There were 23 homes sold in October 2012. In October 2011 there were 17 homes sold. Year to date in The City of Peachtree Corners 255 homes have sold compared to 177 for the same period of 2011. This represents over 30 percent more homes sold this year.
There are 53 homes under contract in various stages waiting to close. This is another excellent sign that we are on the road to recovery.
The average price of a home that sold in October, 2011 in the area which is now The City of Peachtree Corners was $283,620. The average price of a home that sold in October, 2012 was $276,114 in The City of Peachtree Corners. This shows a drop in price but this is a small sampling so one home could move the average significantly.
There is still plenty of inventory. There are 96 homes on the market which is a four-month supply.
This information was obtained in part from the First Multiple Listing Service (FMLS) which is not responsible for its accuracy.
Home searches are now easier than ever. We are proud to share our app with you and invite you to download it. For the iPhone, iPad and Android go to your app store, then to the business section and in the search field input Nancy Minor. You will be able to search all listed properties in the area.
Go to Peachtree Corners.com laptop or desktop computer addition information.
New on the market this week in Peachtree Corners: 3685 Creekstone Place