North Atlanta Real Estate Blog 
Cobb County Sales Statistics for April 2010
Wednesday, June 9th, 2010 at 8:24pm. 49 Views, 0 Comments.
Go to this link to watch the YouTube Video:
http://www.youtube.com/user/burgerrealty
Transcribed from YouTube Video on Cobb County Real Estate
In April 2010 there were 640 home sales in Cobb County. You may be asking what has taken me so long since we’re currently in June. However, if I wait just a little bit longer the statistics are usually more accurate. So I’m certain 640 sales is fairly. Out of those 640 Cobb home sales, 175 were foreclosures. Contrast that data to April 2009 where there were 464 sales at average price of $213,944. April 2010 posted a sales volume gain gain of about 15% and the average home sale $228,097. A 7% increase in sales price occurred between this year & last year in April.
Now let’s take a look at the 175…
Streamlined Short Sale Processes on the Way
Wednesday, December 2nd, 2009 at 5:35am. 509 Views, 0 Comments.
Treasury Outlines New Guidelines to Streamline Short Sales
Short sales have long been problematic for buyers and sellers alike due to the lack of urgency by banks to work out contracts in a timely manner. We've all heard the horror stories about buyers waiting three to six months or more before hearing from the bank on whether their offer was accepted or not.
According to the National Mortgage Bankers
Association, more than 9.1% of Georgia mortgage borrowers are 60 or more days
late on their mortgage payment.
In 2010, short sales are predicted to be a larger portion of the marketplace in the Metro Atlanta region. Some experts estimate that 40% of home sales in 2010 will be "shorts."
Short sales are seen as beneficial for 3 primary…
Santa Comes Early in Atlanta Housing Statistics for October 2009
Tuesday, November 24th, 2009 at 8:41am. 209 Views, 0 Comments.
Pre-Holiday Cheer for Atlanta Housing Market
There is reason for some pre-holiday cheer in the Atlanta Housing Market! Numbers just released for October show the strongest year to year percentage increase in closings since May of 2006. According to Marietta, GA based Smart Numbers, there were 4,532 closings in October for all single family. After reported "lag closings" the increase should be at least 15% from October 2008.
While the average price single family detached homes ($201,038) was up from September 2009, prices declined 6.9% from October 2008. If the average price home holds at $200,000 in November, and I believe it will due to the surge of activity related to the then expiring tax credit, then it will be the first year over year price…
North Cobb Inventory Disappearing?
Tuesday, October 6th, 2009 at 9:41pm. 273 Views, 0 Comments.
Today was the eye opener that I've been waiting for...
All the doom and gloom of record foreclosures and burgeoning inventory aside, it seems there are not enough "nice" homes to satisfy demand in the $150k-$200k price range. One new home community (yes, they still exist) in North Cobb had UNDER CONTRACT signs on 90% of its properties! John Adams reported in his weekly column in the Atlanta Journal Constitution that the best time to buy may be coming to an end. This weeks interest rates are some of the lowest on record. 30 year fixed rate loans are well under 5% and have held there for several days.
I spent some time today with a great family expecting their third child and looking for a little more room. I went through all 98 listings that met their…
Sales They Are A Changin' in Buckhead
Wednesday, September 16th, 2009 at 9:44pm. 150 Views, 0 Comments.
This weekend I showed a wonderful couple from Jacksonville, Florida townhomes and condos in the most exclusive areas in Buckhead. We found out some profound news that the rest of the world has yet to discover...HOMES ARE SELLING! Several new construction projects have deeply discounted pricing and savvy buyers seem to be out in gobbling up the bargains.
Take the Brownstones at Habersham for example. 14 townhome SOLD IN JUST 30 DAYS averaging over $500,000. We were shocked to find a 4 level, 3,000 square foot townhome complete with a roof patio & stunning views of Buckhead's business district gone. The home was originally listed in the $800's.
