It is the beginning of the last quarter of 2013. We all hope the real estate market will finish strong in the City of Peachtree Corners. Let’s take snapshot of the year-to-date, and a look at what we might see in the next few monthsYear-to-date in Peachtree Corners 288 homes sold. At this time in 2012 there were 236 homes sold. The average price of the homes that have sold in 2013 is $322,094 vs. an average price of $285,762 for 2012. The average number of days on the market is 77. Last year the average number of days was 113.
There are currently 89 homes on the market. We are selling approximately 32 homes a month. If we continue to sell homes at this rate and maintain the current inventory, we will have a 2.78 months supply of homes. There are 50 under contract and pending sales in Peachtree Corners.Interest rates have hovered around 4.5% and have not played a huge role in a buyer's decision to purchase a home. The political environment and the “shut down” of government has not influenced home sales so far.
FHA loans and VA loans are still closing. Lenders will not be able to obtain tax transcripts which means, new loans may not be able to close as quickly as in the past.I will have a booth at the Norcross Art Fest Saturday and Sunday October 5th and 6th in Historic Norcross where my team and I will be promoting my listings and our services to thousands of families who visit this annual event. If you attend the festival please stop by and say hello.
For more information contact Nancy Minor at 404-955-7653 or Nancy@Minor.net. Visit our website at PeachtreeCorners.comNew on the market this week in Peachtree Corners:
6214 Poplar Bluff Circle Priced at $359,900 Shown by appointment3935 River Hollow Run Priced at $459,500 Shown by appointment