A look back at February, 2013 gives us a hint of what is to come for the Spring real estate market.
As we march into the spring market, the weather may be chilly but the real estate market is hot, hot, hot. Sales in February continued to be strong and I continue to be optimistic about the spring market for 2013. Inventory remains low. There are currently 83 homes on the market in Peachtree Corners. Compare this with this time last year when there were approximately 114 homes on the market. The exciting news is that 43 homes are under contract and are scheduled to close in the next few months. There is a 3.9 month supply of homes available for sale. That is up slightly from last month's 3.5 month supply. There was over a one year supply of homes at this time last year. That market definitely favored the buyer. Presently the market …
33.984
-84.214535
Keller Williams Realty Chattahoochee North
3930 E Jones Bridge Rd, Norcross, GA
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1167582
/locations/8972229
33.987902
-84.236049
4315 Fitzpatrick Way, Norcross, GA
/articles/stats-show-peachtree-corners-real-estate-market-on-upswing
/locations/8972230
33.974566
-84.242757
4034 Gunnin Rd, Norcross, GA
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/locations/8972231
Following is a list of five homes that have recently sold, prices range from $51,000 to $321,700.
Homes continue to sell in Peachtree Corners, following are homes located in the Peachtree and Berkeley Lake elementary school districts that have sold within the past three months. For more information on the Peachtree Corners real estate market click on the tab at the top marked "Real Estate" or click here. Location: 3679 Madrid Circle Sold for: $51,000 Date sold: Nov. 14, 2012 Description: 3 bedroom, 3 bath, 1,650 square foot, single family School district: Peachtree Elementary Location: 4200 Mayapple Court Sold for: $321,700 Date sold: Nov. 2, 2012 Description: 5 bedroom, 4 bath, 3,355 square foot, single family School district: Peachtree Elementary Location: 4961 Berkeley Run Crossing Sold for: $164,900 Date sold: Nov. 1, 2012 …
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James Tola
9:39 am on Tuesday, January 8, 2013
Inventory is still very, very low and homes priced below 500K have about 5.2 months of inventory, meaning that if no other homes were to be listed for sale it would take 5.2 months to sell off everthing on the market at the current sales pace. With interest rates at 3.5% for FHA and conventional financing and low inventory it is an amazing time to be a Seller. I just had a closing where the home …   more ›