The Athens, GA real estate market is well on it's way to recovery in 2014, in my opinion.
Pocket areas still continue to be volatile, but an overall an increase in median price has been occurring over the prior 12 months.
Days On Market have also decreased overall. I've also noted that some houses that were not distressed real estate (Short Sales or post Foreclosure) have been selling recently even after extended Days on the Market. This indicates good news for those who wish to sell Athens, Ga area homes. Potential sellers who but have been waiting for the market to recover, as they see a regain in their equity in many cases are able to at least break even or make a profit now.
Although deals on post foreclosure (commonly know as REOs) homes are still available, there are fewer available, and often those that are in good condition become involved in "bidding wars" resulting in them selling above list price.
Potential Athens, GA home buyers are still able to find affordable housing, and good deals still become available often. However, the market has shifted due to a lack of iinventory in some areas & price ranges. A good financial pre-qualification letter and a well prepared offer are critical to the success of a buyer's offer.
Overall at Success Realty we are optimistic about 2014 being a year of real estate growth in the Athens, GA area.
If you have questions about a specific Athens, Ga area, subdivision, or neighborhood, please contact Michelle @ 706-207-2502, by comment below, or the contact form on the sidebar. I'd like to help you have a real estate Success Story!
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