Nothing short of impressive! That’s the best way to characterize the performance of the market for ranch homes in Franklin, Massachusetts during the first half of 2013. The median sales price of Franklin ranches soared over 17 percent while the number of ranch homes changing hands in Franklin more than doubled. The resurgent ranch market in Franklin, MA in the first six months of the year drew strength from mature buyers seeking one-level living and first-time buyers who found good values in updated Franklin ranches.
Ranch home prices up sharply
The median sales price of ranch homes in Franklin, Massachusetts rose 17.6 % during the first six months of 2013 compared to year-ago levels.
This marks the second year of strong first half gains in the median sales price of Franklin ranches. Since the first half of 2011, the median sales price of ranches in Franklin has climbed 26.7%.
The number of ranches sold doubles
It’s rare to for sales volume of any home style to double on a year-to-year basis. But that’s what happened with sales of ranch homes in Franklin during the first half of 2013.
17 Franklin ranches found new owners during the first 6 months of the year, an astounding 112.5% increase over the number of ranch homes changing hands in the first half of 2012. 2013’s first half sale volume reflects the increasing appeal of ranch homes to older buyers as an alternative to the constraints (and monthly fees) of condominium living. And young purchasers are discovering that ranches make great starter homes!
Warren Reynolds’ ranch listings demonstrate demographics of ranch buyers
Warren Reynolds is the blogger/Realtor who owns 02038.com (the blog you are reading right now). Two of Warren’s ranch listings that sold in the first half of 2013 perfectly illustrate the demographic trends supporting ranch sales.
8 Forge Hill Road
This is a beautifully renovated ranch that was the highest-priced ranch sale in Franklin for the first half of 2013.
The buyers were of the Baby Boomer age cohort who wanted one-level living without the downsides of the condo lifestyle.
40 Pine Street
40 Pine Street is another updated ranch in Franklin.
This house appealed to first-time buyers who valued Franklin schools. These buyers loved their ability to move into the house without doing any repairs or upgrades. You can read the letter of recommendation written on behalf of Warren by the sellers of the 40 Pine St house.
Ranch home sales report
Follow the link or the image below to download a recap of all ranch homes sold in Franklin during the first half of 2013.
Contact Warren for more information on any of the ranch homes in the above report.
Low supply of ranch homes for sale in Franklin
The robust ranch market in Franklin during the first half of the year has depleted the supply of available ranch homes for sale in town.
At the rate ranch homes are selling in Franklin, it would take just one month for all the Franklin ranch homes currently on the market to find buyers. That’s a great opportunity for you to sell your ranch in Franklin, Mass!
Thinking of selling your Franklin ranch?
The Massachusetts real estate market is a lot better these days than what it was a few years ago! Home prices and sales volume are up throughout most of the Greater Boston and I495 market areas. This good news means your ranch home is probably worth more now than at any time in the last 5 years..
If you’re thinking of selling your Franklin ranch 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 Reynolds 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 ranch! 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!
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