The real estate market has taken some major hits across the nation. Many people have lost their homes to foreclosure for many different reasons. However, the market is not in total shambles throughout the nation. There are still thousands of people who are in the market to purchase a home. These people have numerous options available to them. This is true in many areas and especially true in Woodstock, Georgia.
People interested in purchasing a home in Woodstock, Georgia have lots of homes to choose from. There are several homes on the market that have been foreclosed on. These homes are selling for less than the appraised value of the home. There are also a lot of short sales on the market too. In fact, there are over 700 homes currently in the process of foreclosure in this area.
The real estate market in this area is still fairly active, despite the number of foreclosures. There was over 900 homes sold in 2010 in Woodstock, Georgia. 78 of these homes were sold in December alone. The average sales price for these homes was around $180,000. Many of these homes were on the market for sixty days or less.
Woodstock, Georgia has not seen the drastic decrease in home equity like other areas around the nation. However, with the rising number of foreclosures it is inevitable that the prices will decrease some in the future. However, these prices will continue to make the area attractive to potential buyers. There is currently over 1400 homes on the market in Woodstock, Georgia to choose from. To see some of these homes, give me a call!