Archive for the ‘Local Market Conditions’ Category:

How Rising Rents Will Help Housing in North Atlanta

By Robert Strader on February 21st, 2012
How Rising Rents Will Help Housing in North Atlanta
A by-product of the housing crisis is a robust rental market. Between people who can’t sell their homes in other states and others who have gone through short-sales, foreclosures or just simply walked away from their home, the demand for rentals are high. Add on to that list people who are in a position to ... [Continue Reading]

Foreclosures: Nationally and Locally

By Robert Strader on August 26th, 2011
Foreclosures: Nationally and Locally
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 ... [Continue Reading]

Condo Sales in North Fulton West: How Bad Is It?

By Robert Strader on August 5th, 2011
Condo Sales in North Fulton West: How Bad Is It?
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 ... [Continue Reading]

Flat Numbers Means Huge Improvement For North Fulton Home Sales

By Robert Strader on July 27th, 2011
Flat Numbers Means Huge Improvement For North Fulton Home Sales
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. ... [Continue Reading]

The Continuing Recovery: Say Hello To The Bounce Back Buyer

By Robert Strader on July 6th, 2011
The Continuing Recovery: Say Hello To The Bounce Back Buyer
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" ... [Continue Reading]

Home Sales in 30004 Buck The Trend

By Robert Strader on June 7th, 2011
Home Sales in 30004 Buck The Trend
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 ... [Continue Reading]

Foreclosure Activity in Georgia Down 39%

By Robert Strader on May 13th, 2011
Foreclosure Activity in Georgia Down 39%
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 ... [Continue Reading]

North Fulton First Quarter Market Stats: 2011

By Robert Strader on April 9th, 2011
North Fulton First Quarter Market Stats: 2011
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 ... [Continue Reading]

Average Sales Price in North Fulton: A Tale of Two Sides

By Robert Strader on January 17th, 2011
Average Sales Price in North Fulton: A Tale of Two Sides
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 ... [Continue Reading]

The Answer is No, The Market Isn’t Getting Worse

By Robert Strader on November 10th, 2010
The Answer is No, The Market Isn’t Getting Worse
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 ... [Continue Reading]
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