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1Q2011 Stats For The Housing Industry Are Here! | Real Estate

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1Q2011 Stats For The Housing Industry Are Here!
Real Estate
1Q2011 Stats For The Housing Industry Are Here!

The Castles By Chrissy Team would like to be the first to bring you the 2011 first Quarter Statistics on our local housing industry.   I've been pouring over the 1Q2011 stats for 2 months now to try and decipher the good news from the bad news.  The story the numbers is telling is its a mixed bag out there.  We are able to break it out into specific areas (i.e. Smyrna, Vinings, Dunwoody, Sandy Springs, Buckhead, etc).  I would like to share with you data from all of metro Atlanta and then I've chosen one specific area so you can see how it compares -- the 30339 zip code - heart of Vinings.  I can do this for each area across the map so please feel free to send an email with the area(s) you would like to know about.  It gives a fabulous  idea of what is going on and what you can expect of your neighborhood.

    TOTAL                                                30339 zip code 1Q 11   Number Sold 7,061                                                    19   YTD Percentage Change # Sold 2.0%                                                    90%   Foreclosure Percentage of Sales 21.3%                                                  10.5%   % Total Distressed sales 46.2%                                                  31.6%   Median Sales Price $135,000                                             $350,000   Median Sales Price % Change -13.7%                                                -6.0%   Median Days on Market (DOM) 132                                                        156   Percent Change in DOM 9.1%                                                    57.9%   Median S/L Price Percent (% S/L) 82.5%                                                 81.4%   Percent with a Price Reduction 70.2%                                                 63.2%                                  Months of Supply of Listings 11.0                                                    13.3   Percent Failed of Finalized Listings 58.2%                                                62.7%     We welcome your inquiries on other areas and we welcome your questions on what exactly these numbers mean.  Over the course of the next couple of days I will be picking each category and explaining it in further detail an how it effects the overall housing market.    
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