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 19 blog entries related to this category.
Atlanta Real Estate Market - 4th Quarter 2009 - Stats and Graphs
Wednesday, February 3rd, 2010 at 8:53am. 79 Views, 0 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. 197 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. 240 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. 471 Views, 11 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. 524 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. 515 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…
The Tax Credit Effect - Can it Help Save the Market
Thursday, October 22nd, 2009 at 1:49pm. 274 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. 488 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…
Pingback/Trackback Test
Wednesday, August 12th, 2009 at 7:47pm. 815 Views, 2 Comments.
Testing that pingbacks and trackbacks work so I am linking to a new Keller Williams blog theme for WordPress
Waiting for the Bottom - You May Have Missed It
Wednesday, July 22nd, 2009 at 6:30am. 662 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…
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