Did you know that the number of ranch homes sold in Franklin, MA soared 58% in 2013? Or that the median price of Franklin ranches rose 10% over year ago levels? It’s true! Download your copy of the 2013 Franklin Ranch Home Market Recap and see for yourself! Available only here, the Recap documents the dramatically improving market for ranch homes in Franklin. You’ll also get an insightful review of the important trends in Franklin and Massachusetts real estate that impact the value of your home. It’s a must read for owners of ranches in Franklin, MA!
If you’re thinking of selling your Franklin ranch home in 2014, find out what your property is really worth . . . contact Warren for your free, no-obligation Home Value Report! No obligation!
Here’s a taste of what you’ll get in your 2013 Franklin Ranch Home Market Recap:
Ranch sales volume soars
The number of ranch homes sold in Franklin during 2013 rocketed 58% above 2012 totals. It was the best sales results for Franklin ranches in years. (All data from MLS-PIN, the dominant MLS in the Commonwealth.)
First time buyers were drawn to Franklin ranches in 2013, attracted by the good values and functional floor plans typically afforded by this home style. Another large demographic group seeking ranches during 2013 were older buyers in need of one level living.
Median sales price up 10%
The median price of all Franklin ranch homes sold during 2013 rose 10% from the prior year.
Buyers paid premiums for renovated ranches in move-in condition. These homes proved attractive to first time buyers priced out of more expensive communities closer to Boston. 2013 ranch sales clustered in a narrow range of prices. The $250,000 – $299,999 bracket received the largest number of ranch sales in Franklin.
Download your copy of the 2013 Franklin Ranch Home Market Recap to get all the details on the ranch home market in Franklin, MA and real estate happenings in the broader Franklin and statewide markets for the year just ended!
If you are thinking of buying or selling a home in 2014
2014 may see continued low housing inventory coupled with elevated demand for Franklin listings. Prospective Franklin home sellers may want to take advantage of these favorable conditions while mortgage rates are still low.
Please contact Warren to get expert advice on your best housing options and strategies for 2014. Here’s to a happy, healthy and prosperous year!