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Paulding County Homes: Sales Trends – A year in Review – December 2015 to December 2016

Posted by Craig Summers on December 30, 2016
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As you can see from the below two charts the Paulding County Real Estate Market Has changed DRAMATICALLY!  In looking at these numbers, I recommend you focus your attention to these things:

1. Active Listings = Number of Homes Available for Purchase. – In price ranges under $150,000 the number of active listings is down and in the price ranges above $150,000 the number of active listings is up.  This means homes, even ones in rough condition, are selling for more money in 2016.

2.  Listings Sold Last 12 months = How many homes have sold in the last 12 months. – In price ranges under $125,000 the number of homes sold is down and in the price ranges above $125,000 the number of homes sold is up.  Again, this means homes, even ones in rough condition, are selling for more money in 2016.

3. List Price  to Sales Price Ratio = What a buyer pays for the home divided by the listed price expressed as a percentage. If it’s above 100%, homes sold for more than the list price, on average. If it’s less than 100%, homes sold for less than the list price, on average.  – Not much has changed here from last year.  Homes are still selling at close to 100% of their list price.  It is notable to say in 14 of the 16 categories, the percentage has gone down.  This means sellers have agreed to accept less for their homes in 2016.  Another way to say this is there is more wiggle room in a seller’s price.

4. Days on Mkt. = The Average Number of Days it takes for a home to sell – In 11 of the 16 categories the number of days it has taken to sell a home has gone up.  This could be why there is more wiggle room in seller pricing, they may be willing to take less to sell faster.

Paulding County Market Overview December 2015

 

  Active Listing Pending Pending Ratio Listings Not Sold Last 12 Months Listings Sold Last 12 Months Sold Ratio Sold /Mo Invent. (Mos.) Average List Price (Sold Homes) Average Sold Price List Price  to Sales Price Ratio Days on Mkt.
0-49,999 6 3 50.0% 6 43 74.1% 3.58 1.7 $40,072 $35,185 87.8% 52
50,000- 74,999 11 13 118.2% 31 105 65.6% 8.75 1.3 $68,680 $64,903 94.5% 64
75,000- 99,999 52 23 44.2% 71 247 62.8% 20.58 2.5 $91,768 $88,143 96.0% 63
100,000- 124,999 78 59 75.6% 166 428 58.5% 35.67 2.2 $116,784 $112,932 96.7% 59
125,000- 149,999 91 54 59.3% 133 446 61.6% 37.17 2.4 $139,459 $136,473 97.9% 57
150,000- 174,999 79 38 48.1% 116 368 61.2% 30.67 2.6 $166,077 $162,296 97.7% 57
175,000- 199,999 87 41 47.1% 117 257 51.2% 21.42 4.1 $189,959 $186,846 98.4% 63
200,000- 224,999 55 30 54.5% 47 155 54.0% 12.92 4.3 $214,635 $212,207 98.9% 74
225,000- 249,999 65 18 27.7% 102 144 43.8% 12.00 5.4 $238,794 $235,888 98.8% 68
250,000- 274,999 47 19 40.4% 59 106 32.0% 8.83 5.3 $563,719 $260,285 46.2% 66
275,000- 299,999 44 17 38.6% 47 78 41.9% 6.50 6.8 $290,379 $286,311 98.6% 52
300,000- 349,999 39 6 15.4% 46 77 45.8% 6.42 6.1 $327,438 $321,822 98.3% 75
350,000- 399,999 22 3 13.6% 49 44 37.3% 3.67 6.0 $374,153 $373,132 99.7% 83
400,000- 449,999 14 0 0.0% 26 23 36.5% 1.92 7.3 $431,374 $427,780 99.2% 105
450,000- 499,999 19 1 5.3% 28 9 15.8% 0.75 25.3 $478,407 $469,000 98.0% 46
500+ 23 1 4.3% 26 12 19.4% 1.00 23.0 $912,235 $604,489 66.3% 113
Market Totals 732 326 44.5% 1070 2542 54.4% 211.83 3.5 $309,596 $265,179 85.7% 73
4 Wks Prior 570 145 25.4% 1087 2532 58.4% 211.00 2.7 $293,476 $265,080 90.3% 75

Paulding County Market Overview December 2016

  Active Listing Pending Pending Ratio Listings Not Sold Last 12 Months Listings Sold Last 12 Months Sold Ratio Sold /Mo Invent. (Mos.) Average List Price (Sold Homes) Average Sold Price List Price  to Sales Price Ratio Days on Mkt.
0-49,999 1 1 100.0% 11 36 73.5% 3.00 0.3 $52,254 $35,189 67.3% 61
50,000- 74,999 3 6 200.0% 15 64 72.7% 5.33 0.6 $74,946 $65,416 87.3% 65
75,000- 99,999 18 3 16.7% 50 201 73.9% 16.75 1.1 $97,332 $88,515 90.9% 71
100,000- 124,999 47 46 97.9% 107 408 67.1% 34.00 1.4 $120,000 $114,334 95.3% 53
125,000- 149,999 77 70 90.9% 108 521 67.1% 43.42 1.8 $140,621 $136,128 96.8% 48
150,000- 174,999 80 58 72.5% 90 441 65.9% 36.75 2.2 $166,262 $161,714 97.3% 52
175,000- 199,999 97 42 43.3% 122 375 59.0% 31.25 3.1 $191,720 $186,584 97.3% 64
200,000- 224,999 59 26 44.1% 81 243 59.4% 20.25 2.9 $221,094 $211,045 95.5% 66
225,000- 249,999 83 34 41.0% 90 205 49.8% 17.08 4.9 $253,793 $236,980 93.4% 81
250,000- 274,999 71 25 35.2% 90 182 32.0% 15.17 4.7 $269,514 $261,612 97.1% 79
275,000- 299,999 42 19 45.2% 54 128 52.7% 10.67 3.9 $295,915 $286,927 97.0% 93
300,000- 349,999 71 15 21.1% 84 120 41.4% 10.00 7.1 $332,133 $322,529 97.1% 88
350,000- 399,999 41 10 24.4% 50 64 38.8% 5.33 7.7 $386,760 $372,943 96.4% 106
400,000- 449,999 12 4 33.3% 15 24 43.6% 2.00 6.0 $443,671 $422,704 95.3% 139
450,000- 499,999 17 1 5.9% 30 17 26.2% 1.42 12.0 $491,546 $471,277 95.9% 124
500+ 39 1 2.6% 47 12 12.1% 1.00 39.0 $748,983 $695,075 92.8% 108
Market Totals 758 361 47.6% 1044 3041 58.4% 253.42 3.0  $   285,770  $  271,265 94.9% 87
4 Wks Prior 789 343 43.5% 1029 3015 58.2% 251.25 3.1  $   288,418  $  273,235 94.7% 80

This data shows you, in Paulding County Homes have never stopped selling.  The 2016 data shows more TOTAL homes have sold, but this is because more homes are on the market.  Average Sold price has slightly increased in 9 of the 16 categories, but only slightly.  Paulding County Homes are selling well, and you as a buyer can expect to be able to negotiate the price down slightly to get a Great Home for a Good Price.  Your Paulding County real estate agent can help guide you on what to do.  The good news is, Paulding County homes are still priced like they were 10 years ago.  If you buy a home today and the current real estate trends continue, your home should appreciate in value over the next 5-10 years, gaining you equity each year.