Lake Sidney Lanier Homes Blog: Atlanta real estate

Showing posts with label Atlanta real estate. Show all posts

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.

Sunday, November 11, 2018

Growing an Inspired Company: Berkshire Hathaway HomeServices Georgia Properties

Growing an Inspired Company: Berkshire Hathaway HomeServices Georgia Properties

Having battled through the new-homes collapse during the recession, Atlanta-based Berkshire Hathaway HomeServices Georgia Properties now stands as the area’s premier provider of residential real estate services. Thanks to a series of strategic moves—including tapping into the power of a world-renowned brand—CEO Dan Forsman has led the firm and its agents to a position of strength, and readied it for future growth.

Click Here To Read The Full Story

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 a decade 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.

Friday, June 22, 2018

Berkshire Hathaway HomeServices Georgia Properties Real Estate Advisor – June 2018

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 May 2018.

The entry-level market has strong demand and very low inventory. There are many multiple offers and values rose faster than other segments. The luxury market is a buyer’s market with buyers negotiating better pricing and terms.
Mortgage rates are rising slowly which will impact affordability. Metro Atlanta continues to be very affordable relative to other metro areas around the country.
May pending contracts were up .6% from April and up 8.6% from the prior year. May closings were up 11.7% from April and down 1.3% from the prior year.
Year-to-date pended sales units were up 6.5% versus the prior year. Year-to-date closings were up 2.8% versus the prior year.
The Average Sales Price for May was $322,000 – up 3.2% from April and up 6.6% from last year. 2018 is on track to be the highest annual ASP on record.
Inventory for May was up 5.3% from April and down 8.8% from last year.
Overall Months of Supply for May was 2.4 months. Six months is considered normal. Luxury properties took longer with homes above $1 million averaging 10 months and properties over $2 million averaging 16 months to close. The luxury market remains a buyer’s market in many areas.
The Average List-to-Sale Price Ratio was 97% for all price points. Many properties in high-demand areas are selling above list.
The latest Case-Shiller Index for Atlanta (5/29/18) was up .8% compared to the previous month. Metro Atlanta home values are up 73% from the bottom of March 2012. Increased home values are building equity and getting sellers back into the market.
Visit Prosperity Home Mortgage to meet one of our Mortgage Consultants. Ask about the Prosperity Buyer Advantage and our 7-Day Close program.

Our next MEGA Open House Event is Sunday, June 24th from 2pm – 5pm. There will be hundreds of beautiful open houses available and one lucky sweepstakes winner will get a cool Amazon Alexa Package which includes an Alexa Show, Alexa Spot plus a 4-pack of smart outlets to allow your Alexa network to control other devices.

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, and WAZE to generate interest from potential buyers. We also leverage our digital billboard network and print mediums. In the local community, we market to the neighbors and often host a preview event. The combination of these aggressive marketing campaigns and local neighborhood exposure generates the most 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!

Father's Day originated in 1910 in Spokane Washington. Sonora Smart Dodd was the daughter of a Civil War Veteran who raised his six children as a single parent. To honor her father, she organized the first celebration at the Spokane YMCA. There were several attempts to create a national holiday by President Woodrow Wilson, President Calvin Coolidge and others. In 1966, President Lyndon B. Johnson issued the first presidential proclamation honoring fathers and declaring the third Sunday of June as Father's Day. Six years later, the national holiday was made permanent and President Richard Nixon signed it into law. Happy Father's Day to all the Dads! Sunday, June 17th is your official day. Take time to enjoy it!

Berkshire Hathaway HomeServices Georgia Properties is pleased to announce our new Atlanta Real Estate skill for Alexa and Google Home. Just enable the “Atlanta Real Estate” skill to search properties, check home values and get the latest real estate market update. This is the most advanced real estate skill available and we are just getting started. Voice-powered devices are changing the way that consumers access information, enjoy entertainment and perform tasks at home, in the car and on many devices. The artificial intelligence behind these amazing platforms will make them smarter and smarter. Enable your Atlanta Real Estate skill today and check it out! You never know – Alexa may help you find the home of your dreams!

