Recent Sales in Sandy Springs, GA

Here are the 2007 statistics for the Sandy Springs, GA housing market as of February 26th, 2007. I have split the statistics up into three groups; homes under $500,000, homes between $500,000 and $1,000,000 and homes above $1,000,000. The statistics are gathered from the Sandy Springs MLS, which is part of the Atlanta First Multiple Listing Service, the FMLSGA under.

 Homes For Sale Under $500,000

Sandy Springs, GA

Under $500,000	2007
Active	74
Pending	23
Sold	23
LP/SP	94%
DOM	59

Active Listings - Currently there are 74 active homes for sale under $500,000.

Pending - The number of homes currently under contract is 23.

Homes Sold - The number of homes sold is 23.

List Price/Sales Price - The percentage of a home's original list price to the actual sales price is an excellent indication of whether or not buyers are willing to pay what sellers are asking for homes. In Sandy Springs this year, under $500,000, that percentage is 94%. This number does not factor in how much money seller's contributed to buyer's closing costs, therefore the actual number is slightly lower.

Absorption rate - If no new homes come on the market, the statistics indicate that all available homes would be sold in about 3 months. This is an indication that the real estate market is remaining strong.

Days on Market - Days on market indicates the amount of time on average that it takes for a home to go from listed to under contract. This year in Sandy Springs that number is 59. This is an indication of the overall strength of the Sandy Springs real estate market.

 

Sandy Springs Homes Between $500,000 - $1,000,000

Sandy Springs, GA

$500,000 - $1,000,000	2007
Active	190
Pending	27
Sold	21
LP/SP	95%
DOM	77

Active Listings - Currently there are 190 active homes for sale between $500,000 and $1,000,000.

Pending - The number of homes currently under contract is 27.

Homes Sold - The number of homes sold so far this year is 21.

List Price/Sales Price - The percentage of a home's original list price to the actual sales price is an excellent indication of whether or not buyers are willing to pay what sellers are asking for homes. In Sandy Springs this year, between $500,000 and $1,000,000. that percentage is 95%. This number does not factor in how much money seller's contributed to buyer's closing costs, therefore the actual number is slightly lower.

Absorption rate - If no new homes come on the market, the statistics indicate that all available homes would be sold in about 7 months. We are entering into the time of year where we traditionally see the greatest number of buying and selling interest so this number is a little skewed to the high side currently. This should settle down to a lower absorptionGA Over rate in the next month or two.

Days on Market - Days on market indicates the amount of time on average that it takes for a home to go from listed to under contract. This year in Sandy Springs that number is 77. This is an indication of the overall strength of the Sandy Springs real estate market. Under 90 days is a good barometer of a strong real estate market.

 Sandy Springs, GA over $1,000,000

Sandy Springs, GA

Over $1,000,000	2007
Active	143
Pending	17
Sold	7
LP/SP	93%
DOM	174

Active Listings - Currently there are 143 active homes for sale above $1,000,000.

Pending - The number of homes currently under contract is 17.

Homes Sold - The number of homes sold is 7.

List Price/Sales Price - The percentage of a home's original list price to the actual sales price is an excellent indication of whether or not buyers are willing to pay what sellers are asking for homes. In Sandy Springs this year, above $1,000,000 that percentage is 93%. This number does not factor in how much money seller's contributed to buyer's closing costs, therefore the actual number is slightly lower.

Absorption rate - If no new homes come on the market, the statistics indicate that all available homes would be sold in about 8.5 months. This is an indication that the real estate market is remaining strong. Luxury homes at this price point are expected to take longer to sell than less expensive homes.

Days on Market - Days on market indicates the amount of time on average that it takes for a home to go from listed to under contract. This year in Sandy Springs that number is 174. This number could change dramatically with a few more homes sold. More information is needed to determine a more accurate number.

One can look at the above data and see that if you are planning on buying a home or selling your home in Sandy Springs, with the proper guidance from a Realtor, and an understanding of where the real estate market is heading, you can achieve your goal. For more information, visit my Sandy Springs Real Estate website.

Ryan Ward is a Realtor who specializes in listing and selling real estate in Sandy Springs. For more information about Sandy Springs homes for sale, contact Ryan Ward at 404.630.3187.

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