Subdivision Spotlight –
Spivey Glen Subdivision, Jonesboro, Georgia, 30236 – Henry County Real Estate Market
A six-month market survey of real estate activity in the Spivey Glen subdivision in Jonesboro, Georgia 30236 reveals a relatively stable sales environment. In general, homes sales and prices have been slightly down, as in many subdivisions in the south metro Atlanta real estate market. Over the past six months, Georgia MLS data shows that this small and fairly stable family-oriented subdivision has experienced 5 home sales and there are now 3 homes for sale in the community, with another 3 homes currently under contract.
The average sales price from May-to-November 2011 was approximately $91,000, with slightly less than one home sold per month, after an average of 95 days-on-market.
Highest sale price was $111,000.
The lowest sale price was $74,500.
Of the 3 homes pending settlement, the average list price of these homes is roughly $105,000. We do not know yet what the final sales price will be, but judging by the previously sold properties, we can expect it to be somewhat lower than asking price. These currently pending sales were marketed for an average of 130 days.
These numbers reveal that inventory remains high and prices remain affordable, which means that opportunity is also high for those looking for a stable and family-friendly environment with good interstate access and proximity to all amenities and services.
The way things are currently trending, buyers can expect to purchase a fine family home in this sought-after subdivision at a significant bargain compared to the prices a few short years ago. Sellers who purchased prior to the market top-out in 2007 and have not heavily refinanced during the run-up may hope to see modest gains. In this Jonesboro, Georgia, 30236 Henry County real estate market, now could be a good time to buy or to sell.
Considering buying or selling a home in this area? This market report is here to help you make a sound decision. To see this FEATURED SPIVEY GLEN HOME FOR SALE at 305 Emerald Trace, Jonesboro GA 30236, give us a call.
Want to know what your Spivey Glen subdivision home might sell for today? For information, or to get a free Comparative Market Analysis for your unique property, contact Elva Branson-Lee today.