Contact us to learn more about the many ways that we market our listings to the largest possible audience of buyers. This increases the chances of finding the right buyer and negotiating the best terms that achieve success for our clients.

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!

Thursday, May 17, 2018

Berkshire Hathaway HomeServices Georgia Properties Is Pleased To Announce Our New Atlanta Real Estate Skill For Alexa And Google Home!

Berkshire Hathaway HomeServices Georgia Properties is pleased to announce our new Atlanta Real Estate skill for Alexa and Google Home. Just enable the “Atlanta Real Estate” skill to search properties and check home values. This is the most advanced real estate skill available and we are just getting started. Voice-powered devices are changing the way that consumers access information, enjoy entertainment and perform tasks at home, in the car, and on many devices. The artificial intelligence behind these amazing platforms will make them smarter and smarter. Enable your Atlanta Real Estate skill today and check it out! You never know – Alexa may help you find the home of your dreams!

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 a decade 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.

Monday, December 18, 2017

Berkshire Hathaway HomeServices Georgia Properties Real Estate Advisor For December 2017

Below is the summary for Metro Atlanta through November 2017.

Metro Atlanta real estate is the tale of three different markets. The entry-level market has strong demand and very low inventory. There are many multiple offers and values are rising faster than other segments. The middle market is showing normal signs of supply and demand. The luxury market remains a buyer’s market with buyers negotiating better pricing and terms.
November pendings were down 9.3% from last month and up 16.8% from the prior year. November closings were down 11.8% from September and up 3.4% from the prior year.
Year-to-date pended sales units through November were up 5% versus last year. Year-to-date closed units were up 3.8%. Year-to-date closed sales volume was up 9.3%.
The average sales price for November was $289,000 – flat from last month and up 4.7% from last year. 2017 is on track to be the highest average sales price on record.
Listed inventory for November was down 6.2% from last month and down 9.8% from last year.
Overall months of supply for November was 3.5 months. Six months is considered normal. Luxury properties are taking longer with homes above $1 million averaging 15 months and properties over $2 million averaging 27.5 months to close. These numbers indicate a seller’s market under $500,000 and a buyer’s market over $1 million.
The latest Case-Shiller Index for Atlanta (11/28/17) was up .16% (statistically flat) compared to the previous month. Metro Atlanta home values are up 69% from the bottom of March 2012. Increased home values are building equity and getting sellers back into the market.
Visit HomeServices Lending for the latest mortgage rates. Ask about our Second Opinion program with $100 gift card for a free look. Over 84% of clients who tried the Second Opinion Program closed their loan with HomeServices Lending - because they found a better deal!

Click here for a more detailed set of charts including the National Real Estate Market, Metro Atlanta Real Estate Market and Trends for Georgia Real Estate.

The chart below shows a summary of Metro Atlanta Home Values according to the Case-Shiller Index for Atlanta. This is an interesting perspective for general home values across Metro Atlanta. As you can see, home values have essentially recovered from the real estate recession. Local areas and prices point will be different. Yes, real estate is truly local.

Our website provides Instant Home Values Estimates for any properties in the country. You can also model changes to see the impact on the estimated value. Check out your latest estimate!

We can provide you the most accurate value estimate since we have access to proprietary information sources and local details. Contact us for more information.

See the power outage checklist and car checklist to help you get prepared. Experts are predicting a colder than normal winter for our area this year. We want you to be ready and safe!

We wish you a Merry Christmas, Happy Hanukkah and Happy Holiday. Enjoy time with your family and friends and be safe during the holiday season. This is a special time of year and we thank all our clients for their trust. 2017 has been a very good year for our clients and the outlook for 2018 is very positive.

Tuesday, August 15, 2017

Atlanta Real Estate Market Trends! Berkshire Hathaway HomeServices Georgia Properties Real Estate Advisor For August 2017

Berkshire Hathaway HomeServices
Georgia Properties
Real Estate Advisor – August 2017

The weather has been mixed this summer and the Metro Atlanta real estate market has also seen mixed results. Below is the summary for Metro Atlanta through July 2017.

