About Henry County, GA

Stockbridge McDonough Locust Hampton Ellenwood

Grove

Avg $62,215 $121,969 $129,714 $111,082 $78,960

Price

Avg Days

On Mkt 100 77 88 109 36

Units

Sold 53 88 25 25 5

Home sales were down overall 19.5% vs. December, 2011. Every category of home sale was down or even.

Home sales were up in January, 2012 45% over January, 2011. Every category was up or even except $300,000 to $500,000, which was down 33%.

Only one home was sold in December, 2011 and January, 2012 in the price category of $500,000 and up. There were none sold in January, 2011 in the same price range.

Stats based on Georgia MultiList Service sales on homes from $100,000 to $5,000,000.

I have been tracking sales in Henry County for several years. If you would like information on any particular price range, please contact me.

Total Sales Avg Sale Price Avg Days on Mkt

Stockbridge 58 $ 88,077 91

McDonough 94 $127,092 79

Locust Grove 30 $ 86,370 58

Hampton 31 $113,717 80

Some notable items noted when comparing resale home sales December, 2010 vs. December, 2011:

Total homes sold up 11.5% over 2010.

Home sales per category:

$100,000-$200,000 up 10.7% over 2010.

$200,000-$300,000 up 27.7% over 2010.

$300,000-$500,000 down 25% over 2010.

$500,000-$800,000 was up (1 2011 vs. 0 in 2010)

$800,000-$1,000,000 was unchanged.

$1,000,000 plus was unchanged.

Inventory for resales in the $100,000 to $1,000,000 + categories was down 35.1% over 2010.

Sales in the over $500,000 ranges is practically nonexistent.

If you would like more information on a particular price range, please contact me.

Market Report – Henry County GA Foreclosures Outpacing Neighbors

The Henry County Georgia real estate market was recently known as one of the fasted growing and most sought-after locations for Georgia home buyers. For those still seeking to purchase in Henry County and take advantage of the excellent school district, there may soon be another wave of Henry County short sale and Henry County bank-owned properties up for grabs at an average sale price of $111,202.

The latest Realty Trac report shows that the Henry County real estate market had 2472 foreclosure filings in November 2011. That’s 1 in every 196 houses compared to the national number of 1 in every 579 U. S. housing units that had a foreclosure filing in November. The state of Georgia’s foreclosure activity spiked 23% in that same period, reflecting the 5^th highest foreclosure rate in the nation. And Henry County is among the hardest hit counties within the Atlanta Metro.

These indicators suggest that the Henry County GA real estate market may be in for another big wave of new short sale and foreclosure sale inventory coming available in the near future.

One of the best things about the holiday season is that the pace of Georgia foreclosures tend to slow down this time of year. This year seems to be following suit, and that is a good thing. No one wants to think about neighbors losing their homes during the holidays.

But this slowdown has usually been temporary, with notices going out again early in the new year. This year will be no exception, according to industry predictors. In fact, the latest Realty Trac report projects that a new wave of foreclosures will be rolling onto the market in early 2012 as bank-owned property resales or short sales.