Saturday, December 17, 2011

Real Estate Update

My newest listing in Dunwoody North.  This is a wonderful opportunity for a first-time homebuyer or seniors seeking stepless living.  For complete details, click on the photo above.
As we approach Christmas Day, all signs point towards a real estate market that has either hit the bottom or is very close.  For homes priced at $100,000 or less in the metro Atlanta area, the market has already shifted from a buyers' market to a sellers' market.  There are less than 6 months supply of homes in this category (which means that if not a single new listing came on the market, it would take 6 months to sell all the existing inventory).  Another great sign is that jobless claims are at their lowest level since the spring of 2009.  Naturally, the real estate market goes hand-in-hand with the jobs market. There are currently 105 active listings in Dunwoody in the 30338, 30360 and 30350 zip codes with another 30 homes under contract.  In the past 30 days, 20 homes have sold.  The median average listing price is $335,000.  The median sales price is $294,500. 
To view any active listing with photos, click on the first link below.  To view all active listings in a line item report, click the second link.

No comments: