Here's a side by side look at housing prices for three very strong zip codes. 30005, 30075 and 30068; Alpharetta, Roswell and East Cobb respectively, represent exceptionally appealing housing markets. Each of these housing markets has shown an increase in median home value over the last three years. Each area has a median sale to list ratio over 97% and a days on market figure among the best in the Atlanta region.
A quick answer to the "hows the market" question is provided by the Altos Research market action index. This is a measurement of several statistics that compare demand levels relative to supply levels. Above 30 demand is robust to indicate a “Sellers Market”; below 30 indicates weak demand or a “Buyers Market”. Note the peak that Alpharetta 30005 experienced.
In short, these markets share a very similar path over the years - one of strength and growth. Of course fluctuations exist but it's uncanny how similar they run and how close they currently are on the major indices.
The Hank Miller Team has over 20 years of sales and appraisal expertise in these markets working with both buyers and sellers. CONTACT US with questions about this or to learn how we can help you buy or sell a home. Sign up for free Altos Research reports for any of over 100 zips and receive weekly market updates.
* Remember, these stats are great indicators but a detailed, appraisal level analysis is best. This data is to be used as a broad guide only, real estate has many variables that are likely to influence a property.
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