Woodstock Real Estate Update: December 2015

winter real estate in Woodstock GAWhether you’re considering dropping out of the rental rat race in favor of buying a first home, upgrading to a better neighborhood, downsizing to a home where you can “age in place,” relocating to the area, or buying an investment property, The Premier Group is here to help you make your real estate goals a reality.

The holiday season always causes a slowdown in the real estate market, as most people are busy with family and community obligations and celebrations. However, some of those who have been trying to sell or who are particularly keen to buy may be more motivated to get their transactions wrapped up quickly so that they can relax and enjoy Christmas and New Year’s. You’ll see this decrease in activity in the residential real estate statistics below, but not to worry. The market is expected to pick up in the new year, so check back for our first Woodstock Real Estate Update of 2016!

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

Woodstock Cherokee County
# Homes Listed 105 292
# Under Contract 83 204
# Sold 150 340
Average Days on Market (DOM) 53 58
Average Sales Price to List Price (Ratio) 98.4% 98.3%
Average Sales Price $244,606 $253,066

The number of homes listed fell from 130 to 105 in Woodstock and from 345 to 292 in Cherokee County. The number of homes under contract fell from 117 to 83 (Woodstock), and from 246 to 205 (Cherokee County). Days on market increased for both areas, from 46 up to 53 and from 54 to 58, while the sales price to list price ratio dropped slightly (less than 1 percentage point each).

However, the number of homes sold increased substantially, from 101 to 150 in Woodstock and 277 to 340 for the county. Sales price also increased for both, further illustrating the phenomenon of motivated buyers. If you have questions about the local real estate market or would like to find out how much your home is worth, contact us today.

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 via Pixabay