Paulding, Cobb, Douglas, GA Tri-County area ends 2012 on a high note
Real estate market data for Paulding, Cobb, Douglas, Georgia Counties provided by Pete Baranowsky, Jr of The Castle Team at Maximum One Realty
2012 ends the year of real estate recovery on a high note for the Tri-County area. According to FMLS, for the month ending on December 31, 2012, each of the three counties ended 2012 with a increase in sales and Median Sales Price over December 2011
Paulding 127% increase in Median Sales price from $81,750 in 2011 to $104,000 in 2012 with 2,184 sales
Cobb 138% increase in Median Sales price from $130,000 in 2011 to $180,000 in 2012 with 7,932 sales
Douglas 182% increase in Median Sales price from $73,000 in 2011 to $133,000 in 2012 with 1,625 sales
With 2012’s figures fully reported, The Castle Team created a 3-year Annual Comparison of detached single-family home median sales price in the Tri-County area using FMLS data.
2012 out-performed the prior two years both units sold and in median price. “With 11,741 units sold in 2012 and an average median price $4,950 higher than 2011, the future of the Tri-County real estate industry is bright,”
The monthly supply of housing, according to the FMLS, now stands at 3 months. The market is getting stronger, more sales are occurring, competition is returning back to the market, and all of this is positive news for homeowners in the Tri-County area.
*All information above retrieved from the FMLS.