Fayette County GA Single Family Homes Market Report - NOVEMBER 2011

Fayette County GA Single Family Homes Market Report - NOVEMBER 2011

Data from the Georgia MLS reveals that the Fayette County real estate market continues to hold value relative to other counties in the 13-county metro Atlanta area.

Established as a county in 1821 on land which was ceded from the Creek Indian Nation, Fayette County is considered by locals as one of the premier suburban counties for residential real estate. Its incorporated cities at the present time are: Fayetteville, Peachtree City, Tyrone, Brooks, and Woolsey. Fayette's proximity to the Hartsfield-Jackson Atlanta International Airport is credited as the catalyst for its dynamic growth that began more than three decades ago, transforming it from a rural outpost to a prime metro Atlanta location for desired bedroom communities, especially attractive to those seeking large lot developments and country charm.

If you are thinking of buying or selling a single family residential property in Fayette County, Georgia now, this information may help you make an informed decision.

There are currently 861 homes for sale in Fayette County Georgia with an average list price of roughly $299,000. The vast majority of available properties fall between the prices of $150,000 to $550,000 and the average days the current inventory has been marketed is 142 days.

Additionally there are 153 properties currently under contract and pending sale, for an average price of roughly $235,000. The actual prices range between an amazing $19,900 foreclosure property to a $850,000 property on the high end.

If you are planning to buy or sell in Fayette County now, the next figures will be of particular interest, for these reflect the actual value that home buyers attach to Fayette County homes for sale over the past six months.

A total of 647 sold in Fayette County from May 2011 to November 2011, after an average marketing time of 111 days, and for an average price of roughly $229,000. The lowest sale price during this period was an incredible $8000, and the highest priced property sold for $1.35 million.

For more information on single family homes for sale in Fayette County GA, or to get a free Competitive Market Analysis for your unique Fayette County property, contact us today.