The chart below is from the Athens MLS, showing market conditions – Five Points for January 1 – June 3, 2015 to 2016.
We have been searching for homes to show Five Points buyers over the past few weeks. Since it has been more difficult than past years, I checked sales for this year compared to last year for the same time period. The report shows that sales are up by 21.59% this year, and the sales prices are up 53.94%. That doesn’t mean home prices have increased that much, just that higher priced homes are selling now. The true “Five Points” area of single family homes are primarily the ones priced at $250,000 and up. The number of sales at $250,000-$300,000 are down for the year from 17 to 8 sales in 2016. Sales of homes from $300,000-$1,000,000 saw a significant increase, from 22 sales in 2015 to 43 sales in 2016.
Here is a summary of the number of sales for several years. 2016 is by far the best selling year for Five Points, for as far back as our MLS tracks.
FIVE POINTS NUMBER OF SALES 2012-2016 (January 1 – June 3)
The $160,000-$200,000 price range consists of condos and homes just outside the Five Points district but are included in the area by the Athens MLS. 39 of the 43 sales in the $300,000 up range are actually in the $300,000-$750,000 group.
We are seeing an increase in most areas around Athens. If you are curious about your home value, fill out the form below and we’ll get your valuation report to you along with MLS data on homes that have sold in your area.
NEW ON THE MARKET – Past 7 days: