January is a good time to to review the Athens real estate stats for 2018. This information covers Athens Clarke County.
Based on the number of sales and prices, a desirable area for homes in Athens is Five Points. With many great restaurants, grocery and shopping options, many buyers want to live in this area. Some of the most expensive homes sales in 2018 were in Five Points. There were 63 homes sold for over $500,000, with more than half located in Five Points.
Home sales over $500,000
In 2018 there were 63 homes sold that were listed for $500,000 or higher. The average days on market was 96 days on market and the actual sales price averaged just over 95% of the list price.
Home sales $200,000-$500,000
There are currently 125 homes on the market in the $200,000-$500,000 price range in Clarke County. The average days on market is 111 and average price per square foot is $123.66. In 2018, 537 homes in this price range sold, at an average of 101.83% of the list price. This shows a demand for homes in this price range.
Home sales under $200,000
In 2018, 579 homes sold in Athens for less than $200,000. The average days on market was 62 days and the sales prices averaged 97.6% of the list price.
Is it a Seller’s Market?
There are currently 63 homes for sale under $200,000 and 125 between $200,000-$500,000. We are in a seller’s market, based on the number of active listings and the average time on market. If you’re curious how your value has changed Click Here to get your Home Value Report.
Is it a good time to buy a home?
Interest rates are still very low and as spring gets closer, we will see more homes come on the market. Buyers should be ready with a pre-approval letter in hand to have the advantage when buying a home.