|Choosing the perfect home for you and your family is an extremely important decision. Online listings show you the basic details of a home, but how do you know whether or not it is a sound financial investment?
We go beyond the listing by analyzing historical sales, gathering detailed information on schools and local amenities, assessing trends in the local market, and studying economic conditions in order for you to make the best decision possible.
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(Information via Keller Williams)
According 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.
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.
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.
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.
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.
As usual, the kitchen is the focal point on interior value. From there, it’s the bathrooms and wood floors (instead of carpet) which boost your return. But what folks may be missing is what I call the “big ticket items”. Buyers are savvy when it comes to research these days. And when they get the Seller’s Disclosure, they’re looking for these important factors: The age of the roof, HVAC system and water heater. So if you have a 30-year roof, and it’s 27 years old, replacing it is a tremendous selling point that may give you the edge over the competition. The same goes for the other components I mentioned. The good thing is that you can likely get the value back out of these upgrades. Let’s face it: buyers will spend their budget on the purchase…and rarely have additional money set aside to replace the roof, HVAC, water heater, etc. So check up on the ages of these systems. If they’re near the end of their shelf-life, you may seriously want to consider replacement prior to listing. If all of them are in great shape, then go ahead and splurge on that big kitchen renovation.
Interested in your specific home or neighborhood? Submit a request for contact today, or simply give us a call! As your local real estate agents, we know the greater Athens area market!
(information via Keller Williams)
You can keep your home in top shape with simple tasks throughout the year. This month, be sure to:
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!
It’s Thanksgiving again, and Americans everywhere will be sitting down for a hearty meal with friends and family featuring the star of the show – the Thanksgiving turkey.
1. Contrary to popular myth, Ben Franklin did not advocate for the turkey to become the national symbol of the United States. In a private letter to his daughter, he did write that the recently adopted drawing of the bald eagle in the Great Seal of the United States looked a lot like a turkey, and in jest told her that, “He is besides, though a little vain and silly, a bird of courage, and would not hesitate to attack a grenadier of the British Guards who should presume to invade his farm yard with a red coat on.”
2. The wild turkey is one of the world’s fastest birds, capable of flying short distances at speeds up to 55 miles per hour and running up to 30 miles per hour. Most commercially raised turkeys cannot match the speed and ability of their wild counterparts. They are bred in such a way that their large breast muscles prevent them from flying at all.
3. The first meal eaten on the moon by Neil Armstrong and Buzz Aldrin was a turkey dinner with all the trimmings.
One level, traditional brick home on the golf course in Jennings Mill! This home features fresh interior paint and new carpet, hardwood floors, solid surface counter tops, plantation shutters, and all appliances remain! There is a great room with a masonry fireplace, formal living room, formal dining room, plus a huge walk up attic storage space! The spacious owners suite has access to the screened porch, and offers a large bathroom with a tub and separate shower, and double vanities!
LISTED AT: $300,000 SOLD!!
Calling all basketball players! The 3rd Annual Coaches vs. Cancer 3-on-3 Basketball Tournament will be on Sunday, January 25th from 1-7pm! This is a benefit tournament for the American Cancer Society – 100% of funds collected for this event will benefit ACS. All players must register through the Oconee County Parks and Recreation Department. The entry fee is $50 ($40 for early registration) per team of 3-4 players. The age groups for teams are as follows:
All minors must have a signed parent consent form. The registration deadline is Wednesday, January 21st.
For rules, registration and team entry forms, visit the Oconee County Parks and Recreation Department‘s website. Contact the program coordinator, Drew Torok, at firstname.lastname@example.org if you have any questions about this event.