Atlanta Real Estate Blog - Premier Atlanta Real Estate

Redfin Accused of Redlining, Pending Sales Dip Locally & Nationally But That's the Wrong Measurement - News Roundup

Redfin basically says they don't make enough money selling low priced homes and they are entitled to run their business how they want as a fair housing group accuses them of redlining and files a complaint (can be found in the linked story below) in court in Seattle. It seems to me, a discount model, however idealistic, proves once again to be bad for the consumer. Questions surrounding this practice apparently show up in cities across the country where they won't offer to show houses in lower-priced areas. A quote from the Refin CEO expresses their position:

“The challenge is that we don’t know how to sell the lowest-priced homes while paying our agents and other staff a living wage, with health insurance and other benefits. This is why Redfin agents aren’t always in low-priced neighborhoods.” - Glenn Kelman, CEO, Redfin

In other real estate news; the media is trying to convince you of impending doom in the real estate market, and once again, they misinform (I'll tell you how below) and Zillow Offers cuts 80 jobs from another real estate model that's great for them and bad for the consumer.

COVID-19 Affect on the Atlanta Real Estate Market April 1-7

Full Transcript Here:

We're certainly all in unique times and the real estate market is not immune to the changes happening around us. Many buyers think now is the time to make low offers and many sellers are waiting on the sidelines - for the "right time" to list their home. In the meantime, the market is moving along - faster than you might think. I'm Ryan Ward with PARE and I'm going look at the numbers and see if we can get a little perspective on all of this in just about 2 minutes!

If you have any questions, please call, text me or drop a comment below...

For now, let’s compare last week to the same week one year ago and see what we find. I’ve used homes between $100,000 and $1,000,000 for this.

Last week, 1604 homes came on the market. Last year, 2,410 came on. That's 33% fewer new listings than last year and this is actually good news!

Last week, 1,203 houses went under contract and last year, 1,643 homes did. That’s a drop of 26% from last year and a smaller drop than the drop for new listings. The pending to active ratio, which we use as a leading indicator is 75% now and 74% last year. More good news.

Fewer pending sales should be expected during this time. However, since fewer new listings are entering the market than are selling, inventory is actually reducing. To further help keep the supply in check, more homes are coming off the market than last year as well. Last week there were 648 withdrawn and expired listings. Last year at the same time there were 434. More good news. New listings - pending sales -...

Roswell Real Estate Market Updates

Roswell Market Report May 2019

What Do These Statistics Mean For Roswell?

Still A Seller's Market

While we do see signs of change possible on the horizon in the overall real estate market in Metro Atlanta, it remains a seller's market for the majority of price points in Roswell and all of them under one million dollars. The Active/Pending ratio, which is a leading indicator, is lower for the second straight month at 47.1% compared to 54% that we saw last month. June is historically the busiest month of the year for real estate sales in Roswell and all of Atlanta. We would really like to see this number above 50%.

Demand For Homes In Roswell Is Strong

There were more sales this year in May at 168 than last year at 157 and this broke what looked like the beginning a slowing trend from the previous 2 months.


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Thinking Of Transitioning To An Active Adult Community?

While moving into a smaller more comfortable home might be the right decision, downsizing can be challenging, but it doesn't have to be! Join us, at Vickery Rose in Roswell to learn simple steps to sell your home and how to simplify the process.

Please Fill Out The Form For More Information

Vickery Rose is located at 295 Crossville Rd, Roswell, GA 30075. We look forward to answering your questions!

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Martin's Landing Market Minute, February 2019


It's no secret that the overall real estate market slowed last fall on a national and local level. However, the market in Roswell and specifically at a hyperlocal level in Martin's Landing remains extremely strong. There are 15 homes for sale in Martin's Landing right now (February 8th) and of those 15 homes, 7 are under contract! Keep in mind also that January and February are the slowest months of the year...

Two January Sales in Martin's Landing

Last year in January, 8 homes sold and while this year's number looks low, there were only 3 sales in February last year. Based on current pending sales, we will double or triple that this February. The January 2019 sales in Martin's landing were 11200 Martin Ridge Rd for $308,000 and 100 N Pond Ct for $242,000. Another home, 360 Spring Lake, was scheduled to close January 31st and it hasn't updated in the system yet. I'm not sure if it closed or had the closing pushed out a few days. I'll report it next month either way...


Martin's Landing Real Estate Agent

If you are ready to sell your home in Martin's Landing, contact us. The first step typically starts with getting an idea of what your home will sell for in today's market followed by finding out what marketing techniques will get your home sold for the most amount of money in the least amount of time. Fill out the form below or give us a call for a no-obligation consultation.


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Martin's Landing Market Minute, 2018 Recap

December will close out a strong month and a very good year for real estate in Martins Landing. As of December 17th, 61 homes sold and 5 more are slated to close before year-end. It will be just a few short of the number of homes sold in 2017, which is consistent with what we are seeing across Roswell and all of Metro Atlanta,

The average price of homes sold in 2018 is $337,197 with average days on market of 35 and homes selling at just over 97% of the original asking price. In 2017 there were 72 closings with an average price of $332,985 when the average days on market was 32 and right at 97% of the original price.

Most Expensive Sale of the Year

The most expensive home to sell this year was 8900 Martin Rd that sold for $500,000 and it only took 3 days to go under contract in April. The agent representing the buyer and the seller were out of 2 different Keller Williams offices. The list price was $499,000 and it sold for $500,000 with the seller contributing $10,000 toward the buyer's closing costs.

Current Martin's Landing Inventory

***Multiple Offers Received***
Below is our featured Martin's Landing home for sale and all other...

Do Your Homework!

It’s hard to believe, but the beginning of a new school year is just around the corner! Although I am sure your kids are still enjoying their summer vacation, it will be no time before they have picked out the perfect backpack and stuffed it with all the essential school supplies.

One of the top search criteria I hear from buyers is schools. Schools can be a primary reason for moving and a major deciding factor for the home you choose to buy. First and foremost, parents want the best schools for their kids - that is a given. But beyond that, the school district where a home resides can determine the market value of a home and it’s potential to gain value in the future. And, the sought after schools can also help you down the road when it comes time to sell your home - making it more desirable to potential buyers.

Looking for a home in a particular school district? On the Premier Atlanta Real Estate site, we have an awesome tool to help you search for available homes located near the most popular schools in the area. Check out this link:

https://www.premieratlantarealestate.com/homes-for-sale-by-school-district-in-atlanta.php

Want to do some more homework? Request a copy of the Atlanta Business Chronicle annual school guide. When doing research on schools, I recommend reviewing test scores and visiting schools in person to speak with staff who can then provide you with more information about each school. A good place to start is with the annual Atlanta Business Chronicle School Guide. Send me an email at [email protected] to request a copy and I will mail you one directly.

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