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Spring 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
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| 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 is | Increasing |
| Seller Activity for the past 90 days in Watkinsville is? | Decreasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | When 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 Buyers | You 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 Comments | Some great homes in popular Watkinsville and Oconee County as a whole. |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Population Growth |
| Nearest Metro Area | Athens, Atlanta |
| Housing Hot Spots | Most 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
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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Mortgage Rates
– May 28th, 2012 –
---------------------------------
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
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