Roswell Towneship Townhomes Near Downtown Roswell
While we do see signs of change possible on the horizon in the overall real estate market in Metro Atlanta, it remains a seller's market for the majority of price points in Roswell and all of them under one million dollars. The Active/Pending ratio, which is a leading indicator, is lower for the second straight month at 47.1% compared to 54% that we saw last month. June is historically the busiest month of the year for real estate sales in Roswell and all of Atlanta. We would really like to see this number above 50%.
There were more sales this year in May at 168 than last year at 157 and this broke what looked like the beginning a slowing trend from the previous 2 months.
December will close out a strong month and a very good year for real estate in Martins Landing. As of December 17th, 61 homes sold and 5 more are slated to close before year-end. It will be just a few short of the number of homes sold in 2017, which is consistent with what we are seeing across Roswell and all of Metro Atlanta,
The average price of homes sold in 2018 is $337,197 with average days on market of 35 and homes selling at just over 97% of the original asking price. In 2017 there were 72 closings with an average price of $332,985 when the average days on market was 32 and right at 97% of the original price.
The most expensive home to sell this year was 8900 Martin Rd that sold for $500,000 and it only took 3 days to go under contract in April. The agent representing the buyer and the seller were out of 2 different Keller Williams offices. The list price was $499,000 and it sold for $500,000 with the seller contributing $10,000 toward the buyer's closing costs.
***Multiple Offers Received***
Below is our featured Martin's Landing home for sale and...
There is a potentially really good foreclosure listing that just came on the market today and I went out to have a look at it for a client. Like many foreclosures in the market right now, they seem to get more traffic than regular listings - even if they absolutely lookk like a mess in the pictures online. This listing has no sign in the yard and was just put on the market today. By the time I arrived at it at about 1:00 in the afternoon, there was already a family at the property in the driveway scoping it out.
I picked this one to follow because it's a very established neighborhood, the home sits directly on the golf course and it has a pool so it's something of a unique property for a foreclosure and could potentially sell quickly. You can view the details of the listing here.
This home was originally listed as a regualr resale and then withdrawn. At first, $565,000 and then reduced to $535,000 prior to being taken back by the bank. It's on the marekt right now for $415,900. I bring this up for a couple of reasons; one, in it's current state doing nothing more than cleaning it up, we know that it is not worth any more than $530,000 and second, to perhaps demonstrate a property that might have some instant equity for someone willing to take on this project.
Make no mistake, this home is a project, but, one that might be just right for someone with a bit of vision. Here are a couple of photos of the pool and the golf course lot: