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The Green Sheet | May 2019

GET A PULSE ON THE TALEGA MARKET

It is not your imagination—Talega’s real estate market is incredibly active, with “For Sale” and “In Escrow” signs popping up throughout the community. Welcome to the spring of 2019 in Talega, where buyers are eager to take advantage of steady interest rates and an enticing selection of residential offerings.

Talega’s strongest and fastest market is single-family homes priced between $700,000 and $1 million. Average days on market for pending sales is hovering just under 20 days! And, at the time of this writing, there are only eight active listings priced under $1 million, all of which have been on the market less than 30 days.

This impressive upswing is a very healthy sign for Talega, with the pulse-quickening among move-up buyers looking for a home under $1 million. Sales for homes priced between $1 million and $1.5 million have also improved, with average days on market for closed sales hovering at just 48 days. The inventory in this range is higher, with 27 active listings and 14 under contract—an ideal balance.

Pricing across the board has increased over the last quarter, with an average 2018 fourth-quarter price of $1,084,000, and $1,207,851 for the first quarter of 2019. This sizable increase is mostly due to sales above $1.3 million, which were stagnant during the last half of 2018 and are now moving quickly. We are expecting this market to continue into the summer with favorable interest rates and stable pricing bringing more buyers to Talega.

To learn more check out the GREEN sheet!

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GREEN SHEET