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2013 Oakhurst GA Real Estate Market Update for 2Q

By Kerry Lucasse |

2013 Oakhurst GA Real Estate Market Update for 2Q

If you haven’t figured it out already, the Oakhurst GA real estate market is one of the hottest in town.   Thanks to a great location, historic homes, dozens of annual festivals and of course the top notch City of Decatur schools – many homes are selling before they put the “for sale” sign in the yard.    It’s no surprise that we have some GREAT news to report about the real estate market and home values in Oakhurst.   If you think this Decatur neighborhood might be the perfect neighborhood for you, view all the Oakhurst GA homes for sale.

 

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Oakhurst Home Sales Report for 2Q 2013

Oakhurst GA real estate marketApril 1, 2013 – June 30, 2013 (2nd Quarter)

Single Family Homes in Oakhurst | Decatur, GA | 30030

Oakhurst GA real estate market data extracted by Kerry Lucasse from the FMLS on 07/8/2013.  Information may change without notice and data is deemed reliable, but not guaranteed.

 

OAKHURST HOME SALES

The number of homes sold in Oakhurst was down from the same time last year (33 vs 25 homes sold), but that number in the multiple listing system (FMLS) may be low, as several homes sold BEFORE they even hit the market and were listed in the FMLS. Even if the number down the demand for homes is way up. If
there were more Oakhurst homes on the market — especially those under $600K — this sales for 2Q would double.

 

HOME VALUES / AVERAGE SALES PRICES

The average home sales price in Oakhurst spiked WAY up (again) from the same time last year — $400K vs $459K. This number is even higher than the peak of the real estate market in 2007 and is $75,000 higher than the City of Decatur (30030) average sales price. Go Oakhurst!

The 1Q 2013 home sales prices ranged from $275,000 to $801,000.

 

LISTING PRICE VS FINAL SALES PRICE

Oakhurst homes sold on average, at 97.6% of the asking price. This is down slightly from the 2012 average of 99.3%, but still one of the highest averages in the Intown Atlanta neighborhoods.

For those homes that were staged, marketed and most importantly, priced correctly, 56% sold at 100% or more of the asking price.

 

HOW LONG DOES IT TAKE TO SELL A HOME IN OAKHURST?

You’ve probably watched many of your neighbors homes sell in the first week or two, but you are seriously considering listing your home, you are probably curious about the average time it takes.

The good news is that if you price your Oakhurst home correctly (at fair market value), it should take less than two weeks to sell. In 2Q, 40% of the homes sold in 11 days or less. The average for the neighborhood is only 37 days, a BIG improvement over previous quarters.

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CURRENT HOMES FOR SALE IN OAKHURST

As of 7/12/2013, there are only FOUR homes on the market in Oakhurst!  Take a peek.

The inventory is so low and buyers are desperately seeking real estate in the neighborhood. The Nest Atlanta team is working with five buyers who are looking for 2 to 4 bedroom homes in Oakhurst in the $300K to $600K price range, so if you are thinking of selling your home, please let us know and we may already have a buyer for your home!

 

 

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THINKING OF SELLING YOUR HOME IN THIS YEAR?

If you would like to learn more about our home marketing and  listing services and/or get a better understanding of the current Oakhurst GA real estate market, please don’t hesitate to call us at 404.432.1844.

Learn more about our flexible listing commission plan for Atlanta home sellersMeet our buyers! One may be the perfect fit for your home.

 

Related Information

JUST LISTED  this week in Oakhurst >>

More Oakhurst Real Estate Market Updates

Oakhurst GA Real Estate & Neighborhood Guide

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Posted by:
   Kerry Lucasse  ::  Oakhurst Neighbor & Real Estate Specialist

Ian Marshall Realty ::  Nest Atlanta Real Estate Group

Call anytime @ 404.432.1844

Find Kerry Lucasse and Nest Atlanta on Google+

All information contained in this blog is deemed to be reliable but not guaranteed.   If you need real estate  assistance, the Nest Atlanta team is always available to assist you with your residential real estate needs!

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