Blog Archive

Wednesday, September 15, 2010

If Its Wednesday, It Must Be Market Conditionss Wednesday!



Woops! I'm Bad. Sorry about that! I kind of got off schedule. We have not looked at Market Conditions since August 11th! Lets try to get back on schedule.

As you will recall, I try to provide a market snap shot of current market conditions affecting a specific city in the Atlanta metro area. Since starting this column in February, we have focused on the cities of Acworth, Alpharetta, Atlanta, Austell, Ball Ground, Canton, Cartersville, Conyers, Covington, Cumming and Dallas.

Today the focus is on DUNWOODY.

Dunwoody is a city located in metro Atlanta in northern Dekalb County, bounded by the Fulton County line on the north and west, Interstate 285 on the south, Peachtree Industrial Boulevard on the southeast, and Peachtree Corners/Gwinnett County on the northeast. Perimeter Mall and approximately 40 percent of the Perimeter Community Improvement District, is a self-taxing district of shopping and office buildings (including several high-rises), are both located in Dunwoody. The western part of the Perimeter Center edge city spans the Fulton county line into Sandy Springs. (The two sides of the PCID are legally separate, but work as one organization.) The tallest building in Dunwoody is the 34-story Ravinia 3, at 444 feet. Perimeter Center is served by the Dunwoody train station on MARTA's north line, while the other two stations in the area are both on the Fulton side. Dunwoody is also the home of American Idol's host, Ryan Seacrest.

According to today's FMLS data and as I write this, there is a total of 69,732 homes actively listed and on the market in the entire Atlanta metro area. Likewise, as I write this, there is a total of 214 single family homes available and on the market in Dunwoody. Additionally, there is a total of 92 condo/townhomes available today in Dunwoody.

Actively Listed Single Family Homes
This week, actively listed single family homes in Dunwoody range in price from $159,000 for a 1967 ranch style 5 bedroom/2 bathroom "fixer-upper" property on Peeler Road to a 6 bedroom/6 full and 2 half bathroom European traditional style home at the Enclave at Jett Ferry. This brand new model home offers Castel Entry Doors inviting you in. Owners suite is situated on the main floor, Kitchen offers a fire place, Keeping room. Terrace level is finished and offers a great extended living space. This home is listed at $1.7 million.

Actively Listed Condo / Town Homes
Active Dunwoody Town Homes / Condos range in price from $81,300 for a bank-owned yet charming 2 bedroom/1.5 bathroom townhome conveniently located just minutes off 285 in a quaint Dunwoody neighborhood with lots of old world charm. At the high end of town homes on the market in Dunwoody, is a 4-sided brick townhome featuring 3 bedroom/3.5 bathrooms. The master suite offers a fireplace and built-ins in the great room. The property also features a two car garage. This property was originally listed at $475,000 and has been reduced to $439,000.

Pending Sale
Currently there are 24 single family homes pending sale in Dunwoody. Of the 24 Pending, there is 1 property awaiting lender approval. These 24 homes range in price from $218,000 to $799,900.

Likewise, in Dunwoody there are 7 condo / town-homes currently PENDING SALE. They range in price from $50,000 to $285,000.

SOLD Properties (7/1/2010 - 9/15/2010)
Believe it or not, homes are selling in Dunwoody. Since July 1st, 49 single family homes sold in Dunwoody. The sold prices ranged from $229,721 to $1.8 million. Likewise, during the period, there were 2 condo/town homes sold in Dunwoody with price tags of $280,000 and $295,000.

So, as you can clearly see, there is activity in Dunwoody -- predominately with single family homes.

Please contact me if you are interested in a home in Dunwoody 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 770-399-8108 or sara.hibbard@metrobrokers.com. Don't forget to visit my websites located at www.SaraHibbard.com and www.SaraHibbardRealEstate.com. Until then, Happy House-Hunting!

No comments:

Post a Comment