Year-to-date pended sales through July were up 4% versus last year. Year-to-date closings were also up 4%. Pending for July were up 11.7% from last July. But closings for July were down 5.2% from last July and down 17.3% from past month.
The average sales price for July was $304,000 – down .6% from last month and up 5.6% from last year. 2017 is on track to be the highest average sales price on record.
The listed inventory for July was up 2.2% from last month and down 4.5% from last July. But the limited availability of desirable properties is still driving multiple offers and very quick sales in select areas.
Overall months of supply for July was 3.3 months. Six months is considered normal. Luxury properties are taking longer with homes above $1 million averaging 12.5 months and properties over $2 million averaging 20 months to close. These numbers indicate a seller’s market under $500,000 and a buyer’s market over $1 million.
The latest Case-Shiller Index for Atlanta (7/25/17) was up 1% compared to the previous month. Metro Atlanta home values are up 67% from the bottom of March 2012. Increased homes values are building equity and getting sellers back into the market.
Visit HomeServices Lending at Georgia.HomeServicesLending.com for the latest mortgage rates. Ask about our Close On Time Guarantee and Free Second Opinion programs. Over 80% of clients who tried the Second Opinion Program found a better solution and ended up closing their loan with HomeServices Lending.

Click here for a more detailed set of charts including the National Real Estate Market, Metro Atlanta Real Estate Market and Trends for Georgia Real Estate.

Our MEGA Open House Event is Sunday, August 20th from 2pm – 5pm. There will be hundreds of beautiful open houses open across Metro Atlanta. We are having great success in attracting buyers for our MEGA Open Houses! Our MEGA Open House Events are very different from the standard open houses from other companies. We invest in significant advertising on Zillow, Facebook, digital billboards and local promotions to attract more visitors. We are also the leader in listed properties so we have a lot of inventory to see! If you know anyone interested in listing their home, we would be honored to help.

The Greater Metro Atlanta area is home to thousands of elementary, middle and high schools. Safe Kids USA offers the following Top Back to School Safety Tips:

Reminders for Drivers:

Slow down and be especially alert in residential neighborhoods and school zones.
Watch for children on and near the road in the morning and after school hours.
Reduce any distractions inside your car so you can concentrate on the road and your surroundings. Put down your phone and don’t talk or text while driving.

Reminders for Kids:

Kids should cross the street with an adult until they are at least 10 years old.
Never run out into the streets or cross in between parked cars.
Make sure kids always walk in front of the bus where the driver can see them.

Labor Day is Monday September 4, 2017. Together, we will celebrate the contributions of workers across America. Labor Day has also become the symbolic end of the summer season - although summer officially ends on September 21. In high society, Labor Day is the last day of the year when it is fashionable to wear white or seersucker.

There is some debate over who first proposed the celebration of Labor Day back in 1882. Some believe it was a gentleman named Matthew Maguire who was serving as the secretary of the Central Labor Union of New York. Others believe it was Peter McGuire of the American Federation of Labor who had seen a similar celebration in Canada. Regardless of which Maguire/ McGuire, we are all happy this popular federal holiday now exists.

Labor Day is also the unofficial start of football season! High school, college and NFL teams will be underway. May your favorite teams play well.

Wednesday, February 15, 2017

Berkshire Hathaway HomeServices Georgia Properties Atlanta Real Estate Advisor – February 2017

Berkshire Hathaway HomeServices
Georgia Properties
Real Estate Advisor – February 2017

The Metro Atlanta real estate market is off to a mixed start in 2017. Pendings show strong momentum. Closings are slightly up. Inventory has dropped making it harder to find the right property for some buyers. Here is the summary for Metro Atlanta through January 2017.

Pended sales for January 2017 were up 30% from last month and up 14.2% from last January. Closings were down 33.9% from last month and up 2.2% from last January.
The average sales price for January was $266,000 - down 5% from last month and up 4.3% from last year. The annual ASP for 2016 beat the record posted back in 2006.
The listed inventory for January was down 6.4% from last month and down 5.4% from last January. But the limited availability of desirable properties is still driving multiple offers and very quick sales in select areas.
Overall months of supply for January was 4.7 months. Six months is considered normal. Luxury properties are taking longer with homes above $1 million averaging 19.6 months and properties over $2 million averaging 82 months to close.
The latest Case-Shiller Index for Atlanta (1/30/17) was essentially flat (+.03%) compared to the previous month. Metro Atlanta home values are up 61% from the recent bottom of March 2012 and up 8.06% from the average index last year. Increased homes values are building positive equity and getting some sellers back into the market.
Visit HomeServices Lending at Georgia.HomeServicesLending.com for the latest mortgage rates. Ask about our Close On Time Guarantee and Free Second Opinion programs. Over 77% of clients who tried the Second Opinion Program found a better solution and ended up closing their loan with HomeServices Lending.

