Home Prices in Druid Hills Atlanta GA for October 2013
Real estate market data for Druid Hills, GA provided by Anthony McCullough of Keller Williams Realty of Druid Hills.
Druid Hills Home Prices
We have seen 3 strong months of listings above 160 listings per month. Early September had strong listing value increases on home prices in Druid Hills and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a house in Druid Hills but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Druid Hills home on which you are making an offer.
If you are interested in how much current inventory is on the market in Druid Hills you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Druid Hills, homes have a median time of 51 days on the market before they sell. This would suggest that buyers are in a great position to make an aggresive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Druid Hills has multiple offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.
If you are interested in how much current inventory is on the market in Druid Hills you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Druid Hills, homes have a median time of 51 days on the market before they sell. This would suggest that buyers are in a great position to make an aggresive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Druid Hills has multiple offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.
Druid Hills Real Estate Report Summary
The median list price in October for single family homes in Druid Hills is $553,280.
The number of active listings in Atlanta (30307) dropped by 3% from the previous month.
The median number of days active properties have been listed is 51. This is significantly shorter than the national average.
The number of sales in August dropped by 95.8% from the previous month.
The percent of unoccupied properties is very low in Atlanta (30307) . It is -9.51% below the national average.
The percent of rental properties in Atlanta (30307) is 22.23% above the national average which is typical for urban areas.
Find Homes for Sale in Druid Hills GA
Visit my website to search for homes in Druid Hills or to be notified when Druid Hills homes come on the market.
To find out what you home is worth in the current market Click HERE or call 404-913-9206.
Provided courtesy of Anthony McCullough
Keller Williams Realty of Druid Hills
Hire a positive and proactive agent to help you find your next home!Call or text 4049139206 for information on Buyer's Representation Services
(NO COST TO HOME BUYERS)
Search entire Georgia MLS for FREE at www.anthony-sells.com/search
Get a FREE report on YOUR HOME's Value at www.Anthony-Sells.com/sell
Like us on Facebook! Facebook.com/amackrealtygroup
Keller Williams Realty of Druid Hills
Hire a positive and proactive agent to help you find your next home!Call or text 4049139206 for information on Buyer's Representation Services
(NO COST TO HOME BUYERS)
Search entire Georgia MLS for FREE at www.anthony-sells.com/search
Get a FREE report on YOUR HOME's Value at www.Anthony-Sells.com/sell
Like us on Facebook! Facebook.com/amackrealtygroup
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