This is an update on the Real Estate market in Suwanee, Alpharetta and Cumming from an agents perspective that lives & works the Real Estate market in Cumming, Alpharetta and Suwanee.
The past month there has been several positive reports about the real estate market and I think the media will begin to drive people that are sitting on the fence trying to decide if they want to buy a home or wait and see what happens. This past week has been amazing.
On Friday I wrote an offer on a steal of a deal in Cumming - my buyer just said write a full price offer which I did. Saturday, as I drove to my first appointment I received a call that my listing in Olde Atlanta Club, in Suwanee, was receiving an offer. After I showed my first home Saturday morning my buyer decided on Saturday to write an offer on that home. Then the couple in from Co. during the week decided to write an offer on one of the homes I showed them earlier in the week.
By the end of Saturday I had written 4 offers for Buyers and received one for one of my listings. That is a day that was reminds me of 2005 - 2 of the offers written were on short sales and the homes are priced very well - we will see if the bank accepts them. One was a foreclosure that was priced at $240K and is now priced at $199K - that is a multiple offer situation. Two a straight retail offers - one home was originally priced at $440K in Alpharetta and the owner decreased the asking price to $369K - that one went under contract yesterday.
I am not sure if the pick up was due to school starting back, possibly a dip in the interest rates or the fact inventory levels are coming down or the fact prices on homes are at amazing levels - as I think about it I think all of these contributed to it.
If you are considering purchasing a home in Suwanee, Cumming, Alpharetta or North Atlanta - I would like to interview for the job of helping you find you next home. Feel free to call me at 770 722-7010 or email me at JohnFoster@remax.net.
Comments(0)