Friday, November 18, 2011

Real Estate Friday

While we still have not seen an upturn in the price of housing in the greater Atlanta area, we are seeing signs that the market has stabilized, and perhaps even bottomed out (we won't know the latter until after the fact).  
There are currently 114 active single-family listings in Dunwoody (zip codes 3038, 30360, 30350), with 32 homes under contract.  That ratio of less than 4-to-1 is the best we've seen in sometime (more than three years).
Since the start of October, 22 homes have sold - again a very good number compared to active listings.  The median average sales price is $325,000, with the highest price $758,000 and the lowest $139,900.
To view any active listing (including photos), click on the Buyer's Report link below.  To view a list of all the active listings, click on the CMA Line Report.  To view the sales price of the 22 homes that have sold since the start of October, click the Sold Homes link. 

Buyer's Report
CMA Line Report
Sold Homes

If you have interest in any of the homes currently listed for sale, please give me a call at 404-644-5220 or email me at  I'll be happy to set up a viewing.

Latest Mortgage News

The average rate for a conventional 30-year fixed rate mortgage (FRM) reached a record low, according to Freddie Mac's Primary Mortgage Market Survey. For the first time in history, the 30-year FRM dropped below four percent, averaging 3.94 percent for the week ending October 6, 2011. That's a 0.33 percent difference from last year's average of 4.27 for the same week in October. The 15-year fixed-rate mortgage—one of the most popular options for refinancing—fell to 3.26 percent, the lowest level on record.

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