For the first week of real estate activity in January in the Alpharetta, Johns Creek, Milton, and Roswell markets we are seeing signs that the market is still open. 10 homes closed for an average of 20 days on the market and 96.9% sold price to the original list price.
354 homes are currently for sale and have been on the market on average for 124 days. We have also noticed that roughly 30% of the listings have done at least 1 price reduction and the average list price to the original list price is 97.5%.
What is working and not working? Well, take a look at our latest listing that just went under contract by clicking here 👈. Last week, our listing had multiple offers over asking, but then we see over 30% of other listings struggling.
For example, 40% of the active listings in Horseshoe Bend, 100% in Medlock Bridge, to 50% in Lakeside at Crabapple have had to do a price reduction. We will be paying close attention to price reduction trends as we continue to advise our clients in the Alpharetta, Johns Creek, Milton, and Roswell markets.
You can see the first 10 homes sold in our local market for the first week in 2023 were on the market for 20 days, which is a much quicker pace than what is currently in the pipeline to close and certainly the active listings. While there are still active buyers in today’s market it’s a new environment.
Click here 👈 to check out the latest listings in Alpharetta, Johns Creek, Milton, and Roswell! See something you like, then contact us and let our team of experts help you find your next dream home!
If you’re looking to sell in today’s market, don’t get fooled into free online tools, investors, selling to a friend to discounters. We know what it takes to get the best possible net price and can help every step of the way.
We are always here to help! If you have any questions, please reach out to us.