Here are the latest housing market statistics for Cumming, GA! If you'd like more detail on the market, what's available or how much your home might be worth, let's set up a meeting to discuss!
Tuesday, November 05, 2024
Here are the latest housing market statistics for Cumming, GA!
Monday, November 04, 2024
Lanier Waterfront Homes For Sale With Docks - Your Neighborhood Report!
Lanier Waterfront Homes For Sale With Docks - Your Neighborhood Report!
Wednesday, October 23, 2024
Savvy Home Seekers Navigate Opportunity
Savvy Home Seekers Navigate Opportunity
/ Home Buying / By BHHSGA / October 11, 2024
As we move into the fall of 2024, the real estate market shows signs of balance. For buyers, this creates a unique opportunity. Mortgage rates have fluctuated over the past year, but the market is beginning to find its footing. Normalized home prices reduces the intensity of competitive offers and more room for negotiation.
Key factors to consider:
Inventory Levels
More homes are coming onto the market as sellers prepare for the end of the year. This increase in supply can give buyers more options to find their perfect home.
Affordability
With home price growth slowing, it may be easier to find a home within your budget. Consider locking in your mortgage rate early, as the Federal Reserve has indicated that further rate hikes may be unlikely for the rest of the year.
Seasonal Deals
Fall is typically a slower season for real estate, which can benefit buyers. Sellers may be more willing to negotiate to close before the holidays.
Whether you’re a first-time homebuyer or looking to upgrade, this fall’s real estate market offers stability and opportunity.
Saturday, October 19, 2024
Top Value BOO-sting Home Renovations
Realtor.com's economic research team recently did a study on the impact of renovation-related key words on U.S. listing prices (while controlling for other factors) and here's what they found! One thing all these renovations have in common is the fact that they pack a visual punch, catching the eyes of potential buyers when searching for, or looking at, a home. Compared to more invisible (yet also necessary) adjustments like plumbing overhauls or HVAC replacement, these renovations are more noticeable and appreciated when it comes to selling.
Tuesday, October 15, 2024
Strategies For Selling Your Home This Fall And Winter
Strategies For Selling Your Home This Fall And Winter
/ Home Selling / By BHHSGA / October 11, 2024
If you are considering selling your home this fall or winter, you are in a favorable position. With the average days on market hovering just under 40 days, motivated buyers are actively seeking properties.
Here are key strategies to prepare your home for a successful sale during the cooler months:
Establish a Competitive Price
Homes are typically selling within just over a month, making it imperative to price your property strategically from the outset. A well-researched pricing strategy can significantly enhance your chances of a quicker sale.
Enhance Winter Curb Appeal
As temperatures drop, maintaining the exterior of your home becomes essential. Ensure walkways are clear of debris, enhance outdoor lighting for visibility, and consider adding seasonal touches, such as tasteful fall planters or welcoming wreaths, to create an inviting atmosphere.
Showcase Your Home’s Comfort
Potential buyers often seek cozy, energy-efficient homes during the colder months. Highlight features that enhance comfort, such as fireplaces, modern insulation, and efficient heating systems, to appeal to their desires for warmth and energy savings.
Maintain Flexibility
The fall and winter months typically attract serious buyers, but they may result in fewer overall showings. Being flexible with your showing schedule and pricing can create opportunities to close a deal before the year’s end.
By employing these strategies, you can position your home for success in the current market. With the right approach, you can attract motivated buyers and achieve your selling goals this season.
Thursday, September 26, 2024
Kitchen Features That Will Sell Your Home Faster!
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Whether it's a wine fridge, butcher block, or a farmhouse sink, it's no secret that certain kitchen amenities can add significant value to a home. We spend a lot of time in our kitchens, so adding any upgrades you can (whether functional or aesthetic) can elevate the perceived value in the minds of potential buyers.
Wednesday, September 25, 2024
Lake Lanier Waterfront Homes For Sale With Docks - Your Neighborhood Report!
Lake Lanier Waterfront Homes For Sale With Docks - Your Neighborhood Report! Click here to find out what the most recent Lake Lanier Waterfront Homes With Docks are selling for, median sales prices, average days on the market, area information, and more!
Monday, September 23, 2024
August Housing Indicators For Georgia - Courtesy Of Georgia Association of REALTORS®
August Housing Indicators For Georgia - Courtesy Of Georgia Association of REALTORS®
The Monthly Housing Indicators for Georgia are in for August. New Listings showed a moderate increase. Meanwhile, Pending and Closed Sales dipped slightly year-over-year. Median and Average Sales Prices stayed flat, while YoY inventory levels saw significant gains.
New Listings increased 15 percent to 18,020
Pending Sales decreased four percent to 10,069
Closed Sales decreased seven percent to 10,634
Days on Market increased 24 percent to 42 days
The Median Sales Price stayed flat at $360,000
The Average Sales Price increased two percent to $437,790
Inventory levels increased 48 percent to 38,605 units
Months Supply of Inventory was up to 3.9 months
Tuesday, August 27, 2024
Lake Lanier Waterfront Homes For Sale With Docks - Your Neighborhood Report!
Lake Lanier Waterfront Homes For Sale With Docks - Your Neighborhood Report! Click here to find out what the most recent Lake Lanier Waterfront Homes With Docks are selling for, median sales prices, average days on the market, area information, and more!
Friday, August 23, 2024
Interest Rates and Affordability Shape Georgia's Housing Market
The Georgia real estate market continues to evolve, with inventory, interest rates, and affordability playing a pivotal role in shaping the landscape for both buyers and sellers. As we dive into the heart of summer 2024, let's examine the latest trends.
Inventory: Still a Seller's Market, but with a Twist
While Georgia's real estate market remains predominantly seller-driven, there are signs of a subtle shift. Inventory levels have shown a modest increase compared to earlier in the year. This uptick, though gradual, offers a glimmer of hope for buyers facing fierce competition. However, it's important to note that inventory is still relatively tight in many areas, particularly in high-demand neighborhoods.
Interest Rates: Offer a Breath of Fresh Air
Interest rates have exhibited a rollercoaster-like behavior in recent months. Georgia homebuyers are catching a break as mortgage rates plunge to their lowest point in over a year. This significant decline is a welcome relief for those who have been sidelined by rising costs. The decrease in interest rates is expected to boost affordability and potentially reignite buyer interest in the housing market. While rates are still higher than historical lows, this downward trend is a positive sign for potential homebuyers.
Affordability: A Critical Factor in Homeownership
Affordability remains a primary concern for many potential homebuyers. The combination of rising home prices and interest rates has squeezed budgets. Nevertheless, factors such as income growth and job creation can influence affordability. There are variations across different regions of Georgia, with some areas offering more attainable options than others. This means buyers may need to adjust their expectations or explore less competitive markets to find affordable options. For first-time homebuyers, government assistance programs and creative financing options are valuable resources. Consulting with your Forever Agent helps to navigate the complexities of the market and identify potential opportunities.
What Does This Mean for You?
Whether you're a buyer or seller, understanding the current market dynamics is crucial. For buyers, patience and perseverance may be key as you navigate the competitive landscape. Consider expanding your search area or exploring different property types to increase your chances of finding the right home. For sellers, while the market may not be as frenzied as it once was, there's still strong demand in many areas. Pricing your home competitively and presenting it well can help attract qualified buyers. It's essential to consult with your Forever Agent to get the most accurate and up-to-date information about your specific market. Stay informed, be prepared, and make informed decisions as you navigate Georgia's evolving real estate landscape.
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