There are currently 17 properties for sale and Piedmont real estate prices are between $1,395,000 and $3,950,000. The median price for homes that are currently for sale is $2,695,000. Homes are selling for about $739 per square foot. If you are serious about buying a home, we highly recommend setting up a market watch notification so you don't miss out.
The real estate price trend chart shows the median selling prices for homes over time. A moving average (MA) is a widely used indicator in technical analysis that helps smooth out price action by filtering out the "noise" from random short-term price fluctuations. Use this chart with the inventory chart to determine if prices for homes will be going up or down.
The real estate inventory chart shows the relations between the total number of properties that are listed each month, placed under contract each month (pending) and sold each month. This chart is good at determining the supply and demand of properties. When trying to find trends in home prices, I look at the number of the new home listings and the current price trends.
|Date||Median Price||DOM||Avg $/sqft||Sales Ratio|
The charts below represent the current state of the real estate market in Piedmont. I created these charts to answer the question I hear a lot, "How is the real estate market in Piedmont?" The market sales rate, or absorption rate is based on the total number of homes currently for sale, divided by the total sold in the same time period. When the 90 day trend line falls below the 20, Piedmont is in a "Buyers Market". When the 90 day trend is above 20, Piedmont is in a "Sellers Market". Currently, about 10 homes are sold per week in Piedmont, therefore it would take about 3.0 weeks to sell all the homes if no new homes come on the market.
Below is all the properties currently for sale in Piedmont, sorted by number of bedrooms.
|Bedrooms||Active Listings||Median Price||Avg Price||Avg Sqft||Median Cost/foot||Avg Cost/foot|
Looking at the market in quartiles, where each quartile is 25% of home, ordered by price
|Quartile||Median Price||Avg. Sqft||Avg. DOM||Avg Year Built||New Listings||Total Listings|
|Top/First||$3,612,500||4,356||23||1951||0||4||Most Expensive 25% of properties|
|Upper/Second||$1,965,000||2,893||0||1940||0||3||Upper-middle 25% of properties|
|Lower/Third||$1,630,000||2,096||23||1947||0||3||Lower-middle 25% of properties|
|Bottom/Fourth||$1,250,000||1,841||12||1934||0||3||Least expensive 25% of properties|