ATLANTA REAL ESTATE - JANUARY 2010 in REVIEW

By
Real Estate Agent with Berkshire Hathaway GA Prop

 We are off and running. January, 2010 is now just a distant memory. And, for the Atlanta real estate market, January, 2010 left behind the lowest number of closings in a month during the past nine (9) years (Steve Palm/Smart Numbers, Marietta GA January 2010 Agent Report).

And, the foreclosure market in Atlanta seems to be taking a break. We saw just over 8100 foreclosure filings for the month of January. Seems hard to imagine that we see that figure as good news. Gwinnett County came in second with 1,196 foreclosure fiillngs according to Realty Trac.  And, according to Steve Palm with Smart Numbers we will see l00's of new construction foreclosed condos hitting the Atlanta market during 2010. Despite this news, the predictions are we are likely to see foreclosures take a back seat to short sales. It is a tedious and time consuming process when you make the choice to place an offer on a short sale property; however, we will see changes during the second quarter this year on how short sales are handled so with any luck the change will bring about a more expedient and stream lined process....we can only hope.

Here is a look at January, 2010

 


Come to my house:
MySuwaneeHome.com

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Georgia Gwinnett County Suwanee
Groups:
City and State
Tags:
atlanta real estate
atlanta home sales
atlanta foreclosures
atlanta short sales
atlanta market reports

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
50,991

Janice Slaven

Suwanee Georgia Real Estate
Ask me a question
*
*
*
*
Spam prevention

Additional Information