Latest Signals From The North Atlanta Housing Market-Much Improved!
February 21st, 2011 categories: BUYERS only, Month to Month, Real Estate Forum, SELLERS only
I think we are finally turning the corner!
The National Association of Realtors
just reported that 78 markets have seen price gains in the fourth quarter of 2010 over the previous year.
Existing home sales are rising as well, up 15.4% from the third quarter of 2010.
Personally, I am also seeing the same changes here in North Atlanta GA. Our team’s business is up substantially from 1st quarter of 2010, including the volume of buyer’s that are looking to purchase.
Buyers – A Time To Move
If you are in the market for a home and have been sitting on the sideline waiting to purchase, I believe now is the time. It’s very difficult to predict the bottom, as no one knows exactly when it ends and the acceleration begins. When looking at the total market from the past few years, I am of the belief that the Milton, Alpharetta, Georgia market has stabilized as there is less inventory then the past few years with more buyers on the hunt for a home.
This doesn’t mean the market is going to increase 10%, but I do believe that the trend of home prices is now going to start creeping up once again. With interest rates still relatively low, you can find great values and purchase a lot of home for the dollar.
Sellers – A New Beginning
If you’ve been waiting to put your home on the market in the North Atlanta area, or had already listed it and it expired, you may want to take another look. We are slowly moving toward an opportunity for you to list once again, as you may be able to get back some of the value and equity lost from the past couple of years.
See How We Market A Home In North Atlanta GA
In my opinion, don’t overprice your home. In today’s market, approximately 80% of the listings in FMLS may be potentially overpriced. We are seeing 20% of the homes moving, and those that get a contract have typically been on the market for about 60 days. If your house is currently listed for over 90 days and you haven’t seen an offer, you may want to take another look at the market analysis for your neighborhood and home.
Remember, property is very local in nature, not just by city and state, but by neighborhood, and in some cases by block. This is one of the perks of working with your local real estate agent, and it’s all a free service. If you would like to get up to date data and home value, don’t hesitate to send me an email or give me a call. You can reach us at 678-628-8865.
I am very excited about what I am seeing early this year in the Milton, Alpharetta, North Atlanta Real Estate Market and I look forward to hearing from you in
“You Journey To Home”!
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