The $720,521 average resale sales price last month for Walton High School homes in East Side, Mount Bethel, Sope Creek and Timber Ridge Elementary Schools breaks the $700k barrier for the first time as shown in the following chart which compares 2018 to the single highest month in 2008 – 2017.
Real estate websites offer various search capabilities. Those used by agents are the most robust; however, many standard and semi-automated reporting aggregate data by city, county, or a region referred to as an “area”. Most consumers are limited to searching by map, zip, city or what some may term “neighborhood”. Who knows what goes into the algorithms of the online valuation models such as Zillow’s Zestimate.
The ability to search by school is invaluable because attendance lines don’t follow typical classifications or “natural” boundaries like roadways or rivers.
Here are examples of the dilemma faced when trying to get real estate market information for Walton High School in East Cobb.
- County is too broad, as it is just 1 of 16 high schools in the Cobb County School District.
- Zip is better but only about 40% of the homes in 30062, 30067 and 30068 are zoned for Walton
- MLS Area is worse than using ZIP codes as only about 25% of the homes in Areas 81, 82 and 83 are assigned to Walton.
The Walton High School reputation is a major contributing factor to home prices. Being able to dissect the market by high school is key.
It is our commitment to the area and focus on the higher value Walton High School homes that enables us to personally produce the stats on MillerGroupRealty at the elementary school level for various price ranges.
Contact us when moving comes to mind. We promise you’ll be Moved By The Experience.
It’s almost that time of year when the school year is over, and for some that means preparing to make that long anticipated move.
Here is a high level view of the current Walton High School real estate market as of 4/26/18. I chose $600,000 for this illustration because the higher value homes are our particular focus in just four elementary schools. Continue reading “It’s That Time of Year”
Real estate is a common topic of conversation at almost any social gathering, possibly because it is frequently reported in the news, more people own versus rent, and it seems someone in the conversation is planning to buyer, sell or invest in real estate.
These numbers may surprise many who live in East Cobb and specifically those with an interest in Walton High School single family detached homes in East Side, Mount Bethel, Sope Creek and Timber Ridge Elementary Schools. We specialize in this area because it is where we live and clients benefit more when we can implement our Best Home Marketing approach to selling and also be hyperlocal. Continue reading “Walton High School Home Sales”
Probably not surprising is that the Walton High School seasonal trend has remained fairly consistent with the number of Active Listings hitting lows in the January/February time frame and rising to their highest levels in June/July. (Note the difference in the summer period is about 2x the winter inventory.) Continue reading “The Walton High School Seasonal Trend”
Walton High School Oct ’17 Stats are now available at Miller Group Realty, including a detailed breakdown by elementary school (East Side, Mount Bethel, Sope Creek, Timber Ridge) and price range. Continue reading “Walton High School Oct ’17 Stats”
Push-button home valuation sites and ads are becoming commonplace, and consumers are becoming wise to the tactics and agenda of those offering the “answer” as a means of capturing contact information for lead generation purposes. (NOTE: Clicking through this post will not generate a landing page or request for any registration.)
Consumers are also learning that the accuracy of these valuations range from close to laughable. The reason the in-the-sky valuations can’t compete with on-the-ground professionals is the lack of accurate information about the subject property and those being considered as comparable. Every recent, nearby sale is NOT a comparable.
Relying on broad averages (whether metro Atlanta, Cobb county or ZIP code for Avg Sales Price, Days On Market, Absorption Rate, etc) is inadequate when it comes to making move/stay decisions because they disguise reality, which is why we track activity at the elementary school level within smaller incremental price ranges. Viewing the activity at this detail sheds light on the challenge of correctly projecting the sales price for a given subject property.
This bar chart demonstrates how one can be misguided. While it targets a subset of the popular Walton High School district and applicable price range, it displays a yearly average that removes the monthly (and perhaps seasonal or market shift) variations and provides what appears to be a very consistent metric from which to project an outcome.
The following adds an additional layer of detail (monthly stats) that depicts the challenge beset the Realtor in setting the right expectations for a prospective client.
We welcome calls from prospective sellers of higher value (generally $600,000+) Walton High School homes in the East Side, Mount Bethel, Sope Creek and Timber Ridge Elementary Schools who want credible information upon which to make decisions.
Why this narrow slice of the market? Because this is the area in which we live, and our clients benefit most when we can exercise our Best Home Marketing approach to selling and also be hyperlocal. Concentrating on higher value homes removes the necessity for a transaction-bent business model. It also enables us to plan and execute strategies that are in the best interest of the seller and giving them a superior opportunity to net more at closing with less time on the market.
A visit to Miller Group Realty Walton Stats will reveal our dedication to the market in which live and some of the down-home stats that we monitor.