Georgia Real Estate Voice

Real Estate Market Report for Decatur GA - I was reviewing some numbers from where our Decatur GA real estate market was in June of 2009 to now, 18 months later. I often hear people say, oh, I'm waiting until spring to put my home on the market.  I think that's an outdated way of thinking.  Why?

Check out these numbers: For June 2009,  13 Homes sold ranging in price from $165,000 - $680,000.  In December of 2010 we had 28 homes sold ranging from $33,000 to $580,000.  This goes to show that homes do sell in the winter and clearly twice as many as in the summer a year and a half ago.

In June of 2009, we had 37 Homes pending sale meaning they went under contract but have not yet closed. List prices range from $21,900 - $799,000. Right now January 2011, we have 14 pending sales with list prices ranging from $84,900 to $599,900.  I think the pending numbers could be a little skewed because we are noticing that not every listing agent changes their listing to pending when it's under contract. When we call to check availability of a listing that a buyer wants to see, that becomes very apparent.

In June 2009, 4 were in the Contingency Period which means they are in their due diligence period. Now, we've got 2 in the contingency period.

Another difference we can see now is that we have 4 homes that are pending existing lender approval. That means they are Decatur short sales that are under contract, waiting on the seller's lender to approve the sale.

In June 2009, we had 194 Active Listings ranging in price from $100,000 to $1,500,000.  In January 2011,  there are 170 homes actively on the market ranging in price from $39,900 to $900,000.   This number shows a reduction in listing prices. Sellers are realizing that our Decatur GA real estate market has changed and in order to sell, they must be priced right.

To sum it up, there's a lower number of active listings, lower prices and a higher number of sold listings.    This real estate market report is for Decatur, GA 30030 zip code only and does not include condos, multi family homes or commercial real estate. It's covers single family homes only.

If you are thinking of buying or selling a home in Decatur GA, contact Jen Bowman, Broker Associate with Keller Williams Realty Atlanta Partners at 404-456-5024.

This real estate market report is for Decatur, GA 30030 zip code only and does not include condos, multi family homes or commercial real estate. It's covers single family homes only.

For June 2009:

13 Homes sold ranging in price from $165,000 - $680,000.

37 Homes are pending sale meaning they went under contract but have not yet closed. List prices range from $21,900 - $799,000.

4 are in the Contingency Period which means they are in their due diligence period and may or may not close.

There are 194 Active Listings ranging in price from $100,000 to $1,500,000.  There's something for everyone!

If you are thinking of buying or selling a home in Decatur, GA contact local expert and Realtor Jen Bowman, Broker Associate & e-PRO with Keller Williams Realty Atlanta Partners at 404-456-5024.

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Right now there are 5,467 single family homes on the market in all of Dekalb County GA ranging in price from a high of $5,837,400 all the way down to a low list price of $9,000.

In March, 386 homes sold. At that rate, it will take about 61 weeks, yes more than a year for all the homes in Dekalb County to sell if nothing else comes on the market.  This isn't doom and gloom, this is opportunity knocking.

These numbers are proof that it's a buyers market now. So, if you ever considered investing in real estate, now is a great time to be an investor. If you are a first time home buyer, take advantage of the $8,000 tax credit available for homes purchased by the end of 2009. Rates are at historic lows. Keep in mind that rates this low cannot last forever.

There are down payment assistance programs available too. Check out the following:

Info on Georgia Dream Down Payment Assistance

Info on Dekalb County's Down Payment Assistance

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If you are thinking of buying or selling a home in Dekalb County GA call someone who knows the market. Realtor and Broker Associate, Jen Bowman with Success Realty 404-456-5024.

Read more of the Georgia Real Estate Voice.

Dekalb County, GA real estate is still selling!  Dekalb County includes Decatur, Atlanta, Dunwoody, Stone Mountain, Lithonia, Scottdale, Clarkston, Avondale Estates, Doraville, Chamblee and others. 

January 1 through February 28th 2009 there were 1,862 new listings. The average list price is $261,523. There are 754 pending sales.  That means they are under contract but not yet closed. 395 Single family homes have been sold and closed. The average original list price of the homes that have sold is $196,674. The average sales price is $171,022. Homes have sold on average in Dekalb County for 94.10% of list price with as high as 97.48% of list price in some areas. The average days on market is 86.

What does this mean? It means that homes in lower price ranges are moving.  It's a great market for 1st time home buyers. For those in higher price ranges, things are a little slower. Many people buying in the higher price ranges need to sell a home first before buying the next. Homes are in all price ranges from starter homes and investment homes under $50,000 to over $5.8 million.

If you are thinking of buying or selling a home, contact Realtor and local expert Jen Bowman, Broker Associate, e-PRO with Success Realty serving the real estate needs of Decatur and Metro Atlanta, GA. 404-456-5024.