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Metro Atlanta Real Estate

Blog by Jen Bowman
Decatur, Georgia

This blog is about Metro Atlanta Real Estate, local events and just about anything home related.

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Metro Atlanta Real Estate

Decatur, GA REO Market Analysis 3rd Quarter 2008

Oct. 7, 2008

 

What's going on with real estate in Decatur, GA?  Well, the good news is that homes are still selling. Here is an analysis of single family homes in Decatur.  

 July 2008 Sold

Homes Sold 152

REO Properties 30

Average Days on Market 72

Original List Price $238,592

List Price $266,152

Sold Price $215,511

Range $26,100-$725,000                                                                         decatur

August 2008 Sold                         

Homes Sold 164

REO properties 55

Average Days on Market 70

Original List Price $243,255

List Price $191,973

Sold Price $183,212

Range $22,500-$824,500

 September 2008 Sold

Homes Sold 85

REO properties 27

Average Days on Market 81

Original List Price $221,443

List Price $208,048

Sold Price $200,591

Range $22,500-$1,025,000

There are currently 1251 single family homes for sale in Decatur, GA which is in Dekalb County. 280 of them are REO or Real Estate Owned, bank owned foreclosures. There are also 314 homes that are pending sales, meaning they are under contract, but not yet closed. Available homes in Decatur range in price from $19,900 to $1,500,000.  Obviously, there is something for everyone from investment to starter homes to high end luxury homes. Now is a great time to buy.

For expert real estate advice and customized property searches in Decatur, GA please contact Jen Bowman, Success Realty at 404-456-5024. Visit online at JenBowman.com.

Another things Buyers Need to Know

Sep. 21, 2008

I recently listed a home in Dekalb County, GA where we have 143 schools and centers, that's not including colleges and universities. I wasn't sure of the particular school that new young residents of the home would go to. So, I did what most real estate agents do. I went to the Local Multiple Listing Service and looked at other listings in the subdivision. I was quite surprised that I found 5 different elementary schools listed for the subdivision. I knew that couldn't be right. So I went to the Dekalb County Schools website and looked it up by address of the home I was listing. The home owner didn't have children in school, so I didn't even ask if she knew the schools.

When you are purchasing a home, you need to know what school your children will attend. You'll need to go here: Dekalb County Schools

Do not just go by what the Listing tells you in regard to the school. 90% of the listings showed incorrect schools in the particular subdivision I was looking at. Yes, 18 out of 20 listings had inaccurate info. As a professional Realtor, I found this shocking. I realize that many homebuyers buy a home in a particular place because of the school. If one of the reasons you are buying a home is based on the school your child will attend, go the extra mile. Verify the school through the School District's website. Due diligence is critical. That is just another reason why a Home Buyer should have representation with a Buyers Agent who can watch out for these things.

Jen Bowman

Success Realty

www.JenBowman.com

404-456-5024 Realtor in Decatur, GA

Statistics for Dekalb County GA, Metro Atlanta

Apr. 4, 2007

People are always asking me "What's going on in the Real Estate market?" Well, in Dekalb County, GA there is quite a bit going on.  Spring is here and the real estate market knows it! 

In the month of March we had 1,446 new residential listings. By residential we are just talking about single family homes.  We had 419 new condos to hit the market.  We have a total of 4,913 Active residential listings and 1,875 active Condo listings as of this minute.  Obviously this number changes rapidly.  

Single Family Homes in Dekalb on the market today range from $61,900 to $2,650,000.  Condos today in Dekalb range from $18,900 to $1.5 million.  Average Days on Market is 94 for houses and 77 for condos. 

What does this mean to the Home Seller? It means your home must shine! For tips on getting your Home Ready to Sell, visit my website www.JenBowman.com .  Click on the Buyer/Sellers Link and go to the Tips on Getting Your Home Ready to Sell link.