Real Estate Market 
Entries in the real estate market category will be updates and insight from our perspoective on local as well as national stories and trends as they relate to real estate as well as market updates for the areas in the Metro Atlanta real estate market that we service.
There are currently 23 blog entries related to this category.
2nd Quarter 2010 Atlanta Real Estate Market Statistics
Monday, August 2nd, 2010 at 10:17pm. 226 Views, 12 Comments.
ChartMasters creates a phenomenal quarterly market report that myself and our broker present to our office. A number of Keller Williams offices across Metro Atlanta are provided the same report - I presented it last Tuesday to our office. The presentation lasts for a couple of hours and gives all of us a pretty good leg up on other agents by providing us with a strong foundational base of the current real estate market.
If you have any questions, please either email me at ryan (@) premieratlantarealestate.com, call me at 404.630.3187 or post a comment and I will get back with you.
As with all YouTube video - make sure you switch it to 720p for the highest quality video...
Not all Client Questions are Easy to Answer
Tuesday, March 30th, 2010 at 10:49pm. 639 Views, 6 Comments.
Below is a question I received from a client I am working with so what I am writing is actually about answering the questions as best I can for my client, but it illustrates - at least to me - what one of the most significant differences is in today's market compared with the market of just a couple of years ago; regardless of price point, there is some reluctance to purchase now, whereas just a few years ago, there was almost a reluctance to wait for fear of losing the home to someone else who might also be interested in it. Here is the question from my client:
"I need an understanding of what price points are are likely to appreciate the most over the next 20 years. Much of the appreciation before the crash was due to a declining interest rate…
Foreclosure Activity Increases 6% in February Nationally, Let's Look Locally Too
Friday, March 12th, 2010 at 7:51am. 303 Views, 9 Comments.
According to RealtyTrac, foreclosure activity is up 6% in February of 2010 compared with the same time period in 2009. This represents the smallest increase in activity in 4 years. To me, that doesn't mean we are seeing improvement and there isn't anything to indicate that we are heading towards consistent year of year decreases in foreclosures so in my opinion, this is still more bad news for home values.
Locally, foreclosure sales in February of 2010 were 1245 compared with 1430 sales for the same time period in 2009. Interestingly, non-foreclosure sales in 2010 totaled 1598 meaning that foreclosure sales made for about 44% of sales in 2010 while in 2009 non-foreclosure sales were 1512 or 48.6% of sales. In 2008, non-foreclosure sales totaled 2182 with an…
Georgia Ranked 10th for Foreclosure Filings in January
Thursday, February 11th, 2010 at 11:13am. 386 Views, 9 Comments.
From the Atlanta Business Chronicle.
"The Peach State had 11,274 foreclosure filings -- default notices, scheduled foreclosure auctions and bank repossessions -- last month. This was down 13.1 percent from December 2009, but was 13.8 percent higher than January 2009. The state ranked 10th for foreclosures".
The report also says that 1 out of every 357 houses in Georgia got a foreclosure notice in January. This is in line with national numbers that have a decrease from December, but a year over year increase. Nationally, 1 in 409 homes received a foreclosure notice so we are performing worse than the total market. More from ABC:
“January foreclosure numbers are exhibiting a pattern very similar to a year ago -- a double-digit percentage jump in December…
Atlanta Real Estate Market - 4th Quarter 2009 - Stats and Graphs
Wednesday, February 3rd, 2010 at 8:53am. 538 Views, 7 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…
Atlanta Real Estate Market - Looking Back So We Can Look Ahead - 2007-2009 Sold Prices
Thursday, January 21st, 2010 at 12:53pm. 386 Views, 4 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. 390 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 :) ).
I'm Pretty Sure This is how Appraisals are Performed Now
Tuesday, November 17th, 2009 at 9:30pm. 714 Views, 13 Comments.
If this isn't how they are done, it might be obtained by taking a sledgehammer and hitting one of those strongman devices you find at a carnival that has been altered to show prices.
I don't know that I blame appraisers. It's a difficult task when you are trying to appraise a property in an area that you are unfamiliar with. Because of HVCC, we find ourselves in a new era where appraisers are being asked to perform a job for less money than ever before and simultaneously perform fewer appraisals because of the reduction in sales volume. A good portion of the income that appraisers used to make is now taken by the Appraisal Management Companies. What this is really about is how the Federal Government has caused greater harm with it's solution than they ever…
3rd Quarter Metro Atlanta Statistics - The Overview of the Real Estate Market
Sunday, November 8th, 2009 at 9:28am. 982 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…
Auctions and Value - Things Aren't What They Seem
Monday, October 26th, 2009 at 9:06am. 719 Views, 12 Comments.
Sold to the lady in the back for $435,000! What a deal! The screen says the previous value for this home was over $1,000,000. I've found it at last! Now I know exactly where to send every person who calls looking for that great deal. The auction!
If you're in the business and you get leads online, you definitely know the guy. Most others in the business know this guy now too. It's just a product of the current conditions. He acts like he knows more than you about real estate and before the phone call is over, he has made you feel like it's true. We get one almost daily, but the problem is, that guy doesn't have a clue about what he is talking about. If you are that guy, I suggest you re-read this paragraph.
I attended an auction this past Saturday with a…
My Account
Log in, to view your saved searches and add to your favorite listings.
... So You Can:
- View detailed property information
- Print detailed property flyers
- Save your searches & favorite homes
- Inquiry about a private showing
- Map individual property locations
- Share your favorite homes with friends