Realtor Beginning to See Positive Signs in Local Real Estate Market
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Cynthia Brown, a Realtor with Coldwell Banker Bullard Realty and a Forest Park resident, recently told members of the Rotary Club of Clayton County that she is beginning to see some encouraging signs in the local real estate market. Noting that she was speaking both as a resident and a Realtor, she said that speaking as a resident, “I love my community…this creative, eclectic, frustrating, unique community has become home to me and is actually an amazing place to live.” She continued, “As a Realtor, I can tell you that Clayton County offers buyers family friendly parks, churches with steeples and adjoining small cemetery plots and street after tree-lined street of delightful mid-century style homes and bungalows — the perfect neighborhood for those seeking affordable entry-level housing or investment opportunities.”
Brown informed the group that “currently in Clayton County, we have 803 active listings with an average sales price of $86,122, and that does not include the 465 listings that are under contract with an average days on market time of only 61 days. In the past six months there have been 1,513 homes sold in Clayton County, and the average selling time from listing date to closed date is 68 days. The average sales prices are as varied as each individual community is, but the truth is that homes are selling in Clayton County. I listed two homes in Clayton County last week that we received 16 offers on. Most don’t know it, but there is a buying frenzy in Clayton County; it’s not uncommon to get calls weekly from buyers in all parts of the United States and Canada that are looking to purchase investment property in our area. Investors who invest money into properties in order to attract renters and who for the most part use local contractors to do repairs and maintain the property as well. We have a countywide absorption rate of 3.1 percent, which is much lower than Henry and almost half the rate of Fayette County. We’ve had 13 commercial sales listed thru MLS in the first half of this year, up from just seven commercial sales in the same time frame in 2010,” she said. “So, has our local economy suffered? Yes, like every other place in the nation, but I’m here to tell you we are seeing growth in Clayton County. And I’m excited about it.”
Brown, who has with the real estate company’s Jonesboro office and is now assistant manager of the McDonough office, was the highest-ranked Coldwell Banker agent in Georgia for 2010 in terms of total sales units and she is currently the number one Coldwell Banker listing agent in Georgia.