Thursday, August 25, 2011

Real Estate in Numbers: Clayton, Henry, and Fayette County - # of Sales/Average Sales Price

In reviewing statistics from the Georgia MLS system, I put together a little graphic that reflects the changes in the market for the first and second quarter of 2011. To the right of the chart, I show what the average sales price was for each county for the second quarter of 2010 in comparison with the second quarter of 2011 and as you will notice, the Clayton, Fayette, and Henry County real estate market have all experienced depreciation since last year. If you review the quarterly numbers for 2011 so far, you will see that our market values are still continuing to decline with the exception of Fayette County as it experienced a very slight increase in average sales price; however, the county has still depreciated from 2010 to 2011. The good news is that the number of sales for the second quarter increased in all three counties from the first quarter to the second, although that's somewhat normal coming out of the winter months and going into the spring/summer. We expect to see further depreciation for the remainder of this year so if you're looking to sell your home and it's a must, then you may want to consider selling now before the numbers drop any lower!

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