Thursday, October 31, 2019

Berkshire Hathaway HomeServices Georgia Properties Real Estate Advisor – October 2019



Berkshire Hathaway HomeServices
Georgia Properties
Real Estate Advisor – October 2019

We are providing this monthly real estate advisor to keep you informed about the latest trends and issues in the real estate market. Remember that real estate is local, and every market is different. Contact us to find out the specific details for your local area.

If you know someone else who might be interested in receiving this report or who may benefit from our expertise, please let us know. Better information leads to better real estate decisions!

Below is the summary for Greater Metro Atlanta through September 2019.

  • The entry-level market has strong demand and very low inventory. There are many multiple offers and values rose faster than other segments. Over 80% of all closed transactions are in the $100K-$500K price range.
  • The mid-market ($500,000 to $1 mil) has slowed since the spring and summer market. Months of supply indicate normal market conditions with properties averaging 6 months to sell.
  • The luxury market ($1 mil ) continues to be a buyer’s market with properties averaging 18 months to sell.
  • The month of September results shows a drop of 16.7% compared to August closings and a 1.6% increase in closings relative to last September.
  • Pending contracts were down 8.7% from last month and up 15.7% compared to September 2018.
  • Current Inventory is up 1.5% from last month and up 7.2 % over last year.
  • Mortgage rates are forecasted to stay low through the fourth quarter which is great news for everyone. Metro Atlanta continues to be very affordable relative to other metropolitan areas around the country.
  • Click here for a detailed report on the U.S. Market, Metro Atlanta Market, Brokerage Rankings and future trends.
  • Visit Prosperity Home Mortgage to meet one of our Mortgage Consultants. Ask about the Prosperity Buyer Advantage and our 7-Day Close program.



Renovate First. Sell for More. Pay at Closing.

Berkshire Hathaway HomeServices Georgia Properties is pleased to introduce our new partnership with Curbio for pre-sale home renovations. The Curbio program allows you to renovate your property to optimize the appeal for buyers with no upfront costs. Buyers want properties that are updated, upgraded and move-in ready. With Curbio, you can sell faster and achieve the highest value. Contact us for additional information.



Our next MEGA Open House Events are Sunday, October 20, 2019, and November 17, 2019, from 2pm – 5pm. There will be hundreds of beautiful open houses available and one lucky sweepstakes winner will win a cool Amazon Alexa Package. MEGA Open House Events are a very effective component of our Advanced Property Marketing for our seller clients. We run extensive open house ads on Zillow plus Facebook, Instagram, Google and WAZE to generate interest from potential buyers. If you know anyone interested in listing their home, contact us so we can get them scheduled for a MEGA Open House Event!

We would be honored to assist you or someone you know with their real estate needs. We are experts in the local market and have access to proprietary information sources that are not available to the public. Better information leads to better decisions!

Lake Sidney Lanier Homes is the most comprehensive online source for information on Lake Lanier homes for sale and Lake Lanier area real estate. View the latest Lake Lanier home listings, foreclosures, lots, land, sales trends and real estate topics on Lake Lanier. Arthur Prescott is an Accredited Buyer's Representative and Certified Residential Specialist with Berkshire Hathaway HomeServices Georgia Properties. He has over seventeen years of Lake Lanier real estate experience. If you would like to schedule a free buyer or seller consultation, please feel free to contact us directly at www.LakeSidneyLanierHomes.com or 770-844-8484 or email us at Arthur.Prescott@BHHSGeorgia.com.

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