Atlanta 
There are currently 16 blog entries related to this category.
Short Sales and Distressed Properties in Atlanta
Sunday, February 7th, 2010 at 12:15pm. 162 Views, 2 Comments.
It's with great enjoyment for me to announce that I became a Certified Distressed Property Expert today. Since I began my career in real estate, my #1 goal has always been to help people. Like most real estate professionals today, I thought I could ignore this segment of the market - but recently I realized that this isn't a "segment" of the market, but is instead a segment of our society.
Instead of avoiding these homes and homeowners or casting blame upon them, I believe the best solution is to ensure that they are being represented in the best possible way to protect them from potentially fraudulent predators and to protect home values and neighborhoods by helping to keep these homes out of the foreclosure process and become REO properties.
In the coming…
Atlanta Real Estate Market - 4th Quarter 2009 - Stats and Graphs
Wednesday, February 3rd, 2010 at 8:53am. 215 Views, 3 Comments.
The comprehensive report on the fourth quarter of 2010 is in. I would like to temper what looks like good news by saying that some of this is government induced and therefore not sustainable over the long term unless the government inducement creates enough sales to reduce the inventory levels significantly as there is almost a certainty that the sales volume will taper off at the end of the tax credit. Perhaps the most important graph below is the median sales price graph with a trendline on it. Please take a look at that graph. Prices are up and when you see the broad view it may change your perspective on the market. If you have any questions or comments, please leave them in the comments section at the bottom and I will post them/answer them for you as…
Buckhead Condo Market Update - It's Better Than the Overall Condo Market
Thursday, January 28th, 2010 at 10:29am. 111 Views, 1 Comments.
Here is a little summary I just emailed to a client looking to purchase a second home (condo in Buckhead). I thought the stats were interesting enough to post here so below is almost a direct copy of the email I sent. Please visit our Buckhead real estate page if you are interested in viewing homes and condos in Buckhead:
I’m only looking at 2 bedroom condos which represent the largest and most popular segment and I’m only looking at Buckhead. People that want Buckhead typically do not want Midtown or other areas so I want to make sure I don’t get results outside of the relevant market – you could make the case that it is necessary and on some level I agree so I’ve also included the overall market so that we can draw some relevant comparisons. I’ve…
Atlanta Real Estate Market - Looking Back So We Can Look Ahead - 2007-2009 Sold Prices
Thursday, January 21st, 2010 at 12:53pm. 258 Views, 3 Comments.
I've put together the same information two different ways in the charts below. To me, they show some interesting trends. While they don't give a complete picture, they do show how far we have fallen and the three year history begins to be enough to give us a nice perspective.
Inventories dropped every month in 2009 and the market looks to have stabilized somewhat during the second have of 2009 (see the first chart and compare the second half of 2008 to the same time in 2009. Prices did not continue to fall). There were less than 45,000 homes on the market at the end of 2009. At it's worst in August 2007, there were 72,000 homes. The last time the end-of-month inventory for all single family was below…
Redfin Comes to Atlanta
Wednesday, December 23rd, 2009 at 6:55am. 274 Views, 6 Comments.
...and I don't care! If I was Rhonda Duffy or one of the other discount brokers I would be very concerned as it might take away market share from them. We are full service real estate professionals and don't compete based on fees this way. Instead, we use honest to goodness talent backed up with an incentive based fee structure that motivates our agents to do a better job. Good luck Redfin. You will need it. You will have some serious competition here in Atlanta for the discount market. I'm pulling for the local agents (yes, that's you Rhonda :) ).
3rd Quarter Metro Atlanta Statistics - The Overview of the Real Estate Market
Sunday, November 8th, 2009 at 9:28am. 656 Views, 11 Comments.
This information is compiled by Chartmasters for Keller Williams Realty Consultants. It is far more comprehensive and accurate than what you may find in the AJC or anywhere else. I am fortunate to work with an organization who can provide its agents critical information that we can use to help clients in a market that requires this information more than ever. It's also right up my alley as I enjoy understanding the market. This is a graphics heavy post of charts so if you have any questions, please reply in the comments below and I will answer or clarify anything you may see. As soon as I can find a link, I will post the credit to Chartmasters, I just can't seem to find it online right now. Nevertheless, the charts below will shed some light on what is…
The Tax Credit Effect - Can it Help Save the Market
Thursday, October 22nd, 2009 at 1:49pm. 293 Views, 12 Comments.
After strong mid summer sales and real hope for 2010, the residential real estate outlook has dimmed again. The $8,000 tax credit is looking very much like the last great hope for 2009 to bring back some balance - or at least give a strong push of the pendulum back in the balance direction. The chart below shows sold single family residential units compared to pending residential units monthly during 2009.
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The uptick is incredible…
Summer Speeds by Taking Deals of a Lifetime with It
Sunday, September 13th, 2009 at 10:41am. 516 Views, 11 Comments.
Summer of 2009 is coming to a close quickly and some of the best deals in a generation are leaving with it. Were you able to capitalize on those deals or are you still waiting for prices to drop? If you're waiting, here is a recap of what you missed and why you may reconsider your position of waiting...and oh yeah...it looks like prices aren't really dropping any more - at least for good properties and especially in the more sought after areas of Atlanta
The average price for a home has dropped 8% in North Fulton since the summer of 2008, but, prices are trending up, sales volume is trending up and inventory is trending down. We are still down in price from the summer of 2008 because pricing continued to decline until February of 2009 (they have been…
Waiting for the Bottom - You May Have Missed It
Wednesday, July 22nd, 2009 at 6:30am. 691 Views, 20 Comments.
Waiting around and smelling the flowers? If you are one of the many buyers waiting for the bottom, it's quite possible that you have missed it. Waiting on a "bottom" is a terrible homebuying strategy anyway, but, now is really the time to get off the fence. We as real estate professionals are not capable of exactly calling the bottom and that means that you as consumers have no chance of doing so. Think I'm wrong? We now have had four consecutive months where the average price of homes for sale in Atlanta is higher than the previous month. In February it $172,860. Now it's $209,999 or over $37,000 higher than the low! Translated, this means since February, prices have gone up every month so many areas the "price bottom" may be behind us. The confluence of…
Homes for sale in Atlanta Down, Pending Sales Up – What it Means
Tuesday, July 7th, 2009 at 3:34pm. 759 Views, 9 Comments.
In March, I wrote about what I thought was going to happen this summer and moving forward in the Atlanta market. It does appear that what I thought might happen is actually beginning to take place and that is good news for a real estate market that is in desperate need of something positive and tangible to hold onto. Many of you may have read reports earlier this year in the AJC indicating price increases in certain areas of the city, but, they failed to place the fine print in an easily readable place in the article and the realities are that those reports are not very accurate. Fortunately, this report is very accurate as we won’t neglect to include foreclosures and other necessary parts of the equation that make up today’s market.
First, the actual…
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