Click here for a more detailed set of charts including the National Real Estate Market, Metro Atlanta Real Estate Market and Trends for Georgia Real Estate.

Our first MEGA Open House Event for 2017 is this Sunday, February 19th from2pm – 5pm. There will be hundreds of beautiful open houses open across Metro Atlanta. This might be the right time to make your move!
If you know someone who is considering listing their home, please let them know about these events. We are having great success in attracting buyers for our MEGA Open Houses! The MEGA Open House Events are very different from the standard open houses from other companies. We leverage major advertising campaigns to drive more awareness for these events. Some examples include:

New iPad Air2 Sweepstakes - One lucky person will win a brand new iPad Air2 in our sweepstakes promotion.
Digital Billboards - We are using our extensive digital billboard network to promote the event to over 2.5 million drivers the week leading up to the event.
Paid Facebook Ads – We leverage paid Facebook campaigns to promote each open house. Our MEGA Open House ads were viewed by over 300,000 consumers who clicked over 28,000 times to see more property details.
Zillow Advertising Campaign - Zillow is the leading real estate website with over 65% of the online searches in our market. Our MEGA Open House locations will be identified on Zillow to reach the largest online real estate audience. In addition, we are launching a significant new advertising campaign for Zillow buyer searches to promote our MEGA Open House event.
Print Advertising – We will place ads in select newspapers including the Atlanta Journal Constitution business section.
Local Promotion – Our teams will be putting up directionals, balloons and other materials to attract local prospects. Of course, we will respect local ordinances.
Neighbor Previews – Our teams will also be organizing previews for neighbors who may be interested or know someone that may be a candidate as their new neighbor.
Neighborhood Campaigns – Our teams will be leveraging e-campaigns, postcards and other mediums to reach the local community before and after the event.

As you can see, these are NOT traditional open houses where the agent places a few directionals and hopes for a buyer. These are MEGA Open House Events!

If you know anyone interested in listing their home, we would be honored to help. Our next MEGA Open House Event will be Sunday, March 19th.

Comscore reports that the Zillow group websites command a 65% market share for online real estate searches in Metro Atlanta. Our company has a strategic partnership with the Zillow Group and recently announced an exclusive new Zillow Video Program that has dramatically increased views and leads for our listings. Zillow ranks listings with Zillow Videos first in their search results which provides 2X the listing views. Buyers also save listings as favorites at twice the rate of other listings. Contact us to learn more about this exclusive Zillow Video program.

We also have a strategic partnership with Realtor.com - the second leading real estate website. We recently launched new Advantage Pro Listings which provide a range of advantages for our clients including larger photos and special branding for each listing. We have the option to add up to 100 photos plus other listings enhancements to make the property stand out for buyers. All leads for our listings go to us - the listing agents. Agents or brokerages who do not pay for Advantage Pro Listings do not receive the leads for their listings. These leads are sold to other agents who purchase them. That means those buyers will be directed to the receiving agent’s listings and not yours! Zillow and Realtor.com generate 80% of the online real estate searches for Metro Atlanta. NAR reports that 95% of buyers search online. The online marketing for your listing is critical to your success in exposing the property and finding the right buyer.

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 a decade 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 678-513-2014 or email us at Arthur.Prescott@BHHSGeorgia.com.

Monday, December 26, 2016

Berkshire Hathaway HomeServices Georgia Properties Real Estate Advisor - December 2016

Berkshire Hathaway HomeServices Georgia Properties
Real Estate Advisor – December 2016

We wish you a Merry Christmas, Happy Hanukkah and Happy Holiday. Enjoy time with your family and friends and be safe during the holiday season. This is a special time of year and we thank all our clients for their trust. 2016 has been a very good year for our clients and the outlook for 2017 is very positive.

