North Metro Atlanta Market Analysis

North Metro Atlanta Market Analysis Reports

Cobb County

In Cobb County there were 530 sales in April of 2010 with a median sales price of $200,500. This is an increase from April of 2009 having 449 sales with a median price of $184,900. (Data compiled from FMLS & Realist)

Fulton County

Fulton County had 617 sales in April of 2010 with a median price of $231,000 as compared to 549 sales in April of 2009 with a median price of $203,900. (Data compiled from FMLS & Realist)

How Can I Use This Information?

This analysis provides the reader with a general awareness of the north metro market. The report includes, North Fulton, Dekalb, Gwinnett, Cherokee, Bartow, Cobb, and Paulding Counties.

Bearing this in mind, determining the listing price of a home in today’s market is extremely important. Over pricing a home will cause it to stagnate, remaining on the market for an inordinate amount of time and may ultimately result in a sale below market conditions. Conversely, under pricing a home may result in a quick sale but will cause the owner a loss in potential gain that may have been achieved by properly pricing the home to meet market conditions.

A working knowledge of the market is crucial in order to effectively negotiate a sale and/or purchase of a home. The information provided in this report is useful when determining the overall condition of the market area. However, within each market are sub markets. An accurate analysis of the sub market is necessary when pricing a home for sale or making an offer to purchase.

Hamlin & Company, Inc. has the knowledge and resources necessary to provide you with the information you need to effectively negotiate the sale and/or purchase of your home. Call today for a sub market analysis of your home.

Definitions

North Metro – As used in this report, North Fulton, Dekalb, Gwinnett, Cherokee, Bartow, Cobb, and Paulding Counties.

Salability – Comparison between the number of homes listed for sale and the number of homes sold. *It should be noted that many homes listed in the last quarter of 2004 sell in the 1^st quarter of 2005

Initial List Price – The asking price of a home upon entering the market.

Adjusted List Price – The revised asking price after entering the market. *May adjust up or down

Market Area – A generally defined area for analysis, i.e. North Metro.

Sub-Market – A specifically defined area for analysis, i.e. a specific neighborhood.

The data used to compile this report was obtained from ©2002-2004 first multiple listing service, Inc. Sales and Listing data is based on homes listed and or sold through ©2002-2004 first multiple listing service Inc. FMLS data is believed to be accurate but is not warranted ©2005 Hamlin & Company, Inc., a Georgia license Broker, Powder Springs, GA, is a member of ©2002-2003 first multiple listing service, Inc.