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Grant Park Atlanta Real Estate Market Update 2012

By Kerry Lucasse |

 

Grant Park Real Estate Market Update for 2012

So how’s the market?  We have some good news to report for the Grant Park Atlanta real estate market this year.  Thanks so the historic charm and one of Atlanta’s finest public parks, the demand for housing has remained fairly stable.  It’s the perfect neighborhood for those who want to live near Downtown Atlanta, walk to local restaurants and festivals and enjoy having neighbors with big personalities and different backgrounds.  If you are thinking of making the move to Historic Grant Park, you can click here to view all of the Grant Park  homes for sale.

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Grant Park Atlanta real estate market update for 2012.Grant Park Home Sales Report for 2012

Single Family Homes Sold in Grant Park | Atlanta, GA | 30307

Data extracted by Kerry Lucasse from the Atlanta FMLS on 01/14/2013.  Information may change without notice and data is deemed reliable, but not guaranteed.

 

HOME SALES

Again, record breaking number of Grant Park homes sold in 2012!  Home sales were up 57% from 2011 (75 vs 116) and up ………….(96 vs 116)

 

HOME VALUES / AVERAGE SALES PRICES

AVERAGE SALES PRICE: When evaluating the average home sales price, the sales figures weren’t as cut and dry.  We are getting closer to the average in 2008 ($256K vs $266K), but the highest average sales price in the last five years was actually in 2010 ($274K).  The 2010 data could have been impacted by several factors including the government sponsored first time home buyer incentive (2009 – 2010), lowering interest rates and a higher level of new construction Craftsman home foreclosures (i.e. homes that were priced at $400K in 2007 were selling at $275K in 2010).

 

LISTING PRICE VS FINAL SALES PRICE

In 2012 we are right on par with 2008 at 93.02%.  Don’t let that number fool you because homes that were priced at or slightly below fair market value generated bidding wars and 29% of the homes sold for OVER the listing price! 

** Please note that we are comparing the original listing price (not any price reductions) to the final sales price.

 

HOW LONG DOES IT TAKE TO SELL A HOME?

If you are thinking of selling your home, the most homeowners want to know “how long will it take to sell my house?” or how many days can we expect it to be on the market.    If you price your home correctly (at fair market value), it should take less than 30 days to sell in the current market.

The time it takes to sell a home in Grant Park is the lowest it’s been in five years! Since 2008, the total number of days on the market (DOM) ranged from 113 to 135 and in 2012, homes were selling in 106 days on average.

Please note that homes that were priced well sold VERY quickly. Almost 30% of the Grant Park homes sold in LESS THAN TWO WEEKS.

 

 

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THINKING OF SELLING YOUR HOME IN 2013?

If you would like to learn more about our home marketing and  listing services and/or get a better understanding of the current market value of your Grant Park home, 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  Homes for Sale  in Grant Park >>

Grant Park Atlanta Real Estate Guide >>

 

 


Posted by:
   Kerry Lucasse  

Your Grant Park Atlanta 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, we are always available to assist you with your residential real estate needs!

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