One of the biggest soapbox issues I have is that “real estate is local” not a national market. Information from Zillow.com shows the one year change on Athens, GA home prices is up a whopping 10.5%. Click the link for Athens Home Values on the Zillow badge below to view the Zillow Home Value Index for 1,5, and 10 years. On this line graph I think you will see that as a whole Athens has not only been resilient over the past year, but due to the University of Georgia, Athens real estate has been consistently positive for the long term.
|Zillow Home Value Index:||$151,974||$185,992|
|Zestimate Per Sq. Ft.:||$144||$226|
|Flips (Sold Twice Within the Last Yr.):||0.0%||1.3%|
|Turnover (Sold Within Last Yr.):||3.0%||1.8%|
|Median Condo Value:||$133,000||$193,500|
|Median Single Family Home Value:||$166,000||$208,500|