2013 1st half recap – Franklin, MA split and raised ranch homes
Split level and raised ranches sold well in Franklin MA during the first half of 2013. Sales volume rose and the average days on market (DOM) for these homes declined significantly. Additionally, the supply of splits and raised ranches available for purchase remained very low throughout the first half of 2013. These three factors should bode well for the Franklin split level and raised ranch home market in the second half of the year!
Days on Market decline
Days on market (DOM) is the time it takes for a home to find a buyer and go under agreement. As a market gauge, average DOM reflects the “temperature” of the market: the lower the average DOM, the faster homes find buyers and the more active demand there is for homes. So with the graph below, a LOWER average DOM is BETTER:
2013’s first half average DOM for split level and raised ranch homes in Franklin, Massachusetts declined nearly 40% from year-ago levels. That’s GOOD! It took a lot less time for split level and raised ranch listings to find buyers during the first half of 2013 compared to the first half of 2012.
Home sales volume rises
Not only were splits and raised ranches selling quickly in 2013, more of them were selling as well!
13 split level and raised ranch homes sold in Franklin during the first half of the year. That’s a dramatic improvement over the 7 such homes that sold during the same period the year before. 2013’s first half sales production for splits and raised ranches is on par with first half sales in 2011 and better than first half sales volume of 2010 and 2009.
Don’t read too much into tepid median home sales price statistic
The only discomforting news about the split level and raised ranch market in Franklin during the first half of the year is the median sales price. For the second year in a row, the first half median sales price for splits and raised ranches in Franklin slipped modestly.
This muted price performance is at striking variance with median price appreciation for other home styles in Franklin for the first half of 2013: colonials (+6.3%); capes (+10.5%); ranches (+17.6%) and antique homes (+7.4%).
Don’t read too much into the median sales price stats for splits and raised ranches. Half year median price statistics for this house style in Franklin are based on relatively few sales. You’ll do best to wait for median price stats for all of 2013 to get a better read on the median sales price of Franklin splits and raised ranches.
First half 2013 sales report for splits and raised ranches in Franklin
Follow the link or the image below to download a report on all split and raised ranch homes sold in Franklin during the first half of 2013.
Contact Warren for additional details on any of the split and raised ranch sales in the above report.
Restricted supply of splits and raised ranch homes for sale in Franklin
The first half of the year saw a general shortage of homes for sale in Franklin, MA. Split levels and raised ranches were no exception – there was a tight supply of these homes in town for most of the first 6 months of the year.
As we start the second half of the year, it would take just two months for all the Franklin split level and raised ranch homes currently on the market to find buyers. That’s a great opportunity for you to sell you split level or raised ranch in Franklin, Mass!
Thinking of selling your Franklin split or raised 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.
If you’re thinking of selling your Franklin split or raised 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 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 split or raised 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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