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Atlanta Real Estate Market Report Strength confirmed by Atlanta’s Jobs Numbers Revised WAY UP!

By Michelle Francis

Real Estate Agent with Tim Francis Realty LLC

March 18, 2012 10:48 PM

Atlanta Real Estate Market Report Strength confirmed by Atlanta’s Jobs Numbers Revised WAY UP!

Every day consumers get all kinds of number thrown at them to describe markets, housing, jobs, and the economy. All markets are truly local and there are a number of factors that affect how they are doing. Word on the street in the local Buckhead, Sandy Springs & East Cobb real estate markets are very strong. Buckhead Realtors are slammed with calls, showings, contracts and CLOSINGS! A sense of excitement I haven’t seen in 5 years is there.

Job Numbers - Strong Growth

Atlanta Real Estate inventories are way down – to the lowest level in 10 years.

Prices are low as well, with homes selling at prices we haven’t seen in 10 years. So, it’s not surprising the demand seems to be strong. Add to that a revised job number of 30,300 jobs CREATED for 2011 in metro Atlanta and it really makes tremendous sense. (Crazy as this is the previously reported jobs numbers for 2011 showed metro Atlanta at a -600 jobs for the year. Mind boggling how that was so poorly reported.)

So, now come to find out, that makes Atlanta the fourth best place in the cournty for job growth, only behind Dallas & Houston Texas, and the New York/New Jersey region. Wow, that is a game changer. Atlanta was always expected to be the city that helped the south rise again! Just didn’t realize how strongly we were rising.

Under contract by Michelle Francis Atlanta Buyer's Realtor With this news it’s no wonder Tim Francis Realty LLC has seen an explosion of demand for 1st quarter 2012 in the Buckhead Sales and Leasing market. We knew the Buckhead & Sandy Springs real estate was improving; this just confirms our thoughts of what our local market has going on.

Our other thought was that as the real estate market shifted, it was going to make a strong shift into a seller’s market that would surprise buyers. We believe this is already transpired in our Buckhead, Sandy Springs and East Cobb markets.

Are you looking for a Buckhead and Sandy Springs Realtor with local knowledge of the most recent market and jobs trends? We are happy to help in Buckhead, Sandy Springs and East Cobb.

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Kathy Sheehan

Bay Equity, LLC 770-634-4021 - Atlanta, GA

Senior Loan Officer

With inventory down from what it was 2 years ago, buyers need to act quickly or most likely they will find the home they want off the market.

Mar 18, 2012 10:58 PM

Gary Woltal

Keller Williams Realty - Flower Mound, TX

Assoc. Broker Realtor SFR Dallas Ft. Worth

Michelle, some of the inventory down around the country is sellers just refusing to sell at these prices. I loved all the good news you presented about the strong Atlanta market. Good luck to you.

Mar 19, 2012 12:14 AM

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL

708.921.6331 - 40+ yrs experience

Ahhhh Michelle! Your post with its confidence and positiveness is a perfect read on a Monday morning! And it's very important to get some of our most influential and important hubs back on track to a healthy real estate market. Atlanta is a hub .. not only in the south, but to the US. Get it healthy and much more will follow. GREAT news to hear that that is happening. I hope you get to take part in that return to good health in a big big way ...

Gene

Mar 19, 2012 02:02 AM

Maureen Bray Portland OR Home Stager ~ Room Solutions Staging

Room Solutions Staging, Portland OR - Portland, OR

"Staging Consultations that Sell Portland Homes"

Michelle ~ What great news for the Atlanta market that inventory is down and jobs are up!! Thanks for sharing this optimistic story about your local market .... hopefully it's a trend that will spread to many other areas. (Here in Portland, inventory is down too, and homes that are priced right and show well are flying off the shelf.)

Mar 19, 2012 04:54 AM

Michelle Francis

Tim Francis Realty LLC - Atlanta, GA

Realtor, Buckhead Atlanta Homes for Sale & Lease

Kathy,

Yes, buyers are surprised at how much faster they need to act these days. There is no sleeping on it, it's buy it or lose it.

Gary,

I agree. While buyers want to get the great deal, a lot of sellers are not looking to GIVE the great deal. I am pretty sure I can hear the prices rising because of this reduced inventory.

Gene,

I am pretty much a half-full kind of girl. We are a major hub and it is exciting that we are seeing some good results.

Maureen,

It didn't make sense that the original jobs numbers were so low, as every agent I am talking with is busy CLOSING business. Hard to do without jobs. Makes more sense now.

All the best, Michelle

Mar 19, 2012 10:44 AM

Roy Kelley

Retired - Gaithersburg, MD

Great report. Home buyers need to be making their decisions if they wish to take advantage of the attractive prices and record low mortgage interest rates.

Mar 20, 2012 02:12 AM

Juli Vosmik

Dominion Fine Properties - Scottsdale, AZ

Scottsdale/Cave Creek, AZ real estate 480-710-0739

Michelle, great news for your Buckhead Atlanta real estate market. Here's to continued improvement in your market.

Mar 21, 2012 08:07 AM

Margie Kopp Sorrell

Coldwell Banker Lake Oconee Realty and Lake Country - Greensboro, GA

Lake Oconee Real Estate

Michelle, glad to hear that things just up the road are going so well! My hub and I love Atl! Lake Oconee is so nice but when we need some serious entertainment we head west and catch a concert, go to a really nice dinner. The city has so much to offer!

Apr 03, 2012 05:43 AM

Atlanta Real Estate Market Report Strength confirmed by Atlanta’s Jobs Numbers Revised WAY UP!

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