Where Are Home Values Headed For Metro Atlanta?

By
Real Estate Agent with Berkshire Hathaway GA Prop

 



 

It can be very confusing these days to filter through all the news about the housing market. The sensationalist national headlines may sell advertising but are often wrong or misleading for Metro Atlanta or your local market. To further complicate matters, the typical metrics used to track real estate trends do not tell the accurate story in the current market.

  • Did you know that over 50% of all transactions in 2011 have been under $125,000? That has historically been around 10-15% of the market.
  • Did you know that approximately 60% of all transactions are foreclosures or short sales? That is also normally 10-15% of the market.
  • Did you know that many bank-owned properties are selling above their list prices?

These changing trends make the traditional metrics for real estate unreliable. Ratios like average sale prices, median sale prices or list-to-sale ratios can be very misleading. One metric we like to track is the “previous sold price” to “current sold price” ratio. We believe that is a more accurate approach to considering home values. This is the method used by the Case-Shiller Index. Each month, we write a detailed article which explains the latest Case-Shiller results for metro Atlanta.

Click here to see the most recent article

The Case-Shiller index is a good indicator for Metro Atlanta home values. But real estate is local and every market is different. I have access to proprietary information resources and can help you determine the most accurate value for your property.

 


Come to my house:
MySuWANEEhome.com

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Georgia Gwinnett County Suwanee
Tags:
home values
solds
local market
market trends
suwanee
metro atlanta
gwinnett
real estate
case shiller

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
361,926
Jeanne Dufort
Coldwell Banker Lake Country - Madison, GA
Madison and Lake Oconee GA

Good post Janice.  I just posted a market report for the Madison-Lake Oconee area where I made a similar point - that drop in average price can be a result of a change in the mix.

Oct 26, 2011 08:56 AM #1
Rainer
27,574
Aloha Mortgage Loans
Kihei, HI

Thank you for the information. I know of interested parties in that area who like to be informed of the latest real estate stats.

Oct 26, 2011 09:02 AM #2
Anonymous
Janice Slaven

Jeanne - Thanks for the comments to my post. I track sales all year. I have found that our Metro Atlanta market has had an increase in unit sales this year over 2010; but the prices....YIKES!!!! They continue to tumble.  I keep hearing that home values are stabilizing but it is definitely geographic.

Oct 26, 2011 10:50 AM #4
Post a Comment
Spam prevention
Show All Comments

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