Posted on May 22, 2009 by hankbailey | Edit
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.
| Athens | National | ||
| Zillow Home Value Index: | $151,974 | $185,992 | |
| 1-Yr. Change: | $14,379 | -$28,614 | |
| 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% | |
| Property Tax: | $1,837 | $2,973 | |
| Median Condo Value: | $133,000 | $193,500 | |
| Median Single Family Home Value: | $166,000 | $208,500 | |
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Thanks so much for the information. Great real estate stuff.
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