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Roswell Real Estate Market Update For 30076
By Ryan Ward | April 23, 2008
I’ve been posting some charts with updates on different areas of the market over the last week and today you can see a chart indicating the sold values for Roswell real estate in zip code 30076 over the last 2 years. There is a trend with all of the cities in North Fulton that differs from Metro Atlanta as a whole. Many agents and especially the news feeds us the “doom and gloom” of real estate, and, it is true that overall the market is down. However, it’s very important to remember that historically, real estate is an appreciating asset and should not be looked at as a short term way to make a buck, except for a small group of very savvy investors. So, without harping on about what’s good and bad about the market, I’ll just let you have a look at the ever important statistic of sold home values so you can see for yourself:
Here again you can see that another city in North Fulton has seen an overall increase in values continue over the last 2 years - Contrary to much of what you might have heard.
But This Probably isn’t the Great News You Thought
We are only talking about a very small increase of about 2% in values based on the trend line. This is not appreciation to write home about and it certainly is not the type of appreciation that you should be using as your ATM to withdraw cash! As usual, there is more to the story so you should know that while there have been modest increases in home values, they are somewhat offset by increased inventory and slower sales. Sales are off 30% and inventories are still increasing.
As Always…
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Topics: Roswell Real Estate |
April 23rd, 2008 at 5:34 pm
I think the media over simplies things. While some markets like California are seeing falling prices some markets are doing much better.
May 14th, 2008 at 12:21 am
[…] were $367,366 for quarter 1, 2007 and $373,665 for the first quarter of 2008 which is backed up in this graph I put together for the 30076 zip code a few weeks ago. While a 1.8% increase in value may not seem like the kind of returns you need to plan your early […]