South Fulton - Fariburn 30213 - Single Family Homes - Market Report for 2013
The 2013 real estate market for single family homes in Fairburn 30213 was quite remarkable. Fairburn saw lots of new construction in throughout 2013 in existing subdivisions where activity had stopped during the down turn of 2009. As a result of the new construction, average home prices shot up dramatically.
Search Single Family Homes in Fairburn 30213
The average home price for a single family home in Fairburn 30213 in January was around $99,000. In Deember the average home price was $153,000. That is a 54% increase from the beginning of 2013 to the end of 2013. And while we may see a slight dip in the average single family home price as we work through the beginning of Winter, I fully expect the average home price for single family homes in Fairburn 30213 will continue to increase in 2014.
Again it is new construction that is pushing the increase in single family home prices in Fairburn 30213. The jump is good news for resales in those subdivisions where the construction is happening because the homeowners will have comparables to use in the event they decide to list their home for sale.
Still there may be some gap between what homeoners originally paid for their homes and what the appraised value, but the available new construction comps will help to close the gaps and in some situations eliminate the gap and give the homeowner a check back at the end of closing. Also it depends on how the homeowner has handled their mortgage payments.
Active listings of single family homes in Fairburn 30213 consistently averaged around 210 listings per month during 2013. In April of 2013 there was a high of 232 single family homes in active inventory while in October of 2013 there was a low of 196 single family homes in active inventory.
The days on market fluctuated throughout 2013 from a low of 90 in July to a high of 132 in May of 2013. On average single family homes in Fairburn 30213 were on the market for 110 days in 2013 before going under contract. This number trends slightly lower in the last three months of 2013.
Whether you are looking to buy in Durham Lakes located south of downtown Fairburn or in the Cedar Grove area just a few miles north and west of downtown Fairburn, please give our office a call at (404) 418-8092. We will be happy to assist you with buying or selling in Fairburn 30213.
NOTE: All information is deemed reliable but not guaranteed. Data source is Georgia MLS.
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