Kennesaw 4th best place in U.S. to sell house

It comes as no surprise to veteran real estate agent Eric Weidner that Kennesaw is one of the nation’s best suburbs to sell a house.

Forbes magazine puts the north Cobb County city at No. 4 on a list of 10 best suburbs to sell a house.

“It doesn’t overly surprise me,” Weidner said. “The resale market might not be what it was, but things are selling.”

Weidner, a Kennesaw-based real estate agent since 1986, said, “Homes I’ve sold recently come in 5 to 6 percent under asking. Talking to people in other parts of the country, they’re seeing losses of 20 percent. I’ve not seen that here in Kennesaw. It’s always been a stable market here. You do get a good bit of house for the money here.”

The median home sales price in Kennesaw is $175,000, according to market studies that include new home sales, resales and foreclosure sales.

The Forbes list is based on time-on-market, price trends and the percentage of sellers who cut prices.

In Kennesaw, the median time on market is 104 days, prices are flat year-over-year and 41 percent of sellers drop the price, according to data collected by Forbes.

“Buyers are very picky. They expect a lot and they’re getting a lot,” Weidner said.

None of Kennesaw’s numbers would be good in normal times, Forbes notes, but they are strong for the current market.

THE FULL LIST

1. Berkeley, Calif. (near San Francisco)

2. Bedford, Texas (near Dallas)

3. Venice, Calif. (near Los Angeles)

4. Kennesaw

5. Sugar Land, Texas (near Houston)

6. Midvale, Utah (near Salt Lake City)

7. Matthews, N.C. (near Charlotte)

8. Encinitas, Calif. (near San Diego)

9. Waltham, Mass. (near Boston)

10. Montclair, N.J. (near New York City)