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

Posted By: www.SaraHibbard.com

Yes, it's time for another market conditions report.  Today, the focus is on the city of Cumming, GA.

Today, Cumming is experiencing new and sustained growth. The completion of Georgia 400 has helped turn Cumming into a commuter town for Atlanta. The city holds the Cumming Country Fair & Festival every October. The Sawnee Mountain Preserve also provides views of the city from the top of Sawnee Mountain.  In 1956, Buford Dam, along the Chattahoochee River, started operating. The reservoir that it created is called Lake Lanier.  The lake, is a popular spot for boaters and has generated income from tourists for Cumming as well as provided a source of drinking water for the Atlanta metro area

Today, as I write this, there is a total of 44,005 home listed and on the market in the entire Atlanta metro area including homes for sale in Cumming.  This number has been climbing during the past week and it finally looks as though people are starting to put their homes on the market.  A week ago, this number was hovering around 43,000 homes on the market which has actually created the beginning of a supply and demand problem for metro Atlanta (believe it or not).  

Likewise, in Cumming, there is a total of 917 actively listed homes on the market today.

There are 121 properties listed at or above $500,000 in Cumming today.  The highest priced property listed today in Cumming is listed at $2.65 million and offers the discriminating home buyer 6 bedrooms, 5 full and 1 half bathrooms.  Situated on a little over 1/2 acre of land, this stunning home offers all the elegant upgrades you'd expect and dramatic views of Lake Lanier.

Currently there are 41 homes in Cumming listed at or Under $100,000.  The lowest priced property available today in Cumming is listed at $19,000 for a 3 bedroom/2 full bathroom mobile home on a large lot.

Homes are selling in Cumming.  Today, there are 402 homes PENDING SALE in Cumming. 

Since January 1st 2012, a total of 327 homes have SOLD and CLOSED in Cumming to date.  Prices of SOLD properties ranged from a high of $1.299 million to a low of 36 homes SOLD and closed UNDER $100,000.  The lowest priced property sold went for $24,900 for a complete restoration project property. 

Sara Hibbard is a licensed Realtor in the state of Georgia.  If you're interested in the latest real estate statistics in your neighborhood, zip code or school district, give Sara Hibbard a phone call.  Sara will be happy to give you the latest breakdown of statistics and an idea of the competitive value of your home.  Sara is easily reached at 404-660-2481 or via e-mail at sara@SaraHibbard.com.  Visit Sara at her website located at www.SaraHibbard.com. 

Sara Hibbard is Glad Georgia Real Estate Is On Your Mind!