your home!