Ormewood Park Market Report
Spring 2019 (April 1 – June 30) | Atlanta, GA 30316
Welcome back to the latest edition of the Ormewood Park real estate market and home sales update. This Spring selling season didn’t perform quite as well as the previous year, but as you’ll see below, the savvy home sellers (and their agents) still had some big successes. For those that priced the home correctly when it was first listed and also made sure that it was ‘showroom ready’ for potential buyers still received multiple offers and sold in the first week.
If you are thinking of buying or selling a home in the next year, please make sure you have a solid understanding of the current market, as it’s constantly changing! If we can be of any help along the way, the Urban Nest agents would be honored to answer any questions you may have. Contact us anytime.
Ormewood Park Real Estate Market Overview
A total of 27 single-family homes sold in 2018. This is down by more than 20% from the previous year, as housing inventory levels decline and affordability issues grow with many potential home buyers.
Home prices in Ormewood remained fairly consistent compared to Spring of 2018. There was a small dip (1.2%) in the average sales price, going from $400,643 to $395,411 this Spring.
* Home prices ranged from $230,000 to $699,900 in 2Q 2019
* The median sales price was $364,900
See all the Ormewood Park homes that sold at the bottom of this report…
HOW LONG DID IT TAKE TO SELL A HOME THIS SPRING?
Ormewood Park real estate listings took quite a bit longer to sell — 37 days (average) and 17 days (median). That’s 3x LONGER than last Spring when the median number of days on the market was just 5 days.
On a good note, 30% of the homes sold in the FIRST WEEK!
ARE BUYERS STILL PAYING TOP DOLLAR?
The best answer is… sometimes. In the Spring of 2018, the average Ormewood Park home sold at 100% of the asking price. This year, buyers were negotiating about 6.7% off the asking price, so the average home sold at 93.3% of the listing price. 40% of the homes sold at 100% or more of the asking price.
Thinking of selling your home but want to ensure that you not only sell quickly, you also get top dollar for your home?
Please call us to get an understanding of how we can help make your home shine online and off and (hopefully!) have potential home buyers lined up to see your home as soon as it is listed.
Call anytime with your questions! 404-432-1844.
Current Ormewood Park Homes for Sale[showcaseidx shortcode encountered an error]
Recently Sold Homes in Ormewood Park
4/1/2019 to 6/30/2019 || Single Family Home Sales || Atlanta, GA
|1006||Berne St SE||2||2||$370,000||$357,000||10|
Please note that the Ormewood Park real estate market data was extracted from the Atlanta FMLS on 7/21/2019 and interpreted by Kerry Lucasse with the Urban Nest Real Estate Group at EXP Realty LLC. Information is deemed reliable but not guaranteed and subject to change. If you would like a complete copy of the most recent home sales in Kirkwood Atlanta – including listing photos and property details – please leave a message for Kerry at 404-205-8800 and she would be happy to email you a copy of the report.