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…

In a word: Dismal Comparing Year-over-Year (YoY) transactions for Q2-2011 to Q2-2010 we are worse off in every possible way with the exception of inventory levels but that isn’t saying much. We have fewer transactions, lower list prices, lower sales prices – significantly lower median sale price. Average days on market is up 6%. If…

No Change = Big Change In reviewing home sales date in our area for the second quarter of 2011 your initial reaction might be much like mine was – unimpressed. However, there is reason to feel good. I pull quarterly numbers and look at what I think are the most important data points each quarter….

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"…

There was a recent AJC article out that discussed how poorly the housing market is doing in metro Atlanta. Comparing median sales prices in 2010 to 2009 there were many zip codes that saw price declines. The article reported that on average, median prices for the metro area dropped 4.5% for this period. Some of…

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…

North Fulton West There have been big changes for the first quarter of 2011 vs 2010 in both single family and condo / townhome numbers. For single family, the numbers look pretty good. Total transactions are down 15% which we can attribute to the tax credit last year, which pulled a large number of sales…

It’s time to look back at the numbers for 2010 and see how we fared over the year. I’ve written often about how real estate is local and that we shouldn’t pay too much attention to the national numbers we hear on the news. There are pockets around metro Atlanta that will do better or…

At least not here in Atlanta….. I know you might not be feeling it right now and I can speak for a lot of Realtors out there when I say it’s a challenging market. Sometimes people look at me a little funny when I say things are getting better, so rather that write out a…

20% The percentage increase in sales of existing homes in North Fulton County for Q2 2010 vs Q2 2009. On the last day of each month I post a “Big Number” or interesting figure related to real estate in our area.