The Woodmont Neighborhood Buzz – October 2023 Update!
Hello, wonderful neighbors! Get ready for a thrilling update on the vibrant real estate scene in The Woodmont Neighborhood, Cherokee County, GA. Your go-to real estate enthusiast here from the Lelak Real Estate Team at EXP Realty.
The Numbers That Matter
As of October 2023, our beloved neighborhood boasts a 3.23 Months Supply of Inventory. What's the scoop? Well, this signifies the time it would take to sell all current homes without new listings. For sellers, this low supply signals a fantastic opportunity to showcase their homes.
A Positive Trend in Inventory
Over the past year, we've witnessed a 32.92% increase in the Months Supply of Inventory. More homes on the market mean more choices for our wonderful buyers. The real estate landscape is blossoming, and options are aplenty!
Celebrating Success – 100.7% List to Sold Price Percentage
Let's talk success! The List to Sold Price percentage is a robust 100.7%. Translation? Homes are fetching slightly above the listing price on average. Sellers, it's your time to shine – the market might just maximize your returns.
Blink-and-You'll-Miss-It Days on Market
Impressive news alert! Homes in The Woodmont Golf & Country Club Neighborhood are spending a mere 12 days on the market. A clear sign of robust demand. Buyers, quick action is the name of the game to secure your dream abode.
Unveiling the Median Sold Price – $645,000!
Drumroll, please! The median sold price stands proudly at $645,000. Remember, this is the midpoint, showcasing the diverse price ranges available. Whether you're a buyer or seller, a seasoned REALTOR® is your ticket to navigating this dynamic market successfully.
Ready to Make Your Move? Let's Connect!
Exciting times for buyers and sellers! If you're considering a move, now is the prime time. Feeling a bit lost? Drop a comment – “seller” or “buyer,” and we'll whisk you away to our virtual seller or buyer seminar. Your roadmap to exploring options and essential tips for a successful real estate journey.
Remember, I'm your friendly guide, passionate about uniting people and homes.
Thanks for being a part of our community! If you found this update helpful, show some love – follow, like, and comment. Until next time, take care, and may your house hunting be filled with joy!
🏡📈 Quick Woodmont Market Update: Inventory up by 32.92%, homes selling at 100.7% of list price, typically in just 12 days! 💰💲 Prime time to sell and a competitive time to buy. Comment “seller” or “buyer” for a link to our virtual seminar. 🤝🌟 #WoodmontRealEstate #QuickStats #SellBuyNow
FAQ: Your Woodmont Real Estate Queries Answered!
Why is now a great time for sellers in Woodmont?
The current low supply of inventory and high demand create a seller's market, maximizing the potential returns for those looking to sell.
Are there options for buyers in Woodmont?
Absolutely! With a 32.92% increase in inventory over the last 12 months, buyers have a diverse range of homes to choose from.
How quickly are homes selling in Woodmont?
Blink, and you might miss it! The median days on the market are just 12 days, indicating a robust demand for homes.
Why is the List to Sold Price percentage significant?
A List to Sold Price percentage of 100.7% means homes are selling slightly above the listing price, benefiting sellers in the market.
What's the median sold price in Woodmont?
The midpoint stands at an impressive $645,000, showcasing the varied price ranges available in the neighborhood.
