Buy Now!

With all the bad media hype about the real estate market it is no wonder sales have dropped. Today's market is not as bad as the news media is making it out to be. Remember the market is all relative to the area. The Georgia real estate market has not changed as drastically as the media would like us to think. The only thing that has changed is who has the upper hand. We have switched from a Seller's market to a Buyer's market. If you are thinking about buying a home, today is a great day to buy. Not only do you have nearly 100,000 homes on the market, interest rates are low and Seller's are giving away incentives that will make your mouth water. Remember a year ago when Builder's would not budge on price and every thing was an upgrade? They have turned the other cheek and will practically give the shirt off their backs to get you to buy their home.
Seller's if you don't need to sell, sit tight. Let the builder's sell their inventory. Let the foreclosures sell. Your turn will come back, but you need to be patient.
I plan to make improvements on my house so I will be ready when the market turns around. I may not get my money back, but I will enjoy the upgrades. When I am finally ready to sell, my house is going to shine. My return will show in a fast sale.

The Atlanta Market

Single family home sales in four areas of North Fulton show a slight drop in sales compared to last years market. While last year there were about 55 more sales overall, the price and time it took to sell did not change much. Last year Seller’s were averaging about 96% of their list price with an average of 65 days on the market. This year Seller’s were averaging about 95% of their listed price with an average of 66 days on the market.

The condo market has not fared as well as the single family homes, but they are holding on their prices. Last year there were about 100 more sales in the condo market than this year. The good news is that the condo owners have been selling at approximately 96% of their listed price with an average of 100 days on the market. Last year condo sellers were averaging about 98% of their listed price with an average of 91 days on the market. Be patient and you will sell.

This information was taken for a small section of Atlanta and compared July 2007 to July 2006 and therefore, may not hold true for all areas.

For Fun Things to do in Georgia

If you are looking for some things to do in Georgia, go to the calendar on my website.
Click here