Every 2 weeks The Komar Team researches and prepares several market analysis for its listing clients. In addition to their respective neighborhood, our Sellers receive an expanded analysis for their FMLS area. The number of homes that went under contract are listed in each $100K price point, and the sub-divisions are specified. Homes that closed during that 2 week period show list price, net sold price, % price sold to list price, and the neighborhood. For both closed transactions and homes under contract, short sales/foreclosures are noted.

For the period May 16-31, 34 homes went under contract in FMLS area #222, which is Forsyth County on the West/North side of GA 400. 9 of the 34 (26%) were distressed.
31 of the 34 homes under contract are listed at prices less than $400,000.

During this same time period there were 21 closings in FMLS #222 and 6 were short sales or foreclosures. Overall, these homes closed for an average of 83% of their list price. 18 of the 21 closings sold for less than $300,000.

So, why do we analyze the market to this extent? With a listing portfolio of nearly 60 homes, Cindy Komar and her Team strives to help our Sellers achieve a competitive advantage in this changing market, so they can price their home competitively and generate an offer ahead of other homes in their neighborhood. With fewer qualified Buyers, homes priced at or BELOW market stand a better chance to produce an offer!

Our next BLOG will rationalize why homes generally priced less than $400,000 are seeing the most traffic and offers. Look for that soon!

The Komar Team
www.thekomarteam.com
770.235.9032