Zillow reports that Christmas Day, New Year’s Day and the first few weeks of January are some of the busiest online shopping days for real estate. For our seller clients, we have special programs underway so you can take advantage of these opportunities! First, we are running extensive ads on Zillow searches to attract more buyers. No other brokerage provides this level of exposure on the largest real estate website with over 65% online market share.

Our company is strategically partnering with the Zillow Group to introduce a new Zillow Video Program that will dramatically increase views for our listings. Zillow ranks listings with Zillow Videos first in their search results which provides 2X the listing views versus other listings. Buyers also save Zillow Video listings as favorites at twice the rate of other listings.

The new program will include Zillow WalkThrough videos plus options for Professional Videos on luxury listings. We are organizing strategic vendor partners to help supercharge our Zillow Video inventory. The program includes training, certifications and more to ensure the highest levels of quality. We have a dedicated Zillow Team working with us to help the program move faster. Our goal is to have Zillow Videos on the majority of our residential listings by the end of February 2017. As we move into the early spring market, our seller clients will benefit from the increased exposure to more buyers.

As the recipient of the first ever Zillow Group Broker of Excellence Award, we will continue to partner with Zillow to introduce innovative programs that benefit our clients.

The Metro Atlanta real estate market remains active during the holiday season. Here is the summary for Metro Atlanta real estate through November 2016.

Closings for November 2016 were down 9% from last month and up 21.9% from last November. Year-to-date 2016 closings were up 10.6% compared to YTD 2015.
The average sales price for October was $279,000 which is up 3.7% from last month and up 5.2% from last year. The Average Sales Price is on track to beat the record levels posted back in 2006.
The listed inventory for November was down 5.4% from last month and down 3.3% from last year. But the limited availability of desirable properties is still driving multiple offers and very quick sales in select areas.
Overall months of supply for November was 4 months. Six months is considered normal. Luxury properties are taking longer with homes above $1 million averaging 14 months and properties over $2 million averaging 33 months to close.
The latest Case-Shiller Index (11/29/16) was up .16% from the previous month. Metro Atlanta home values are up 61% from the recent bottom of March 2012 and up 7.6% from the average index last year. Increased home values are building positive equity and getting more sellers back into the market.
Visit HomeServices Lending at Georgia.HomeServicesLending.com for the latest mortgage rates. The recent Fed hike has driven mortgage rates higher and many buyers are taking action before rates rise further. Our Close On Time Guarantee and Free Second Opinion programs have been very beneficial to our clients!

Click here for a more detailed set of charts including the National Real Estate Market, Metro Atlanta Real Estate Market and Trends impacting Atlanta Real Estate.

The chart below shows a summary of Metro Atlanta Home Values according to the Case-Shiller Index for Atlanta. This is an interesting perspective for general home values across Metro Atlanta. As you can see, home values have essentially recovered from the real estate recession. Local areas and price points will be different. Homes between $200,000 and $500,000 have been in high demand and may show higher gains while the luxury market may show smaller gains. Yes, real estate is truly local.

Our website provides Instant Home Values Estimates for any property in the country. You can also model changes to see the impact on the estimated value. Check out your latest estimate!

We can provide you the most accurate value estimate since we have access to proprietary information sources and local details. Contact us for more information.

Year Property Bought	Average Gain/ Loss	Year Property Bought	Average Gain/ Loss
2000	28.82%	2008	8.43%
2001	21.99%	2009	22.67%
2002	17.46%	2010	25.73%
2003	13.76%	2011	35.20%
2004	9.89%	2012	46.59%
2005	4.62%	2013	23.89%
2006	-0.16%	2014	13.35%
2007	-.80%	2015	7.61%

Merry Christmas, Happy Hanukkah and Happy Holidays!

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 a decade 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 678-513-2014 or email us at Arthur.Prescott@BHHSGeorgia.com.

Thursday, November 24, 2016

Berkshire Hathaway HomeServices Georgia Properties Metro Atlanta Real Estate Update – November 2016

The Metro Atlanta real estate market remain active going into the holiday season. Here is the summary for Metro Atlanta real estate through October 2016. Click here for more detailed slides.

