What's on the Market-March 2012 in Forsyth County GA

Is the market coming back? Percentages do tell and for all Atlanta areas on our local multi list system in 2011 Atlanta was up 15% in sales quarter over quarter from 2010.  Inventory is at an all time low of 40% over the all time high.  Interest rates are hovering in the high 3% range. Even Clark Howard said now is the time to buy-and we all believe him, right? (I know my husband does...)

So I took some time to research what was on the market in Forsyth County in the last 30 days and here are the numbers from the local MLS system:

New on the Market     510                          

SOLD                          197                   
Pending Sale                242
Short Sale Pending       47
Price Reductions          335

In the larger FoCo neighborhoods-here is a quick breakout of recent market activity:

Grand Cascades             9 Active/4 pending
James Creek                 18 Active/7 pending of which 5 are short sales
Deerlake                        4 Active/1 pending
Laurel Springs               7 Active/5 pending
Polo Fields                   11 Active/1 pending
St Marlo                       39 Active/18 pending of which 7 are short sales
Olde Atlanta                10 Active/6 pending of which 2 are short sales
Vickery                        12 Active/7 pending of which 2 are short sales
Windermere                 36 Active/14 pending of which 3 are short sales

So homes are selling.  Homes priced right are selling faster and closer to their list prices.  What does that mean if you are thinking of selling-get your home clean, updated, painted, etc. and rpice it right and you will be on your way!  For more information you can contact me at 404-580-9969 or email me at hellomap@kw.com.  My website is www.maryannepayne.com .