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Atlanta Housing Market Recovery, over 19% price increase from a year ago

By Michelle Francis

Real Estate Agent with Tim Francis Realty LLC

May 28, 2013 11:35 AM

Real estate in Atlanta has been crazy the last six months or longer. Atlanta inventories are low, prices are rising, and every real estate agent we know is having a great year. So, it was not a surprise to us at all today to hear about Case Shilling's latest findings that Atlanta's Real Estate Market dramatically increased over 19% in terms of price points over a year ago.

Tim Francis Realty was fortunate to get a call from our local ABC News affiliate, WSBTV and anchor John Bachman about this and to be on today's broadcast responding to the good news:

Tim Francis Realty is thrilled we are seeing great improvements in the Atlanta Real Estate Market. Every market is cyclical and we knew it was just a matter of time.

Homes are selling and leasing at higher prices than anytime in the last six years. This is good news as we move towards a more in balance market and a recovery.

Want to know what is going on in your local real estate market? Please don't hesitate to contact us for the current market snapshot. What a difference a year makes!

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Tracy Oliva

West USA Realty - Arizona - Fountain Hills, AZ

The Oliva Team Arizona Agents

This is some great news for all in your market, Keep up the good work and good luck with your sales, E

May 28, 2013 11:37 AM

Cindy Jones

Integrity Real Estate Group - Woodbridge, VA

Pentagon, Fort Belvoir & Quantico Real Estate News

Michelle in our market we are seeing double digit value increases as well. Once again we have to be concerned about whether this market is sustainable or not. Time will tell.

May 28, 2013 11:44 AM

Michelle Francis

Tim Francis Realty LLC - Atlanta, GA

Realtor, Buckhead Atlanta Homes for Sale & Lease

Ed & Tracy,

We are excited about the good news, as we were surprised with how bad the news got over the last five years.

Cindy,

Yes, one major factor for us is Atlanta as a city is coming on strong with job growth in a wide variety of industries. This helps us spread the improvements around. Second, we've dealt with a lot of bad banks and this should help us recover as well. Time will tell though. I do expect us to go more in balance soon, neither seller nor buyers market - say in the next six to twelve months!

All the best, Michelle

May 28, 2013 12:09 PM

Scott Larson

BHHS/Utah Properties - Park City, UT

Park City, Utah Real Estate News

That is great news for your market Michelle. Double digit gains here in our market as well. Let's hope we can have steady growth for a long period of time, great for everybody.

May 29, 2013 05:59 AM

Scott,

Yes, steady growth works great for me, this is just working to get us back in balance as we swung a bit too low.

Glad Park City is moving forward so well.

May 29, 2013 11:11 AM

Adam Malachi

A 2 Z Realty LLC - Castle Rock, CO

QSC,CDPE,CIPS,CNE,CRB,CRS,GRI,MRE,SFR

Great post and excellent news for your area! The market is hot in the Denver Metro area too!

Thanks for sharing.

Jun 03, 2013 10:50 AM

Mark Delgado

houses for rent, Solano County & Glen Cove - Benicia, CA

Benicia and Vallejo, Property Management, rental h

It's not only good news about the market but impressive to be chosen to represent the industry in a news broadcast!

Jun 08, 2013 12:18 PM

Lynn B. Friedman CRS Atlanta, GA 404-617-6375

Atlanta Homes ODAT Realty - Love our Great City - Love our Clients! Buckhead - Midtown - Westside - Atlanta, GA

Concierge Service for Our Atlanta Sellers & Buyers

Dear MIchelle,

Great experience to be on the "news"! Best wishes to you on your new listing at 761 Woodward Way as well. Hope you are feeling well and enjoying the Buckhead "rush" of the moment!

Have a happy day -
Lynn

Jun 08, 2013 01:47 PM

Francine Viola

Coldwell Banker Evergreen Olympic Realty, Olympia WA - Olympia, WA

REALTOR®, In Tune with your Real Estate Needs

Finally, it's nice to have some good news about the real estate market!

Jun 11, 2013 07:51 AM

Ginny Gorman

RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI

Homes for Sale in Southern RI and beyond

Michelle, amazing market ...we are having double digit sales but not price increases like you are seeing...great for sellers at last!

Jun 11, 2013 08:14 AM

Juli Vosmik

Dominion Fine Properties - Scottsdale, AZ

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

Michelle, isn't it fun to write about such positive news in your Atlanta housing market? Glad to see home values are on the rise.

Jun 16, 2013 05:28 AM

Joan Cox

House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO

Denver Real Estate - Selling One Home at a Time

Michelle, it is exciting to see housing sales flourishing over last year's sales. Hope 2013 is your best year ever.

Jun 26, 2013 12:05 AM

Patricia Feager, MBA, CRS, GRI,MRP

DFW FINE PROPERTIES - Flower Mound, TX

Selling Homes Changing Lives

Michelle,

This is outstanding news! Atlanta is surely on the right track for economic growth.

I wish you continued success. Your marketing report is excellent!!!

Jul 01, 2013 09:40 AM

Wayne Zuhl

Remax First Realty II - Cranford, NJ

The Last Name You'll Ever Need in Real Estate

Good morning Michelle - great news for Atlanta homeowners! It seems as though markets all over the country are reporting increases, although 19% is fabulous!

Jul 01, 2013 09:50 PM

Jim Patton

Aspire Home Real Estate 209-404-0816 - Modesto, CA

Realtor - Stanislaus ,Merced, San Joaquin Counties

Michelle - That is great news about the Atlanta market. Now I'm sure everyone would be happy with more inventory, just like we would here in Ca.

Jul 18, 2013 01:25 AM

Mary Yonkers

Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA

Erie/PA Real Estate Instructor

Michelle, thanks for sharing the good news from Atlanta. Now on to 2014 and continued recovery.

Dec 13, 2013 11:12 AM

Atlanta Housing Market Recovery, over 19% price increase from a year ago

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