56% Less East Cobb Homes for Sale – January 2013

| February 25, 2013 | Reply

East Cobb Homes for Sale Stats for January 2013

Lower listing inventory and a significant increase in East Cobb Homes for sale is creating significant problems for East Cobb home buyers early in the year as the furious pace of the East Cobb housing market continues in January 2013. 150 homes sold in January in all of East Cobb regardless of school zone. Compare that with 2012 where there were 102 home sales.

Twenty seven of January ’13 homes sold over $400,000 compared with 16 in 2012. 3 over one million.

So what does this mean to inventory in East Cobb? Well, there are 9% less homes listed in January 2013 vs last year.  With a 47% increase in the number of sales, and a 9% decrease in listings for sale, there are  56% less East Cobb homes for sale than last year.

31 homes sold in less than 2 weeks. 76 homes sold in the Lassiter, Pope, and Walton high school zones. The  rest are divided in Kell, Sprayberry, and Wheeler. The most expensive East Cobb Home to sell was in the Atlanta Country Club for $978,000, it sold in a very fast 11 days. (data gathered from the First Multiple Listing System FMLS)

If you’re a relocation client it’s important that you be in a position to “pounce” on the right property when you see it avai

lable. I do see sellers attempting to push prices higher on initial listing price, and some of them are successful. I am also seeing some sellers take “contingencies upon closing”. Rarely will I see a full blown contingency on selling. The difference between the two is that one has a solid contract on their home already, and the other simply has it listed.

As always, please give me a call if I can be of help. As you can see, I know the East Cobb real estate market like the back of my hand.

Terry Burger

Luxury homes east cobb

This home in Atlanta Country Club was the most expensive sale in January 2013. It sold for $978,000

Other articles of interest:

http://www.ajc.com/news/business/metro-atlanta-housing-recovery-gains-momentum/nT9ZG/

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Category: East Cobb Real Estate

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