Market Statistics for Winder, Barrow County, Georgia - August

By
Real Estate Agent with GaRealtyGroup | 2ShortSaleGuys GA - 315107

We have great news to report at GaRealtyGroup | 2ShortSaleGuys in this month's market statistics for Winder, Georgia.  As many know, the real estate market took a significant hit for several years.  Many have said “the market is back” and I have the numbers to prove that although the market is NOT back, but it’s headed in a great direction.

 

Winder, Georgia is the county seat of Barrow County, Georgia.  Barrow County has approximately 70,000 residents according to the 2010 US Census.  Although Barrow County isn’t as big as nearby counties, it does encompass about 160 square miles.  Winder is continuously growing and currently undergoing a downtown renovation.  



As for real estate in Barrow County, new construction is still assisting the market as real estate is continuing to grow.  Southfork Homes and Reynolds Realty continue building new construction in about six to eight new communities.  With the opening of several new companies, such as Caterpillar in Athens off Highway 29.  Winder, Ga is going to be an area that is affordable and close to work for many.  Mike White, Human Resources Director of Caterpillar told the Athens newspaper that Caterpillar plans on hiring approximately 1,400 employees in the next five years.  If you are looking for a new career, Caterpillar may be the place for you, for more information, CLICK HERE.  

 

MARKET STATISTICS for Single Family Residence in Winder, Barrow County, Georgia

 

 

August 2012

Difference

August 2013

Average List Price

$93,998

$24,837

$118,835

Average Sales Price

$90,979

$27,119

$118.098

% of List Price

96.78%

2.59

99.37%

Average Days on Market

67

5

72

Number Sold

48

5

53

Foreclosures / Short Sales

12

(1)

11

Data pulled from GaMLS on 9/21/13

 

So to break these stats out, Winder, Ga has increased the sales average sales price by 22.9% from this time last year.  The average days on market are slightly higher, however, we attribute that due in part to USDA.  This is a type of loan that is extremely common in this area as it is one of the only 100% finance options in Barrow County.  The USDA has been extremely backlogged the last couple of months because of the number of purchases that are occurring.  If you also notice, the number of Foreclosures / Short Sales decreased slightly, this is because the average sales price is up and homeowners actually have some equity in many cases.  You can also tell the shift into a sellers market by the percentage of list price to sales price.  This time last year, sellers were getting 96.78% of what they were asking, this year, there are far less homes on the market, so it is pushing the sellers to get closer to their asking price because there is more competition between buyers and multiple offers on properties that are in good, move-in ready homes.

 

What does this mean for the average person?  If you own a home and are looking to sell, then now may be the best opportunity.  There are many more buyers than there are sellers so you are getting “Top Dollar” for your home.  We at GaRealtyGroup would love to talk to you about selling your home, giving you all the information for you to make an informed decision, all FREE and confidential.  You can click HERE to email us or call us at 678-279-5535

 

If you are looking for homes for sale in Winder, Georgia, look no further, simply click on the link HERE for the most current list of homes for sale in Winder, Georgia. Interest rates are still very low and in most cases, you will find that by purchasing a home, your mortgage amount will be LOWER than the rent you are currently paying.  To see if this is an option for you, call us today as we have mortgage lenders available to assist you and look at your specific financial situation to see what finance program best fits your needs.

 

We are also listing new properties, to follow us and see the latest homes available, you can follow us on Facebook.

 

Posted by

 

Nakia Brooks, REALTOR ®

 

Nakia@GaRealtyGroup.com

GA Realty Group | 2ShortSaleGuys
Keller Williams Realty – Lanier Partners

 

To view many great homes in North Georgia available today, CLICK HERE to start your search NOW!!!

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Georgia Barrow County Winder
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