Market Conditions Wednesday

Every Wednesday, I am going to provide a market snap shot of current market conditions affecting specific cities in the Atlanta metro area. Wednesday's will now be known as "MARKET CONDITION WEDNESDAYS", as I publish details about what is ACTIVE, PENDING, SOLD in one of Atlanta's major cities.

Let's start at the beginning of the alphabet today and highlight the city of ACWORTH.

According to the latest FMLS data and as I write this, there are currently 72,831 homes on the market in the entire Atlanta metro area. Likewise, as I write this, there is a total of 914 single family homes on the market in Acworth and a total of 95 condo/town-home properties available and actively listed in ACWORTH, GA.

Actively Listed Single Family Homes
Acworth single family homes range in price from $20,900 for a bungalow, ranch style "fixer-upper" home with 1 bedroom/1 bathroom which was built in 1936 to an estate home for $2.5 million in Governor's Towne Club.

Actively Listed Condo/Town Homes
Active Acworth condo/town home properties range in price from $39,900 for a spacious 2 bedroom / 2 full & 1 half bathroom town home, built in 1988, available for a possible short sale located in SweetBriar to a patio type home in Rose Arbor with 4 bedrooms/3 full bathrooms with a full finished basement for $349,900.

Pending Sale
Currently there are 196 single family homes pending sale in Acworth with prices ranging from $70,000 for a 3 bedroom/2 full bath "fixer-upper" to a 5 bedroom/4.5 bathroom home in Governors Towne Club for $775,000.

SOLD Properties (3/1/2010 to 4/15/2010)
It might interest you to know that from March 1st through April 15th there were a total of 146 homes sold in ACWORTH!

Lowest Priced Home SOLD in ACWORTH during the period was originally priced at $43,900. It was eventually reduced to $24,000 and eventually sold for $20,000 after 85 days on the market. This was a "handy man special"! A major "fixer-upper" riddled with problems and in major need of repair. It was purchased by an Investor. This property closed on 3/30/2010.

Highest Priced Home SOLD in ACWORTH during the period was originally priced at $999,000 and ultimately sold for $948,000 or 95% Sold Price/Original List Price (SP/OLP%). Seller paid $18,000 in closing costs. The property was on the market 24 days and closed on 3/5/2010. The property was located on Old Stilesboro Road NW and offered 4 bedrooms/4.5 bathrooms an featured an elegant 10+ acre gated estate complete with stables, pavillion and riding ring. The chefs kitchen featured top of the line appliances, a keeping room with vaulted ceiling, terrace level with theatre, bar, beautiful pool and patio.

So, as you can clearly see homes are selling in ACWORTH! Please call me with your many questions regarding the Acworth and Atlanta metro area real estate market in general or specifics regarding the buying / selling process. Please call me if you see a home that peaks your interest or if you are considering the possibility of selling your current home. I look forward to helping you and your family realize your real estate dreams.

In the meantime please visit me at www.GeorgiaRealEstateOnMyMind.com, e-mail me at sara.hibbard@metrobrokers.com or CALL ME ANYTIME at 770-399-8108!