Woodstock Real Estate Update: June 2015

summer real estate WoodstockIt’s hard to believe summer is almost over! The season really has flown by, and now Cherokee County students are savoring those last days of freedom before school starts back on Monday, August 3rd.

The summer real estate season has been a busy one this year, so read on for a look at the June real estate statistics for single family detached homes in Woodstock and Cherokee County.

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

Woodstock Cherokee County
# Homes Listed 259 659
# Under Contract 161 348
# Sold 201 481
Average Days on Market (DOM) 47 54
Average Sales Price to List Price (Ratio) 98% 98%
Average Sales Price to List Price (Actual) $243,675/ $247,565 $252,764/ $257,058

 

The number of homes listed in Woodstock increased from 254 last month to 259 this month in Woodstock, and Cherokee County saw an increase as well, from 636 up to 659. Homes under contract increased more substantially, from 128 to 161 in Woodstock and 334 to 348 in Cherokee County.

The number of homes sold followed suit, with 201 homes sold in June in Woodstock (compared to 144 in May) and 481 in Cherokee County (compared to 387 in May). This increased activity in the market is typical for summer months, when sellers and buyers alike are motivated to get their real estate deals done and settled in time for kids to start back to school.

Average days on market increased from 35  to 47 in Woodstock and 49 to 54 in Cherokee County, probably due to the fact that there were more homes on the market to compete with. The sales price to list price ratio held steady at 98% for both areas, but actual sales prices dropped slightly in Woodstock.

Ready to sell your home and/or buy a new home in Woodstock, Towne Lake, or elsewhere in Cherokee County? The Premier Group is here to help! Contact our Keller Williams Realty group today to discuss your needs with one of our friendly real estate agents, or visit our office in downtown Woodstock!

 

Photo by Jedidja via Pixabay