Important News and Techniques for Today's Real Estate Market

What's Hot and What's Not in Fayette County
What’s Hot	4 Bedroom Home Sales
What’s So Hot About it?	Of 1152 Home Sales in 2011, 495 were 4 Bedroom Homes. 54% of the Homes listed in this segment SOLD, and the average List Price to Sale Price Ratio was a whopping 95%. This category also represented the lowest percentage of EXPIRED listings and the lowest number of Days on Market (108).
What’s Else is Hot	3 Bedroom Home Sales
What’s So Hot About it?	Of 1152 Home Sales in 2011, 334 were 3 Bedroom Homes. 54% of the Homes listed in this segment SOLD. It’s a little surprising that the average Days on Market for homes in this category were higher than the 4 bedroom category, since Fayette County (and Peachtree City in particular), has a growing number of “retirees” who locate in this area. However, it’s further evidence that Fayette’s strong school performance continues to be a draw for multi-person families—why else would they need all those bedrooms?
RENTAL HOMES	The average rental home in Fayette County is $1,700.00
	A mortgage of $200,000 at 4% interest would be $954.83 before taxes and insurance.

CONCLUSIONS AND TRENDS

Fayette County continues to see strong resale value in all segments of housing. The greatest strength is in Peachtree City and South Fayette County sales, with the only real weakness being in North Fayette County. School performance, low crime, and healthy employment are all contributors to the overall health of this market.