Ormewood Park Home Sales Report 2016

Ormewood Park Home Sales Report 2016

Ormewood Park Home Sales & Real Estate Report 2016 (January – December) ::  Brought to you by Nest Atlanta It was a record breaking year for Ormewood Park!  Not only were homes flying off the shelves, home values rose faster than we’ve seen in more than a decade. Without question, this is the hottest neighborhood for rising home values Intown.  If you are a proud owner of a home in Ormewood Park, please read the Homes Sales Report below and then give yourself a pat on the back for investing in this fabulous neighborhood! . Overivew of the 2016 Ormewood Park Real Estate Market  HOMES SOLD  A total of 115 single family homes sold in 2016.  This is comparable to 2015 when 120 homes sold.  The demand for Ormewood Park homes is stronger than ever, but current residents love all that’s happening in the neighborhood and aren’t moving! We’re forecasting that this inventory shortage will continue throughout 2017. ORMEWOOD HOME PRICES We saw another HUGE (and we mean HUGE) increase in the average single family home sales price this quarter, at $359,270 .  That’s a $66,000 INCREASE from 2015.  Out of all the Intown Atlanta neighborhoods we recently surveyed, Ormewood Park had the highest year over year increase — 25.5%! To put this in perspective, let’s say that you purchased a $3000,000 home in Ormewood Park a year or two ago.  If you decided to sell it today, there is a good chance that your home is now worth about $400,000. Definitely worthy of a happy dance, right? A few more interesting nuggets: In 2016,  home sales ranged in price from $123,000 to $675,000, with the median sales price at $351,500....
Ormewood Park Bungalow for Sale | 851 Gilbert St Atlanta

Ormewood Park Bungalow for Sale | 851 Gilbert St Atlanta

Searching for Ormewood Park bungalows? Don’t miss… 851 Gilbert St SE in Atlanta, GA 30316 Nestled in the heart of Ormewood Park, this classic Craftsman Bungalow has OODLES of personality and charm. The rocking chair front porch greets you and once inside, your heart is sure to go pitter patter when you see the high ceilings, gleaming hardwoods and spacious living room with fireplace that opens to the dining room and kitchen. View more photos of 851 Gilbert St SE >> The eat-in kitchen is sure to please the family chef, with plenty of storage/counter space, large breakfast bar, stainless appliances, pantry / laundry room and offers easy access to the backyard… perfect for entertaining!  BTW, your jaw will drop when you see the backyard.  It’s a true outdoor oasis with a covered patio, screened porch, stunning in-ground swimming pool with waterfall and a pergola that’s made for nights dining under the stars. 851 Gilbert Street features four bedrooms and 2.5 bathrooms, including a dreamy master suite with access to screened proch, two walk-in closets (Elfa closet systems) and an en suite with double vanity and large shower. The fourth bedroom is upstairs and it is enormous! You can use it as a bedroom or a large family room – whatever works best for you and your needs. If you decide to make this your new “nest”, you’ll have some fantastic neighbors, Ormewood Park’s BEST backyard, and you will also enjoy all of the recent upgrades (see below). The location can’t be beat – a mile or less to the East Atlanta Village, Grant Park, dog park, Beltline Trail and the interstate. Welcome home!...
Ormewood Park Real Estate Market Report | 3Q 2016

