Franklin Crossing

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                    [post_content] => The market for Franklin Crossing condos in Franklin, MA had an indifferent year in 2012, despite a surge in home sales volume throughout the Bay State last year.

Average sales price and sales volume down

While home sales volume in the overall MA market rocketed a strong 22% in 2012, only four units sold at Franklin Crossing last year. This is below 2011’s sales pace of 7 unit sales and matches 2010’s meager sales production at this attractive condo community in Franklin, MA.



The average sales price of homes at Franklin Crossing in 2012 fell 3.9% to $123,825 (from $128,814 in 2011).  Days on market (DOM) ballooned to 497 DOM (from 133 DOM the year before).

DOM increased so much at Franklin Crossing last year because 2 of the 4 units that changed hands there in 2012 took literally years to find buyers.  The owners of these long DOM units made the mistake setting their asking prices too high when they listed in 2010 and they kept their over-pricing in place throughout 2011 as Franklin Crossing values declined around them.  These owners finally reduced their asking prices to market levels in 2012 and mercifully got their units sold.

Location of 2012 sales at Franklin Crossing



The map above shows the location 2012’s sales at Franklin Crossing.

Download the report on 2012's market activity at Franklin Crossing



Follow the image above or the hotlink to download a full report on 2012’s sales at Franklin Crossing.

The outlook for Franklin Crossing condos

The average sales price of units at Franklin Crossing has declined 40% since 2005 (to $123,825 in 2012 from $207,238 in 2005). Despite this, Franklin Crossing offers many benefits:  a superior location just off Exit 17 of I-495, attractive, well-maintained grounds and common areas, and strong demand for rental units. MA real estate had a good year in 2012 and 2013 has started strong.  If the strengthening trend in Massachusetts real estate continues, we should see better times ahead at Franklin Crossing!

If you have any questions about how your Franklin Crossing unit stacks up in the local market in terms of price, features and amenities, I would be happy to assist you. I’ll prepare an in-depth Home Market Analysis for the property.  Just give me a call at 508-613-2889 or email me.  No cost or obligation!
                    [post_title] => Franklin Crossing condos 2012 real estate review
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                    [post_content] => The Massachusetts real estate market experienced a strongly positive shift in momentum during the first half of 2012.  Home sales soared as buyers competed avidly for desirable properties.  If Massachusetts real estate continues on the upswing, we should see a better market developing for units at the Franklin Crossing Condominiums in Franklin, MA.

MA real estate started looking up in early 2012

There was a pronounced improvement in home buyer sentiment in Massachusetts during the first half of 2012.  Home sales rocketed over 20% as buyers finally loosened their purse strings to take advantage of low prices, a strengthening MA economy and record low borrowing costs. Read a full report on Massachusetts real estate during the first half of 2012 by clicking the hotlink.

Market upswing not yet evident at Franklin Crossing

Despite the encouraging activity in the 2012 Massachusetts real estate market, the first half of the year saw only one unit change hands at Franklin Crossing.



The image above gives the history of sales at Franklin Crossing during the first half of each year going back to 2003.  The one unit sale during the first half of 2012 provides a very small sample from which to derive a meaningful analysis of values at this condo community.  So even though the "average" selling price fell to $117,000, that's based on one sale only so you may not want to read too much into that statistic.

Details on the one sale at Franklin Crossing

Unit 1010 sold for $117,000 on June 29 after 308 days on the market.



The transfer of this unit is the lowest priced transaction at Franklin Crossing going back to 2002.  It is a 939 sq ft home for which the seller paid $109,000 back in 2000.  Click here or on the image above to download a report on the sale.

Franklin Crossing sales should improve with overall market

Owners of units at Franklin Crossing should take heart in the strong improvement experienced by the MA real estate market during the first half of 2012.  If Massachusetts real estate keeps on track, we should see sales of Franklin Crossing units start to head higher as well.

If you are thinking of selling your Franklin Crossing unit, click the hotlink to get a free, no obligation value analysis of your home!

Copyright ©2012 02038.com

 
                    [post_title] => First half 2012 market update for Franklin Crossing Condos
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                    [post_content] => The Franklin Crossing Condominiums in Franklin, MA enjoyed a respectable year in 2011 in terms of market activity.  Sales volume was significantly greater than 2010. Unit prices trended lower, but appeared to find a solid support level towards the end of the year. Two higher priced unit sales recorded in the second half of the year create grounds for optimism at this desirable condo community in Franklin, Massachusetts.

Sales volume up, prices drift lower

There was a notable pickup in sales activity in 2011 at Franklin Crossing compared to the prior year.



A total of 7 units sold in 2011 at the Franklin Crossing Condominiums.  This was a significant increase in the number of sales over the torpid pace of transfers in 2010 which saw only 4 Franklin Crossing units change hands.



