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November 2011 Real Estate Market Update for Oakhurst Decatur
Oakhurst | Decatur, GA | 30030 | Data extracted from the Atlanta FMLS 11/01/2011 to 11/31/2011
Single Family Homes Sold in Oakhurst
The number of Oakhurst Decatur homes sold was down from the same time last year, but the time to sell a home went from 67 days in 2010 to only 33 days in 2011! Because homes were priced closer to their fair market value, they not only sold faster, they list price to sales price ratio was much higher than the previous year (94.4% versus 96.3%).
Demand for this popular Intown Atlanta neighborhood is still strong, compared to other nearby neighborhoods and thankfully, the CIty of Decatur (including Oakhurst) haven't been hit as hard by short sales and foreclosures.
If you are thinking of buying a home, there are still some fantastic homes for sale in Oakhurst -- and many are listed at prices unheard of three short years ago.
OAKHURST HOME SALES (November 2011 vs 2010)
Nov 2011 - 5 homes sold with an average sales price of $355,060
Nov 2010 - 9 homes sold with an average sales price of $336,113
UNDER CONTRACT & AVAILABLE HOMES FOR SALE IN OAKHURST
11 Oakhurst homes are under contract / pending with an average asking price of $431,000
1 Short sale available in Oakhurst
30 Oakhurst homes are currently for sale (active) with an average asking price of $467,283
New to Atlanta? Here's the scoop about Oakhurst...
Located just outside of Downtown Decatur, Oakhurst has quickly become one of Intown Atlanta's most desirable neighborhoods for young professionals and families. The active neighborhood hosts several festivals and events that bring in thousands of Atlantans each year. Events range from weekly live Jazz on the lawn in the Fall to the Oakhurst Arts Festival, Wine Crawl and special events for the children in the neighborhood.
If you are looking for excellent schools, an active neighborhood association, local eateries and pubs, and friendly neighbors, Oakhurst has it all!
What do you get for the money? The homes in Oakhurst Decatur range in style from 1920s bungalows to post-war cottages, with new Craftsman homes speckled in between. Home values range from about $220K to $675K, with the median in the mid $300s. If you are looking for a renvated 3 bedroom / 2 bathroom bungalow, expect to pay about $320K to $360K.
In & Around Atlanta Real Estate Blog - Copyright 2006 - 2013 by Kerry Lucasse and the Nest Atlanta team with Ian Marshall Realty - Intown Atlanta. All information contained in this blog is deemed to be reliable but not guaranteed. If you need assistance with Intown Atlanta real estate, Kerry Lucasse and the Nest Atlanta Real Estate Group are always available to assist you with your residential real estate needs!
Ian Marshall Realty :: 303 Perimeter Center North :: Atlanta, GA 30346 :: 404.281.6350
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.