(PRWEB) June 04, 2012
The most recent real estate report from Homes.org details the current activity and trends in the Atlanta real estate market during April 2012. The last few months Atlanta home prices have finally started picking up after lagging behind the rest of the country. High unemployment rate of 11%, foreclosures and large inventory levels have all held back the city’s real estate recovery.
According to data supplied by the Atlanta Board of Realtors (ABR), the April numbers were mixed. Below are some key findings for the Atlanta area:
- Total Sales in April 2012 were 3,698 are 5% lower than March of this year and 5% higher than April 2011
- Median Sales Price is $135,000 up 3.9% compared to April 2011
- Average Sales Price was $190,677.26 in 2012, up from $179,003.81
- April 2012 bank sales were down to 44% from April 2011
Atlanta home prices were up from a year ago but April wasn’t quite as strong as March in overall sales. The price increase corresponds with a drop in bank owned sales. REO sales have decreased both month over month and year over year, however, foreclosure sales are still higher than they were in 2010.
Mitch Kaminer, president of the Atlanta Board of Realtors, remains positive. “It's been the best spring season in five years." Atlanta real estate agents across the city are hoping that the April numbers signal a strong summer season.
Atlanta Real Estate Market Latest Information and Statistics
Counties: Fulton and DeKalb
Zip Codes in the City: 30060, 30301–30322, 30324–30334, 30336–30350, 30353
Population (Metro): 5,268,860
Total Households (2006-2010): 178,447
Median Value Owner Occupied Housing (2006-2010): $231,800
April 2012 Total Home Sales in Atlanta area: 3,698
April 2012 Median Sale Price in Atlanta area: $135,000
April 2012 Average Sale Price in Atlanta area: $190,677.26
Renters vs. Owners (2006-2010): 52.1% vs. 47.9%
Type of Home:
62.5% Single Family
Popular Atlanta Neighborhoods Seeing Improvement in Sales
- Atlantic Station
- Candler Park
- Cascade Avenue/Road
- Grant Park
- Lake Claire
- Lindridge/Martin Manor
- Peachtree Heights West
To learn more about the Georgia real estate or search for licensed real estate agents in Atlanta, GA, please visit: Homes.org
Homes.org is a fast growing real estate search portal that offers users much more than MLS listings. Homes.org gives users access to a rich collection of resources, including but not limited to, real estate listings, home owner finance tools and home service tools. Homes.org brings buyers, sellers and renters important information about the current markets and intelligent tools by partnering with real estate professionals from around the country. Homes.org is a subsidiary of Star Nine Ventures, Inc. headquartered in Austin, TX.
About Star Nine Ventures®
Star Nine Ventures® is an Austin-based, marketing-driven venture creation company targeting a wide range of national business-to-consumer online marketplaces. Star Nine's core mission is to build businesses that provide exemplary consumer experiences and unparalleled customer service.