Spotlight on ROSWELL!
WOW! The week went fast! I’ve been out showing property all week and wrote a contract this afternoon. Who says the market isn’t moving?
Wednesday again! If you have been following this Blog, you know that one of my New Year’s resolutions is to provide a consistent Market Snap Shot of one of Atlanta’s metro cities each Wednesday all year. With the completion of this one, I’m 4 for 4 in 2011!
In 2010, I started spot-lighting individual cities in the Atlanta metro area. As the year progressed, this project didn't get the weekly focus that was originally intended. I'm proud to say, we're still on track to do better in 2011!
In 2010, we reviewed market conditions affecting the cities of Acworth, Alpharetta, Atlanta, Austell, Ball Ground, Canton, Cartersville, Conyers, Covington, Cumming, Dallas, Dunwoody, Holly Springs, Hoschton and Kennesaw. On January 5th we added the city of Lawrenceville to the list. On January 19th we reviewed Marietta and last week we looked at Powder Springs.
Today the spotlight is on the city of ROSWELL.
Roswell, GA is centrally located just north of Atlanta in north Fulton County. Some areas of Roswell are actually located in Cobb and Cherokee Counties and pay taxes to those counties rather than Fulton. Roswell is an affluent city with a progressive and small-town feel. The city boasts a strong sense of family and community as well as excellent schools and a truly great park system including the Chattahoochee River National Recreation Area which is part of the National Park System.
To give you a frame of reference, it might interest you to know that as I write this there are currently 61,411 homes on the market and actively listed in the entire Atlanta metro area today.
Likewise, according to the FMLS, there is a total of 615 single family homes actively listed and on the market in Roswell. There are also 168 condo / town homes on the market and actively listed in Roswell today.
Actively Listed Single Family Homes
This week, actively listed single family homes in Roswell range in price from $44,900for a 2 bedroom/1 full and 1 half bathroom "fixer-upper" property in Mountain Park built in 1949 to $5.75 million for a beautiful European Traditional estate home on 4+ acres with amenities and comforts too numerous to mention here. It is worth noting that there are ONLY 8 single family homes in Roswell listed under $100,000.
Actively Listed Town Home / Condos
This week in Roswell there are currently 168 condo / town-home properties actively listed for sale. These homes range in price from $29,999 for a 2 bedroom/2 full bathroom 1-level home in the Roswell Springs complex, built in 1980. This home would be ideal for a first time buyer. The property does need a coat of paint but other than that you’ll be free to explore all the Chattahoochee has to offer - trails, parks, water activities & more! It’s a simple and easy pop on GA-400 to get to interstates. Compare that to the highest priced condo/town home property listed in Roswell at $585,000 and located in Founders Mill. Built in 2003, this home offers 4 bedrooms/4 full and 1 half bathrooms in 3,400 square feet. This is an awesome end unit with a 2 car garage. Home features all hardwood floors, theatre room w/ bar, built-ins galore, gourmet kitchen with stainless steel appliances, granite counter tops, large private garden, plantation shutters, designer fans and is convenient to walking trails and historic Roswell.
PENDING SALE
On January 26th at 5:12PM, there are currently 106 single family homes Pending Sales in Roswell ranging in price from $80,000 to $539,000. Likewise, there are 20 Condo/Town-Homes Pending Sale today in Roswell priced from $65,000 to $335,000.
SOLD Properties -- Single Family Homes
From January 1st 2010 through December 31, 2010 a total of 879 single family homes SOLD and Closed in Roswell. The highest priced home to sell in Roswell during the year was originally listed at $1.475 million and sold for $1.405 million or 95% SP/OLP%. It closed after 322 days on the market on 4/26/2010. The lowest priced home to sell during the year is located in the Mountain Park area of Roswell. It was originally listed at $15,000 and ultimately sold for more or 105% SP/OLP at $23,000. This was a “fixer-upper” needing major renovations. The home was an adorable fixer upper cottage style home with 3 bedrooms and needed repairs. The buyer paid 100% cash and the property sold after 241 days on the market and closed on 10/29/2010
It is worth noting that during the year there was a total of 16 single family homes sold in Roswell under $100,000.
During the month of December 2010, 60 single family homes were sold and closed in Roswell. These homes ranged in price from $60,000 to $1.12 million.
SOLD Properties -- Condos / Town Homes
Between January 1st 2010 through December 31st 2010, a total of 190 condo / town homes were sold in Roswell. Priced ranged from $15,500 to $250,000.
From December 1st through December 31st, 20 condo / town home properties SOLD and closed in Roswell. Prices ranged from $27,000, to $274,000.
As you can clearly see, homes are selling in ROSWELL, GA. Call me for a tour of Roswell homes or questions regarding the Roswell or Atlanta metro real estate market.
Sara Hibbard is a licensed Realtor in the state of Georgia. Sara is available to answer your many questions at any time. Call Sara at 770-399-8108 or e-mail her at sara@SaraHibbard.com. Sara Hibbard is Glad Georgia Real Estate Is On Your Mind!
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