Homes for Sale > Real Estate Market > Georgia Real Estate Market > Watkinsville Real Estate Market

Winter 2012 Market Update
I have lived in Watkinsville, Oconee county for over 27 years and I love it. I raised my two children here and I think it is hard to beat. It feels safe and I liked the schools a lot. Now is an exceptional time to buy a home in Watkinsville. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 706-540-4181

Average Home Price $250,000 - View Graph Trend
Average Price Compared to Last Year Down 0-5%
Average Time on Market More than 120 days
Best Selling Price Range$200,000 - $249,000
Worst Selling Price Range$1,000,000+
Prices As % of Asking Price 95-100%
Existing Home Prices for the past 90 days are?Decreasing
Market Trend Decreasing
Buyers’ or Sellers’ Market More sellers than buyers
Buyer Activity for the past 90 days in Watkinsville isIncreasing
Seller Activity for the past 90 days in Watkinsville is?Decreasing
Multiple Offers?Yes
Multiple Offers CommentaryWhen the price is ’right’, multiple offers appear.
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?15-20%
Is Financing Available For Qualified Buyers?Yes
Comments on Financing For Qualified BuyersYou need to be patient and provide a lot of documentation to get a loan nowadays. I have a list of lenders i can send you.
Housing Inventory Good supply - Some Prices
Inventory CommentsSome great homes in popular Watkinsville and Oconee County as a whole.
Greatest Activity Repeat Buyers
Reason to Buy/Sell Population Growth
Nearest Metro AreaAthens, Atlanta
Housing Hot SpotsMost cities within the Oconee County area are considered ’Housing Hotspots’. Downtown Watkinsville is especially hot and does not have many homes available. there are some terrific restaurants in the new Town Center.
Average Sold Price $250,000 - View Graph Trend
Watkinsville 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.

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Mortgage Rates
– Feb 23rd, 2012 –
---------------------------------
 30 yr. fixed rate:     3.90%
 15 yr. fixed rate:     3.17%
  30 yr. jumbo rate:  4.68%
  15 yr. jumbo rate:  3.96%

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