If you read the news, especially the Atlanta Real Estate section, you’ll likely hear that real estate is UP, by some estimates as much as 20%. In Gwinnett county the new average sales price has risen to $179,900.
So in the words of my Grandma-ma “Is it real or memorex?”
First of all a percentage based increase is due to the abnormally high volume of institutional investors. Groups like Blackstone bought and paid more than appraised value for over 1,400 homes last year. In addition, smaller hedge funds and investors in general are fighting over the $50,000 properties and driving up the prices. Keep in mind a $5,000 increase on a $50K property is a 10% jump.
Secondly, the home buyers that might have bought and financed these homes are having to increase their price range and buy homes $150,000 and below instead of the traditional $100K range. Keep in mind that interest rates are low so this makes money more available for everyone.
Additionally, those buyers that would be buying the upper end of first home or second homes are ALSO having to increase their purchase range as well.
Finally, because of the economic downturn and the housing collapse many sellers who would want to sell can only do so through a short sale. Since many are very close to breaking even, they just sit in their homes. With the bank doing more short sales and people sitting in their homes longer, the available Atlanta Homes for sale just isn’t enough to support the demand for very long.
With all that typed… Yes, it’s a seller’s market but it’s not up 20% is the answer you were looking for.
What’s Hot and What’s Not?
Alpharetta is normally the premiere real estate town, however, the prices are high and the rentals are lower here so the investor influence isn’t as great.
However, Lawrencevill Real Estate, Dacula Homes for sale and Suwanee and Buford Homes are going fast. These homes are more affordable, attractive to investors and home owners alike, especially with the strong overall school system.
JARVIS ATTENDS SPECIAL TRAINING,
BUILDS EXPERTISE IN LUXURY HOME MARKET
(Duluth, GA, March 22nd) – Joshua Jarvis with Jarvis Team Realty at Keller Williams recently completed a luxury home marketing training course offered by The Institute for Luxury Home Marketing.
The course – which covered such topics as demographics of the affluent, lifestyle segmentation, trends and amenities in today’s luxury home product, and creating a marketing plan for the multi-million dollar property – was taught by Laurie Moore-Moore, President of the Dallas-based Institute for Luxury Home Marketing and author of the book, Rich Buyer, Rich Seller! The Real Estate Agents’ Guide to Marketing Luxury Homes.
“The course is a step towards earning the prestigious Certified Luxury Home Marketing Specialist (CLHMS) designation which The Institute awards internationally to sales professionals who meet performance standards in the upper-tier residential market,” said Moore-Moore. Joshua Jarvis is an example of a sales associate who works to hone the special skills and competencies necessary to provide exceptional service in the fine homes and estates marketplace.”
Jarvis is an award-winning sales associate who has been in real estate since 2003 and specializes in the MillCreek Area including Chateau Elan, Hamilton Mill, Hidden Falls, Hedgerows, Trilogy Park and down to Sugarloaf Country Club in the Duluth market. The Jarvis Team finished up 2012 with 102 homes sold and ready to take their unique approach of market dominance and internet mastery to a new level.
“The training provided new insight about the upper tier market, helped me polish my skills, and provided valuable networking contacts with other agents across the country who specialize in luxury properties,” said Jarvis. “In addition, I discovered new and creative tools for promoting expensive homes and estates and new resources for finding buyer prospects. Home buyers and sellers will benefit from my new knowledge.”
For insights into the current state of the luxury market, contact Joshua Jarvis at Jarvis Team Realty and 770-374-4667 or email JarvisTeam@KW.com.
Jarvis Team Realty
1960 Satellite Blvd, Suite 1100
Duluth GA 30096
Posted by jarvisteam under For Buyers
Buying A Home Is More Affordable Than Renting In Lawrenceville, I couldn’t believe these great homes for sale in Lawrenceville.
Amazing deals in Lawrenceville! You can get more than 5 bedrooms and a finished basement or a brand new home with 5 bedrooms for less than $1,200 a month (with taxes and insurance). It’s cheaper, much cheaper to buy then to rent.
Similar rentals in the area for $1,200 are 3 bedroom homes built in the early 90′s and late 80′s.
What’s even more amazing is that the number of Atlanta Short Sales are declining.
Announcing Mill Creek GA Homes Site
The Jarvis Team is proud to announce Mill Creek GA Homes (http://MillCreekGAHomes.com), a site dedicated to the home owners in the Mill Creek area. This area includes Buford Homes, Hoschton Homes, Dacula Homes all in Gwinnett County.
Additionally, the site, Mill Creek GA Homes, focuses specifically on house values in Hidden Falls, house values in Hamilton Mill, house values in Chateau Elan, and initially house values in Trilogy Park.
The Jarvis Team wanted to set out to give real hard facts to the homeowners due to the discrepancy they uncovered.
- 90% or more home buyers start their search online and research up to 8 months before buying a home.
- 80% of home sellers list with the first real estate agent they meet and never do any market research on their own.
Home buyers may find the information interesting but can still search for homes in GA from GAHomesDigest.com.
Check out Suwanee Homes For Sale! Amazingly, there’s 63 available homes under $300K.
If you’ve been searching in Suwanee for homes, then you know that’s there’s just not that many to choose from. The most plentiful options are between $200K and $300K.
In addition, you can search some popular neighborhoods.
Check out the new homes for sale in Gwinnett County
It’s been a long time coming but the builders are back and their building all over Gwinnett County. If you’re looking for a newly constructed home, then you’ve got over 150 to choose from in the Gwinnett County area. Click the photo or this link to be taken directly to the page.
Want more information about each individual city?
Best Buy for New Listings of Duluth Homes For Sale!
The number of homes for sale is definitely down, but check out these 18 homes for sale in Duluth! Some outstanding deals here. Since August, the median price has risen a whopping $100K, easily the most in Gwinnett County. Now’s the time to act, last years was definitively the bottom of the real estate market.
For a quick reference guide here’s some helpful links.