Important News and Techniques for Today's Real Estate Market

January 13th, 2012 10:52 AM

WHAT’S HOT AND WHAT’S NOT in the Newnan, Sharpsburg, Grantville, Senoia, Moreland, and Palmetto Market

Real Estate Market Statistics for Coweta County, Based on 2011 Activity

Single Family Homes (General Category)

Coweta County

What’s Hot

3 Bedroom Home Sales

What’s So Hot About it?

Of 1651 Home Sales in 2011, 774 were 3 Bedroom Homes. 56% of the Homes listed in this segment SOLD, and the average List Price to Sale Price Ratio was 93%. This category also represented the lowest percentage of EXPIRED listings and the lowest number of Days on Market (95).

What’s Else is Hot

4 Bedroom Home Sales

What’s So Hot About it?

Of 1651 Home Sales in 2011, 560 were 4 Bedroom Homes. 51% of the Homes listed in this segment SOLD. The average Days on Market for homes in this category were higher than the 3 bedroom category, but the 4 bedroom home still gets a “thumbs up” for taking the highest List Price to Sale Price Ration, which was 96%.

RENTAL HOMES

The average rental home in Coweta County is $1,250.

A mortgage of $200,000 at 4% interest would be $954.83 before taxes and insurance.

Interesting Tidbit: Bedrooms Count! The average sales price of 3 bedroom homes in Coweta County was $97,362. The average sales price of 4 bedroom homes was $189,270 and the average sales price was $273,506 for 5 bedroom homes in the same area.



 

CONCLUSIONS AND TRENDS

Coweta County continues to lead the pack in VOLUME of home sales, with a strong resale value in all segments of housing. Extreme Western parts of the county, as well as Grantville and Palmetto, are still weak in both length of time on market and sales price. School performance, low crime, and healthy employment are all contributors to the overall health of this market.

Posted by Jackie Campbell on January 13th, 2012 10:52 AMPost a Comment (0)
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