Windward Real Estate Market Update
By Ryan Ward | January 28, 2010
Windward continues to be one of the most well known and popular neighborhoods on the east side of Georgia 400 in Alpharetta. You can view all homes for sale in Windward along with full demographics information from our other website or you can search all Alpharetta real estate right here on our Alpharetta MLS page. Here is a quick market update:
- There are currently 61 active listings between $5,000,000 for 1065 Carnoustie Lane and 4320 Harbour Cove Ct listed for $247,500.
- There are an additional 12 homes under contract.
- In the last 60 days of data there have been 16 sales which means there is an average of 8 sales per month. The most expensive sale was $890,000 for a home originally listed at $1,150,000 in the Northshore section. It had been reduced to$997,500 before receiving an acceptable offer.
- The activity index, a measure of pending to active listings is 16% or 4.5 months. We need to double the activity index to compare it to the absorption rate with means sales volume and inventory appears to be quite steady. In this market, that’s a great thing!
The sales rate combined with the active listings means that there is about a 9 month supply of homes, but, Windward is tricky….that may or may not be applicable depending on your home (or home of interest if you are a buyer).
All in all this is a pretty good outlook. Windward is something of a reliable neighborhood and has been even through the difficult times we have experienced recently. If it’s time for you to think about listing your home, we would like the opportunity to compete for your business. We feel that our marketing plan can help you make more money and sell your home in less time without the hassle that sometimes come with a real estate listing.
All with our hassle free listing guarantee!
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