Franklin Land: Value vs. Price
By Brian Brock
The New Franklin Register has been chronicling the sale of real property in Franklin for almost a decade, totaling over 350 sales. We have compiled all these by year and posted them on the Franklin Local website. This database allows us to look back at the recent history of real estate in our town.
In a typical year, there are forty or so free-market sales – averaging less than one a week. Of the 2,180 parcels in Franklin, that is a two percent turnover annually. Also, there are as many transfers and adjustments, for which no money changes hands. Generally, we do not publish those, to save space. In addition, every month there are a few sales between relatives or of foreclosed parcels, which usually do not yield a free-market price. While we publish those, they are not included in this analysis. Continue reading…
