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Oakhurst GA Real Estate Market Update – Last 90 Days

By Kerry Lucasse |

 

Oakhurst GA Real Estate Market Update (July-Sept)

Home Sales in Oakhurst GA
It’s been a bumpy road for Intown Atlanta real estate, but many homeowners are starting to breathe a sigh of relief, as home values start to increase, bidding wars are commonplace, and many homes are selling in less than 30 days.

 

To give you an idea of how the Oakhurst Decatur market is faring, we created a quick market update of the Oakhurst home sales activity for the 3rd Quarter  of 2012 (July 1 to September 30) and compared that same time period for the last five years.   The graphs many not look that exciting at first glance, but want until you read some of the real estate statistics below!

 

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OAKHURST GA REAL ESTATE UPDATE

07/01/2012 through 09/30/2012

Data extracted by Kerry Lucasse  from the First Multiple Listing Service

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Home values in Oakhurst, Decatur GA

Average home sales price is UP 10.4% from the same time last year and a whopping 26.9% from 3Q 2010

Just in case you’re curious, the average home sales price for last quarter was $397,894 — that’s the highest in at least 5 years.

 

Homes are selling in almost HALF THE TIME 

On average, Oakhurst homes are selling in 56 days, as comparted to 109 in 3Q 2011.    We are actually experiencing the LOWEST number of time on the market in over five years!

Almost 50% of the homes sold were under contract in less than 15 DAYS.

 

FULL PRICE home sales

This is the best real estate statistic in Atlanta right now — Oakhurst homes sold (on average) at 104.5% of the listing price!    That’s a huge spike from previous years and tells us that our cute little neighborhood is hot, hot, hot.

Of the 24 homes that sold in 3rd quarter, just over 30% sold for FULL price or slightly higher.

 

Home sales statistics for Oakhurst GA 2012

 

THINKING OF SELLING YOUR HOME?

Oakhurst home sales, 830 Oakview Decatur 30030If you talk to anyone who is trying to buy a home in the City of Decatur or oh-so-popular Oakhurst neighborhood, they are sure to talk your ear off about the limited supply of quality homes for sale (especially 1920s bungalows and historic homes), extreme  bidding wars, and homes selling the day they are listed — or sometimes even before they are officially listed in the Atlanta Multiple Listing System.  If you consider the current demand and the fact that 30% of the homes in Oakhurst sold for at least 100% of the listing price and 50% sold in less than 15 days, it may be a good time for you to list and sell your home!

 

After selling 15 homes in a row with multiple offers (yes 15 homes!), I will tell you that there is an art to generating demand for a home and a sense of urgency with potential buyers.  If you would like to learn more about how we market and sell our listings, please call anytime.

 

Kerry Lucasse | Home Marketing Specialist |  inOakhurstGA.com | 404.432.1844. 

 

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RELATED LINKS

More Oakhurst GA real estate reports

See how other Intown Atlanta neighborhoods stacked up in 3Q 2012 – View more n’hood market updates

Oakhurst GA Real Estate Guide – including “Just Listed” homes for sale, foreclosures and annual events

NEW!  Check out our new inDecaturGA.com website

 

POSTED BY:

Kerry Lucasse | Oakhurst Home Marketing Specialist |  Team Leader for the Nest Atlanta Real Estate Group | inOakhurstGA.com

404.432.1844 (c) | 404.281.6350 (b) | Ian Marshall Realty – Intown office

 

All the home sales data was extracted by Kerry Lucasse from the Atlanta First Multiple Listing System (FMLS) on 10/09/2012.  Information deemed to be reliable but not guaranteed.   The Nest Atlanta Real Estate Blog  - Copyright 2006 – 2013 by Kerry Lucasse and the Nest Atlanta team with Ian Marshall Realty – Intown Atlanta.   If you need assistance with City of Decatur / Oakhurst real estate, Kerry Lucasse and the Nest Atlanta Real Estate Group are always available to assist you with your residential real estate needs!

 

Atlanta Real Estate News & Events

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