Tagged : real estate market 
There are currently 16 blog entries matching this tag.
2nd Quarter 2010 Atlanta Real Estate Market Statistics
Monday, August 2nd, 2010 at 10:17pm. 269 Views, 13 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. 649 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…
Tax Assessment Reform May Be on the Way
Friday, March 12th, 2010 at 6:43pm. 289 Views, 3 Comments.
Partial Reprint from the Atlanta Business Chronicle. You can read the full article here:
"The Georgia Senate Thursday unanimously passed legislation aimed at overhauling a property assessment system thrown into disarray by huge market-driven fluctuations in property values.
The bill, which now goes to the House, would restore Georgia homeowners’ loss of confidence in the fairness of the property tax bills they receive from local governments each year, said Senate Majority Leader Chip Rogers, the measure’s chief sponsor.
Homeowners across the state are complaining that they’re being taxed based on assessments that no longer accurately reflect the declining value of their properties, said Rogers, R-Woodstock.
“The assessments are not keeping pace with fair…
I'm Pretty Sure This is how Appraisals are Performed Now
Tuesday, November 17th, 2009 at 9:30pm. 722 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…
The Tax Credit Effect - Can it Help Save the Market
Thursday, October 22nd, 2009 at 1:49pm. 410 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. 710 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…
Waiting for the Bottom - You May Have Missed It
Wednesday, July 22nd, 2009 at 6:30am. 827 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 Crooked Creek - A Market Update
Monday, July 20th, 2009 at 6:51pm. 503 Views, 3 Comments.
Crooked Creek is a fantastic golf and country club community located in Milton undergoing something of an unusual change for a neighborhood in the real estate market today. A robust $4,000,000 renovation to the facilities is being undertaken in a real estate market that has just taken a beating over the past few years. With homes dating to the mid nineties, many people believed that these updates may do the community well and freshen up the general appearance. This may still happen, but, construction is behind schedule and we'll really have to wait another year to see if that plays out. Until then, here is an update on market statistics. Faced with lots of competition in the zip code for similarly priced homes, staging, marketing and price ring true as…
Homes for sale in Atlanta Down, Pending Sales Up – What it Means
Tuesday, July 7th, 2009 at 3:34pm. 881 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…
Foreclosures We Followed - Where are They Now?
Saturday, May 9th, 2009 at 9:31am. 991 Views, 17 Comments.
A few months back I wrote a few posts about some excellent foreclosure deals in Roswell and Alpharetta. One is a foreclosure in Glen Abbey, one is a great investment property in Berkshire Manor and another is a large home with a pool in Brookfield Country Club. The purpose of all three of these posts was really twofold:
1. They were good deals.
2. There is a terrible misconception on the part of the buying public (many of which are regular buyers who believe this is a good time to "invest") in understanding how to ascertain value and/or an offer price on properties such as these which is truly unfortunate because there really are so many great deals.
I figured if I went through a few examples, we might help set some buyers get straight on the process. It's…
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