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Tuesday, February 2, 2016

What Can You Expect from Athens Real Estate in 2016?

Looking to buy or sell a home in Athens, Georgia? Click here to perform a full home search, or if you're thinking of selling your home,click here for a FREE Home Price  Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (706) 621-6085 for a FREE home buying or selling consultation to answer any of your real estate questions.

What did we see in the Athens real estate market in 2015? And what can we expect in 2016? We're going to find out today.

Our number of sales only rose by about 2% in 2015, but our average sales price rose over 7.5%. This includes all areas surrounding Athens, so this is great news for homeowners in the area!

However, when we look at just Clarke County, the number of transactions went way up and now sits around 1,500. The average sales price is just over $184,000.

In Oconee County, sales increased almost 21% and the average sales price rose 5.25% and now sits at $312,500.

So, what's going to happen in 2016? We're going to see prices continue to rise and more homes will be selling. Rising interest rates will push a lot of buyers onto the market, so it's going to be a great time to sell, but also a great time to buy. It looks like this year may be the best time to buy or sell in the last eight years.

Homes are getting more expensive, so if you're buying, it may be best to do so before May. If you lock in a low rate now, you can save thousands of dollars over the lifetime of your loan.

If you have any questions or concerns, please don't hesitate to contact me!