Homes for Sale 30068 & Homes for Sale Walton High School

| March 21, 2013 | Reply

Homes for Sale 30068 & Homes for Sale Walton High School

In February of 2013, 49 homes for sale in 30068 were listed for sale. Known as one of Cobb’s most expensive zip codes, the 30068 area consists of prime residential and retail with excellent schools such as Walton High School and a very desirable location to Atlanta, Sandy Springs, Buckhead, and Dunwoody. 20 of the 49 homes were listed over $500,000.

22 homes for sale 30068 sold in February, while 31 went under contract. Of the 31 under contract, 19 were in Walton High School, and 12 were in Wheeler High School.

Out of the 49 homes for sale in 30068 that came on the market, just less than half (21 to be exact) were under contract as of this blog post. 33 homes were listed in the Walton High zone, and 16 were in Wheeler High.

Homes for sale 30068

In Metro Atlanta through February, there are 31% fewer homes on the market in 2013 than there were a year ago. Buyer demand is outpacing supply in the most desirable areas of North Atlanta. 57 homes were listed in the 30068 zip code last February compared to 49 this February. With 16% less listings, and 16%  more homes under contract in February, you can see how this inventory shortage is getting worse.

It is a sellers’ market in East Cobb for the moment. Hopefully more balance will come with the spring/summer inventory boost. Look for prices to rise before then however. In order for inventory to increase, values will need to increase to a level that motivate sellers to sell. If someone purchased a home in 2007 at the peak of the market, they still may be upside down. Once prices rise, inventory should as well. If not, East Cobb may see a historic run up in prices.

Note: Data was gathered from the First Multiple Listing Service and is not warranted in any way.

 February Home Sales 30068

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State of Georgia Real Estate Trends

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Category: East Cobb Real Estate, East Cobb Realtor

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