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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.