The average selling price of units at this popular condominium community in Franklin, Massachusetts in 2011 was $128,814.  This compares to an average selling price of $141,857 in 2010.

2010 stats less reliable

Note that you should not read too much into the 2011 statistical price decrease at Franklin Crossing compared to 2010 because there were so few unit sales in 2010 at Franklin Crossing.  The 4 units sold in 2010 constitute such a small sample that 2010’s average selling price at Franklin Crossing becomes a less meaningful gauge of true unit value for that year.

Selling time improves



It was encouraging to see that 2011’s average number of days on market (DOM, or time it took Franklin Crossing units to find buyers) was 133 days.

That was a marked improvement over 2010’s average DOM of 210 for units at Franklin Crossing.  Faster selling time typically is a leading indicator of a better home selling environment to come.

Download full sale summary




You can download a detailed overview of all 2011 sales at Franklin Crossing by clicking the hotlink or clicking on the image above.

Reasons for optimism in the sales at Franklin Crossing


There are solid reasons for optimism to be found in the 2011 sales results at Franklin Crossing.

The two highest-priced sales (Unit 406 at $137,700 and Unit 1409 at $137,500) closed in the second half of the year.  These sales came on the heels of what had been a prolonged period of market resistance to higher asking prices at Franklin Crossing earlier in the year.

These two higher-priced unit sales are very encouraging for future market activity at Franklin Crossing.  The high sales confirm that condo buyers recognize (and will pay for) the many advantages offered by the Franklin Crossing community.  So owners at Franklin Crossing take heart!

The year ahead at Franklin Crossing

What's on tap for unit sales at Franklin Crossing this year?



To get a good idea of what 2012 may hold for sales at the Franklin Crossing Condominiums in Franklin, MA, skip the crystal ball!

You'll get a much better indication of what's ahead by looking at what the experts have to say about the general MA real estate market and the local economy.

Outlook for the the MA economy and real estate market



Click the image above or the hotlink to access an excellent summary of a variety of 2012 economic and housing forecasts for Massachusetts and the US as a whole.

From that summary, you’ll be able to download a number of informative reports.

There's an upbeat 18 page analysis from JP Morgan Chase & Co of the current condition the MA economy and its prospects for the future.

Also in this summary are detailed forecasts for the local, US and international real estate markets from Wells Fargo and Freddie Mac.

2012 will be better than 2011

What you'll garner from all those reports is that 2011 was a year of economic transition for the US and bottom-building for the local real estate market.

On the economic front, Massachusetts continues to be in much better shape than the US as a whole.  It is very good that the national economy is showing clear signs of strengthening as the new year gets underway.

So the 2012 economy should be a noticeable improvement over 2011, especially as we move into the second half of the year.

In terms of real estate, the local market should show increasing momentum in 2012 and 2013.

Thinking of selling your Franklin Crossing unit?


Of the seven sales at Franklin Crossing in 2011, 4 were in the $120,000s while 3 units sold in the $130,000s.  This is a fairly wide spread in prices for what were essentially similar units in some cases.

Improper initial asking prices for some units at Franklin Crossing led them to encounter market resistance in the first half of 2011.  Some of these units eventually sold at discounted prices below what they could have gotten if they had been properly priced at the start.

The wide difference in the 2011 sale prices at Franklin Crossing amply demonstrates that marketing and positioning can affect the price you'll get for your unit.

Franklin Crossing sellers need to hire a listing agent who understands very well the dynamics of unit location, floor plan and condition in the condo community.  Trying to sell without accounting for these factors can have a major impact on the success of your sale.

Warren Reynolds has a lot of exclusive content on Franklin Crossing to promote the community and engage buyers with your unit.  Warren will help you position and price your unit properly so that it sells quickly and for top dollar.

Ask Warren for a free Home Value Report for your Franklin Crossing condo unit.  It's your best first step to home-selling success!

Copyright ©2012 02038.com
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                    [post_content] => The Franklin Crossing Condominiums in Franklin, MA offer residents and their guests use of an in ground pool and tennis courts.

Video of tennis courts and pool

Below is a video showing the pool and tennis courts at the Franklin Crossing condos in Franklin, Massachusetts:



Other recreational resources close by

Other recreational resources near to the Franklin Crossing condos in Franklin, Massachusetts include:

The Hockomock Area YMCA

The Franklin State Forest and

The Beaver Pond beach and recreational area.

Copyright ©2011 02038.com
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                    [post_content] => There are quite a number of stores and service providers located along Route 140 in Franklin, Massachusetts.  These businesses are ideally situated to serve residents of the Franklin Crossing Condominiums.