Closings for October 2016 were down 14.4% from last month and up 2% from last October. Year-to-date 2016 closings were up 9.2% compared to YTD 2015.
The average sales price for October was $270,000 - down 1% from last month and up 5.4% from last year. The ASP is on track to beat the record levels posted back in 2006.
The listed inventory for October was up 1.9% from last month and down 3.4% from last year. But the limited availability of desirable properties is still driving multiple offers and very quick sales in select areas.
Overall months of supply for October was 4.1 months. Six months is considered normal. Luxury properties are taking longer with homes above $1 million averaging 17 months and properties over $2 million jumping to an average of 55 months to close.
The latest Case-Shiller Index (10/25/16) was up .23% from the previous month. Metro Atlanta home values are up 60% from the recent bottom of March 2012 and up 6% from the average index last year. Increased homes values are building positive equity and getting some sellers back into the market.
Visit HomeServices Lending at Georgia.HomeServicesLending.com for the latest mortgage rates. Recent events have driven mortgage rates back down to historically low levels. This creates a great opportunity to buy before rates move back up! Ask about our new On Time Closing Guarantee program!
New Homes are moving fast – but many builders cannot build them fast enough for the demand. Visit www.newhomesdivisionga.com to view new home communities.
Commercial real estate is also making a comeback in Metro Atlanta. Our Commercial Real Estate Division specializes in these areas and would be happy to help you.

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 a decade 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 678-513-2014 or email us at Arthur.Prescott@BHHSGeorgia.com.

Monday, September 15, 2014

Berkshire Hathaway HomeServices Georgia Properties Metro Atlanta Real Estate Advisor - September 2014

Berkshire Hathaway HomeServices
Georgia Properties
Real Estate Advisor - September 2014

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 exactly what is happening in 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 helps our clients make better real estate decisions!

Closings for Metro Atlanta in August were down 16.1% compared to last month and down 8.6% compared to the previous year.

The Metro Atlanta market is currently running 1% behind 2013 in closed transactions.

The average sales price was $260,000 in August versus $271,000 in July. The average closed sale price for the year was $250,000 which was up 42% from the bottom of 2011.

Listed inventory was up .5% from last month and up 21.3% compared to last year. Inventory is up 52% from the recent bottom of February 2013. But the limited availability of highly desirable properties in select markets is still driving multiple offers and very quick sales. Other areas have more normal conditions. Remember, real estate is local and markets are different.

The overall “months of supply” is 4.7 months versus 4 last month. Six months is considered normal.

The largest buying segment for Metro Atlanta is Baby Boomers/ Gen X. Thousands of these homeowners are moving to smarter living environments with less maintenance. Others are moving toward homes that accommodate their health and lifestyles as they move into their senior years. First Time Buyers have slowed due to increasing prices, student loan debt and challenges with employment.

New Homes are making a comeback. SmartNumbers reports that new homes are up 16%. The problem is that many builders cannot build them fast enough! Labor shortages are one of the most significant inhibitors.

At the peak of 2006, we were building over 60,000 new homes per year. Today, we are on pace to build around 18,000 new homes in 2014 and we expect to get to the 20,000 unit run rate by 2015.

New home prices are rising with strong demand and limited inventory. Presales are once again becoming the majority of sales. In this environment, you want to make sure you are protected with strong representation to help set up the right expectations and agreements with the builder. Contact us to learn more about best practices for buying new homes. Click here to view new home communities.

Metro Atlanta Ranked #3 Most Popular Destination

Atlanta was the No. 3 most popular destination for U.S. families moving to a new city in summer 2014, according to a new survey by United Van Lines. The city was particularly popular for people moving for new jobs, or due to corporate transfers. The survey also shows Atlanta was the No. 3 city families are moving from. The Summer Long-Distance Moving Trends Study says the most popular metro areas for U.S. families were:

Top Metro Areas To Move To:

1. Chicago

2. Washington D.C.

3. Atlanta

4. Boston

5. Los Angeles

6. Dallas

7. Phoenix

8. New York

9. Minneapolis

10. San Diego

Top Metro Areas To Move From:

1. Washington, D.C.

2. Dallas

3. Atlanta

4. Houston

5. Phoenix

6. Chicago

7. Seattle

8. Los Angeles

9. Denver

10. San Jose, California

If you or someone you know are considering moving, contact us to learn about our Advanced Property Marketing System – the most effective approach to selling your home for the highest value.

