You hear the horror stories on the evening news. What is really happening in your neighborhood? First of all, the Oakhurst market data for 2007 was VERY promising. Homes on average were only on the market for 69 days, up just slightly from 59 days in 2006.
Oakhurst home values -- comparing 2006 vs 2007
Average Sale Price in 2006 = $313,096
Average Sale Price in 2007 = $376,777 (up 17%)
The 17% increase is partially due to the new construction homes in Oakhurst, which command a price of $550,000 to $900,000. To give you a better picture, let's compare the sales of the typical 3 bedroom / 2 bath home:
Average Sale Price of a 3 bed / 2 bath in 2006 = $302,994
Average Sale Price of a 3 bed / 2 bath in 2007 = $345,478 (up 12.2%)
In 2008, Oakhurst is also off to a great start:
# of Homes on the Market = 55 (range in price $180k - $789K)
# of Homes Under Contract = 9
# of Homes Sold = 4 (average price of $318,250)
If you would like to see all of the available homes for sale in Oakhurst, please visit:
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I live and work in Oakhurst and would be happy to answer any questions you may have about the neighborhood. Call me anytime at 404.432.1844.
REALTOR, Keller Williams
Call anytime @ 404.432.1844
In & Around Atlanta Real Estate Blog - Copyright 2006 - 2014 by Kerry Lucasse and the Nest Atlanta team with eXp Realty Atlanta. All information contained in this blog is deemed to be reliable but not guaranteed. If you need assistance with Intown Atlanta real estate, Kerry Lucasse and the Nest Atlanta Real Estate Group are always available to assist you with your residential real estate needs!
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