Woodstock Real Estate Update: September 2015

fall real estate trends in Woodstock GAThe height of the busy season for residential real estate may be over, but the local market is still going strong. Read on for some insights into single family detached home sales in both Woodstock and Cherokee County over the past month.

September 2015 residential real estate statistics in Woodstock and Cherokee County, Georgia

Woodstock Cherokee County
# Homes Listed 181 504
# Under Contract 135 336
# Sold 142 332
Average Days on Market (DOM) 46 49
Average Sales Price to List Price (Ratio) 98% 98%
Average Sales Price to List Price (Actual) $247,239/$252,294  $241,803/$247,429

 

In Woodstock, the number of homes listed dropped from 196 in August to 181 in September, while Cherokee County saw a decrease from 552 to 504. Homes under contract decreased from 162 to 135 for Woodstock and 349 to 336 for the county, while the number of homes sold decreased from 175 to 142 and from 413 to 332, respectively.

These decreases are typical for the post-summer slowdown in real estate activity, as many families try to be settled in a new home before the school year starts. However, both Woodstock and Cherokee County were still quite active during the month.

Days on Market (DOM) increased in Woodstock from 36 to 46, while Cherokee County saw a smaller increase from 47 to 49. The average sales price to list price ratio increased in Woodstock from 97% to 98%, matching Cherokee County’s ratio which held steady from month to month.

And finally, Woodstock’s average sales price increased from $243,094 to $247,239, while Cherokee County’s dropped slightly from $244,959 to  $241,803.

All in all, the local real estate market continues to thrive in Woodstock and Cherokee County thanks to the area’s high quality of life in everything from public schools to parks. With a mix of walkable, new-construction developments, established swim/tennis communities, and other highly-attractive housing options available, the real estate market is only expected to grow here in Woodstock, Towne Lake, and Cherokee County.

FMLS SF Detached residences data Provided by The Premier Group, Keller Williams Realty Partners, Woodstock GA. Data believed to be accurate, but not warranted.

 

Photo by Hans via Pixabay