Ormewood Park Real Estate Market Report | 3Q 2016

Ormewood ParkReal Estate Market Update Atlanta, Georgia 30316 :: 3Q 2016 (July-September) It’s time again for the Ormewood Park real estate market report!  This popular Intown Atlanta neighborhood had some of the biggest price increases last quarter and it’s safe to say that it’s one of the highest this quarter as well.  Home sales are up from the same time last year and we are also seeing some higher priced homes selling.  See the full Ormewood Park Real Estate Market Update below (it’s just a 5 minute read!)…. Overview of the Ormewood Park Real Estate Market HOMES SOLD 33 Ormewood Park homes sold in 3Q.  That’s up 33% from last quarter! At the time of this post, there are only 8 Ormewood Park homes for sale, so there is a definitely a significant housing shortage. HOME PRICES IN ORMEWOOD PARK The average single family home sales price is $356,820.  That is up $38,000 from the same time last year, a whopping 12% increase. *  Single family home prices ranged from $123,900 to $567,500 last quarter *  There were quite a few recently renovated homes that sold, but no new construction properties. HOW QUICKLY ARE HOMES SELLING? Last quarter, Ormewood Park homes sold on average in 24 days.  That’s about 50% faster than the same time last year.  The median # of days to sell a home in this popular Atlanta neighborhood was only 11 days.  That’s a more accurate represenation of the current market. 60% of the Ormewood Park homes sold in 2 weeks or LESS! *** See all the Ormewood Park homes that sold below, including how long it took to sell each one.  Check the DOM or...
Ormewood Park Bungalow | 883 Moreland Ave in Atlanta GA

Ormewood Park Bungalow | 883 Moreland Ave in Atlanta GA

Ormewood Park Bungalow Home for Sale 883 Moreland Ave :: Atlanta, GA 30316 Presented by the Nest Atlanta Group at eXp Realty :: 404-205-8600 Classic Craftsman Bungalow with rocking chair front porch, historic charm and a large addition that offers some amazing living and entertaining space.  When you step inside this gem, you will find high ceilings, gleaming hardwood flooring, a formal living room and  bonus room (office or 4th bedroom), plantation shutters and three fireplaces.  View more photos of 883 Moreland Ave SE. Just down the hall, you will find three more bedrooms, including the master suite that features more gleaming hardwood flooring, a walk-in closet and a large en suite with soaking tub, double vanity and shower.  In the rear of the home is an incredibly spacious family room / kitchen addition with French doors that open to the back deck and 2-car garage that you access from Eden Ave. If you decide make this your new “nest”, you’ll be part of a friendly, active neighborhood and can walk to Brownwood Park, as well as restaurants and events in Ormewood Park and the East Atlanta Village. Welcome home! . SEE MORE PHOTOS OF 883 MORELAND AVE SE >> Or call us today to tour it in person! 404-205-8600. . More about 883 Moreland Ave Bedrooms – 3 bedrooms + bonus 4th/office Bathrooms – 2.5 Parking – 2-car garage and driveway Est Sq Ft – 2,266 Year Built – 1930 Kitchen features – Stainless appliances, center island, tile countertops, view of family room Master bedroom features – walk-in closet, hardwood flooring, adjacent bath with two vanities, garden tub and...
Ormewood Park Home for Sale | 480 Glenwood Place Atlanta

Ormewood Park Home for Sale | 480 Glenwood Place Atlanta

Ormewood Park Home for Sale :: Presented by Nest Atlanta 480 Glenwood Place :: Atlanta, GA 30316 Nestled in the heart of Ormewood Park, this charming abode is just a hop, skip and a jump from all the restaurants and shops in Glenwood Park and the new Kroger development.  If that’s not enough, the East Atlanta Village and Grant Park are also just minutes away from 480 Glenwood Place by bike or foot. Learn more about 480 Glenwood Place…. Once you see 480 Glenwood Place, your heart is sure to go pitter patter when you step on to the oh-so-charming rocking chair front porch and once inside when you see the open floor plan that’s ideal for entertaining friends and neighbors. The bright and cheerful kitchen offers open shelving and vintage charm with a French door that opens to the rear deck and fully fenced back yard. Just down the hall are two nicely sized bedrooms, a laundry hall closet and an updated bathroom. View more photos of this Ormewood Park cottage. If you decide to make this your new “nest”, you’ll be part of the friendly, active Ormewood Park neighborhood, have some fantastic neighbors, and soon you’ll be a block or two away from the up and coming Southside BELTLINE trail. Welcome home! . VIEW MORE PHOTOS OF 480 GLENWOOD PLACE >> Want to be the first to tour this Ormewood Park home? Call us at 404-205-8600. . Learn more about Ormewood Park Real Estate at inOrmewood.com 480 Glenwood Place Southeast, Atlanta, GA 30316 is proudly presented by Kerry Lucasse and the Nest Atlanta Real Estate Group at eXp Realty....