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Virginia Highland Real Estate Market Update – 3Q 2012

By Kerry Lucasse |

 

Virginia Highland Real Estate Market Update – 3Q 2012


Virginia Highland real estate for saleIt’s been a bumpy road for 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 quality homes are selling in less than 30 days.  
Get the full scoop on the current Virginia Highland real estate market below…

 

To your right you’ll find a quick summary of the Virginia Highland home sales activity for 3rd Quarter (July-Sept) of 2012, as compared to the same time period for the last five years.   The graphs may not “WOW” you, but wait until you read the updates below…

 

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VIRGINIA HIGHLAND REAL ESTATE HIGHLIGHTS

07/01/2012 through 09/30/2012

Data extracted by Kerry Lucasse  from the Atlanta First MLS

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*  The average home sales price is UP 18% from the same time last year and is exactly the sale as the average sales price in 3Q 2008 ($564K)

 

* Homes are selling in HALF THE TIME on average, as compared to the same time last year.

 

* 28% of the homes sold were under contract in less than ONE WEEK.

 

* Homes are selling at or very close to the listing price – 96.5% on average.  It’s the highest average in the last 5 years.

 

*  Almost 25% of the Virginia Highland homes sold for FULL PRICE or slightly higher!    We would love to shout this statistic from the rooftops!   Thanks to a short supply of quality homes and sellers pricing their home correctly on the day that it is listed, buyers are coming out of the woodwork and submitting offers the first day the home is listed.

 

 

THINKING OF SELLING YOUR HOME?

If you talk to anyone who is trying to buy a home under $650K in the Virginia Highland / Morningside area, they are sure to talk your ear off about the limited supply of quality homes for sale (especially 1920s bungalows and English Tudors), dramatic  bidding wars, and homes selling before they are officially listed in the Atlanta MLS.

If you consider the current demand and the fact that 25% of the Virginia Highland homes sold for at least 100% of the listing price and 28% sold in less than a week, it may be a good time for you to list and sell your home!

After selling 15 homes in a row with multiple offers, I will tell you that there is an art to creating 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 | Virginia Highland Real Estate Specialist | 404.432.1844. 

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Virginia Highland real estate listingsVIRGINIA HIGHLAND HOMES SOLD

VAHI Homes sold in August 2012

Homes sold in July 2012

Home sales in June 2012

CURRENT HOMES FOR SALE

Virginia Highland homes for sale

Townhomes for sale in VAHI

 

POSTED BY:

Kerry Lucasse | Home Marketing Specialist |  Team Leader for the Nest Atlanta Real Estate Group | inVAHI.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 10/04/2012.  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 Virginia Highland real estate, Kerry Lucasse and the Nest Atlanta Real Estate Group are always available to assist you with your residential real estate needs!

 

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