Good morning everyone! I appologize for this next post taking so long to come up...you know we realtors actually have to do some real estate oriented work every now and then:)
This post is going to focus on the current maket statistics for Inman Park. Like the previous two market update posts, we'll be looking at the number of sales, median sales price, and the average days of market for the years 2005, 2006, and 2007. So, without further adieu....
2005
Total Number of sales: 49
Median Sales Price: $415,000
Average Days on Market: 83
2006
Total Number of Sales: 37
Median Sales Price: $434,000
Average Days on Market: 89
2007 so far...
Total Number of Sales: 25
Median Sales Price = $472,500
Average days on Market = 120
**So Inman Park is on track to do the exact same number of transactions as last year, with about 8% appreciation. Again though, it looks like the average number of days on market has increased by 50%...one of the highest increases amongst the intown Atlanta neighborhoods. Another reason why pricing homes right, and staging them will be imperative for a sale.
Until next time....
Wayne Tyndall - The CARE Team - www.thecareteam.net - wayne@thecareteam.net - 404-978-CARE
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