2013 vs 2014 Real Estate FACTS. No Smoke. Just FACTS.

Written by Posted On Thursday, 20 March 2014 19:21

I can go on for days describing the past year's real estate market. Tell you my thoughts, opinions...then, my opinions again. Then, maybe again. But, I know that there is nothing more convincing than pure, raw FACTS. Just ask a dinosaur. 

So...here are the facts. Hope you like numbers. 

February 2014 vs. February 2013 (according to FMLS statistics)


Statistics Overview Single Family Homes:

Single Family Homes had 3,123 closings which reflects a decrease of 12% over February 2013. The average sale price for Single Family was $227,074 for February 2014 vs. $199,380 for February 2013.

Residential Attached Homes:

Condo’s and Townhomes had 670 closings for February 2014. This also reflects a decrease of 13% over February 2013. The average sale price for Attached Homes was $187,103 vs. $165,359 for February 2013.

Year to Date Sales and Average Sales Price Overview:

Single Family Homes YTD:

There were 6,199 closings for Single Family Homes YTD 2014. This reflects a decrease of 9% over YTD 2013. The Average Sales Price YTD for Single Family Homes through February 2014 was $224,499 vs. $191,331 for YTD 2013. This is an increase of 17% for YTD 2014 vs. YTD 2013.

Residential Attached Homes:

Condo’s and Townhomes had 1,299 closings YTD 2014. This reflects a decrease of 6% over YTD 2013. The Average Sales Price YTD for Attached Homes in February 2014 was $185,398 vs. $156,346 for YTD 2013. 

Active Inventory Overview for February 2014:

Active Inventory levels continue to increase with 17,095 active listings as of the end of February 2014 vs. 14,331 2013. This represents an increase of active inventory for Single Family of 19%.

Active inventory for Single Family Attached continues to increase with 2,514 active listings as of the end of February 2014 vs. 2,485 2013.This represents an increase of active inventory for Condo’s and Townhomes of 1%.

Total Active Listings for All Property Types:

February 2014 27,211

January 2014 26,598

February 2013 24,026 

There are 8,278 new listings for all property types in February 2014 vs 7,999 new listings for all property types in February 2013. YTD for All Property Types: Total new listings for 2014 was 16,639 vs.16,344 for YTD 2013. 

Now It's Time for My Opinion


First, I want to give a HUGE shot-out to my college Statistic's professor. Much respect. 

Second, I'll give you a quick cliff notes version of these facts. For those non-College Statistic Professors that is. 

Fact 1: More homes are being listed. 

Fact 2: Homes are selling for more. 

Opinion 1: Color me red, and call me "ruby"....but, my take on these facts is that the Real Estate Market is making a come back!!!

Opinion 2: NOW, while the mortgage rates are still low, is the BEST time to SELL!

So, give me something to do while I'm getting my reality TV fix in and fill out this form and let me help you figure out what your home is valued at in this market. Words are nice and all...but, numbers don't lie. 

Except for that one "7" I met awhile back. That one was an exception to the rule. Oh, those 7's.  

CLICK HERE TO REQUEST YOUR FREE HOME VALUATION REPORT

Emily Benner l Realtor l PalmerHouse Properties l The SELLS Strong Team l 
678-458-2284 l www.SELLSstrong.com l www.SellingGAHomes.com

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Emily Benner - Path & Post Real Estate

Emily is a proven real estate professional with a depth of experience only surpassed by her passion to create amazing client experiences. By focusing on each client's unique needs and concerns she is able to leverage persistence, dedication, and compassion to help buyers find their path to the right home. Emily is a proactive guide along the journey and has a keen awareness of how to win the game of contracts for her clients. She is a North Atlanta resident and has a degree from Kennesaw State University. When she is not acting as a strategic guide, you can find Emily seeking a new town or campsite to explore with her two teenagers. Emily also enjoys horseback riding and supporting the communities she serves via various charities benefiting kids with cancer.

emily@pathpost.com

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