If It's Wednesday -- It Must Be Market Conditions Wednesday!

If its Wednesday, It Must Be Market Conditions Wednesday!

Every Wednesday, or perhaps should I say, as many Wednesday's as possible, I provide a market snap shot of current market conditions affecting a specific city in the Atlanta metro area. Wednesday's have become known as "Market Conditions Wednesday", as I publish details about what is ACTIVE, PENDING, SOLD in one of Atlanta's major cities.

Today, the focus city is on COVINGTON.

Covington is a city in Newton County, Georgia. The population was 11,547 as of the 2000 census. Census estimates in 2005 indicated a population of 13,856. It might interest you to know that Covington has served as the location for filming of several television shows including the TV Series In The Heat Of The Night, the first five episodes of The Dukes of Hazzard and major films such as My Cousin Vinny, Remember the Titans, Friday the 13th Part VI and Halloween II. Currently, The CWs television series The Vampire Diaries uses downtown Covington as the filming location for the fictional town of Mystic Falls, Virgina. Covington is located approximately 35 miles west of Atlanta along Georgia Interstate Route 20.

According to the latest FMLS data and as I write this, there are currently 72,731 homes on the market in the entire Atlanta metro area. Likewise, as I write this, there is a total of 296 single family homes on the market in Covington and a total of 5 condo or town homes available and actively listed for sale in Covington.

Actively Listed Single Family Homes
This week, actively listed single family homes in Covington range in price from $15,900 for a 1978 1 story 3 bedroom ranch style home needing a significant amount of work, to $1.325 million for an estate home in Lochwolde with 6 bedrooms/6 full and 2 half bathrooms on lakefront property.

Actively Listed Condo / Town Homes
Active Covington Town Homes / Condos range in price from $64,900 for a 3 bedroom/2 full bathroom ranch style unit on Hazel Street to $209,500 for a town home in a wonderful location in a premier Newton development with 3 bedrooms / 2.5 bathrooms and 4 sides brick construction.

Pending Sale
Currently there are 50 single family homes pending sale in Covington and 1 condo/town-home Pending Sale in Covington. The single family homes range in price from $16,781 to $369,000. The condo/town home property pending sale is listed at $119,500 and is scheduled to close on or before 9/30/2010.

SOLD Properties (5/1/2010 - 7/21/2010)
Believe it or not, homes are selling in Covington. Since May 1st, 64 single family homes sold in Covington. The sold prices ranged from $17,850 to $376,000. Likewise, during the period, there were no condo/town homes sold in Covington during the period.

So, as you can clearly see, there is activity in the Covington area -- mostly with single family homes. Please contact me if you are interested in a home in Covington or the Atlanta metro area. I look forward to guiding you throughout the process when the time is right for you. In the meantime, please feel free to call me anytime with your many questions regarding the real estate market in general or specifics regarding the relocation / buying / selling process. I can be reached at 770-399-8108or sara.hibbard@metrobrokers.com. Don't forget to visit my websites located at www.SaraHibbard.com and www.SaraHibbardRealEstate.com.