93% The average sales price to original list price ratio (SP/OLP) for Q4-2011 distressed sales in North Fulton. This included Bank Owned and Short Sales. Oh, by the way, 20% of those distressed sales sold for more than asking price. On the last day of each month I post a “Big Number” or interesting…

We hear the news reports almost daily. "U.S. Foreclosure Inventory at Record Levels", "Foreclosure Inventories Climb", etc. I’m not suggesting those reports are inaccurate, but I do want to put our local market here into context. I’m speaking specifically about the cities of Alpharetta , Milton, Roswell and Johns Creek. While inventories are down significantly…

23% The percentage of home sales in North Fulton for November that are distressed sales (foreclosure and short sales). With lags coming in over the next week, this will probably go up another 2-4% On the last day of each month I post a "Big Number" or interesting figure related to real estate.

Halloween is right around the corner and we all love a good scare around this time of year. I went a little outside our North Atlanta "Box" and pulled three frighteningly horrific properties from Atlanta that you can buy today – if you dare! Oh, and the property descriptions are not made up… For the…

The latest report from RealtyTrac stated that 1 in every 570 households nationally received a foreclosure notice. The State of Georgia is ranked number 4 with 1 in every 346 households receiving a foreclosure notice in August. When people hear this news it makes you sink back in your seat and think, "our market sucks…

I took a walk through one of the most unique homes I’ve ever seen in Milton or Alpharetta. I’ll start off by saying, this home isn’t for everyone but I wish there were more unique homes in our area? The fact that this home isn’t what you would expect to find is what makes it…

Here is the latest report from RealtyTrac on the percentage of all home sales that are foreclosure sales. It reflects, by state, the percentage of sales for the 2nd quarter of 2011. The state of Georgia is right up there with an average of 38%. Woefully far from the 4% number in Nebraska (those lucky…

Three years ago terms like Short Sale and Loan Modification were new to most people. Foreclosures were just starting to happen; we were all trying to figure out what it all would mean. Since then we’ve seen a lot of large companies and banks go out of business, become familiar with the term "strategic default"…

I had a conversation recently with someone who said, “Isn’t White Columns hurting from a lot of foreclosures?” My response was that foreclosures can hurt a lot of communities but I wasn’t aware of White Columns having an inordinate number of distressed sales. There are communities like Saint Marlo – in South Forsyth – that…

40 Month Low According to RealtyTrac national foreclosure activity is down 34% year-over-year last for month. It’s the seventh straight month that foreclosure activity has decreased on an annual basis. Down 9% from last month, we are at a 40 month low. Georgia is Number 8 Georgia is number 8 on the list of the…