Posts

Acworth Market Trends Jan 2015

Just look around Acworth, and you can quickly see the real estate market is improving. Home values in Acworth have increased and new construction is back. Here’s a glimpse at January’s real estate market trends.

Acworth Market Trends

  •  Average sale price in Jan 2015 was $215,454 which was a 29.28% over the Jan 2014 average sale price of
    $166,654.
  • The number of homes sold in January 2015 which was a 35.38% increase over last year, when there were 65 homes sold.
  • Total sold volume in Acworth was up 75.03% from $10,832,487 in Jan 2014 to $18,959,944 in Jan 2015.
  • The amount of time it took to sell a home decreased with average days on market at 110 days in Jan 2015 vs. 119 in Jan 2014, a decrease of 7.56%.

Detailed analysis of Acworth Market Trends for January 2015

Acworth Market Trends

Want to learn what your home is worth?

 

New Construction in Acworth

Want to learn what your home is worth?

 

Acworth Real Estate Market Continues to Improve

The Acworth real estate market continues to improve as the median sales price increased 16.2% from May to $215,000. The increases don’t stop there either. A quick overview of the market can be seen below:

Acworth June Market Trends

Total Sold Dollar Volume $22,850,075 +40.1% -8.2%
Closed Sales  95 +26.7% -7.8%
Median Sold Price $215,000 +12.6% +16.2%
Average Sold Price $240,527 +10.6%  -0.5%
Median Days to Contract 30 days +7.1% +42.9%
Average Days to Contract 63 days +46.5% +1.6%
Median Days to Settle 71 days -7.8% +10.9%
Average Days to Settle 112 days +19.2% +9.8%
Median Price per Sq Foot $84 +1.2% -1.2%
Avg Sold to Orig List Ratio 96.32% +0.7% +0.6%

There are also several businesses moving to our area which has increased demand for housing. These include:

If you would like a more detailed market analysis, or to find out the market value of your home, please let us know. We offer a free market valuation here. And if you would like to be updated monthly with real estate market trends, please complete the form below:

Homes for Sale in Acworth – February Market Trends

The real estate market is improving in metropolitan Atlanta and homes for sale in Acworth are joining the trend. As you can see from the infographic below home prices increased more than 20% with over 70 homes sold in February, and sold in fewer days on average than the previous month and year. In more good news, the average sale price was up 22.9% over the previous month and 25.5% over 2012.

As the nation continues to rebound, so does our neighborhood. As you drive through the area, you will see that subdivisions once abandoned by builders, are being revived and new construction is starting again. So there is currently an assortment of resale and new homes for sale in Acworth to offer home buyers several choices. In addition, investors and developers are able to find opportunities to continue this. The improved economy and real estate market will also be impacted by new businesses coming in to our area like Cabela’s which is scheduled to open this summer, and already beginning to recruit for jobs; as well as the continued construction on LakePointe, which is scheduled to open in stages with completion in 2016 and bringing more than 20,000 jobs to our area. You can read more about Lake Point and see new renderings on their website.

Other new retailers, including restaurants, are choosing Acworth. Mellow Mushroom will open later this summer on Cedarcrest Road just off of Cobb Parkway. Not far from Acworth will be a new Whole Foods Market opening in 2016 at the corner of Barrett Parkway and Cobb Parkway.  The recent opening of the new Wellstar Paulding Hospital in brings state-of-the-art health care to a local hospital in addition to the health care campus in Acworth on Cobb Parkway.

Think you might be ready to consider a home for sale in Acworth? Contact us to help you in your home search.

Acworth Market Trends February 2014

 

Ignore Trends In Real Estate | Homes for Sale in Acworth GA

You can learn just about anything on a particular subject through the internet. While access to information is usually a positive development, things can get a bit crazy if you get overloaded with it. Look long enough and you can find two pieces of information offering exactly the opposite views on a subject. Obviously, that doesn’t really help you make a choice.

In real estate, the information offered in the media is usually uniform. As a potential buyer or seller, how should you evaluate the information being produce in the media? The simple answer is you should ignore it. The problem with these reports is not the accuracy. Instead, the problem is they are reporting national trends in real estate. They don’t know about the growth in our area and how that impacts homes for sale in Acworth GA.

National trends are great and all, but they have little or no application to your specific area. Statewide numbers can even be inaccurate.  And the source of the information can be inaccurate also. For example, a nationally syndicated real estate site reports that Atlanta real estate home prices went up 16% in 2013, when they actually went up a median value of 36%! The latter statistics are from the Atlanta MLS which has the actual figures.¹ The only real estate trends that matter are those in your local markets, i.e., Acworth. Never rely on national data.

If you are considering buying, you have to be very careful when considering real estate trends. If it looks like a seller’s market in your area, you may make the mistake of not buying. Even in a seller’s market, buying a home is better than renting. Every day you are in the home is a day you are growing your personal wealth through equity accumulation. Don’t stay out of the market simply because you feel it isn’t the right time. As you look around the area, you see new homes being built. New home construction can impact the pricing of resales. New businesses coming in increase the demand for home inventory, and our area is seeing tremendous growth which in turn means it might be a great time to sell your home in Acworth.

It is easy to get caught up in real estate trends since they are plastered in front of your face on a daily basis. In truth, they really should not play much of a role in your decision making process.

 

Reflections on 2013 Housing Market

As I updated my website today to include monthly market trend reports, I reviewed the 2013 Year End Market Statistics. There is some interesting and enlightening information there.

Housing sales increased over 20% from 2012 in metropolitan Atlanta:

  • 21.23% increase in sales volume
  • 26.12% increase in average sale price
  • 12.90% decrease in average days on market
  • 24.30% increase in average list price
  • 2.06% increase in sales price to original list price

 

Year End 2013

As the market continues to increase in metropolitan Atlanta, now is a good time to buy or sell your home. Mortgage rates are still at low rates according to industry publications. Take a look at what’s available right now in some of the neighborhood subdivisions:

Looking to sell? Interested in a FREE home valuation? Get one here.

Call us…we can help you with your home purchase or sale.