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        <title>Atlanta Real Estate Blog</title>
        <link>http://www.premieratlantarealestate.com/blog/tags/market-statistics/</link>
        <description>Atlanta real estate blog. Consumer focused real estate information for Atlanta and information and insight into local and national topics. Areas of interest include; Buckhead, Sandy Springs, Roswell &amp; Alpharetta. North Metro Atlanta.</description>
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            <guid>http://www.premieratlantarealestate.com/blog/foreclosures-activity-increases-6-in-february-nationally-lets-look-locally-too.html</guid>
            <link>http://www.premieratlantarealestate.com/blog/foreclosures-activity-increases-6-in-february-nationally-lets-look-locally-too.html</link>
            <author>ryan@premieratlantarealestate.com (Ryan Ward:  CEO of Premier Atlanta Real Estate - Keller Williams)</author>
            <title>Foreclosure Activity Increases 6% in February Nationally, Let's Look Locally Too</title>
            <description> <![CDATA[ 
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&nbsp;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&nbsp;non-foreclosure sales&nbsp;were 1512 or 48.6% of sales. In 2008, non-foreclosure sales totaled 2182 with an additional 1112 sales that were foreclosures or 33.7%.

So, as a percentage of total sales, foreclosures year over year over year in February were: 2008 --&gt; 33.7%, 2009&nbsp;--&gt;&nbsp;48.6% and 2010 --&gt; 44%. Certainly 2010 looks a little better, but, there are still plenty of sub-prime loans to go bad.

Compounding the sales price problem is the increasing number of sales that are &quot;lender mediated&quot; sales, better known as short sales. Unfortunately collecting this number from either of the multiple listing services in Metro Atlanta is difficult as there&nbsp;has only recently been added official fields marking listings as short sales. On a national level, short sales have actually surpassed foreclosures in sales volume according to this housingwire.com survey. This combination makes it difficult to regular resale sellers as well as new construction.

Myth: Alpharetta and the North Metro are Immune

Don't believe anyone who tells you this. There is no area and no price point that is not being directly and indirectly affected by short sale and foreclosure sales. Whether you are looking at one million plus in Buckhead or any price point in Alpharetta, Milton or the rest of the northern suburbs, your home value is directly impacted. If you bought your home in the last 3 years or so, you are almost certain to be upside down. There are few exceptions.

Most agents aren't willing to be straight about these numbers because they are afraid it will keep you from listing your home or buying another one.

There are Bright Spots, But not Many

Some areas and price points have 6 months or so of inventory - but prices still won't be rising anytime soon. More REO and short sales will ensure that doesn't happen. It does mean that the bleeding has stopped for some and it means something more if you are a buyer in an area that is starting to get closer to being a balanced market; you snooze, you lose!

In Alpharetta and Milton, west of GA 400, there is a 9.5 month supply of homes and that is looking at December and January numbers.&nbsp;With the end of the tax credit, we might expect this to go down even further to to a sales surge. We'll see if that actually happens though.

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            <pubDate>Fri, 12 Mar 2010 08:51:50 -0500</pubDate>
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            <guid>http://www.premieratlantarealestate.com/blog/3rd-quarter-metro-atlanta-statistics-the-overview.html</guid>
            <link>http://www.premieratlantarealestate.com/blog/3rd-quarter-metro-atlanta-statistics-the-overview.html</link>
            <author>ryan@premieratlantarealestate.com (Ryan Ward:  CEO of Premier Atlanta Real Estate - Keller Williams)</author>
            <title>3rd Quarter Metro Atlanta Statistics - The Overview of the Real Estate Market</title>
            <description> <![CDATA[ 
This information is compiled by Chartmasters for Keller Williams Realty Consultants. It is far more comprehensive and accurate&nbsp;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 really happening in this market. Information like this can empower you to make a decision about real estate more than anything else...



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 ]]> </description>
            <pubDate>Sun, 08 Nov 2009 10:28:22 -0500</pubDate>
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