Home : Blogs : Jim Crawford ~ Atlanta Real Estate-ABR E-PRO : Atlanta Real Estate Blog - Jim Crawford REMAX Greater Atlanta

Atlanta Real Estate Price Trends | Atlanta Single Family Homes Average Sales Price Declines in August

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

RE/MAX Greater Atlanta 770-238-0122 Direct

Or 888-992-5546 Toll Free Office

Atlanta Real Estate & Atlanta Homes for Sale

Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO on 09/23/2009 10:43 PM

Comments (10)

Atlanta Home Prices Decline - Atlanta Price Trends of Single Family Home Detached in the ActiveRain Channel

atlanta single famliy detached homes, price trends, average sales price, august home sales, prices, drop, lower prices, declines, average, sale price

Originally posted at: Atlanta Real Estate | Atlanta Housing News for Real Estate: Atlanta Real Estate Price Trends | Atlanta Single Family Homes Average Sales Price Declines in August

This post has been included in Georgia Information
Post is included in group: The Optimist
Post is included in group: The Ninety-ninth Percentile
Post is included in group: RE/MAX Active Rain Bloggers
Post is included in group: Realtors®
Post is included in group: Real Estate Rookie

10 Comments on Atlanta Real Estate Price Trends | Atlanta Single Family Homes Average Sales Price Declines in August

SEP

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

SEP

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.

SEP

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.

Leave a response…

Name:

Email:
(optional)

Comment:

What does the graphic say?