Ormewood Park Home Sales Report
Atlanta, Georgia 30316 :: 2Q 2017 (April-June)It's time again for the Ormewood Park home sales market report! The Spring selling season was nothing short of A-MAZING with Ormewood homes literally flying off the shelves and a majority are selling for at least the full asking price. Because of the low housing inventory and ultra-high demand, the average sales price in this charming Intown neighborhood just keeps rising! See the full 2Q 2017 Ormewood Park Home Sales Report below....
Overview of the Ormewood Park Real Estate Market
ORMEWOOD PARK HOME SALES
36 Ormewood Park homes sold between April and June and that's right on par with the same time last year when 39 homes sold.
At the time of this post, there are only 14 Ormewood Park homes for sale so there is a definitely a significant housing shortage if you consider that 12 homes sell each month, on average.
The average single family home sales price is $396,717. That is up $40,000 from the same time last year, an astounding 11% increase in just one year!
* Single family home prices ranged from $156,000 to $627,700 last quarter
* There were quite a few recently renovated homes that sold and only two new construction homes.
HOW QUICKLY ARE HOMES SELLING?
Last quarter, Ormewood Park homes sold on average in 15 days. That is more than 50% faster than the same time last year when it took an average of 33 days to sell a home. The median # of days to sell a home in this HOT Intown neighborhood was only 6 days.
64% of the Ormewood Park homes sold LESS than a WEEK!
QUICK TIP: If you are thinking of selling your home in the next year, please make sure you price it correctly when the home is first listed. Not only will it sell faster, you will most likelly receive multiple offers and the home will sell over the asking price. Call us at 404-205-8800 if you'd like a few tips on how to find your home's fair market value.
*** See all the Ormewood Park home sales below, including how long each one took to sell, Just check the DOM or "Days on Market" column.
ARE BUYERS STILL WILLING TO PAY TOP DOLLAR?
Definitely! The list price to sales price percentage is 100.2%, so buyers are negotiating are paying 0.2% OVER sales price (on average).
22 Ormewood Park homes (61%) sold at or OVER the asking price..
Ormewood Park Home Sales in 2Q 201704/01/2017 to 06/30/2017 :: See all the latest Ormewood Park homes for sale >>
|787||Essie Ave SE||3||2||$449,900||$469,000||3|