Market Report - Union City GA - 2011 YTD Update - September 5, 2011

Real Estate Broker/Owner with The Jordon Wheeler Group GA License# 264359

Market Report - Union City GA - 2011 YTD Update - Single Family Homes - as September 5, 2011

Active Single Family Home Listings

As of today, September 5, 2011, Union City has 107 active listings ranging in price from $16,100 to $210,000.  These single family homes have an average list price of $92,165 and have been on the the market an average of 128 days.

Sold Single Family Home Listings

Year to Date single family homes sold in Union City have been 156 listings.  These sold homes were on the market an average of 81 days with an average sales price of $77,376.  The high sales price $199,900 and the low was $7,500.

Union City HUD HomeWhat's Selling in Union City?

Check out this huge HUD Home with over 2500 square feet of space on a full finished basement.  Eight total bedrooms, four full bathrooms and one half bathroom.  Asking price is $155,000.

What's Influencing the Real Estate Market in Union City?

While Union City has suffered the loss of one of major retail shopping centers in the region (Union Station Mall), the city continues to battle back and present itself as a great place for people to live.  Yesterday the city sponsored a concert featuring the Commodores to bring residents together and introduce people to the area.  Glady Night has opened another location of her popular restaurant 'Gladys' Chicken and Waffles' off of Highway 138.  Union City is attractively located less than ten minutes from Hartsfield-Jackson International Airport, and there is access to the MARTA Bus Line.

Like so much of South Fulton, Union City has been hit hard with foreclosures and downward pressure on home prices which affects the city's real estate values.  But the city still has a great location with lots of convenience and the desire to grow again.  I expect to see property values rise in the next two to three years.

 NOTE: Data is from Georgia MLS.  Information is reliable but not guarateed.

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Comments (2)

Ron Marshall
Marshall Enterprises - Saint Michael, MN
Birdhouse Builder Extraordinaire

Great market report.  I saw a similar home recently during a trashout across the street.  Inside....destroyed.

And, thanks for the numbers analysation....I would have figured it out.  But, now I have a new goal.

Sep 06, 2011 11:57 AM
Jordon Wheeler
The Jordon Wheeler Group - Fairburn, GA
J W Group Real Estate Sales and Service

Hey Ron,

Thanks for commenting!  Hate to hear when a home is destroyed, but I understand the emotional toll of a foreclosure on folks.  It's so important to have hope.

Best of success to you sir!

Sep 10, 2011 05:06 PM