If It's Wednesday, It Must Be Market Conditions Wednesday

If it’s Wednesday, it must be MARKET CONDITIONS WEDNESDAY.

This week the focus is on the City of AUSTELL.

Each Wednesday, I provide a market snap shot of current market conditions affecting specific cities in the Atlanta metro area.

Let’s take a look this week at details and ACTIVE, PENDING, SOLD statistics in AUSTELL.

According to the latest FMLS data and as I write this, there are currently 74,051 homes on the market in the entire Atlanta metro area. As you may recall, in my last report focused on Alpharetta written on May 12th there were a total of 72,611 homes on the market in the entire Atlanta metro area. So available inventory has increased by 1,440 homes since my last post.

Today, as I write this, there is a total of 243 single family homes on the market in AUSTELL and a total of 39 condo/town-home properties available and actively listed in Austell, GA.

Actively Listed Single Family Homes
Currently listed Austell single family homes range in price from $20,700 for a "fixer-upper" home with 3 bedrooms /1.0 bathroom which was built in 1971 to $349,000 for a 5 bedroom/4 full bathroom property located in Creekside at Wade Farm new construction home.

Actively Listed Condo/Town Homes
Active Austell condo/town home properties range in price from $8,000 for a 1974 vintage townhome with 3 bedroom / 2.5 full bathrooms located in Saddle Back Ridge to a 2005 newly constructed property in Mill Park with 3 bedrooms / 2.5 bathrooms priced at $200,000. This is a beautiful home with thousands in upgrades and architectural details including coffered ceilings, professional paint, molding throughout, travertine in the kitchen and master bath, large closets and much more.

Pending Sale
Currently there are 78 single family homes pending sale in Austell with prices ranging from $49,000 for a 3 bedroom/2.5 bathroom "fixer-upper" to a 5 bedroom / 3 full bathroom home in Brandemere for $219,900. Likewise there are 11 condo/town home properties Pending Sale in Austell with prices ranging from $10,900 to $100,000.

SOLD Properties (3/1/2010 to 5/24/2010)
It might interest you to know that from March 1st through May 24th there were a total of 69 single family homes sold in Austell and 12 town-homes sold in AUSTELL during the period.

Lowest Priced Single Family Home SOLD in Austell during the period was originally priced at $24,900. It was reduced to $19,000 and eventually sold after 53 days on the market 64% Sold Price to Original List Price for $16,000.

Highest Priced Single Family Home SOLD in Austell during the period was a new construction home originally priced at $229,900 and sold for $206,200 or 90% Sold Price/Original List Price (SP/OLP%). The property was on the market 61 days and closed on 3/09/2010. The home is a beautiful brick front with cement siding, two car garage, on a 1/3 acre corner, level lot.

So, as you can clearly see homes are selling in Austell! Please call me with your many questions regarding the Austell 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 or purchasing a new one. 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!