Atlanta Real Estate Market - Home Sales Prices August Trends
I
created a 5 year comparison chart of FMLS data to compare the average
home sales sold price of Atlanta GA
homes in the month of August to
see what is occurring. I created this average sales price
chart from the most recent sales data released today by our primary Atlanta
MLS service FMLS. As
you can see clearly in this chart - August 2007 was a peak in prices
for August for Atlanta homes
sale prices in the last 5 years. Since
the peak Atlanta has declined an average of 27% on the price of an
average Atlanta homes sale
for single family detached homes.
We have dropped from a high
average sales price of $278,871
in 2007
to the current average sales price of $203,041
in August of 2009
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Jim: that's some drop and a great piece of research and graphic. Hope you haven't suffered too much with all the flooding down there.
Matt Grohe CRS, GRI, ABR (Remax Real Estate Concepts) It is a little hard getting around town right now, but other than that we are doing fine. Thanks for asking.
Nice graphic Jim! It should be a great time for those 1st-time home buyers to snatch something at a great price. Hang in there!
Melinda Peterson ~ Real Estate Cafe
Melinda Peterson Broker Realtor® Grants Pass Southern Oregon Real Estate (Real Estate Cafe) 30 year fixed rates loans are under 5%. it is an incredible time to buy a home!
Good display Jim...I love simple colorful bar graphs to show you quickly. Not over loaded with side information and just the facts, a snapshot of the market you serve so well! Thanks! We are all up todate now!
Jim that is quite a drop. The peak in our market was the Spring of 2005. We are down around 25% which is close but over a longer period of time.
Andrew Mooers | Northern Maine Real Estate / Aroostook County Broker (MOOERS REALTY) Thanks! I am a firm beleiver that a quick visual says it all!
Bill Gassett Metrowest Massachusetts Real Estate (RE/MAX Executive Realty) The odd thing about Atlanta was that we were one of the last markets to peak...so I still think we have a ways to go.
Jim: Very nice and colorful graph that is easy to read. I am surprised at that kind of drop but it just proves that there are some great buys out there for the first time homebuyer or someone wishing to change locations, downsize or upsize. I think most of our markets still have a ways to go.
Donna Yates, Georgia Realtor North Georgia Homes, Blue Ridge Mountain (Coldwell Banker High Country Realty) With the current mortgage rates so low, it is an incredible opportunity to buy a home right now.