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Spring 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Druid Hills-Atlanta. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 404-909-9112
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| Average Home Price | $600,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 5-10% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $450,000 - $499,000 |
| Worst Selling Price Range | $1,000,000+ |
| Prices As % of Asking Price | 85-90% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | No Change |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Druid Hills-Atlanta is | Decreasing |
| Seller Activity for the past 90 days in Druid Hills-Atlanta is? | Decreasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Homes that are priced correctly and show well are potentially most likely to receive multiple offers. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 0-5% |
| Is Financing Available For Qualified Buyers? | No |
| Comments on Financing For Qualified Buyers | Many homes are in the Jumbo loan range, which is $417,000 in the Atlanta area. These loans are still difficult to qualify for with the increased requirements, including larger down payments. |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | There is a good supply of homes in the are (13 months is the current inventory) but that has fluctuated widely over the past 6 months. The number of homes Under Contract and Sold still lags behind the same period in 2008, but the price trend has declined less, to -5.2% on average, and the median price has declined 13.1% from the same period last year. Compared to an overall price decline of 22% in the Atlanta metro area, this decline suggests a more stable market than most. |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in the Druid Hills/Emory area of Atlanta! |
| Nearest Metro Area | Atlanta |
| Housing Hot Spots | Atlanta is a city of many neighborhoods, and they all have their own character and attractive features. In the Druid Hills area, which is continguous to Emory University and The Centers for Disease Control, there is easy access to downtown and Midtown, and a good quality of life supported by fine schools, many parks, shopping, restaurants and entertainment. |
| Average Sold Price | $600,000 - View Graph Trend |
Druid Hills-Atlanta Local News
Market Conditions in Druid Hills / 30307 1st Quarter 2010 - Tuesday March 23rd, 2010 3:54pm
The outlook in this intown neighborhood is good! Steady is the key word, with most homes sold close to 99% of list price and Average Days on Market averaging at 98 for all price points.
This Spring market sees more Active Listings over the same time last year, and more Under Contract in same period. Yet the average sales price has declined around 6% from 1st quarter 2009. The presence or lack thereof of foreclosures has kept the market steadier than other areas in Atlanta.
Contact Information
Jo Kenney
404-909-9112
Request More Information Let me answer your questions!
Ask Me!
Mortgage Rates
– May 28th, 2012 –
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30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
StreetZip Code
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
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Request More Information Let me answer your questions! Ask Me!
Jo Kenney
Keller Williams Realty Metro Atlanta
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 404-909-9112
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