Video of stores close to condos

Here’s a video showing just some of the many stores and businesses on Route 140 that are within a 2 minute drive from the Franklin Crossing condos in Franklin, MA:



Access more information about the Town of Franklin, MA.

Copyright ©2011 02038.com
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                    [post_content] => The Franklin Crossing Condominiums are located on Franklin Crossing Road in Franklin, MA.  This puts these condos literally a one minute ride from the Franklin Village Shopping Center.



Very close but still have peace and quiet

It’s so close that you could easily walk to the shopping center from the Franklin Crossing condos .

But the hustle and bustle at the mall should not pose a problem for Franklin Crossing residents because the condos are nestled on a gentle hill across Rte 140 from the shopping center.



Video of drive to shopping center

Here’s a video showing the easy drive to the shopping center from the Franklin Crossing condo community:



Please click the link to learn more about Franklin Village Shopping Center.

Copyright ©2011 02038.com
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                    [post_content] => A great location is just one of the many advantages offered by the Franklin Crossing Condominiums in Franklin, Massachusetts.

A commuter-friendly location near shopping

Residents at Franklin Crossing enjoy easy access to Interstate 495, the main commuter route in the Greater Franklin area.  I-495’s Exit 17 is just a one minute drive from the Franklin Crossing condos.



Just a bit further west on Rte 140 is the Forge Park commuter rail station which provides train service to Boston.

Shopping and services near by

The condos are also very close to the Franklin Village Shopping Center as well as many shops and businesses along Route 140 in Franklin.

These provide a wide variety of shopping, restaurants and services and greatly enhance the quality of life at these affordable condominium homes!

Schools and YMCA close by

The Tri-County Regional Vocational Technical High School is within walking distance from Franklin Crossing while the Franklin High School is an easy drive way.

It's a brief drive from Franklin Crossing to Franklin's Hockomock Area YMCA, which provides a broad array of recreational activities and programs for members of all ages.

In sum, the Franklin Crossing Condominiums in Franklin, MA truly are ideally located!

Copyright ©2011 02038.com
                    [post_title] => Franklin Crossing Condos have super location
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                    [post_content] => The Franklin Crossing Condominiums in Franklin, Massachusetts were built in 1985.  They have a pleasant, modern feel.



160 Units in attractive setting


There are just over 160 units in the community. All are one level garden style units with central air.



Video drive-through

Here's a video showing the exterior of the units and the community grounds of these condos in Franklin, MA:



2 bedroom homes

Franklin Crossing has mostly 2 bedroom units with a few 1 and 3 bedroom floor plans.  Unit sizes range from roughly 725 sq ft to just over 1,100 sq ft.

The community has an outdoor pool and tennis courts.  A play set for children also available.

Copyright ©2011 02038.com
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            [post_content] => The market for Franklin Crossing condos in Franklin, MA had an indifferent year in 2012, despite a surge in home sales volume throughout the Bay State last year.

Average sales price and sales volume down

While home sales volume in the overall MA market rocketed a strong 22% in 2012, only four units sold at Franklin Crossing last year. This is below 2011’s sales pace of 7 unit sales and matches 2010’s meager sales production at this attractive condo community in Franklin, MA.



The average sales price of homes at Franklin Crossing in 2012 fell 3.9% to $123,825 (from $128,814 in 2011).  Days on market (DOM) ballooned to 497 DOM (from 133 DOM the year before).

DOM increased so much at Franklin Crossing last year because 2 of the 4 units that changed hands there in 2012 took literally years to find buyers.  The owners of these long DOM units made the mistake setting their asking prices too high when they listed in 2010 and they kept their over-pricing in place throughout 2011 as Franklin Crossing values declined around them.  These owners finally reduced their asking prices to market levels in 2012 and mercifully got their units sold.

Location of 2012 sales at Franklin Crossing



The map above shows the location 2012’s sales at Franklin Crossing.

Download the report on 2012's market activity at Franklin Crossing



Follow the image above or the hotlink to download a full report on 2012’s sales at Franklin Crossing.

The outlook for Franklin Crossing condos

The average sales price of units at Franklin Crossing has declined 40% since 2005 (to $123,825 in 2012 from $207,238 in 2005). Despite this, Franklin Crossing offers many benefits:  a superior location just off Exit 17 of I-495, attractive, well-maintained grounds and common areas, and strong demand for rental units. MA real estate had a good year in 2012 and 2013 has started strong.  If the strengthening trend in Massachusetts real estate continues, we should see better times ahead at Franklin Crossing!

If you have any questions about how your Franklin Crossing unit stacks up in the local market in terms of price, features and amenities, I would be happy to assist you. I’ll prepare an in-depth Home Market Analysis for the property.  Just give me a call at 508-613-2889 or email me.  No cost or obligation!
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