Newnan Real Estate Market Report - Coweta, Fayette, Georgia
Newnan, Georgia - Coweta, Fayette
| Market Commentary Provided by NuWay Realty Team If you can qualify, now is an exceptional time to buy a home in Newnan. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 678-378-5060 |
| Report Date | Fall 2009 |
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The Home Source Realtors Newnan, Georgia 678-378-5060 homesearching@thsrealtors.com Agent Home Page  |
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| Nearest Metro Area | Atlanta | ||||
| Buyers’ or Sellers’ Market | More buyers than sellers | ||||
| Average Time on Market | More than 120 days | ||||
| Market Trend | Decreasing | ||||
| Housing Inventory | Good supply - Some Prices | ||||
| Inventory Comments | 28% of homes sold in the last year in Newnan were Foreclosure or Bank Owned Properties. Does not include Investment Ownership percentage. | ||||
| Average Home Price | $250,000 - View Graph Trend | ||||
| Best Selling Price Range | $150,000 - $199,000 | ||||
| Worst Selling Price Range | $400,000 - $449,000 | ||||
| Compared to Last Year | Down 0-5% | ||||
| Prices As % of Asking Price | 95-100% | ||||
| Multiple Offers? | Yes | ||||
| Multiple Offers Commentary | If the houses are priced right 'below market value', Multiple Offers do exist. | ||||
| Greatest Activity | First Time Buyers | ||||
| Buyer Activity for the past 90 days in Newnan is | Increasing | ||||
| Seller Activity for the past 90 days in Newnan is | Increasing | ||||
| Is Financing Available For Qualified Buyers in Newnan? | Yes | ||||
| Existing Home Prices for the past 90 days are | No Change | ||||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 25-30% | ||||
| Housing Hot Spots | Sharpsburg is the new up and coming location in Coweta County. | ||||
| Reason to Buy/Sell | Population Growth | ||||
| Average Sold Price | $250,000 - View Graph Trend | ||||
| National Real Estate Market | |||||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... |
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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