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The real estate market is changing on the north side of Atlanta...and will continue to change! In this edition, we are beginning to watch the "wholesale" category of sales. The more wholesale is introduced to an area, the more sales will result...and this will help all other sales, so it is a good thing! We will study the trends, so you don't have to! Visit www.TalkToTerry.com for a complete video and blog list!
View my October video at www.TalkToTerry.com!
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Last week I read in the Atlanta Journal that nationwide 83% of the homes sold were priced at $250K and below, while 50% of the homes sold were priced at $125K and below. The effects of the first time home buyers tax credits effect has been incredible.
In Forsyth county Ga I have helped many people purchase homes, and the number of first time home buyers in Cumming Ga is different than the National Average.
Approximately 47% of the homes sole from January to August 2009 were priced at $250K and below while 42% of the homes sales during that time period were priced from $250K to 500K (according to data from FMLS). A total of just under 90% of the homes sold were priced at $500 K and below.
Are you considering selling a home in Cumming - call John Foster and I can help you understand why this data is important in helping you get your home sold. Call John Foster with Re/max Greater Atlanta at 770 722-7010.
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With all the information out there what is really true about the housing market? Is it up or down? The statistics for your local market don't lie! If you live in Forsyth County GA here are some statistics about our local market.
In Area 221(South by McGinnis Ferry, East of GA 400, West by Chattahoochee River/Hall County Line, and North by Dawson County Line) we have on average 15.3 months worth of inventory and are averaging 83 days on the market. From January - August 2009 our inventory of homes for sale is down. Sales of homes are up too. Our area prices seem to be holding steady. While statistics still reflect that home prices are selling at prices from the year 2000, homes are still selling.
If you are looking at homes for sale Cumming, GA, please call me at 678-852-8322 or email me at jenmahota@kw.com, I would love to help you with your home search.
If you are thinking of selling your home in Forsyth County, please call me for your FREE market analysis of your home.
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