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3rd Quarter 2008 Henry County Real Estate

by Leslie Edwards

In Henry County, there are currently 3386 single family homes FOR SALE.  The average list price is $241,519                                  From July1st through September 30th, 2008                                801 homes sold with an average sales price of $172,920              1165 homes expired unsold                                                         41% sold and 59% expired unsold

For homes listed as foreclosures                                                   82% sold and only 18% expired unsold.  A huge difference.        The average sales price of the foreclosures in the third quarter was $152,191, 12% less than all sold homes.                                       The average list price of foreclosure homes for sale during the same period was $178,331 or $63,188 less than the average list price of all homes.

The increasing number of foreclosures selling under market, drives  prices down.  Anxious sellers accept low offers and the prices continue to fall. Sellers who owe more than they can sell for, often find themselves unable to make their payments, and they end up letting their homes foreclose which continues to depress values... and the cycle continues.....

Nobody knows for sure where the bottom is or when the market will turn.  Thirty years esperience as a Realtor, through several market shifts, has taught me that the market always comes back.  I don't know when, but I believe it will.

The downside of an upturn in the real estate market is that lots of people will be kicking themselves for not buying real estate while the market was down.

If you want to discuss buying or selling, call me for a FREE consultation with no obligation.  In any real estate market, the agent you choose is important.  In a challenging real estate market the choice is critical.

Call me                                                                                      leslie edwards                                                                              sells real estate                                                                               770.460.9448                                                                          RE/MAX Around Atlanta

see homes at www.leslieedwards.com  email leslie@leslieedwards.com

 

Henry County Real Estate Activity 1 Year, 6 Months, 3 Months

by Leslie Edwards

The residential real estate in Henry County for the past TWELVE MONTHS.

 Status                          #                 Average Price        Ave Mkt Days     %

 For Sale Now            3856             $256,485                    144                              13.31 Supply

 Sold                             3476            $200,465                    106            44%          289.67 per month

 Expired Unsold          4431            $242,726                    185            56%

The market for the past SIX MONTHS

 Sold                             1460             $193,560                     109           36%          243.33 per month

Expired                          2581            $243,106                     186            64%

The market for the past THREE MONTHS

 Sold                               597               $193,741                     114           30%           199 sales per mo

 Expired                        1419               $236,536                      187          70%

Translation:  Based on the number of homes that sold over the past year in Henry County, we currently have a 13.31 month supply of single family homes for sale now.

The average number of homes sold per month has gone from a one year high of  289.67 per month to a 90 day low average of 199 sales per month

The percentage of homes sold dropped from 44% a year ago, to 36% over the past six months to just 30% in the past three months.

The average sales price has dropped 3% in the past 2 months 

When you look at these numbers, compare the average price of homes for sale, sold or expired.  The average price of the homes that do not sell are clearly higher than the average price of the homes that do sell and often the average price of the homes currently for sale is higher than the homes that sold and the homes that expired. 

These are the facts.  The good news is that In any market, the best properties sell.  You have to have the very best property or the very best price.

If you want an aggressive, straighforward, no nonsense real estate agent, call me for a FREE consultation.  No obligation.   My 30 years of negotiating experience negotiating can save you money.

leslie edwards, the name you know in real estate, 770.460.9448 direct .  Email leslie@leslieedwards.com     or visit  www.leslieedwards.com where you can sell all of the properties listed for sale and get important real estate information.

A proud RE/MAX agent since 1979.

your comments are always welcome.  le

                                                                       

 

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If you hear of anyone who wants to buy or sell in any of these areas, please mention me and then call me so I can contact them. I appreciate your referrals!