Kennesaw Real Estate Market Update
Posted by Abe Hirsh on Monday, April 4th, 2011 at 12:39pm.759 single-family homes sold in Kennesaw during 2010. The average home in Kennesaw sold for $205,000 which was an average discount off of asking price of 6%. On average, these 759 Kennesaw homes were on the market for 85 days before selling.
This year, 154 homes sold in the first quarter in Kennesaw. The average asking price was $209,000 and the average selling price was $190,000. homes sold at 91% of the asking price and were on the market for 89 days. When we compare the first quarter of this year to the first quarter of 2010 we see that the number of homes sold in Kennesaw was nearly identical, but there has been a 7.4% decrease in the average sale price year-over-year.
What does this mean for a buyer who is interested in Kennesaw Real Estate? While Kennesaw is a great place to live, It has now become more affordable than ever to own a great home. Buyers should be seizing this oppurtunity while it lasts because, due to historic declines in home prices, right now is a fantastic time to purchase your home in the Kennesaw area!
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