I know; it’s a dangerous thing to do. Who can really say what will happen with home sales in our area this year. Economists have a hard time predicting jobs, Wall Street and business success or failures. Why should I try to tell anyone what our market will be like this year? My predictions are…

Luxury homes were hit hard in the downturn as values dropped and money got tight. But what really hurt sales of expensive homes in North Fulton was wealthy buyers sitting on their wallets waiting until they felt that the time was right to buy. What we have seen in 2011 was a clear indication that…

The Business Journal reported on a study which ranked cities around the country with a Quality of Life (QOL) ranking. The first release identified those rankings in the south, which covered 13 southern states. Out of those 13 states, Milton, GA ranked #9 which was the highest ranked city in the state of Georgia. The…

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.

Given that it’s Thanksgiving week and we all should reflect on what we are thankful for, I want to share with home sellers in the North Fulton Market (Alpharetta, Milton, Roswell and Johns Creek) five things they can be thankful for  regarding October Home Sales. No. 1 – Number of homes sold We had 204…

-28% The percentage drop in Townhome and Condo inventory in North Fulton from one year ago. On the last day of each month I post a "Big Number" or interesting figure related to real estate.

I wrote recently about the decreasing inventory levels and increasing sales number s over the past 12 months. Inventory levels are down 18% in North Fulton. Which raises an obvious question; at what point to we see average sales prices increase. There have been some limited but positive indications that prices have stabilized or are…

And Sales Continue to Rise. I’ve been mentioning now for a while that inventory levels, year-over-year, have been on the decline. That, coupled with the YoY increase in units sold, add up to positive news for the real estate market in North Fulton, Forsyth and East Cobb. In the first chart you will see Inventory…

8 The months worth of inventory for single family detached homes in all of North Fulton. This number was 10.1 in September of last year, a drop of 21%. On the last day of each month I post a "Big Number" or interesting figure related to real estate.