Please visit the virtual tour for full details and more photos:…
Please visit the virtual tour for full details and more photos:…
If there is one thing we are hearing consistently it's that there aren't enough homes on the market - or - that buyers feel like homes are overpriced. You know what? It's the same thing just coming at it from different angles.
Really, it's this: there aren't enough homes to fulfill the needs of the true buyers that are earnestly looking to buy a home. That means sellers can get more for their homes than buyers think they should which makes them APPEAR to be overpriced to buyers who haven't quite accepted the new realities of the market (that's most buyers). It's old news to those of us in the business working with buyers...
First, we tell them that the market has changed, then they find a house they want to buy only to lose it to another buyer…
2499 Peachtree #705 - 2 Beds, 2 Baths, Penthouse Views
Don't miss this great opportunity to own a penthouse condo in Buckhead with great views. This is a condo, located in The Barony on Peachtree and Lindbergh offers a superior location - walk to restaurants and shopping with spectacular views from the penthouse.
The condo has an open flow with a warm fireplace, hardwood floors, a kitchen with a view to the living room, a split bedroom plan and a sunroom/nook that is perfect for a home office or computer area that is connected, but still feels separate enough to be its' own space.
Both bedrooms have great views and the wall of windows in the master bedroom offers great views overlooking Peachtree Hills.
1065 Essex Court - Somerset at Henderson Village
This is a great new listing in Alpharetta for $235,000 with tons of upgrades. You don't want to miss it because it is going to go fast!
Great Room and Living Room
This is a great open floorplan with new floors, paint, thermal windows and updates galore!
The great room has an open, sun filled 2-story ceiling that provides a unique and spacious sitting area.
The master bedroom and bathroom have been updated and the bedroom has a large sitting area.
Dining Room Kitchen
The kitchen has stainless steel appliances and a warming drawer and the dining room gets plenty of natural light.
Somerset at Henderson…
We now have all of the number in for 2013 and with the last quarter of 2013 numbers in, we can now project forward and shed some light on what we can expect for the coming year in the real estate market. There are also a number of points that I will try to make to put in context because what is reported on the news is often not stated in a way that will apply to an individual looking to buy or sell a home.
Sales Volume Equal to 2012 in 2013 But Different Price Points
When we look at the graph above, you can barely even see the 2012 numbers because the sales numbers are so close to what they were in 2013, but the price points for the sales differ considerably. In 2012, a much larger number of homes sold below $100,000 than did in 2013 and that…
We here on the news or overhear from a real estate agent that "prices are up (or down) by some percent this year so it's "a great time to buy" or some other use of the percent change as it relates to some real estate statistic. What does it mean? How is that computed? Does it matter to me what happens to prices nationally when I want to buy a home in Atlanta or some other area?
If you are an agent and you work with clients, you can probably find some article that states these changes for you to quote. However, the real power of using percent change with your clients is when you are able to whip up these statistics in a much more meaningful way. If you are a buyer or seller, you better have an agent who knows how to whip these statistics up for you…
This is an exceptional home in the popular swim/tennis neighborhood of Nesbit Lakes! Sought after schools, open floorplan with gleaming hardwoods, warm and bright sunroom, huge bedrooms, 2 fireplaces, hardcoat stucco and finished basement with extra insulation and travertine bathroom. This home has been extremely well cared for with fine details including rounded corners and curved walls. The master bedroom opens to very private patio and backyard. Close to shopping/dining/GA 400. This home is move-in ready!
As you enter through the front door you are greeted by gorgeous hardwood floors in a 2 story foyer flanked by the formal dining room on the left and formal living room on the right. Continuing into the home you will find a very…
The number of foreclosure sales in Alpharetta in the last 60 days is down 84% from the same time last year. There have only been 6 foreclosure sales in the last 60 days of this year compared with 38 sales during the same period last year This is an amazing statistic if you think about it!
Foreclosures depress home prices because many buyers prefer them and appraisers use them as comparable sales to arrive at valuations for other homes. This is inline with what RealtyTrac reports nationally showing a 29% decline in Q3 of 2013 compared to Q3 of 2012 of foreclosure sales. Of course, foreclosures have always been below the national averages in Alpharetta, but with only 6 selling in the last 60 days, I believe we can make a few observations:
- With this
As we enter the 4th quarter, it's a good idea to look back at the end of the 3rd quarter for signs of what we can expect for the remainder of the year. For all of the hype about the newly improved real estate market, there are some strong signs we have slowed down considerably. Here are some quick numbers I just ran for Metro Atlanta and some of the more sought after areas around the city. It certainly does not indicate a strengthening seller's market. Combine these numbers with several consecutive months of increasing inventory and we are looking at starting 2014 more like 2013 than most of us would have hoped.
Now, this isn't necessarily a bad thing, it's just that some of the gains we saw starting in the Spring of 2013 were too dramatic to be…
Homes are selling in 3 days! Rates are going up! It's a great time to buy!!!
All three of those statements are generally true, but they don't really tell you what's going on in its entirety and they certainly don't give you enough information to make an informed decision. They are good talking points, but there is a lot more going on behind the scenes than these three statements make it out to be so I will try to address each one individually.
Homes are selling in 3 days - partially true. Some homes are selling in 3 days, but certainly not all of them. If your home is priced correctly for its condition and location, the average days on market is about 15 days. What's interesting about this is that it doesn't matter what price point…