Atlanta real estate price trends ontario,almost home st louis missouri,oceanfront homes for sale in vero beach fl,homes for rent port saint lucie west news - 2016 Feature

30.10.2015
Kirkwood is officially the hottest neighborhood in Atlanta right now and once you review the home sales statistics, we’re sure you will agree!
The time it takes to sell a home in Kirkwood is only 38 days on average, but 44% of the properties sold in less than 2 weeks. Atlanta home sellers are just testing the real estate market will most likely take their home off the market for a few weeks over the holidays and re-list in mid to late January.
For the last 7+ years, our real estate team had the busiest months in May, June and December.
For December 2015 sales, we are forecasting that sales will be down slightly from previous years due to the extremely low housing inventory. Kerry Lucasse and the Nest Atlanta Real Estate team at eXp Realty has been working with Atlanta home sellers and buyers for more than a decade.
Contact the Nest Atlanta Real Estate Group today at 404-205-8600 and we will put you in touch with one of our local real estate experts. Homes sold in an average of just 33 days last quarter — that’s the best we’ve seen in 7+ years!
There were fewer homes on the market this Spring season (only 21 sold vs 51 last year), so with the low inventory it’s easy to see why the best homes in Virginia Highlands were selling quickly. Please note:  All Virginia Highland (Atlanta 30306) home sales data was extracted from FMLS on July 14, 2015 by Kerry Lucasse. We love being able to share all the home sales data for Decatur’s most popular neighborhood… and have some amazing stats to report in this issue of the Oakhurst Real Estate Market Report!
The time it takes to sell a home in Oakhurst has remained consistent over the last three years takes 36 days on average. Home Sales:  The number of homes sold each month has almost DOUBLED from the bottom of the market (2010). Home Values are also way up:   Median home sales price in Alpharetta is up 21% in the last 4 years. The Alpharetta sales data below was extracted from Atlanta MLS and highlights single family home sales only. Alpharetta is filled with some stunning communities, from White Columns to Windward, Deerlake, Glen Abbey, Park Brooke and Rivermont.
Also, if you have any questions about the current market and need advice about the best time to sell a home, staging advice and more, please don’t hesitate to call us at 404-205-8800. Rivermont is a swim, tennis and golf community nestled in between Alpharetta and Johns Creek and is located off Nesbit Ferry and Barnwell Roads. The Rivermont neighborhood is made up of several clusters:  Fairway Ridge, The Colony, The Rivers, North Peak, The Village and the Mounts. Days on Market (or DOM) is a common industry term, and you will see below that Brookhaven real estate is selling more quickly than it has in YEARS! Windward is made up of several small neighborhoods and is the largest and most popular community in Alpharetta, GA. HOME SALES:  In the 2nd quarter of 2015, 25 homes sold — a big jump from the same time last year! Sale prices for Metro Atlanta residential properties in November were up nearly 13% compared to November 2013.
With mortgage rates remaining low, strong stock market gains and dropping unemployment numbers, all signs point to a strengthening real estate market and overall economy moving forward. Active Listings - The number of properties listed for sale in November 2014 was up 21.7% over November 2013.
An increase in inventory could actually benefit the market by slowing down the rapid price appreciation we’ve experienced over the past two years.
As they typically do this time of year, the number of new listings has dropped considerably from October but still remain up 3.5% compared to Nov 2013. The red line represents the number of properties that were foreclosed on by the lender while the green line represents the number of foreclosed properties that actually sold during each month. All the signs from recent major market indicators point towards a positive impact on the housing market for the remainder of 2014 leading into 2015.
Mortgage rates for all loan types have continued their drop across the board reaching some of the lowest levels seen in the past year and a half.
The Dow, S&P, and NASDAQ indexes have shown strong gains over the past six months despite some volatility. As Georgia’s crown jewel, Atlanta continues to be one of the hottest real estate markets to rebound since the recession.


