Ellenwood GA Real Estate Sales Trends - Prices Rise Slightly in Q1 2012

Ellenwood GA Real Estate Sales are picking up steam, as prices rise slightly in the first quarter of 2012.

A few blog posts ago I reported that Ellenwood GA real estate is on sale at the most affordable price points in a decade. Well, buyers have gotten the message, and as demand goes up, so do prices.

The average price of Ellenwood GA homes for sale took a tremendous dip after 2008, and remained flat through 2011. But in the 1^st quarter of this year, prices are definitely trending upward again. The average price for both market sales and bank-owned sales climbed back up above $150K.

Today’s charts shows selling prices at an average high of $180,090 in January 2012 as compared to a low of $93,346 in October. Bank-owned properties sold at an average of $157,960 last month. With the spring selling season in view, Ellenwood GA home selling prices are once again trending upward, and the average price of new offerings coming on the market was about $135,170 in January.

If you are thinking about buying or selling real estate in Ellenwood GA, consider these current trends. Perhaps it's time to get off the fence and make your move.

But first, begin by getting expert help to interpret the market and get you the best results. Start right here, with Elva Branson and the Best Atlanta home sales team.

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