Oakhurst Real Estate Market Report 2018
Decatur, GA 30030 :: January - December 2018Every year that we research the home sales stats for the CIty of Decatur's most popular neighborhood, it's always a thrill. 2018 was no exception. Many homes are STILL selling in the first weekend, multiple offers are STILL commonplace and the average home sales price just keeps climbing. We hope you enjoy the 2018 edition of the Oakhurst Real Estate Market Report. If you have any questions about the numbers or the best time to buy or list a home, we're always here to help! Call anytime at 404-432-1844.
Oakhurst Real Estate Market Trends & Home Values
A total of 62 single family homes sold in Oakhurst in 2018. This is down by about 12% from the previous year, as inventory levels in this uber hot City of Decatur neighborhood continue to decline.
OAKHURST HOME PRICES
Thankfully one good thing did come out of having fewer home sales in Oakhurst this past year -- it drove the average home sales price up!. We saw another sizeable increase of 5.6% in the average single-family home sales price! The average Oakhurst home sold for $702,833 - that's a $37,000 increase from 2017.
* Oakhurst home prices ranged from $355,000 to $1,345,000 in 2018
* The median sales price was $643,500 (3.4% increase YoY)
* 12% of the homes sold were new construction
- The most expensive home sold was on East Lake Drive. It listed for $1.1M and sold for a whopping $1.345M!
See all the Oakhurst homes that sold at the bottom of this report...
HOW LONG DID IT TAKE TO SELL A HOME IN 2018?
Oakhurst real estate listings took 14 days to sell (median). That's almost 2 weeks faster than in 2017 and is also mostly likely a result of the limited number of homes for sale in the neighborhood.
An incredible 42% of the homes sold in the FIRST WEEK!
ARE BUYERS STILL PAYING TOP DOLLAR?
Most definitely! In 2018, homes sold at 98.9% of the asking price, on average. An astounding 42% of the Oakhurst homes sold at or OVER the asking price.
QUICK TIPS: If you are a home buyer, get in the mindset that you may have to pay the full asking price or slightly over. Also make sure you have a reputable, local real estate agent by your side that knows the Oakhurst real estate market inside and out and can help you structure your offer in a way that will make the seller choose you! If you are selling your Oakhurst home, there are quite a few things you can do to ensure that sell for top dollar and hopefully get 2 or 3 offers. Please give us a call at the number below and we'd be happy to share our strategy that generated multiple offers for more than 70% of our listings over the last 2 years!
Call anytime with your questions! 404-432-1844.
See the Latest Oakhurst Decatur Homes for Sale
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30 Most Expensive Homes Sold in OakhurstSingle Family Homes :: January 1, 2018 - December 31, 2018
|922||E. Lake Dr||5||4||$915,000||$897,000||7|
To learn more about the Oakhurst real estate market and get the neighborhood scoop, you can also visit us at: inOAKHURSTGA.com