For all intents and purposes, the Atlanta real estate market is heading in the right direction and home values are expected to rise for the foreseeable future.
The Atlanta real estate market continues to enjoy quality equity gains over the last few years. Homes purchased in the Atlanta, GA housing market one year ago have appreciated, on average, by $12,452. Homes purchased in the Atlanta, GA housing market three years ago have appreciated, on average, by $58,930.
Homes purchased in the Atlanta, GA housing market five years ago have appreciated, on average, by $75,642. Homes purchased in the Atlanta, GA housing market seven years ago have appreciated, on average, by $64,836. Homes purchased in the Atlanta, GA housing market nine years ago have appreciated, on average, by $19,029. Price appreciation in the Atlanta, GA real estate market continues to rise, as gains in the last three years have extended the trend of positive prices growth after the recession. What makes Atlanta’s real estate market so appealing for homeowners and investors is affordability.
Another component to the Atlanta real estate market is new housing construction, which is significantly on the rise. Actively investing in real estate, FortuneBuilders is uniquely built to provide investors with the right education and systems for success.
If you're planning on buying or selling a home in 2016, you'll want to see what kind of market predictions the experts are making. Archive Page - Links and Images have been removed.John Hunt with ViaSearch discussed demographic trends at the Atlanta Housing Summit. First-time homebuyers in Atlanta have always been the number one home buying category in Atlanta.  We priced them out of the market; however, now that prices have dropped to pre 2003 prices, the first time home buyers are back! Atlanta is a great place to live and we are “cheap.” We have very seasonal trends with transferees (relos).
Despite the the fact that there are usually fewer people listing their homes for sale, people are still putting their homes on the market!
It’s no surprise that Spring is a popular time for real estate, but many Atlanta home sellers give us a strange look when we tell them that December is one of our busiest months for closings every year. Homes in popular Intown Atlanta neighborhoods like Kirkwood, Grant Park and Oakhurst are selling (on average) in under 30 days. The Nest team first started servicing the Intown Atlanta neighborhoods, but over the last three years, we have expanded the team so our clients have local experts in Alpharetta, Roswell, Brookhaven, Marietta, Stockbridge, Tucker and Decatur.
Many of the homes in the Rivermont community were built between 1970 and 2010 and are either traditional style homes or the 1980s contemporary homes. This massive jump in prices is a continuance of the price appreciation trend that started in late 2012. We have experienced a trend of increasing inventory and days on market, which could mean the supply of homes for sale will continue to grow.
Historically speaking, the price per square foot metric typically drops this time of year, so no apparent cause for concern.
However, prices in the Metro Atlanta area have jumped 11% since last November and are up slightly compared to the past two months. Although this seems like a huge jump and possible cause for concern, consider the fact that the five year average for November is 29,384 active listings and in November 2010 there were approximately 46,500 listings on the market. With prices already returning to near pre-bubble levels in many areas, a drop to single digit price growth could help stabilize the market and prevent future home value volatility. The number of new pending sales has only increased slightly from a year ago, but is still well above the five year average. As you can see, local foreclosures continue to decline as the real estate market has improved, resulting in lower REO sales each month.
With mortgage rates likely remaining low and stocks hitting record highs, consumers have the ability to liquidate stock holdings and purchase real estate with extremely favorable interest rates still in place. Many analysts expect the gradual rate decrease over the past year to hold at current levels if not drop slightly due to continued issues in European markets.
Despite a continual decline in already historically low rates over the past year, purchase loan applications have continued to decrease which may signal a drop in home buyer demand. Georgia’s unemployment rate is still nearly 2% higher than the national unemployment rate of 5.8%.


In particular, popular neighborhoods in Atlanta are expected to continue the upward swing, which includes several areas: Midtown, North Buckhead, Downtown, Kirkwood, Morningside-Lenox Park, and Grant Park. In fact, price appreciation and principle payments have boosted total equity growth in since the recession. Factors assisting appreciation in Atlanta is the number of properties in some stage of foreclosure, or lack thereof. While the current median home price is $167,800, down from the national average of $215,767, home appreciation is right on track.
According to the National Association of Realtors, the real estate market in Georgia is expected to experience higher price growth than in the U.S.
Although this information was found from sources believed to be reliable, FortuneBuilders Inc.
This buyer does not want to be labeled as an active adult buyer; however, they are more willing to buy in an age-restricted community now. Our mission is to have real estate agents who know their local real estate market inside and out, so they can offer solid advice on neighborhoods, schools, home prices, real estate trends and help you list your home at the correct price to ensure that you get top dollar. This quiet, wooded community is filled with some down to earth residents who enjoy walking, and socializing around the pool or in Rivermont Park that runs along the Chattahoochee River. This includes the pool and tennis, but the Rivermont Country Club membership is a separate fee.
Children attend Barnwell Elementary, Haynes Bridge Middle School and the top-ranked Centennial High School. Despite a winter “cool down” in prices from the 5-year high experienced this past June, median sale prices have remained constant the past three months and appear poised to increase again in 2015. The increase in supply in conjunction with a dropping sale price to original list price ratio may mean less of a seller’s market as we move into 2015.
The Metro Atlanta market has experienced double digit increases year over year since hitting a post-bubble low in Nov 2011 ($64). At $243,826, the average sale price of metro area homes in November has increased nearly $100,000 since hitting a five year low of $144,789 in January 2011. Closed sales show buyer demand has increased compared to a year ago, but still reflect the large drop off in activity this time of year. The number of pre-foreclosure notices have continued to drop over the past year as well, currently they’re down 45.6% compared to one year ago. Other than an uptick in the unemployment rate in late summer, moderate unemployment numbers have reduced job market fears aiding buyer demand for housing. Despite the strong jobs report at the end of November, interest rates dropped to start off the month of December sending mixed signals to many experts.
The most encouraging news for current homeowners in the Atlanta real estate market are appreciation rates. According to RealtyTrac, there are currently 2,843 properties in some stage of foreclosure. However, like most of the housing markets across the nations, the inventory shortage is expected to be a factor moving forward.
We see many more people choosing to rent before they buy, and we are seeing more people using professional relocation services when they are transferred. Look for a spike in December’s figures as each of the past two years has produced big jumps to close out the year. This 68.4% increase in sale prices has restored much of the lost equity from the housing bubble and caused home prices in some areas to reach all time highs. The drop in average sold to original list price ratio shows the weakening of the seller’s market that will likely continue as inventory increases and price appreciation slows.
In early December the Dow hit a record high of 17,991 before falling on the announcement of crude oil price drops.
However, the number of foreclosure filing was 27 percent lower than the month of May 2016 and 31 percent lower than the same period last year.
The owner of this blog makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site.



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