Georgia Rated The Best Place For Business

Georgia is the best place in the country for doing business, according to Area Development Magazine’s fifth annual survey of site consultants. Georgia unseats Texas to take the title.

1.GEORGIA
2.TEXAS
3.SOUTH CAROLINA
4.ALABAMA
5.TENNESSEE
6.LOUISIANA
7.INDIANA
8.NORTH CAROLINA
9.OHIO
10.MISSISSIPPI

It’s difficult to beat Texas on any list of economic development power states these days, but Georgia did exactly that in the Area Development survey of site consultants, nudging Texas down into the No. 2 spot after it finished No. 1 a year ago. Georgia’s accomplishment was especially impressive because of the breadth of its strong performances over most of the 18 categories voted on by the consultants, including top-three finishes in 12 of them.

The Area Development honor follows other recent recognition of Georgia’s rise in the ranks, which included its choice by a CNBC study as the No. 1 place for business in America. Such rankings “are a testament to the commitment from Georgia businesses, communities, economic development partners, and the people of Georgia,” Gov. Nathan Deal said in a statement, indicating his confidence that “more businesses will consider expanding or relocating here.”

Contact us to learn how our award-winning Corporate Relocation team and our Exclusive Referral Networks are positioned to attract more corporate buyers for our listings.

Berkshire Hathaway HomeServices Honored – Again!

Berkshire Hathaway HomeServices Georgia Properties was recognized as one of the 2014 Atlanta's Best Places To Work at an exclusive event hosted by the Atlanta Business Chronicle. The company was the only large real estate brokerage to receive this prestigious honor.

BHHS Georgia Properties received a Consumer’s Choice Award for residential real estate based on feedback from local consumers.

BHHS Georgia Properties has been consistently ranked the No. 1 real estate company by Trendgraphix, RealValuator and SmartNumbers for 5 years in a row.

President & CEO, Dan Forsman was named the 2014 Most Admired CEO in Residential Real Estate by the Atlanta Business Chronicle.

Berkshire Hathaway HomeServices was named “2014 Real Estate Agency Brand of the Year” in the 26th annual Harris Poll EquiTrend® study of consumers across the nation.

Our New Homes Services team was the winner of over a dozen OBIE Awards for new homes marketing & sales.

Our Marketing Team was recognized with a National Print Industry Award for our beautiful property marketing materials.

Our award-winning Corporate Relocation team continues to receive numerous honors as the leading organization handling relocating corporate employees moving to and from Metro Atlanta.

We are honored to receive such recognition and work hard every day to deliver exceptional service and value to our clients.

If You Know Someone Who Can Benefit From This Information Or Our Real Estate Expertise, We Would Love To Help Them.

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 a decade 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 678-513-2014 or email us at Arthur.Prescott@BHHSGeorgia.com.

Thursday, August 28, 2014

Dan Forsman, President & CEO Of Berkshire Hathaway HomeServices Georgia Properties To Speak Saturday On Atlanta Community Profiles Radio Show!

Click picture to view full size image

Tune in On Saturday
And Listen To The Radio

Dan Forsman, President & CEO of Berkshire Hathaway HomeServices Georgia Properties is the special guest this Saturday on the Atlanta Community Profiles radio show hosted by Lou Wieland. The show will air on Saturday at 8am on 1400AM/ FaithTalk970AM and on Talk920AM at 2pm. The program streams online at FaithTalk970AM.comand Talk920am.com and is also available on AtlantaCommunityProfiles.com.
Talk920 has a large audience of very influential and affluent listeners. Each week, Lou Wieland interviews Mayors and Community Leaders across Metro Atlanta. Lou has been producing the popular area relocation guides and community maps for over 20 years. He is also a BHHS Georgia Properties agent from our North Fulton office.

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 a decade 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 678-513-2014 or email us at Arthur.Prescott@BHHSGeorgia.com.

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