Cobb County 
Cobb County real estate blog.
There are currently 9 blog entries related to this category.
Multiple Offers are Back in 2011!
Friday, April 15th, 2011 at 9:48pm. 108 Views, 0 Comments.
The East Cobb, Alpharetta, and Roswell real estate market is suffering from a shortage of mint
condition home inventory resulting in multiple offers scenarios on well
priced, pristine homes. Meanwhile, homes on the market for six months or
more continue to decrease in value while buyers wait for the next
“creampuff” home to be listed for sale. Many agents and buyers are
frustrated at the lack of “good” inventory.
So
why are prices going up? And why do I say there’s an
inventory problem? The simple answer lies in the inventory shortage of
mint condition, move-in ready homes in East Cobb & North Fulton. A mint condition house
to most buyers today is defined as having neutral paint, tasteful
upgrades and decor, updated appliances, newer…
2011 East Cobb Home Prices Rise 9% in January, 12% in February
Saturday, March 12th, 2011 at 10:41pm. 127 Views, 0 Comments.
Don't want to read? Watch this same report on YouTube! You'll have more fun. Click HERE to watch.
I
just pulled early sales data for Lassiter, Pope, and Walton school
district and I was astounded by what I found. I knew the market was in
recovery mode in East Cobb, but had no idea the gas pedal is was the way
to the floor.
We’ll
look at 2 stats today from 2010 and 2011, homes that went under
contract in January and February, and homes that actually sold. Let’s
go:
In
2011, 57 homes went under contract in lassiter, Pope, and Walton in
January, 72 in February. In 2010, 65 homes went under contract in
January, and 72 in February. If you recall, the 2011 Atlanta snows wiped
out a complete business week in Atlanta, and I’m positive this…
Cobb County Sales Statistics for April 2010
Wednesday, June 9th, 2010 at 8:24pm. 293 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…
Santa Comes Early in Atlanta Housing Statistics for October 2009
Tuesday, November 24th, 2009 at 8:41am. 395 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. 576 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…
Cobb County Foreclosures in August
Saturday, August 8th, 2009 at 9:09pm. 536 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…
Cobb County June Home Sales
Wednesday, July 15th, 2009 at 10:04pm. 275 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…
Featured West Cobb Subdivision - English Oaks
Thursday, June 18th, 2009 at 9:55pm. 370 Views, 0 Comments.
As I work with first time or experienced buyers, they want to know what subdivisions might fit them, their style, etc. As an agent, I am restricted on what I can and cannot say due to federal fair housing laws. However, I can convey facts about communities that have good reputations.
Take English Oaks subdivision for example, this fine community is located in Kennesaw, GA and is the only community that has direct access to Swift/Cantrell Park, Kennesaw's newest and largest city park. The community first started roughly ten years ago when a builder from California found a great piece of land within the city limits of Kennesaw. English Oaks is a swim/tennis community and features 330 charming homes ranging from traditional two story style, to ranch and…
Amazing Master on Main Deals in Cobb County Subdivisions
Tuesday, June 16th, 2009 at 10:30pm. 244 Views, 0 Comments.
Today I showed homes to a very nice man who is a professor at Kennesaw State University. He was looking at Master on Main floor plans including ranches in Cobb County. What struck me today was how vastly different the prices can be from one community to another, no wonder appraisers are having a tough time setting values in today's market. Some of the communities we saw were McEver Park, English Oaks, Howell Farms, and Centennial Commons. Some very fine offerings in each of these Cobb County swim communities. We found 3 gorgeous homes with hardwoods, charming gardens, covered porches, and more.