atlanta real estate market: ATLANTA MARKET REPORT - February, 2010
- 03/26/10 06:37 AM
The sun shined down on the metro Atlanta real estate market for February, 2010 with a positive year-to-year increase according to Steve Palm of Smart Numbers. Although the increase was slight, 1.6% ....the news is still promising.Additionally, according to the Case Shiller Index, our metro Atlanta market hit "bottom" in March 2009. And since that time, Case Shiller is reporting metro atlanta home values have risen 5.8%. As for our new home inventory, it is at an all time low. And, although we are beginning to see a few (a very few) builders begin developing new subdivisions (at least in the gwinnett County/suwanee area) … (0 comments)
atlanta real estate market: Suwanee GA MARKET REPORT- THIRD QUARTER '09 vs. SECOND QUARTER '09
- 10/15/09 07:35 AM
Like other areas of the country, the wonderful town of Suwanee GA continues to look for signs of improvement in their real estate market. There is no question whether you are a Real Estate Agent, a home owner trying to sell or a buyer out looking for the deal, each would give a different perspective on the state of our local market. Suwanee managed to hold steady during third quarter in overall units sold as corporate owned properties and/or foreclosure distressed properties: Second Quarter saw 27 "Corporate Owned" units sold while the 3rd quarter was witness to 22 units sold under "Corporate Owned". … (0 comments)
atlanta real estate market: ATLANTA GA - JUNE 2009 in REVIEW
- 08/02/09 09:10 AM
Anyone who lives in the Atlanta area can tell you that the housing market has definitely been affected by the new homes bubble, the large number of short sales and foreclosures as well as a reduction in buyers. Atlanta was one of the top markets in the nation for new home construction until 2006. Currently new homes sales are down 80 percent from peak levels. Georgia currently ranks #7 in the nation for foreclosures. More short sales and foreclosures are expected. For 2009 over 50% of sales are short sales, foreclosures, corporate owned or bank owned properties. Current inventory levels are approximately 16,000 less … (0 comments)
atlanta real estate market: IS IT POSSIBLE TO SELL IN TODAY"S MARKET?
- 06/08/09 06:51 AM
It seems like a daunting task to many home owners toying with the idea of whether to sell their home now or to sit tight until they see improvement in the current real estate market. As a Realtor® for over 14 years, this indeed is the most challenging time in our industry that I have seen. However, it is safe to say that homes are selling that are NOT foreclosed or distressed properties. But to be amongst the success stories instead of just reading about them, it takes planning, a dose of reality and commitment to the process. During the first four months … (0 comments)
atlanta real estate market: ATLANTA GA MARKET REPORT - January, 2009 in REVIEW
- 03/02/09 04:23 AM
The numbers for January 2009 sure didn't reflect that the Atlanta market is starting out on the right foot. The month of January didn't end much better than the way it ended in 2008. According to Steve Palm/Smart numbers, many areas had average closing prices relative to levels in the 1990's. And trying to jump-start the struggling real estate market, Congress did pass the $8000 First Time Home Buyer's Tax Credit. This, of course, has excited a lot of realtors and buyers! However, in my opinion, as nice as this tax credit is, I am not sure it will provide the results everyone is hoping for. … (0 comments)
atlanta real estate market: ATLANTA REAL ESTATE MARKET - August Market Report 2008
- 09/24/08 07:11 AM
Decreased demand in housing continues to plague our market; and with the current inventory levels, we are seeing an overall increase in days on market, particularly with town homes/condos, as well as declining home prices. 4,545 single family homes closed in August, 2008. (Down approximately 41% from a year ago.) 3,938 closings for single family detached homes compared to 5,412 closings in August, 2007: 1) Average List Price August, 2008: $252,3552) Average Sold Price August, 2008: $238,8543) Average DOM '08: 91
607 closings for townhomes/condos compared to 1,007 in August, 2007: 1) Average List Price August, 2008: $193,7972) Average Sold Price August, 2008: $183,8423) … (0 comments)
atlanta real estate market: ATLANTA REAL ESTATE MARKET - July Market Report 2008
- 08/28/08 02:07 AM
The Atlanta real estate market began to see a downturn beginning in the third quarter of 2006; and, it is apparent our market has yet to see the upswing most had thought would happen by now. As we begin the third quarter of 2008, the Atlanta real estate market is still trending downward. Closings on single family homes in July was down over 34% from last year with a drop in average sales price of over 8% for this same time last year. With such a significant drop in home pricing, the recent First Time Home Buyer's Tax Credit (Housing and Economic Recovery Act of 2008) approved last month by Congress, low … (0 comments)
atlanta real estate market: OUCH!!! STRADDLING THE FENCE MIGHT HURT MORE THAN YOU THINK!
- 06/11/08 03:02 PM
The consensus is pretty much the same across the board...worst housing market since the mid-70's; and, longer lasting. Looking back over years past, current housing prices are at 2002 and 2003 levels nationally. If you have listened to the media you would want to bury your head in the sand and wait for "better" days. For Atlanta, the writing was on the wall in 2007. As the year progressed, we all saw the housing market slow. And, foreclosures currently continue to dominate the Atlanta market. So where does this take us? Well, if you are a pessimist you would find this really bad news. However, … (1 comments)
ALL Single Family - Closed Units: 4,125 units Single family detached: Closed Units —3,564 Condo/townhomes Closed Units —561 Average condo/townhome price: $186,238 for April closings Average single family detached price: $238,496 Expired listings—6,291 for single family homes in April.
FOOTNOTE: In a recent interview, Lawrence Yun, NAR Chief Economist shared his belief that we have indicators in place for an improved second half 2008. He believes stimulus checks will give an interim boost in consumer spending, high company profits are creating good cash flow and a solid and … (0 comments)
The sun shined down on the metro Atlanta real estate market for February, 2010 with a positive year-to-year increase according to Steve Palm of Smart Numbers. Although the increase was slight, 1.6% ....the news is still promising.Additionally, according to the Case Shiller Index, our metro Atlanta market hit "bottom" in March 2009. And since that time, Case Shiller is reporting metro atlanta home values have risen 5.8%. As for our new home inventory, it is at an all time low. And, although we are beginning to see a few (a very few) builders begin developing new subdivisions (at least in the gwinnett County/suwanee area) … (0 comments)
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