Last night at our Peachtree Battle Keller Williams office Shaun Rawls presented the Intown stats for the 2nd Quarter of 2009. These statistics are simply amazing and break down the numbers like nothing you have seen before. They were concentrated on the Intown market which is basically everything inside Atlanta's 285 perimeter. These stats are likely different from what you have seen before in that they include a look at the total days on market including occasions where a house may have expired or relisted. I am only going to list statistics for Buckhead (area 21) but can discuss stats on any intown market at your request. My hope is that these will not scare you but show you a true look at the market so you can better make decisions about your real estate needs. Here we go:
Total number of homes sold - 138 (down 19.3% from 2nd Qtr 2008)
% of those homes sold as forclosures - 9.4%
Median Sales Price - $642,500 (down 13.8% from 2nd Qtr 2008)
Average Total Days on Market - 314 (Up 111.8% from 2nd Qtr 2008 and the highest of 39 fmls areas studied)
Average Sales Price/List Price Ratio - 81.1%
% of Sales that required a Price Reduction to Sell - 73.9%
# of homes sold that were Previously Listed - 59.4%
Months of Inventory - 19.3 Months
If you asked me to interpret this information for you and come up with a one-liner, I would say PRICE YOUR HOUSE CORRECTLY! The Intown market as a whole shows that if you price your house correct and don't require a price reduction, on average it will sell for 96.1% of list price in 22 days. If you require a price reduction, those numbers move to 69.4% of list price in 257 days. You do the math.
If you are interested in more statistics, please contact Carson Matthews at 678-595-9286 or online at http://www.carsonandcarol.com/
0 comments:
Post a Comment