Daily Archives: May 19, 2017
As a Real Estate Appraiser, I am keenly attuned to the upturns and downturns in the Real Estate Market. Especially as it affects Pulaski County. I thought I’d give a brief overview on the current and historical sales information for homes in our area. I found it interesting, I hope you do also:
The Median home values for homes in Pulaski County is $86,800. (National median home value is $185,800). The county is currently experiencing a 0.2% appreciation rate compared to the national average of 3.7%.
The Median age of homes for Pulaski county is 35 years (National average is 37 years).
53.3% of Pulaski Citizens own their own home compared to 56.3% nationally.
31% of our homes are rented with 15.7% of them vacant. The average rental cost is slightly over $600/month.
Our unemployment rate is 6.0% which is down from 9% in 2011. We have also gone from a -6% job growth rate to a +2.0% job grown rate in this same time period.
We sold about 49 homes last year in Pulaski County, with a median sales price of around $105,000. Homes tend to sale at about 95% of their listing price. Homes tend to sit on the market for about 45-80 days. 3 homes sold last month for an average price of $135,500 but they sat on the market for an average of 164 days.
*This data was compiled from Central Ga. MLS. Not all home sales go through this MLS. Many are owner sold directly without a Realtor. Not all Realtors report to Central Ga. MLS. Therefore, this information is incomplete, but it does serve as a trend analysis.