Market Report on ACWORTH Today

Here is a market conditions report for June 19, 2013 focused on the City of Acworth, GA.

In case you haven't heard, Georgia and specifically the Atlanta metro area are no longer in a rain drought.  We've had plenty of rain -- finally -- this summer!

But now we have a new "drought" to worry about.  It's called the "housing drought".   A lack of available housing on the market for the current demand.   The housing drought has created a "supply and demand" problem within the real estate industry.  Too many buyers and not enough homes to sell them. 

To give you a frame of reference, typically by March each year we have an inventory of about 60,000 homes actively listed and on the market in the entire Atlanta metro area.  By May that number increases to around 90,000 to 110,000 homes on the market in the entire Atlanta metro area including homes for sale in your neighborhood, school district or zip code.  By the peak of summer, the number of homes on the market swells to 125,000 to 150,000 or more.

Unfortunately this progression never happened during 2012.  So far, it hasn't happened in 2013 either.  In 2012, we never reached a level of 50,000 homes on the market.  In 2013, we've been hovering around the 35,000 to 37,000 mark of actively listed properties.  As I write this, there is a total of 37,849 homes on the market and actively listed in the entire Atlanta metro area including homes for sale in ACWORTH.

Today, we are spotlighting the city of Acworth and the reality of the ACTIVE, PENDING and SOLD listing inventory to date on June 19th.

Currently, today, there are 363 ACTIVE single family home listings in ACWORTH.

Available homes in Acworth today range in price from $6,500 for a small 1 bedroom lakefront cabin at Glade Marina to $2,950,000 for a 6 bedroom/6 full and 1 half bathroom executive estate home on 3.45 acres.  This home offers every amenity imaginable including manicured grounds, a fabulous creek,and koi pond with bridges and waterfalls for a gorgeous outdoor affect.  The gardener in the family will love the green house.  A heated pool w/spa, cabana & tennis court are waiting for you.  This exquisite custom built home offers extraordinary attention to detail. There's a gourmet chef's kitchen with subzero appliances and exotic granite.  Flooring consists of travertine, marble & hardwoods with extensive crown & floor molding.  An in-law suite (or 2nd master & 2 bonus/den rooms on main).  A Royal master suite w/sitting room & spiral stair case to main floor are simply stunning.  There's also a wood paneled office for the executive. The whole family will enjoy the fully finished terrace level w/theater/rec room/bar/arcade/exercise room & full bath.

Today, there are 288 homes PENDING SALE today in Acworth.  These homes range in price from $16,000 for a bank-owned ranch style home needing major repairs and renovation to $1,175,000 for a 6 bedroom/6 full and 2 half bathroom historic Antebellum reproduction in Governors Towne Club.

During 2013 from January 1st through June 19th, 558 homes have SOLD and CLOSED in Acworth.  Likewise, from January 1st 2012 through December 31st 2012, a total of 1,284 homes sold and closed in Acworth.

For questions and specific market conditions affecting your sub-division, zip code or school district call Sara Hibbard at Better Homes & Garden's Real Estate Metro Brokers.  Sara is easily reachable at 404-660-2481.

Sara Hibbard is a licensed Realtor in the state of Georgia and specializes in working in the north Atlanta metro area including but not limited to the cities of Acworth, Alpharetta, Canton, Cumming, Dunwoody, Kennesaw, Powder Springs, Marietta, Roswell and Woodstock.  After putting a home on the market in Powder Springs on Friday May 31st, she received multiple offers and reached a binding agreement within 1 week of taking the listing.  The house is scheduled to close on Tuesday, June 25th.  Call Sara Hibbard with your many questions and concerns regarding the local real estate market.  Sara is easily reached at 404-660-2481 or via e-mail at sara.hibbard@metrobrokers.com.  Sara Hibbard is Glad Georgia Real Estate is on Your Mind!