Tag Archives: Metro Atlanta

More Good News for Georgia Home Sellers

Wednesday, 27 November 2013 16:08
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According to the Georgia Association of Realtors recent monthly indicator report, October continued to be a great month for sellers.    The report shows that home values continued to rise and inventory continued to decline.

Even better news for sellers…  Days on Market was at the lowest point in 9 years and Percent of Original List Price has significantly increased for Georgians!

2013-10 Days on Market2013-10 Percent of Asking

Some of the highlights from the report are:

•           Median Prices rose 34% to $147,150

•           Average Prices rose 23% to $186,362

•           New Listings increased 8%

•           Pending Sales were up 17%

•           Inventory Levels shrank 10%

•           Month’s Supply of Homes for Sale decreased 13% to 5.4 months

•           Days on Market decreased 22% to 75 days

•           Percent of Original Price Received increased 1% to 94.5%

Click here to access the full report.

Please contact me if you would are considering selling and would like to know more.

Marie Dinsmore, Certified Luxury Home Marketing Specialist

The Dinsmore Real Estate Team  |  www.dinsmoreteam.com

Marie@DinsmoreTeam.com | 770-712-7789

2014 Housing Market Forecast

Tuesday, 19 November 2013 15:26
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Housing UpThere was a great article in the Washington Business Journal on the 2014 Housing Market that I thought I would share, quoting two notable Economists.

According to Lawrence Yun, Chief Economist for the National Association of Realtors, good things will continue to happen in the housing market in 2014.   Due to suppressed activity during the past four years, rising demand, and a steady decline in inventory, Mr. Yun expects home prices to increase in 2014 as well as 2015, nationally.   He predicts that the nation median existing home prices should increase by 6% in 2014.

“Real estate will be a hedge against inflation, with values rising 15 percent cumulatively over the next three years, also meaning there will be fewer upside-down home owners,” Yun said. “Today is a perfect opportunity for moderate-income renters to become successful home owners, but stringent mortgage credit conditions are holding them back.”

Mark Vitner, Managing Director and Senior Economist at Wells Fargo, predicts that distressed homes (short-sales and foreclosures) will still be around, but will be declining.  “Distressed homes right now are like an after-Christmas sale – most of the best stuff has been picked over, but make no mistake they’ll be with us for a while.”

Yun projects the market share of distressed sales will decline from about 25% in 2012 to 8% in 2014.

Marie Dinsmore, Certified Luxury Home Marketing Specialist

The Dinsmore Real Estate Team  |  www.dinsmoreteam.com

Marie@DinsmoreTeam.com | 770-712-7789

Traditions – New Lifestyle Community in South Forsyth

Wednesday, 13 November 2013 22:17
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While groundbreaking just took place, this new 400-home community in South Forsyth County, Georgia is drawing a lot of interest.

130917_Traditions_Rendering-01

Traditions will feature amenities for families of all ages including playgrounds, sports fields, tennis courts, a signature pool and lakefront clubhouse as well as multiple parks and open spaces sprinkled about the community. All of this will be within walking distance to Fowler Park and the Big Creek Greenway Trail. In addition, a grocery-anchored neighborhood marketplace with pedestrian access from Traditions is planned directly adjacent to the community.

Traditions - Phase 1

The homes, ranging from $300,000 to $500,000, will be designed by the award-winning architecture firm Wakefield Beasley and will include standard features that would be considered extras in other communities.  Local artists and designers have also been contracted to provide unique touches to Traditions homes and its outdoor amenities, creating inspiring outdoor spaces and floor plans for today’s busy family.

Traditions siteplanTraditions is located near top-rated schools (Vickery Elementary School, Vickery Middle School, West Forsyth High School) and is less than two miles from GA 400 and will be the closest residential community in Forsyth County to Atlanta (accessible by either the McFarland Rd. or Hwy 141 exits). Residents will be a short drive to The Collection (formerly known as The Avenue) and many other popular restaurants, shopping and other entertainment venues.

FrontDoor Communities is the developer for this new community.   Terry Russell, FrontDoor’s CEO and Partner said, “Forsyth County is one of the most sought-after and fastest-growing residential submarkets in the area. We couldn’t have chosen a more ideal location for our entry into the metro Atlanta market.”

Phase I should be completed by mid-2014.   If you are interested in this fabulous new community, please contact me before the choice lots have been taken.

Marie Dinsmore, Certified Luxury Home Marketing Specialist

The Dinsmore Real Estate Team  |  www.dinsmoreteam.com

Marie@DinsmoreTeam.com | 770-712-7789