Johns Creek Update / First Half 2014

What’s happening in Johns Creek in 2014?

In the first six months of 2014 there 1264 homes sold in North Fulton County east of GA400.  This includes all of Johns Creek, a good bit of Alpharetta and a tiny bit of Roswell.  That total was about the same as the 1256 sold in the first half of 2013.  The average selling price was a slightly less than $400,000 which was about a 3-4% increase over 2013. 

If we focus on zip code 30022 the numbers are similar.  Sales totals were almost the same year over year and the average prices were up a little over 3%.  The chart below details the 30022 selling prices month to month for the past few years.  What this chart indicates is that the prices in our area have held pretty steady for the past couple of years.  

In the Johns Creek High School district you see in the chart below that total sales volume has grown steadily this year.  This is very similar to the trend in the larger area:  Stable to slightly increasing prices with slow growth in number of contracts written.  What you don't see here though are the pre-sale numbers of newly constructed homes being built in the area right now.

Using the data from the neighborhoods along Buice Rd where I live, the results differ quite a bit.  As you see in the chart below the number of sales was up about 40%, and the average price was up 10%.  That is a significant difference from the larger area. 

All real estate is local-

If you read the newspaper and watch the news, you might think that real estate prices are up 15% and sales are through the roof, or are they?  Or you might think that new home construction is way down, or is it up?  It really depends on what day you read the paper.  If you look at the Case-Shiller Atlanta Home Price Index we are at November 2008 prices.  But does that mean that prices in Johns Creek are at 2008 levels? 

Real estate prices are really based on small areas like high school attendance zones and neighborhoods, and even subdivisions.  So watching the big trends is great but you really need someone with some local knowledge about your house and your neighborhood to get the answers you need.  Get in touch with me any time and I can access the information you need about your home. 

Please visit me at www.DeeSellsHouses.com for an update on Johns Creek real estate and other areas in the North Atlanta metro area. 

Thanks to the FMLS and the ReData Center for the information used in this update.

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