North Metro Atlanta Homes Sold Report for May 2014

By
Real Estate Agent with Keller Williams Realty Partners ~ 678.462.1191 agentandersen@gmail.com Georgia Broker 175548
https://activerain.com/droplet/4jQx

North Metro Atlanta Homes Sold Report for May 2014

The North Metro Atlanta Area is a hotbed of real estate activity.  That's good news for Buyers and Sellers in the Atlanta area.  Let's see how the market fared. 

North Metro Atlanta Real Estate - Homes Sold in May 2010-2014

A total of 3876 North Metro Atlanta single-family detached homes were sold in May 2014.  That is 5.6% lower than the 4104 homes sold the same time last year.  However, it is still the second highest May sales on record since 2007.  The median North Metro Atlanta single-family detached home sold for $225,000.  This is a 12.5% increase from the median sales price in May 2013.  The type of homes sold during May 2014 ranged from an 1189 square foot, 2 bed home built in 1920 that sold at auction for $4950 all the way up to a 12,705 sq ft, 6 bed home in Peachtree Heights West that sold for $6,900,000.

North Metro Atlanta Real Estate - Average Sales Price of Homes in May 2010-2014

The majority of North Metro Atlanta single-family detached homes sold were in the $200,000-$249,000 price range (a total of 526 units), with homes in the $300,000-$399,999 range coming in a close second in popularity (a total of 501 units).  Almost 56% of the total homes sold in the North Metro Atlanta area spent 30 days or less on the market.  That's even better than the 52.6% that spent less than 30 days on the market in May 2013.

What does this mean for North Metro Atlanta real estate?  North Metro Atlanta Sellers should be very happy about this news.  The average home price has increased, meaning you will be getting more money for your current property.  Also, the average days a home spends on the market is decreasing, which means your property will most likely sell in a shorter period of time than it would have in the past.  Conversely, though, it also means that it will cost you more to purchase another home to move into once your current property is sold.  When you're ready to sell your current home and/or look for a new property, contact your North Metro Atlanta real estate specialist.

Laura Andersen, Keller Williams Realty Partners, your North Metro Atlanta REALTOR®

Posted by

Laura Andersen, REALTOR®, Associate Broker / Keller Williams Realty Partners
678-462-1191
AtlantaHOMEListings.com

 

  

  

 

 Laura Andersen | Associate Broker at KW Realty Partners | www.AtlantaHomeListings.com

 

 

 

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Rainmaker
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Jeff Jensen
The Federal Savings Bank/Lending in 50 states - Greenwich, CT

It is odd that average prices rose.  I wonder what the median price reveals.

Jul 02, 2014 06:48 AM #1
Rainer
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Lloyd Pro Group
Lloyd Pro Group - Duluth, GA

Our fingers are crossed here in Atlanta that average prices continue to rise to help those that lost so much equity

Lloyd Pro Group | Nationwide Insurance
2675 Breckinridge Boulevard #100, Duluth, GA 30096
Aug 11, 2014 04:26 AM #2
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Rainmaker
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Laura Andersen

A HomeSOLD Name (678)462-1191 Woodstock, Georgia
Call your Market Leader, Laura Andersen, for buying or selling
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