The real estate market in Williamson County continues to deliver solid numbers, with Franklin and Brentwood home sales leading the way. According to the Williamson Country Association of Realtors, residential closings in June were down 3.6% compared to May and down 7% compared to June 2010. Of course, last year the tax incentives were still in effect, so the market is learning to stand on its own two legs right now.
In June 2011, the median sales price for a home in Williamson County was $360,000, down slightly from June 2010 when it was $375,000. Since the beginning of 2011, the median price of a home has recovered 31%. The number of condo sales has dropped slightly from a year ago; however, the average Williamson County condo sales prices have held steady at $195,500.
As we continue to weather the choppy real estate market, the future looks hopeful. Forbes recently named Nashville as the number three boom town in the country. A primarily beneficiary of Nashville is Williamson County, which is the fastest growing county in the state and rated the 68th fastest growing county in the US.
Williamson County can attract its own share of business, with recent additions such as Nissan, Liberty National Life Insurance, and Verizon. Despite all the commercial growth, Franklin was still named one America’s most beautiful towns in a recent Rand McNally/USA Today Poll. With good looks, a low tax rate, great schools, and a diverse core of housing, Williamson County is poised to grow.
There are a lot of great opportunities in the real estate right now. If you have any questions regarding homes in Franklin or Brentwood or in the surrounding area, feel free to contact me through my web-site, at jefffulmer@comcast.net, or 615-545-86111. If you are just starting the search for a condo, I have two videos which give quick overviews of Franklin TN condos and Brentwood TN condos.
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