We Realtors are asked fairly often “”how the market is””. Of course, it’s a loaded question… and to truly answer the question, one really needs to identify a specific sub-market. As I’ve alluded to earlier, the market for 4-bedroom homes in Dunwoody isn’t quite the market for 1-bedroom condos in Midtown. That said, I thought it would be fun to look at the gross numbers for the four major counties (Cobb, Dekalb, Fulton and Gwinnett) that make up the Atlanta metro area.
If you’re looking for more granular information, say, what’s happening in your neighborhood or elementary school district, contact me directly and I’d be more than happy to send you the data.
According to FMLS, here are stats for the last month of complete data:
Cobb County
Single Family Homes
February 2009 313 Homes Sold, Average Sales Price of $195,000
February 2010 283 Homes Sold, Average Sales Price of $179,900
x% decrease in sales price, x% increase in sales volume
Condominiums/Townhomes
February 2009 46 Homes Sold, Average Sales Price of $174,500
February 2010 43 Homes Sold, Average Sales Price of $170,000
3% decrease in sales price, 7% increase in sales volume
Dekalb County
Single Family Homes
February 2009 316 Homes Sold, Average Sales Price of $137,950
February 2010 321 Homes Sold, Average Sales Price of $130,000
6% decrease in sales price, 1.5% increase in sales volume
Condominiums/Townhomes
February 2009 33 Homes Sold, Average Sales Price of $183,000
February 2010 23 Homes Sold, Average Sales Price of $55,000
333% decrease in sales price, 30% decrease in sales volume
Fulton County
Single Family Homes
February 2009 398 Homes Sold, Average Sales Price of $170,900
February 2010 348 Homes Sold, Average Sales Price of $203,000
19% increase in sales price, 14% decrease in sales volume
Condominiums/Townhomes
February 2009 136 Homes Sold, Average Sales Price of $173,000
February 2010 121 Homes Sold, Average Sales Price of $175,000
1% increase in sales price, 12% decrease in sales volume
Gwinnett County
Single Family Homes
February 2009 403 Homes Sold, Average Sales Price of $165,000
February 2010 408 Homes Sold, Average Sales Price of $155,000
6% decrease in sales price, 1% increase in sales volume
Condominiums/Townhomes
February 2009 14 Homes Sold, Average Sales Price of $154,000
February 2010 12 Homes Sold, Average Sales Price of $142,800
7% decrease in sales price, 14% decrease in sales volume
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