January 2016 Covering 2015 Annual Results
The real estate market has recovered nicely throughout Forsyth County and The Preserve at Etowah is no exception.
- Average home sale prices have increased strongly every year since 2012. The average home sales price in 2015 was up 29% since 2012 in The Preserve at Etowah!
- Sale price to List price ratio remained strong in 2015 at 94% after peaking at 98% in 2014 from a from a low of 88% in the darker days of 2012!
- Average total days that Preserve at Etowah houses were on the market before selling dropped precipitously from a high of 311 days in 2012 to only 58 days in 2015. Only 2014 saw houses move faster at 35 days than any other year between 2007 and 2015. This is one number we’re all happy to see fall dramatically!
Prices and sales activity are both up since the dark days of 2009 – 2011 and even into 2012 where prices really bottomed out. The chart below shows 11 houses sold in 2015. Over the last 4 years 11.25 homes have sold in Preserve at Etowah on average. At that rate the neighborhood turnover rate is 12.3 years. This means owners like the neighborhood, staying over 3 years longer than the national average of 9 years before moving!