Fairburn, GA

Fairburn GA - Single Family Homes Off to a Mixed Start in 2012

For the single family real estate market in Fairburn GA, there is good and there is bad for the month of January. First the bad - the average sales price took another dip when comparing 2012 to 2011. The Average Sales Price for January 2012 was $102,182, and for January 2011 it was $139,691 - down a whopping 26.9%. I was honestly hopeful that this number would go up in light of the new construction in the city, but the distressed sales won out. So single family homeowners in Fairburn GA continue to lose equity in their properties. New foreclosures were down, and the coming months should reflect the positive trend we need in the average sales price of single family homes in Fairburn, GA.

The good news is that single family homes are selling in Fairburn, GA. During January, Closed Sales were up 11.5%. I expect to continue to see a boost in the number of Closed Sales because Fairburn, GA continues to offer buyers great bargains on single family properties. Pending sales are also slightly up and point to improvement in the Fairburn GA single family homes real estate market.

Interested in buying or selling in Fairburn, GA or South Fulton? Please give us a call at 404 923 4210 or call me directly at 404 246 3210. Thank you!

Fairburn 30213 - Five Year Review - Single Family Homes

In this report, we are taking a look at the Fairburn 30213 real estate market from 2007 to 2011. The data was compiled using Georgia MLS. The Fairburn 30213 real estate market has had some bright spots over the past five years but still has significant room for growth in its home values. And it is not so much an improvement via growth but more of an improvement where lost value is being restored to homeowners.

The weird thing is even in the midst of growing foreclosures in 2009, buyers were still entering into the new construction homes which helped to boost the average sales price. The data suggests that 2010 was somewhat of a bottom in the Fairburn real estate market. However, the 2011 numbers point to another drop in values via the average sales price of a single family home. Here are the numbers in four categories:

Number of Homes Sold

The number of homes sold from 2007 to 2011 points to tremendous growth for 2007 through 2009 - about 42% growth over a three year period. Then in 2010 there is almost a 50% drop in growth of single family homes sold in Fairburn. This huge drop points to the problems with credit and liquidity that has impacted the housing market in general - definitely some markets more than others.

The growth trend seen from 2010 to 2011 points to positive progress for Fairburn. The 9% positive growth is good for the economy of Fairburn. 2012 is starting off as a year with good opportunity for the Fairburn single family real estate market to see more progress in the number of homes sold.

Closed Sales Volume

The dollar volume of closed sales for single family homes in Fairburn start to decrease before the number of closed sales. Buyers took advantage of great prices during the Federal Tax Credit for First Time Home Buyers and at the same prices were dropping to alleviate pending inventory. The 9% drop from the high in 2008 to the 2009 numbers put the writing on wall. And the value of single family homes continues to take a beating even in 2011, but the trend is a smoothing out so Fairburn knows the bottom has been reached.

Average Sales Price

Even more startling is the downward push on the average sales price over the last five years for single family homes in the Fairburn real estate market. During 2011 there were months where it looked like the trend was pointed towards more recovery. But the overall for each year shows there is much work to improve values in Fairburn. Hopefully 2012 is the year where Fairburn real estate sees either a flat result or upward trend for the average sales price.

Average Days on Market

Getting shorter each year over the last three years. Good properties will not be on the market very long, and there is often competition for the great prices on single family homes in Fairburn.

Fabulous Fairburn GA HUD Home - 8315 Milam Loop - $85,000 - over 2800 square feet of space!

You got it! For $100 Down, get five bedrooms and three full bathrooms and one half bathroom in this fab Fairburn HUD Home! Call 404 246 3210 for more information about Fairburn GA HUD Homes.

This fabulous Fairburn GA HUD Home has some minor repairs. But not to worry because the cost can be added to your mortgage using the FHA 203b repair financing for your fabulous Fairburn HUD Home. Call 404 246 3210 for more information about Fairburn GA HUD Homes.

Only minutes from I 85 this fabulous Fairburn GA HUD Home is located close to everything and only a 15 minute drive to downtown Atlanta. Call 404 246 3210 for more information about this Fairburn GA HUD Home.

Check out more HUD Homes at www.hudhomestore.com and give us a call!

We are your Fairburn GA Certified HUD Selling Brokers!

Fairburn GA HUD Home - 3423 Ebb Circle - Over 3200 Sq Ft - $79,500

Where in the world can you find this much space for this price? In Fairburn GA of course!

This Fairburn GA HUD home was built in 2008 and has six bedrooms and four full bathrooms.

Run, don't walk and get this Fariburn GA HUD Home NOW!!!

And use the HUD $100 Down Program to buy this Fairburn GA HUD Home.

The repairs on this Fairburn GA HUD Home are listed at $4400 and are detailed below.

Don't worry! Use the FHA 203b Financing to get your repairs done on this Fairburn GA HUD Home!

For more information on HUD Homes in Fairburn GA, please call 404 246 3210 or 404 923 4210. Thank you! Or go to www.hudhomestore.com.

Market Report - Fairburn 30213 Single Family Homes - 2010 vs. 2011

Closed Sales year to date are up 4.38% for single family properties in Fairburn GA when comparing 2010 versus 2011. This is good news for Fairburn and shows that buyers are increasingly interested in Fairburn real estate. Fairburn continues to be a great destination in metro Atlanta with close proximity to Interstate 85 and Hartsfield Jackson International Airport. Schools continue to improve in the area as well making Fairburn single family homes desirable for buyers with children.

Market Report - Fairburn 30213 Single Family Homes - 2010 vs. 2011

Conversely closed sales volume year to date is down by 4.39% for single family properties in Fairburn GA when comparing 2010 versus 2011. So we are selling more homes in Fairburn, but there is still a problem with price appreciation. This continues to be great news for buyers, and I suspect we have a few years to go before we see the prices (hence values) increase with a pace similar to the number of sales.

Market Report - Fairburn 30213 Single Family Homes - 2010 vs. 2011

The average sales price is also slightly lower for 2011 versus 2010 for Fairburn Single Family Homes. Year to date 2010 average sales price was $117,128 and the current year to date average is $107,278 - almost a $10,000 difference. That is a difference because what you bought in 2010 is selling for an average of $10,000 less in 2011.

Market Report - Fairburn 30213 Single Family Homes - 2010 vs. 2011

Another bright spot in the Fairburn real estate market are Pending Sales of single family homes. These numbers are up a whopping 18% from this time last year compared with this time year to date 2011. Buyers are continuing to take advantage of the real estate market in Fairburn GA, recognizing the great values out there. Short sales and longer periods for loan approval underline to growth in the volume of Pending Sales.

For more information about the Fairburn real estate market, call 404 246 3210 or 404 923 4210. We assist buyers and sellers in Fairburn.

NOTE: All data from GA MLS. Information deemed reliable but not guaranteed.