Did You Know: Size of Home Purchased

By Jessica Lautz, Research Economist

• The American Institute of Architects recently released a study, AIA Home Design Trends Survey, showing there is a growing demand away from McMansions and towards homes that are smaller.
• From the survey only 4 percent of architects reported their clients wanted more square footage this year compared to 16 percent last year.
• The smaller home size could be a reflection of a number of factors including the affect of the recession on home owners and home buyers mind set. Smaller is better and less is more. It could also be a reflection of home owners moving towards a more energy efficient home to lower energy consumption costs.
• The 2008 Profile of Home Buyers and Sellers showed the average home buyer purchased a home that was 1,825 square feet.
• Those who purchased new homes typically purchased home that were larger than those who purchased home that were previously owned.

Source: 2008 NAR Profile of Home Buyers and Sellers

Copyright National Association of REALTORS®, Reprinted with permission.

If you are a buyer in our market, these are probably the best buying conditions in 30 years! If you would like to search the Athens MLS with MapTracks please take a look at listings in our “Classic City” today! On this web MLS search solution you can search every listing on the Georgia MLS for the Greater Athens area or in your Georgia town!

Athens GA Home Sales; Week of Aug 10, 09

This week we have seen some shorter days on market for sales in Athens, GA. Please note the chart of 13 sales thus far for the week of August 10, 2009;

Statistics (13 listings)
	Low	High	Average	Median	Total
List Price	$28,500	$429,900	$156,260	$120,900	$2,031,375
Selling Price	$28,500	$415,000	$147,723	$110,000	$1,920,400
List/Sold(%)	85.00%	101.05%	94.60%	94.55%	--
Days on Market	19	661	150	65	--

Note the "High" sales was on the market for 661 days. The only other sale out of this group of home sales that was over $175,000 sold at $280,000 in 141 days. Roughly 85 percent of this week's sales were under the $175k level.

What is important to note is that sellers are still getting a tight 95 percent of list price. That is good for all of us!

Searching for Athens GA Listings on the MLS

Posted on May 7, 2009 by hankbailey

Getting to that time of year again! School is about out, community swimming pools are near to being open, and you are about to embark on a journey, a search for your next home. If you were not familiar with GA MLS, let me take a few seconds to tell you about it. Everything about GA MLS is really about “you” the consumer. GA MLS has been serving the needs of the Georgia real estate market for over four (4) decades!

GA MLS is the largest MLS (multiple listing service) in the Southeastern United States and has more than 100,000 listings in inventory for sale. GA MLS also comprises at this time 88 percent of the State of Georgia, including the Greater Athens Georgia area!

Search with confidence the Athens MLS through mlsfinder, the best IDX listing search solution in the real estate industry! Through this link you can set up your own “Search Saver” and “Favorites” user site to log into any time you feel like doing another search for that perfect “next” home purchase! You can also search by Map Tracks! This allows you to see where the listings are located on a map of the area, and not just have a line by line list of property listings to hunt and peck through!

If you have any questions or comments please let me know. My goal is to provide information, but also to assist in your real estate needs in the Greater Athens area! Feel free to also check out my Featured Property listings where I am marketing currently more than 30 properties for sale!

Athens GA Homes, Trulia, and Snapshots!

Want to have some fun in your Athens, GA housing search?  Try Trulia Snapshots at the Athens GA Homes blog. According to Trulia, “Trulia Snapshot is an experimental way to view listings on Trulia - you have to see it to appreciate it. With the TruliaSnapshot widget, you can show off Snapshot on your own website for free. Visitors to your site can browse through Trulia search results in a super-cool visual way.”    

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