Lassiter High School Real Estate Market Update

Cobb County, Georgia  :: 3Q 2016

Marietta homes in the Lassiter High School district are always in high demand.  We wanted to show you how well the market is doing with the 3Q Lassiter HS real estate market update!  You’ll be able to find out if home values are on the rise, how quickly East Cobb homes are selling and get the latest scoop on market trends so you can decide if it is the right time to buy or sell a home.  See the full Lassiter High School Real Estate Report below (it’s just a 5 minute read!)….

Report cover page for the Lassiter High School home values report

Overview of the Lassiter High School Real Estate Market

HOMES SOLD

130 homes sold in the Lassiter HS district in 3Q.  That’s down by about 10% from the same time last year, but as you’ll see below, the low inventory is helping the homeowners sell their home much faster.

See the latest Lassiter High School real estate listings >>

HOME PRICES IN LASSITER HS DISTRICT

The average single-family home sales price is $399K. That is up $10,000 from the same time last year and is a modest 2% increase.

* Single-family home prices ranged from $155,000 to $982,000 last quarter
* There were a fair amount of new construction homes sold, but this year we saw more investor-owned home renovations hitting the market.

HOW QUICKLY ARE HOMES SELLING?

Last quarter, Lassiter HS homes sold in 22 days (median). That’s right on par with the same time last year.

What we did see this quarter was that most of the Marietta homes fell into two categories — they were either priced (and staged) to sell quickly or they were way overpriced when they first listed the home.

Almost 40% of the listings sold in less than 2 weeks, while another 30% took more than two months to sell — many were 100+ days.

If you are thinking of selling your home, please make sure that it is priced correctly when it is first listed!  Get pricing recommendations at least three different real estate agents to ensure that your home will not only sell quickly but for top dollar.

*** See the top home sales below, including how long it took to sell each one. Check the DOM or “Days on Market” column.

ARE BUYERS STILL WILLING TO PAY TOP DOLLAR?

Definitely! The list price to sales price percentage is 97.2%, so buyers are negotiating about 2.8% off the sales price (on average).

29% of the Lassiter HS homes sold at at 100% or more of the asking price.

 

Top Home Sales in Lassiter High School District

Most expensive homes sold between 7/1/2016-9/30/2016 :: Current homes for sale in Lassiter HS district

ADDRESS NEIGHBORHOOD BEDS BATHS SOLD PRICE DOM
Mere Lane Cochran Lake Estates 5 5.5 $982,000 34
Lakely Lane Highlands at Wesley Chapel 6 5 $775,000 32
Cochran Lake Rd None 5 4.5 $762,500 88
Mystique Landing The Reserve At Mabry 5 5.5 $713,725 6
Bluffside Court The Bluffs at Jamerson 5 4 $693,738 8
Shamans Dr Sumerlin Park 5 4.5 $685,000 33
Crossvine Bend Mountain Creek Estates 6 5 $682,000 68
Lassiter Field Dr Lassiter Ridge 4 3 $674,000 31
Rushing Rock Way Tanglewood Park 6 4.5 $665,000 174
Jefferson Township Jefferson Township 6 4 $665,000 61
Shamans Dr Sumerlin Park 5 4 $660,000 210
Canopy Ct Tanglewood North 6 5.5 $658,000 73
Carillon Crossing Northampton 5 4.5 $648,650 10
Misty Meadows Dr Wexford 5 4 $648,000 56
Perrington Ct Northampton 5 4.5 $627,000 10
Highborne Dr Highland Pointe 6 4.5 $619,600 181
Shamans Walk Sumerlin Park 6 5 $587,500 52
Woodshire Trail Northampton 5 3.5 $560,000 25
Highborne Dr Highland Pointe 5 4.5 $520,000 37
Perrington Way Northampton 4 3.5 $520,000 47
Highborne Ct Highland Pointe 5 3 $518,000 3
Mabry Rd Mabry Oaks 5 4.5 $518,000 371
Summit Oaks Dr Summit Oaks 4 3 $499,400 60
Summitop Rd Summit at Sweat Mountain 4 4.5 $484,900 10
Outlook Way Highland Ridge 6 4 $480,000 217

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The Lassiter High School real estate and home sales data was extracted from the Marietta / Atlanta FMLS on 12/1/2016 and interpreted by Kerry Lucasse with eXp Realty.  Information is deemed reliable but is subject to change.  If you would like a copy of all the homes sold in this East Cobb high school district (including photos!), please call Kerry at 404-205-8800.  We’d be happy to email it to you!

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