That's not all, one 2000 square foot condo in the exclusive Phoenix building is in the low $400's. From this…
Cobb County Foreclosures in August
Saturday, August 8th, 2009 at 9:09pm. 234 Views, 0 Comments.
According to the Marietta Daily Journal, there were 1,079 foreclosed homes for sale on the Cobb County Courthouse steps this past Tuesday. This represents an increase over the August 2008 auction of 861 foreclosures. Many of these homes will be listed and sold to the public over the next several weeks.
Foreclosures continue to drive the market place to a slower recovery. What does this mean for the Cobb County housing market? Let's consider this, in all of July there were 561 single family detached homes that sold, 84 attached condos/townhomes, and just a handful of land/lots.
If 75% of the homes sold on the courthouse steps will be marketed publicly for sale, it will be slightly higher than an entire's month worth of sales in Cobb. Add short…
Atlanta Real Estate Inventory Down 10% from 2008
Wednesday, July 22nd, 2009 at 5:48am. 225 Views, 0 Comments.
Many sources have predicted that the Atlanta housing market would hit bottom and begin a slow but steady recovery in late 2009. It sure seems like that is the case today as a new report shows months of inventory for single family detached housing in June reduced to 12 months verses 13.6 months in June 2008. This is a positive sign that while the economy is still weak, the housing market is beginning a slow turn to the positive.
The average sale price for detached housing in June was $217,790 in Metro Atlanta, a 13.4% decrease from 2008, but $42,000 above the recession low in February. It was also the 4th consecutive month of price increases. Again, the basic economic principal of supply and demand continues to prove that the market is gaining some…
Cobb County June Home Sales
Wednesday, July 15th, 2009 at 10:04pm. 149 Views, 0 Comments.
Cobb County single family home sales were strong in June at 618 sales compared to 515 in May. The June sales represent a 5% year to year drop from 648 sales in 2008, but the largest statistic of note is that between June of 2008 and June of 2009, the average sales price dropped in Cobb County by 13.6%. The average Cobb home in June of 2009 sold for $244,207 while the June 2008 average sales price in Cobb County was $282,643.
There were 1,312 properties listed in Cobb in June of 2009 compared to 1,693 in June '08. 232 foreclosures were listed in June as well. Of the 618 sales in June, 166 were foreclosures at an average price of $175,817. Foreclosures sold for 94% of the final list price of the home. Non-foreclosure homes sold for an average of…
Atlanta School Guides, Fact or Fiction
Wednesday, July 15th, 2009 at 9:23pm. 157 Views, 0 Comments.
What are the best schools in Atlanta? Well it depends on who you ask. If you ask a parent, they are going to give you their own "world view" of the school system. Ask a disgruntled parent and they will tell you the school is pure evil, ask the valedictorian's parents and you'll get a completely different story. Ask a new teacher and she's overwhelmed, ask a retiring teacher and he may be burned out. Ask a principal and everything is grand! You get the idea.
Newsweek just came out with its "America's Top Public High Schools" list for the United States. A link to the Georgia schools is provided below. As I gazed the list, there are several familiar names: Walton, Pope, Lassiter, Harrison, Centennial, Dekalb School for the Arts, etc. However, many…
Low Voltage Installer Atlanta
Friday, July 3rd, 2009 at 10:16pm. 223 Views, 0 Comments.
Today I actually had some work done on my own home for a change. I wanted some rooms wired for internet. I called Jeff Terry, a low voltage contractor I found through a referral and he was amazing! Ran 4 new lines to a tidy little area in my basement and charged me a very fair fee.
Not only was Jeff's installation extremely professional, but he was a nice guy too. He brought his gear in the house and the first thing he did was lay a cloth down in the hall to keep the hardwood floors protected. You have to like a contractor who brings a portable shop vac with him on the job. It didn't just sit their, I heard him use it 4 times. The workspace was always immaculate.
Jeff specializes in all types of low voltage wiring in the Atlanta area from a small job…