Market Report - Fairburn 30213 Single Family Homes - 2010 vs. 2011
Closed Sales year to date are up 4.38% for single family properties in Fairburn GA when comparing 2010 versus 2011. This is good news for Fairburn and shows that buyers are increasingly interested in Fairburn real estate. Fairburn continues to be a great destination in metro Atlanta with close proximity to Interstate 85 and Hartsfield Jackson International Airport. Schools continue to improve in the area as well making Fairburn single family homes desirable for buyers with children.
Market Report - Fairburn 30213 Single Family Homes - 2010 vs. 2011
Conversely closed sales volume year to date is down by 4.39% for single family properties in Fairburn GA when comparing 2010 versus 2011. So we are selling more homes in Fairburn, but there is still a problem with price appreciation. This continues to be great news for buyers, and I suspect we have a few years to go before we see the prices (hence values) increase with a pace similar to the number of sales.
Market Report - Fairburn 30213 Single Family Homes - 2010 vs. 2011
The average sales price is also slightly lower for 2011 versus 2010 for Fairburn Single Family Homes. Year to date 2010 average sales price was $117,128 and the current year to date average is $107,278 - almost a $10,000 difference. That is a difference because what you bought in 2010 is selling for an average of $10,000 less in 2011.
Market Report - Fairburn 30213 Single Family Homes - 2010 vs. 2011
Another bright spot in the Fairburn real estate market are Pending Sales of single family homes. These numbers are up a whopping 18% from this time last year compared with this time year to date 2011. Buyers are continuing to take advantage of the real estate market in Fairburn GA, recognizing the great values out there. Short sales and longer periods for loan approval underline to growth in the volume of Pending Sales.
For more information about the Fairburn real estate market, call 404 246 3210 or 404 923 4210. We assist buyers and sellers in Fairburn.
NOTE: All data from GA MLS. Information deemed reliable but not guaranteed.
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