General Area in 30189>Question Details

ed_ryan95, Home Owner in Woodstock, GA

Does anyone know what the Year over Year average increase has been for homes in Woodstock, (Etowah and Bascomb district in Towne Lake?

Asked by ed_ryan95, Woodstock, GA Tue Aug 27, 2013

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Per MarketTrends Data Source from CoreLogic – Woodstock GA 30189
Avg Sold Price : $194567 in 2013; $163103 in 2012 (19.29 % increased)
Avg Days on Market: 93 days in 2013; 122 days in 2012 (23.77 % decreased)

Per Local Market Insight April 2014 Data Source from CoreLogic – Woodstock GA 30189

New Listings: YTD 2014 - 291; 2013 -239 (21.8 % increased)
Closed Sales: YTD 2014 – 126; 2013 -168 (25 % decreased)
New Pending: YTD 2014 -197; 2013 -221 (10.9% decreased)
Median Sold Price – YTD 2014 : $184000; 2013 : $161500 (13.9% increased)

If you need Woodstock GA 30189 Market Statistics Detailed Report (Data Source from CoreLogic), please let me know. Thanks

Heidi Wang
Associate Broker
Mustang Properties
404-247-6913
RealEstateHeidiWang@gmail.com
http://www.SellingGA.com
http://heidiwang.listingbook.com
0 votes Thank Flag Link Tue May 13, 2014
Well Jimmy I might actually owe you an apology - if Ed's question is taken literally, then I guess we need to establish a track record over just this year. If we're looking back say 5 years, different story.

Towne Lake is like Bridgemill; desirable but both were hammered. There has been recovery - that is defined as mainly stability. Values may have moved up a bit from the bottom but I can say not in huge gulps. Most activity is in that first move up range, the higher stuff is still soft.

It's simple, sooner or later we have to stabilize and climb out, it just won't be at a rapid rate and it will happen fastest in the moderately priced homes. We're never getting back to the highs, success will be getting back to pre bubble levels....
Web Reference: http://www.hmtatlanta.com
0 votes Thank Flag Link Wed Aug 28, 2013
Thanks for your comments Hank but I live and work in Towne Lake and know the market very well. As long as the shortage is continuing, prices will increase in certain pockets like Towne Lake.
0 votes Thank Flag Link Wed Aug 28, 2013
I've seen a few as well and no buyers that I represent are going to those levels, the data isn't there to support it. This is not a recovery, this is a bounce and this bounce is not universal. Until the economy improves and DC stops propping up the real estate market so there's something "positive" to talk about we won't have a real idea if things have stabilized or not.
Web Reference: http://www.hmtatlanta.com
0 votes Thank Flag Link Wed Aug 28, 2013
Thank you Jimmy and Hank. I've seen some pretty staggering listing prices lately in our neighborhood. For the best interest of the neighborhood, I hope they get close to their asking price.
0 votes Thank Flag Link Wed Aug 28, 2013
Don't broadly assume that there has been an increase, that's not the case in every market. Within the Woodstock market you will see differences based upon schools (to the ES level), price range and even style (stucco vs brick, bsmnt vs slab).

Jimmy is fine kicking out FMLS stats but the bottom line is that to get the best picture you need to account for differences and that includes the influence of distressed sales.

The devil is in the data and that data doesn't always mesh with what people think.
Web Reference: http://www.hmtatlanta.com
0 votes Thank Flag Link Wed Aug 28, 2013
FYI, there is a huge shortage of homes for sale so if you are interested in listing, please list as soon as possible. Once interest rate start to climb and more homes get listed, prices will slow down.
0 votes Thank Flag Link Tue Aug 27, 2013
According the FMLS data July 2012 to July 2013 change was number of sales up 100% from 18 to 36 and sales price was up 25% from $212,185 to $266,179 for single family homes. Days on market decreased from 79 to 48.
0 votes Thank Flag Link Tue Aug 27, 2013
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