This Month in Real Estate January 2018

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Real Estate Trends – Interested in Your Neighborhood?

(Information via Keller Williams)

This Month in Real Estate

Monthly VideoAccording to the National Association of REALTORS®, existing home sales accelerated significantly in November, reaching their fastest rate of growth in over 10 years. In spite of ongoing inventory constraints, particularly in the starter-home segment, and a healthy, growing median home price, homes are selling rapidly as buyers scoop up available properties.

Interest Rates

AccordingMonthly Video to Freddie Mac, 30-year fixed rates rose from 3.90 percent to 3.99 percent. This rate remains well below the historical average of 8.90 percent.

Home Sales

The National Association of REALTORS® reported home sales at a seasonally adjusted annual rate of approximately 5.8 million homes during the month of November. This was an increase of 5.6 percent from October and an increase of 3.8 percent from November of last year.

Home Sales Graph

Home Prices

Home Price Graph

The median home price increased to $248,000 in November, which was up 0.8 percent from October and up 5.8 percent from November of last year. The median home price has increased by approximately $13,600 in the past year alone.

Inventory

There was a 3.4-month supply of housing inventory in November, which was a 12.8 percent decrease from October. The total number of available homes for sale has decreased by 15.0 percent compared to November of last year.

Inventory Graph

Interested in what’s happening in the greater Athens area or your neighborhood? Submit a request for contact or give us a call for a no obligation review!

Brought to you by KW Research. For additional graphs and details, please see the This Month in Real Estate PowerPoint Report.The opinions expressed in This Month in Real Estate are intended to supplement opinions on real estate expressed by local and national media, local real estate agents and other expert sources. You should not treat any opinion expressed on This Month in Real Estate as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of opinion. Keller Williams Realty, Inc., does not guarantee and is not responsible for the accuracy or completeness of information, and provides said information without warranties of any kind. All information presented herein is intended and should be used for educational purposes only. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. All investments involve some degree of risk. Keller Williams Realty, Inc., will not be liable for any loss or damage caused by your reliance on information contained in This Month in Real Estate.

SOLD U SO!! 1140 Long Creek Drive, Watkinsville, Georgia

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Old Waverly Gem!

This home offers a large 1.3 acre private lot with two levels of outdoor entertaining space!

The open and inviting floor plan features an office or formal living room, great room with built ins, plus a keeping room off of the spacious kitchen. The owner’s bath suite has been recently updated with two closets with closet systems. Upstairs there are four bedrooms, two baths and tons of closet space!

The partially finished basement offers a 2nd kitchen/bar area, great room, game room and another bonus room, perfect for an office or additional bedroom. There is also a workshop area, and more room for expansion or storage galore!

A must see!

LISTED AT: $550,000 SOLD

 

Top 10 New Years Resolutions for 2018

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Here are this year’s most popular resolutions.

(Information and photo via Keller Williams)

It’s that time of year!

If you’ve resolved to ring out the old and start the New Year with clean slate, you’re in good company.

Here are the this year’s most popular resolutions:

10. Find a new / better job
9. Volunteer / contribute more to charity
8. Learn something new
7. Exercise more
6. Spend more time with family / close friends
5. Do more new / exciting things
4. Quit smoking
3. Make smarter financial decisions
2. Lose weight / eat healthier
1. Buy a home or move

Know someone that may need help with #1? At Jennifer Westmoreland & Associates, we’d be glad to help! Submit a request for contact or give us a call to customize a home sale or purchase plan, just for you!

SOLD U SO!! 2655 Maddison Avenue, Watkinsville, Georgia

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Oconee County new construction home featuring The Dream Plan!

This open and inviting home offers a great room with fireplace and eat-in kitchen w/ island and granite countertops, plus an office and half bath. The owner’s suite is on the main level along with 2 additional bedrooms and full bath. A 4th bedroom and full bath are located upstairs.

Located on just over an acre in Oconee ‘s Lee Ridge subdivision!

**Seller will pay 1st year HOA dues with acceptable offer.

LISTED AT: $330,000 SOLD

SOLD U SO!! 1090 Northwoods Road, Watkinsville, Georgia

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Completely renovated ranch in Oconee County’s convenient Northwest Woods!

This home features a beautiful new kitchen with large island that is open to the dining room, living room and keeping room. All baths are new, new flooring, lighting, fixtures. There is a deck overlooking the backyard, and there is a barn, great for storage or a great workshop space! Large level lot and a must see home!

LISTED AT: $325,000 SOLD

Special stips must accompany all offers (ask agent for details)– one or more of the owners holds an active real estate license in GA.

 

SOLD U SO!! 151 Sleepy Creek Drive, Athens, Georgia

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PRICED TO SELL!!!

Conveniently located, one level, ground floor condo in
Five Points just off of Lumpkin Street!

151 Sleepy Creek Drive offers 2 bedrooms and 2 full bathrooms. The condo features a great room/dining room combo and an open kitchen with doors to a private patio. The neighborhood is next to Memorial Park and is less than a mile to 5 Points!

All new lighting fixtures, added a backsplash to kitchen, new blinds in den, AND the HVAC has just been serviced for winter… all nice and bright and ready to go!!!!

LISTED AT: $95,000 SOLD

SOLD U SO!! 1730 Julian Drive, Watkinsville, Georgia

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One level brick ranch in the popular North Oconee school district!

This home features a great floorplan, offering a large great room with fireplace, formal dining room, a spacious kitchen with breakfast room and a split bedroom arrangement. All bedrooms are oversized and have ample closet space. The home also offers a partially fenced rear yard, whole yard irrigation and large deck.

LISTED AT: $265,000 SOLD

Home Care Tips December 2017

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Home Care Tips in the Greater Athens Area

(information via Keller Williams)

Home Care Tips December
You can keep your home in top shape with simple tasks throughout the year. This month, be sure to:

  1. Check your basement windows for drafts and/or cracked panes.
  2. Check on supplies around the home that could will be helpful if there’s a weather related power outage or other emergency. Batteries, non perishable food items, and blankets should be available.
  3. Replace the filter on your furnace to keep it operating as efficiently as possible.
  4. Clean faucet aerators and shower heads.
  5. Reseal grout on counters, walls, and floors to prevent staining.
  6. Drain approximately 2 gallons from water heater to eliminate sediment.
  7. Make sure any decorative lights you put up for the holidays are working properly before hanging them. Anything with a frayed or damaged cord should be discarded.

As always, we appreciate referrals from friends and past clients. If you know of anyone who is looking to buy or sell real estate, please send them our way! Give us a call or submit a request for contact today!

SOLD U SO!! 1305 Whitlow Creek Drive, Bishop, Georgia

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Located in Oconee County’s
popular Whitlow Creek!

1305 Whitlow Creek Drive is an almost new, 4 bedroom/2.5 bath home with a full unfinished basement. The main level offers a formal dining room, great room with fireplace and breakfast nook with built in bench seating. All of the stainless kitchen appliances remain. There is also a large deck and patio below with access to the basement.

The home sits on a spacious and private 1.28 lot!

Shows like new!

LISTED AT: $310,000 SOLD

SOLD U SO!! 589 Saddle Ridge Drive, Bethlehem, Georgia

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This split level home is conveniently located minutes to shopping and restaurants, plus it is near highway 316 in Bethlehem offering an easy commute to Athens, Atlanta and Monroe. There are 3 bedrooms and 2 full baths on the main level, along with a great room, living room, formal dining room and a spacious and bright kitchen! The lower level offers a full bath, office and large den. The garage is oversized and has a perfect workshop space!

LISTED AT: $179,900 SOLD