Tagged : atlanta 
There are currently 8 blog entries matching this tag.
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…
Auctions and Value - Things Aren't What They Seem
Monday, October 26th, 2009 at 9:06am. 719 Views, 11 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. 401 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. 702 Views, 10 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…
Short Sales 101
Thursday, August 27th, 2009 at 9:39am. 879 Views, 8 Comments.
If you are in the market for a home or are trying to find a way to sell your home and feel you are upside down, you might think that the best option is a short sale or a foreclosure. In subsequent posts, I'll get into more detail about foreclosures and if you want to skip this, you can go straight to our Atlanta foreclosures page or our Atlanta MLS page to search for short sales more specifically.
I'd like to go over short sales first because there is definitely more confusion over them, more contract issues and more complications with getting them closed than foreclosures. In my experience, they are more difficult than most other transactions right now. With all of that said, they can also represent an excellent value - but not all the time and not for all…
Waiting for the Bottom - You May Have Missed It
Wednesday, July 22nd, 2009 at 6:30am. 819 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…
Spring Market Update for Metro Atlanta
Monday, March 9th, 2009 at 7:20pm. 1939 Views, 20 Comments.
The ups and downs (mostly downs) of the market are likely to continue, at least for most of this year and there is a good chance that the next six months will be the hardest summer selling season yet if you are a seller, but, the statistics are definitely showing some important and changing trends that you probably are not hearing about on the news. What we need to look at is one month from one year compared to the same month from a previous year. This counterbalances annual cycles like the ones that we have here in Atlanta. That's the case everywhere, but I digress. An increase in December over November is meaningless to the market as that is the case every year.
Below are a few sales graphs that I want to explain before you read them and then I'll add…
The Crystal Ball, Upset Cheerleaders and Real Estate in 2009 Plus a Look Back at 2008
Saturday, December 13th, 2008 at 8:25pm. 1132 Views, 9 Comments.
The view out the front isn't as bad as what we see in the rear view mirror, but, the clouds have not parted yet. The Atlanta real estate market, like most around the country is not what it was just a couple of years ago.
It's that time of year again to reflect back on 2008 and bring out the real estate crystal ball to look ahead at 2009. Gary Keller says that we needed to SHIFT. The media reported that it may take decades to recover. We are in a recession. Agents flocked like lemmings out of the industry. Web 2.0 continued to be the most over-talked-to-the-point-of-boredom conversation real estate bloggers thought was important. Sales volume was down. Sales prices were down. Inventory was up. Subprime mortgages tanked the economy and buyers still…
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