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Wednesday, November 10, 2010

If Its Wednesday, It Must Be Market Conditions Wednesday!





Wow! Another week and its time to focus on another Georgia city. This year I have been focusing on the current market conditions of specific Atlanta metro area cities on Wednesday's. Each week we put the spotlight on a particular suburb of the Atlanta metro area. So far we have reviewed cities and towns such as Acworth, Alpharetta, Atlanta, Austell, Ball Ground, Canton, Cartersville, Conyers, Covington, Cumming, Dallas, Dunwoody, Holly Springs and Hoschton.

Today the focus is on the city of KENNESAW.

One of Family Circle magazine's "Ten Best Towns for Families," Kennesaw takes pride in it's small town atmosphere and boasts abundant parks and green space, exceptional recreational programs and top-notch schools, including Kennesaw State University. Kennesaw's historic downtown features shopping, dining and attractions such as the Smithsonian-affiliated Southern Museum of Civil War and Locomotive History, the Smith Gilbert Arboretum and nearby Kennesaw Mountain National Battlefield Park. Family Circle's award was aimed at identifying the best communities nationally that combine big-city opportunities with suburban charm, a blend of affordable housing, good jobs, top-rated public schools, wide open spaces and less stress.

To give you a frame of reference, it might interest you to know that as I write this there is currently 66,233 homes on the market and actively listed in the entire Atlanta metro area. Likewise, according to the FMLS, there is a total of 631 single family homes actively listed and on the market in KENNESAW. There are also 127 condo / town homes on the market and actively listed in KENNESAW today.

Actively Listed Single Family Homes
This week, actively listed single family homes in Kennesaw range in price from $39,900 for a 1957 ranch style "fixer-upper" property with 2 bedrooms / 1 full and 1 half bathroom home. This home is within walking distance to downtown shops and restaurants. The highest priced actively listed property in Kennesaw is currently listed at $3.1 million and offers 6 bedrooms/5 full and 2 half bathrooms. This home is a country French European Estate home located on more than 20 acres of property. This is a beautiful home featuring a salt water swimming pool, impressive walnut hand-crafted staircase, marble floors, granite counter-tops and amenities too numerous to mention.

Actively Listed Town Home / Condos
The 127 town home / condos that are actively listed in Kennesaw range in price from $34,900 for a bank-owned "fixer-upper" property with 2 bedrooms/2.5 bathrooms in the Kennesaw Station complex to $425,000 for a 3 bedroom/2 full and 2 half bathroom unit with a 2 car garage at Overlook. This is a builder closeout end unit property that is move-in ready. All hardwoods on the main floor, Italian cabinetry kit.,Bosch appliances. Perhaps best of all, this home is maintenance free!

PENDING SALE
Currently there are 110 single family homes and 25 condo/town homes pending sale in Kennesaw.

SOLD Properties
Since January 1, 2010, there have been 652 single family homes SOLD in Kennesaw. Of the total 652 homes SOLD, Seventy Nine homes sold were under $100,000. The price range of sold homes starts at $26,250 for a 3 bedroom ranch style fixer upper to $1.025 million for an estate home with 6 bedrooms/5 full and 2 half bathrooms in the Enclave at Hadaway. Likewise, 148 town home/condo properties have been sold in Kennesaw since January 1st. These properties ranged in price from $23,500 to $415,000.

As you can clearly see the activity in Kennesaw has been robust in spite of current market conditions. HOMES ARE SELLING IN KENNESAW!

Sara Hibbard is a licenced Realtor in the state of Georgia. Sara is available anytime to discuss your needs and wants in a home or answer your many questions regarding the Atlanta metro real estate market in general or specifics regarding the buying / selling process. Sara is easily reached 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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