During the past 10 years, our popular town of Woodstock has seen incredible growth — a city revival built on the promise of stability for future growth. According to TrendGraphix data, homeowners in Woodstock have seen the median home price increase an amazing 21% year-over-year to $425,000. The median household income in our area is now 30% above the state of Georgia’s average household income, and our popular restaurant and retail scenes have flourished. Woodstock’s future is so bright that Money Magazine named our town the 17th Best Place to Live in America in 2020.
Even with the future looking so promising in Woodstock, I’m often asked by homeowners whether this is the right time to sell their home. Many residents are wondering if they should take advantage of this unprecedented real estate market and list their home, only to face the challenge of finding a new home.
The truth is, there is no one right or wrong answer. While homes in our community are typically on the market for an average of 19 days, according to FMLS (First Multiple Listing Service), the question remains: Where will you go next? Woodstock offers numerous opportunities if you decide to sell your home but still want to stay in the community.
At the time I wrote this article, there were more than 150 attached and detached homes for sale in our area, from $175,000 up to $2.5 million. From new construction to resale, there are homes available at just about every price point. And, for those looking to move to a new city, you will find there are plenty of opportunities in other parts of metro Atlanta, as well.
This time in home ownership is historic. It’s very likely we never will see an opportunity like this again, so there is one piece of advice I would like to give everyone: Don’t let this real estate market pass you by without talking to an expert who lives, breathes and has his or her finger on the pulse of the Woodstock real estate market.
– John Morris is the managing broker of Berkshire Hathaway HomeServices Georgia Properties’ Woodstock office. Questions about buying or selling? Email firstname.lastname@example.org, or call 770-517-2150.