Oakhurst GA Real Estate Market Update | 1Q 2013
The Oakhurst neighborhood is located in the City of Decatur and is one of Intown Atlanta's most popular neighborhoods -- and one of the most sought after for residential real estate, thanks to the active neighborhood association, dozens of annual events and the charming Oakhurst Village with shops, restaurants and outdoor patios. Learn more about the Oakhurst neighborhood and see all the current homes for sale.
It's no surprise that the Oakhurst GA real estate market is doing VERY well this year -- increased demand, low inventory and low, low interest rates. We do think you will be suprised at some of the recent stats from our Oakhurst home sales report...
The number of homes sold in 1st quarter is the highest in more than 6 years. It's 40% higher than the same time last year!
*** This number may actually be higher, as there were quite a few homes that sold before they were officially listed in the MLS.
AVERAGE SALES PRICE
In 1Q 2013 the average sales price for a single family home was $440,820 -- again, this is the highest in more than 6 years (possibly more). We can contribute a portion of the increase to the new construction home sales in the neighborhood.
LISTING PRICE TO FINAL SALES PRICE
This is incredible -- on average, homes sold at 99% of the asking price and almost half of the homeowners in Oakhurst received the full price or more for their home.
TIME ON MARKET
40% of the homes in Oakhurst sold in NINE days or less.
TIP FOR BUYERS
For those of you looking for a home in the Oakhurst area, be prepared to make a full price offer for Oakhurst homes as most sell for 99% to 104% of the listing price. Also, we highly recommend that you work with a local agent who can keep you updated on "Coming Soon" listings before they hit the market -- we don't want you to miss out on your dream home!
If you are considering selling your home this year and are curious about the current value, request a complimentary home valuation or learn more about the Nest Atlanta team home marketing (and selling!) services. You can also call me anytime at 404.432.1844.
Call anytime @ 404.432.1844
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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