It is extremely cheap to borrow money for 30 years. Interest rates are lower than they have EVER been. Today’s buyers are able to get 30 year interest rates in the 3.5-4.5% range. This is improving your chance of selling your home. The statistics below, for Dallas Georgia homes priced between $100,000 and $125,000, tell us these homes have a 52.2 % chance of selling. That may not sound great, BUT, remember we just told you, interest rates are lower than they have EVER been. All the buyers that have been waiting for the perfect opportunity to buy a Dallas Georgia home have found it and they are buying. Let’s look at the statistics over the last 12 months. Here is the January 2012 Market Absorption for Dallas Georgia homes ranging from $100K-125K.
Current number of homes on the market _____92 _________
Number of homes that failed to sell in the past 12 months _____471________
Number of homes that Sold in past 12 months _____240________
Total number of homes sold per month _____20_______
Total Months worth of Inventory _____4.6_ _______
Current number of homes on the market ______92 ___
Number of new inventory for this period ______23____
Total Inventory ______115___
Number of Homes that will sell ______60 ____ __52.2%____
Number of Homes that will not sell ______55____ __47.8%____
Average Sold Price during the last 12 months _$108,098_
Here are the percentages over the last 12 months for Dallas Georgia homes ranging from $100K-125K
% of Homes Months Days on
Month that will sell of Inventory Market
January 2011 26.8% 8.9 96
February 2011 25.8% 8.9 94
March 2011 25.7% 9.4 95
April 2011 26.1% 8.4 113
May 2011 23.1% 9.7 88
June 2011 22.7% 9.8 85
July 2011 24.4% 9.9 88
August 2011 26.6% 9.0 90
September 2011 33.9% 7.7 88
October 2011 35.3% 6.8 88
November 2011 35.6% 6.7 91
December 2011 40% 6 92
January 2012 52.2% 4.6 86
You can see over the last seven months the “months of inventory” has gone down and the percentage of homes selling has gone up. This situation creates a shortage of GREAT homes with GREAT prices. It allows those homes with great prices to receive multiple offers. Multiple offers create a war between buyers and may push the price of your home above the listed price.
If you want to make sure your home is one of the homes that sells as quickly as possible, with as little hassle as possible, and for the most money possible, and it should fall into the range of $100,000 to $125,000; we believe your list price should be between $97,500 and 102,500. You may think that is low, but remember the plan is to create a war between buyers pushing the price of your home above the listed price.
There is a lot of free information available to you about buying, selling or investing in Dallas Georgia real estate. For complete information about the Dallas Georgia real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Dallas Georgia real estate at www.pauldingandpolk.com. Please feel free to contact me with any of your mortgage questions and I will me more than glad to answer your queries. Call me on my cell at 404 374 1620 or email me at craig@pauldingandpolk.com
For a FREE List of 3 Plus Bedroom Dallas Georgia Homes under $150,000 with prices, addresses, and descriptions click the link, fill out the form below.
