The numbers show that an increase in average sales price remains elusive.
I pulled home sales information by high school in North Fulton, comparing the first half of 2011 to the first half of this year. While the numbers aren’t wildly different by school, I think there are a few things we can take away from this interesting but not terribly meaningful report. First, here are the numbers:
While some schools saw flat home sales numbers, like Johns Creek and Centennial, Milton High School saw home sales jump 36% year-over-year. Roswell sales numbers shot up by over 23%. I think this reflects high demand for the two school but it’s all relative. All six North Fulton high schools have very good stats and garner demand by home buyers relocating into the area.
Northview was the only high school that saw average sales price move up, slightly, by 3.5%. It’s important to point out though that the total number of home sales in that school district were very low comparatively. A few high priced homes can skew that number easily. All the same, it’s good news for Northview.
Finally, the ratio of SP/LP moved up for all the schools except Centennial. That shows a tightening of the market, most likely due to the decrease of home inventory. The next thing that we should see, over the next 6 months is list prices increase. As that happens more widely, an increase in average sales price will follow as we’re starting to see for Forsyth County Real Estate.