Fairburn (30213) Real Estate Update - March 2011 - Average Sales Price
The Average Sales Price for a single family home in Fairburn in March 2011 was $84,765. This number represents a 31% decrease from 2010 to 2011. The first quarter results for Fairburn single family homes are also down by 8.8%. With sales volume decreasing so significant, the recovery in home values may take a little longer than most of us hope for. As you might expect the Total Sales Volume for Fairburn single family residences was also down from 2010 to 2011.
Fairburn (30213) Real Estate Update - March 2011 - Average Days on Market
The Average Days on Market for Fairburn single family homes increased by 29.7% from 2010 to 2011. The first quarter for Average Days on Market shows an overall increase of 3.5%. Fairburn homes are selling, but it is taking a little longer to get them sold. A couple of factors that point to the increase in the Average Days on Market are a) buyers taking longer to find a home that they want to buy, and b) buyers getting loan approval once they find a home. Pre approvals are happening based on credit score. However, the entire loan approval process is more complicated, and some buyers are not getting through all of the requirements. The number is seriously impacted by foreclosures that need more work than most buyers are willing to do.
Fairburn real estate is a great market and represents a lot of opportunity for buyers.
Are you interested in buying a home in Fairburn or have questions about the Fairburn real estate market? Please give us a call at 404 923 4210 or 404 246 3210. Thank you and we look forward to being of service to you!
NOTE: Data is from Georgia MLS. All information is deemed reliable but not guaranteed.
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