Home Sales Report for Ormewood Park
Atlanta, GA 30316 :: 3Q 2016
Ready for the 3Q 2016 Ormewood Park Home Sales Report? We have some great news to share! This popular Atlanta neighborhood had some of the biggest home price increases last quarter and it’s safe to say that it’s one of the highest this quarter as well. Ormewood Park home sales are up from the same time last year and we are also seeing some higher priced homes selling. See the full Ormewood Park Market Update below….
Overview of the Ormewood Park Home Sales & Real Estate Market
ORMEWOOD PARK HOMES SOLD
33 Ormewood Park homes sold in 3Q. That’s up 33% from last quarter!
At the time of this post, there are only 8 Ormewood Park homes for sale, so there is a definitely a significant housing shortage.
The average single family home sales price is $356,820. That is up $38,000 from the same time last year, a whopping 12% increase.
* Single family home prices ranged from $123,900 to $567,500 last quarter
* There were quite a few recently renovated homes that sold, but no new construction properties.
HOW QUICKLY ARE HOUSES SELLING?
Last quarter, single-family homes sold on average in 24 days. That’s about 50% faster than the same time last year.
The median # of days to sell a home in this popular Atlanta neighborhood was only 11 days. That’s a more accurate representation of the current market.
60% of the Ormewood Park homes sold in 2 weeks or LESS!
ARE BUYERS STILL WILLING TO PAY TOP DOLLAR?
Definitely! The list price to sales price percentage is 97.4%, so buyers are negotiating about 2.6% off the sales price (on average). The median percentage was 99%.
42% of the Ormewood Park homes sold at at 100% or more of the asking price.
HAVE QUESTIONS ABOUT THE ORMEWOOD PARK REAL ESTATE MARKET AND CURRENT HOME VALUES?
CALL THE URBAN NEST ATLANTA REAL ESTATE GROUP ANYTIME. WE’RE RIGHT IN THE NEIGHBORHOOD AND ALWAYS HERE TO HELP!
Text / call :: 404-205-8800
Please note: The Ormewood Park home sales and real estate data was extracted from the Atlanta FMLS on November 2, 2016 and interpreted by Kerry Lucasse with eXp Realty. All information is deemed reliable but is not warranted, as it is subject to change. If you would like the complete report of Ormewood home sales (including photos of each home sold), please text or call Kerry at 404-432-1844.