Oakhurst GA Real Estate Market Update
Decatur, GA 30030 :: 2Q 2018 (April-June)It's time again for the Oakhurst GA Real Estate Market Report! As the City of Decatur's most highly-sought after neighborhood, the demand for Oakhurst homes has been extremely high for many years. With the influx of new construction and inventory shortages, the average home price is one of the highest in the Intown Atlanta area. If you are thinking of selling a home in Oakhurst (or buying one), please don't miss the latest quarterly trends report....
Spring 2018 Real Estate Market Report for Oakhurst
Oakhurst GA Home Sales16 homes sold in the 2nd quarter of 2018. That's down substantially from last Spring when 25 homes sold. The low inventory levels (especially for homes under $500K) and the growing stock of million dollar plus homes is definitely a contributor to the decrease in single-family home sales this year. . Even though there is an inventory shortage in the Intown Atlanta and City of Decatur neighborhoods, there are still a fair number of homes selling in this highly desirable n'hood. At the time of this post, 19 Oakhurst homes are currently listed (including the charming bungalow to your right!). ** See all the Oakhurst home sales that sold between April and June 2018 at the bottom of this article!
Home PricesThe average single family home price grew less than 1% ($6,000) year over year. This minimal increase could be a sign that the market is leveling off. It could also be that the previous Spring experienced such a BIG spike in the average sales price (12%) that the market couldn't support another significant increase.
- Home prices ranged from $430,000 to $1,100,000 last quarter
- Median sales price was $570,000 - much less than the average price of $695,038!
- Less than 10% of the Oakhurst homes sold were new construction properties
How Fast are Homes Selling?Last quarter, Oakhurst homes sold on average in 27 days. The median # of days on the market was only 8 days and that's probably a more accurate reflection of the current market. Overall, 50% of the Oakhurst homes sold in ONE WEEK or less.
Are Sellers STILL Getting Top Dollar?Definitely! The list price to sales price percentage is 99.7%, so buyers are negotiating a teeny tiny bit off the sales price (0.3% on average). 56% of the Oakhurst homes sold at 100% or more of the asking price.
Keep scrolling to see the latest homes for sale as well as recently sold homes in Oakhurst Decatur!
Or call us at 404-205-8800 if you have questions about the current Oakhurst GA real estate market.
Current Oakhurst GA Real Estate Listings
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Oakhurst Homes Sold in Spring 2018Single family homes sold between 4/1/2018 - 6/30/2018
|323||East Lake Dr||3||2||$569,900||$576,500||4|
Have questions about the Oakhurst GA real estate market and current home values? Call the Nest Atlanta team anytime. We're here to help!
Call :: 404-205-8800
Or visit :: inOakhurstGA.comMORE OAKHURST REAL ESTATE REPORTS: Oakhurst Real Estate Report for 1Q 2017 2016 Full Year Real Estate Report for Oakhurst 2015 Full Year Market Stats for Oakhurst Decatur