Grant Park Atlanta Real Estate Market Report - Home Sales in 3Q 2011

Grant Park Atlanta Homes for Sale | Grant Park Atlanta Real Estate Market

One of Atlanta's oldest neighborhoods, Grant Park is a nationally recognized historic district and features 130+ acres of green space, shops, recreational area, restaurants, ZooAtlanta and some of the finest historic homes in Atlanta. Victorian era homes, Craftsman bungalows, and small cottages line the streets and are sure to "wow" you with their personality and charm!

Grant Park (zip code 30312) is also in a prime "intown" location - just minutes from the interstate (I-20), Downtown Atlanta, and other popular neighborhoods like Cabbagetown, Glenwood Park and the East Atlanta Village.

SO.... HOW'S THE MARKET?

Like many of the intown Atlanta neighborhoods with a wide range of home values, the home sales statistics often appear to be a bit of a rollercoaster ride, varying dramatically from quarter to quarter.

To follow is a quick overview....

COMPARING 3Q OF 2011 TO THE PREVIOUS YEAR

GRANT PARK ATLANTA HOME SALES

The good news is that the number of homes sold dramatically increased last quarter (July - September, 2011). Based on my personal experience, it seems that there were quite a few more buyers shopping for homes in 3Q compared to the previous year.

GRANT PARK HOME VALUES

The numbers in the chart above may appear to be a bit shocking, but this year there were several foreclosures and short sales that sold below $100K. In the previous year, there were more high dollar listings for sale and 50% of those listings sold for over $300K.

LISTING PRICES VERSUS FINAL SALES PRICE

Based on the 3Q 2011 data, it reveals that Grant Park home sellers are pricing their home correctly the first time -- and homes are selling faster (86 vs 114 days) and for a higher percentage (95.1% vs 97%) of the list price.

QUESTIONS? THOUGHTS?

If you have any questions about the value of your Grant Park home or the current market, we urge you to contact a local realtor. The real estate market can vary from quarter to quarter (and month to month), so it is important that you have access to the latest information before deciding to buy or sell your home.

You can call us day or night at 404.432.1844.

Posted by:

Kerry Lucasse - Ian Marshall Realty - Nest Atlanta Real Estate Group

Direct Phone - 404.432.1844

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Grant Park Atlanta Real Estate - Grant Park Homes for Sale