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Which Area in Atlanta is Selling the Best? | Real Estate

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Which Area in Atlanta is Selling the Best?
Real Estate
Which Area in Atlanta is Selling the Best?

Is there a difference between East Cobb and Sandy Springs?  Sandy Springs and Vinings?  Vinings and Smyrna?

Of course!

Which is why it’s absolutely impossible to rely on National data to understand what is happening in your local market.  Even within certain local markets there are submarkets.  The Castles By Chrissy team is pleased to announce that we have this data for you.  Every listing appointment we go in is presented with data specific to their zip code, school district, even right down to their neighborhood.     Every quarter Castles By Chrissy delves deep into the fmls data to figure out how fast homes are selling, what price range is moving the fastest, and what the average sales price is.

To understand just how much this data can vary from 1 mile to the next we have compiled a quick area comparison chart for you between Metro Atlanta data, Sandy Springs and East Cobb from January to March of 2014:

 

 

Metro Atlanta

Sandy Springs

East Cobb

Number Homes Sold

8067

52

183

% that are foreclosures

10.5%

0.0%

4.4%

Median Sales Price

$198,000

$653,000

$274,000

Median Days on Market

66

86

72

Median Sale price/List Price ration

95.2%

94.0%

95.5

% of homes that reduce their price

41.5%

42.3%

46.4%

% of homes that were previously listed

23.9%

26.9%

22.4%

Months of Supply

4.6

7.2

4.3

% of homes that never sold

35%

49%

28.5%

 

As you can see the amount of actual homes sold in each area can drastically change the data for days on market and months of supply.  Sandy Springs has longer days on market but they also sold fewer homes.

If you are interested in receiving stats like this for your particular area and/or your actual neighborhood please email us at Chrissy@CastlesByChrissy.com.

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