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Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Decatur. Low rates with falling home prices makes a home purchase a great value! Call now for more information at Michael: 404-394-4071.
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| Average Home Price | $350,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 0-5% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $500,000 - $549,000 |
| Worst Selling Price Range | $800,000 - $849,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Decatur is | Increasing |
| Seller Activity for the past 90 days in Decatur is? | Decreasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Its not unusual for a well priced home to have multiple offers |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 10-15% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Rates are very aggressive. Lender guidelines are still very strict. |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | New constructions are in short supply and sell quickly Good Quality well priced homes are selling in less than 30 days. |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Decatur has a very good and stable school system. Atlanta is have a great deal of turmoil with their school system - so buyers are switching to Decatur. |
| Nearest Metro Area | Atlanta |
| Housing Hot Spots | The Great Lakes and Oakhurst communities are hotspots within Decatur. |
| Average Sold Price | $350,000 - View Graph Trend |
Decatur Local News
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
Contact Information
Michael Redwine and Mike Terry
Michael: 404-394-4071 or Mike:770-309-4490
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– Feb 23rd, 2012 –
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30 yr. fixed rate: 3.90%---------------------------------
15 yr. fixed rate: 3.17%
30 yr. jumbo rate: 4.68%
15 yr. jumbo rate: 3.96%
Home Values
StreetZip Code
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Request More Information Let me answer your questions! Ask Me!
Michael Redwine and Mike Terry
Atlanta Intown Real Estate Services
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 Michael: 404-394-4071 or Mike:770-309-4490
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