The Buice Road Connection….               

If you drive around our area you might get the impression that the real estate market has really softened up lately.  If you keep seeing some of the same houses still for sale, or the for sale signs just going away, and you can definitely get the impression that nothing is happening.  Well that’s not exactly true. After the mad dash of summer there has been a little seasonal slowing of the pace heading into the fourth quarter.  But there were still 8 closings in September and there are 5 deals pending right now, so there is still some action out there.

Something that affects our sales here in the Buice Road corridor that many don’t realize is the competition from new construction homes.  I am not necessarily referring to the $800,000 homes being built, and sold by the way, right here on Buice.  I am referring the new homes being built in South Forsyth County.  That’s where those home buyers with a $400 – $600,000 budget are going to compare homes with ours.  We have great schools here, but so does South Forsyth.  If your home is not keeping up with the competition from new homes you are really going to be up against it trying to get full value for your home when the time comes to sell.  Call me anytime and I’ll come by and give you the rundown on what the new homes have to offer and what economical steps you can take to insure that your home will be competitive when the time comes to sell. 

Buice Road Stats

2014 through Sept 30                                             2015 through Sept 30

Sales – 49                                                               Sales – 44

Low price - $318,000                                               Low price - $392,500

High Price - $2,750,000                                           High Price - $1,850,000

Other key points of interest:

 In 2014 there were several sales in the $300’s; in 2015 there has been one.

There are currently 23 active listings in the corridor, that is about a 6 month supply of houses which is a balanced inventory and reflective of a healthy housing market.

Doublegate has had 12 homes sales this year, after selling 22 through September in 2014

Oxford Mill has had 10 home sales this year, after selling 7 through September 2014

Remember that now is the time to consider what steps to take to prepare your home to give you the maximum return on your investment.  Call me anytime, I can help…                                              

Should I consider selling in 2015?

Selling Your House in 2015? Don’t Miss this Opportunity

by The KCM Crew on April 15, 2015 in For Sellers, Move-Up Buyers

Every seller wants to get the best price for their house. We learned in high school that the best price for any item will be determined by the demand for that item relative to the supply of that item.

We have reported that the inventory of houses for sale is well below normal numbers.

There is historical evidence that the demand for housing is about to increase dramatically. Each year, more homes sell in May, June, July and August than any other four months of the year. Here is a graph of home sales last year by month:

Bottom Line

You want to make sure your house is available for sale during peak selling season. If you are thinking of selling this year, contact a local real estate professional today.

Johns Creek Update/ 2014 Fourth Quarter

This is what’s really happening in 

Johns Creek Real Estate today:

Now that the fourth quarter is in the books, 2014 has turned out to be solid year in both sales and price growth in our area.  In the Eastern North Fulton area that includes some of Alpharetta, some of Roswell and all of Johns Creek unit sales of single family homes were up just over 12% compared to 2013, and the average selling price was up 6.2%.  And these numbers do not include most new home sales, which are becoming a real factor again in the area.  With the potential of rising interest rates and a persistent shortage of inventory prices should continue to rise, but at a slightly slower pace.  And since our high quality public schools and other amenities will continue to attract home-buyers to the area, unit sales may only be limited by the available inventory.

The fourth quarter of 2014 has had mixed results in our area:

•           In Eastern North Fulton there were 328 single family homes sold in Q4 which was up 10% over Q4 2013.  While the average price increased by over $20,000, or around 5%.
•         While in the Johns Creek High School area there were 66 homes sold, an increase of 10%.  And the average selling price was down slightly over 10%. 

Other school zones in Johns Creek area also showed marked improvement:

•          Chattahoochee HS area prices were down 4.6%, and unit sales were down 5.7%.  And the number of listings was down as well.
•          Northview HS area unit sales were up over 15% while the average price was down by 1.7%.

Buice Road area between Jones Bridge & Old Alabama (my neighborhood) still up!

•          The number of homes sold is up 43%
•          The average sale price is up 2.8%
•          The average days on the market to sell a house was 61 days

Contact me today at 678.206.6041 for a free, no obligation pricing analysis of your home!

#JohnsCreekHomesforSale, #AlpharettaHomesforSale, #JohnsCreekListingAgent