According to real estate search engine Trulia, “There are currently 2,070 resale and new homes in Athens on Trulia, including 205 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Athens GA was $231,465 for the week ending May 27, which was unchanged compared to the prior week.” This means that only 9.9% of the Athens market is in a foreclosure state. This is a trend that I have noticed for weeks now in that foreclosures or the real estate owned (by banks) stage of the foreclosure process has consistently been 8-10% in the Athens area.
Most popular expensive zip code in town was again the 30606 zip. Prices here have increased to a median list price of $274,149.
In Oconee County, GA the Bishop zip code of 30621 had the highest median list last week of any Oconee zip at $451,311 while the Farmington zip code of 30638 had the easiest ticket into Oconee at a median list price of $304,900.
According to Trulia, there are currently 1067 resale and new homes in Oconee County, GA on Trulia, including 78 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. This represents an approxmiate 7.3% of homes listed on the market for sale.
In comparison, in Atlanta homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process were 46.5% of homes listed on Trulia for sale.
If you are a buyer in our market, these are probably the best buying conditions in 30 years! If you would like to search the Athens MLS with MapTracks please take a look at listings in our “Classic City” today! On this web MLS search solution you can search every listing on the Georgia MLS for the Greater Athens area or in your Georgia town!
