Woodstock Real Estate Market Conditions in Cherokee County Georgia: Woodstock Georgia homes. Woodstock Georgia saw 83 homes sales in November 2007 as compared to November 2006 with 110 single family homes sold the year earlier. That is a drop in sales of 24.54% in sold homes, and a 3.9% sales price increase* for November 2007 compared to the same time period a year earlier. November was the last full month of real estate statistics for reported closed sales in First Multiple Listing Service FMLS.
As of today January 20, 2007 there are currently 902 homes for sale in Woodstock Georgia in Cherokee County. The average list price of a home for sale in Woodstock is $319,643. 72 homes in Woodstock are currently pending sale with an average list price of $222,421 and an average market time of 75 days on market.
***Months of inventory may be much larger than it appears because many new homes are not included in the MLS to avoid MLS fees.
November 2006 saw 110 homes sold with an average sales price of $222,452 - 68 Days on Market.
November 2007 saw 83 homes sold with an average sales price of $224,305 - 70 Days On Market.
That is a drop in sales for Woodstock homes of 24.54% in units sold single family homes, and a .82% increase in sales price*.
*Seller's must also realize that in spite of the prices rising modestly…the seller’s contributions to closing costs will actually net them a lower sales price.
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Interesting. Your DOM is much lower than most of the counties in my area.
The matter of seller contributions is one that will always influence the "real" numbers for sold prices. In my area, seller credits are not always reported and they are NOT included in the MLS stats.
Seems to me that when seller contributions are 2, 3, 4, 5 % of the sales price, that is significant. I've posted lists with the NET proceeds and it's much lower than the reported sales price. But, I seldom do it because it's too time consuming. It is critical in a CMA. Problem is, when it's not reported, none of the numbers are accurate.
Oh well.
Homefinders, Real Estate in MD & VA, Lenn Harley, Broker, New & Resale Homes Thanks Lenn, The DOM are very misleading. We sold a home last year that was listed twice previously...that does not show up automatically. That is also compounded that our MLS purge data...it is much worse than posted. Closing costs, and contributions are also a vague but significant cost to seller. A few years ago it was normal for the seller not to contribute to closing costs....as cash disappeared the seller had to pay closing costs. The buyers also had other request for funds...repairs, upgrades and deferred maintenance items that needed work.