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Kirkwood Atlanta Home Sales Report | 2Q 2013

By Kerry Lucasse |

 

Kirkwood Atlanta Home Sales Report

Kirkwood Atlanta Home Sales Report 2Q 20132Q 2013 Report

April 1, 2013 – June 30, 2013 (2nd Quarter)

Single Family Homes in Kirkwood | Atlanta, GA | 30307

 

HOME VALUES / AVERAGE SALES PRICES

Kirkwood Atlanta home sales are up slightly from the same time last year (45 vs 42 homes sold), but the number may be low, as several homes sold BEFORE they even hit the market and were not listed in the Atlanta multiple listing system (FMLS).

 

HOME VALUES / AVERAGE SALES PRICES

Hello recovery!  The average home sales price in 2Q was $261,500 — UP 32.5% from the same time last year. Yes, 32.5%!

 

We are also up 13.9% from the previous quarter and up $5,000 from second quarter of 2008, so we hope that these record-breaking numbers continue.

 

In 2Q 2013, Kirkwood Atlanta home sales prices ranged from $89,000 to $490,000.

 

LISTING PRICE VS FINAL SALES PRICE

Kirkwood homes sold on average, at 96.7% of the asking price. This down from last quarter, but the average was impacted by a few homes that were listed for more than 5 months and sold way below the listing price.

 

40% sold at 100% or more of the asking price and a large percentage sold at 1% or 2% below asking price. In the past, many Kirkwood home sellers wanted to add a little “padding” to the listing price so that they would have room for negotiation. In the current market, it is best to price at the fair market value. Not only will you sell in a reasonable amount of time, you may also have multiple offers and can sell your home at top dollar.

 

HOW LONG DOES IT TAKE TO SELL A HOME?

Last quarter homes sold almost 2x faster than 2Q 2012 (56 vs 104 days). The majority of the homes sold in less than a month and 11% of the homes took more than 200 days to sell.

 

Inventory levels remain low and demand is high and 53% of the homes in Kirkwood are selling in two weeks or less.

 

 

 

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THINKING OF SELLING YOUR HOME IN KIRKWOOD?

If you would like to learn more about our Nest Atlanta home marketing and  listing services and/or get a better understanding of the current market value of your 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 & Articles

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Nest Atlanta Real Estate Market Reports

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Posted by:
   Kerry Lucasse  ::  Your Kirkwood 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+

Data extracted by Kerry Lucasse from the Atlanta FMLS on 07/7/2013.  Information may change without notice and data is deemed reliable, but not guaranteed. If you need real estate  assistance, Kerry Lucasse and the Nest Atlanta team is always available to assist you with your residential real estate needs!

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