Inn at Sea Island, The
appen grocery
Northside Oral Surgery
appen dec 2010 Duplicate

North Fulton home sales end year on strong note

(click for larger version)
January 13, 2014
It is that time of year where we tend to look forward, making predictions on what will happen in the coming months.

It's also valuable to look back at this time to see where we have been and how things have improved or in the case of years past, how things have declined.

There is no surprise here that real estate values in our area have improved, but the amount of improvement is very encouraging.

Comparing home sales data for the fourth quarter of 2013 to 2012, you can see the number of sales was basically flat, but asking prices were up 6 percent. Higher asking prices typically lead to higher sales prices and that bore out as well.

The average list price (asking price when a property went under contract) was up 7 percent and average sales price was up 8 percent from one year ago.

When you have sales prices rise at a higher rate than asking prices, it means properties are selling closer to asking price.

Low inventory helps with that.

Homes were taking 40 percent less time to sell on average and, while it isn't reflected in the chart above, North Fulton had approximately four months of inventory at the end of 2012 compared to three months at the end of last year.

Next week, I'll share the sales data for Forsyth County.

list visuals View images.
Bob Strader is a local realtor with the NORTH Group of Keller Williams Realty. Visit his blogs or or email him:
emailEmail Link

Tags: Business News, Government & News & Crime

When posting feedback please be respectful. Be nice. :
* required value
Your Name*


Email (not shown on website)*



Identify the animal

Coldwell Banker
Real Estate Services


October 01, 2014 | 03:57 PM
Need to get your North Fulton »
Garage Sale

Huge Neighborhood Garage

September 30, 2014 | 02:49 PM
DeerLake Subdivision 50+ »
Real Estate Services

Home Listing Specialist

September 29, 2014 | 02:49 PM
Advanced Home Marketing equals »

Beverage Depot
appen dec 2010