Our Prudential Georgia Realty Greater Metro Atlanta Real Estate Update! Plus A Look At Luxury Homes & Estates Digital Magazine!

English: Metro Atlanta from Open Street Map (Photo credit: Wikipedia)

Our Prudential Georgia Realty Greater Metro Atlanta Real Estate Update is now complete with all of the details in this article below!  In addition, we have information on our Luxury Homes & Estates Digital Magazine!


Greater Metro Atlanta Real Estate Update

Real estate is heavily impacted by the laws of supply & demand plus a few other factors like mortgage rates and the economy. The “for sale” inventory across most markets remains very low. Desirable properties priced at market values are selling very quickly – often with multiple offers.

For the Greater Metro Atlanta area, inventory levels are down 36.4% from 2012 and 56.4% from 2011.

The available “months of supply” is 3.7 months based upon closed sales and 2.9 months based on pending sales. Six months of supply is considered a normal market.

The fallout rates of pending versus closings are higher than normal. Closed units are down for the past four months compared to the same month last year.

The pace of short sales and foreclosures coming on the market has slowed considerably. In 2010, over 60% of sales were distressed properties but that is now down to 37%. Resales are the larger mix of sales.

New Homes are making a slow but sure comeback. There are some wonderful new home communities coming online with the latest innovations in smart building that may be great options for buyers. Click here to view new home communities.

The Case-Shiller Index reports that Metro Atlanta home values have increased 13.41% in the last 12 months. But values remain down 29% from the peak of July 2007. Click here for the latest Case-Shiller report.

Home values will continue to rise in 2013 – especially in the lower price points driven by the very low levels of inventory and strong buyer demand.

Appraisals can be a problem. In areas, where prices are rising the appraiser may not be considering the latest comps or may not be able to use some comps that were done as private transactions. We can help provide information to the appraiser in the formats they require. This gives us the best chance to get the highest appraised value for loan approvals.

Mortgage rates remain incredibly low – but this will change significantly in a few years. The Fed continues their program of buying $85 billion per month in mortgage-backed securities. The simple fact is that mortgage rates are being held down artificially and the mortgage system must be restructured to be able to operate normally. That means higher rates and higher costs for financing are coming in the future.

This is an unprecedented opportunity to buy the home of your dreams while prices and financing are low. But these conditions will not last as the real estate market continues to recover.

Luxury Homes & Estates Digital Magazine

Prudential Georgia Realty is the leader in luxury real estate for the Greater Metro Atlanta area. Our company is also part of exclusive luxury networks with a significant presence in affluent markets around the world. We publish our Atlanta Luxury Homes & Estate Digital Magazine to highlight some of these exceptional properties.

Click Here To View The Atlanta Luxury Homes Digital Magazine

Our company offers a range of specialized services and connections to luxury networks for our Fine Homes clients. Prudential Real Estate has achieved the highest average sales price for any national brand for the past 10 years. The Prudential Fine Homes International program is a networking and certification program for our Fine Homes agents. These agents receive customized training and tools plus have access to networks that helps put High Net Worth buyers and sellers together. We have referral partners in all the major feeder markets that move qualified buyers to Metro Atlanta. Here are some highlights of our network affiliations:

The Prudential Real Estate Affiliates network with over 1700 locations.

We are members of Who’s Who in Luxury Real Estate. With over 1650 members and 80,000 agents, this is the largest and most prestigious luxury network in the world. Their website is also the leading global website for luxury properties.

We are owned by HomeServices of America, a Berkshire Hathaway affiliate. HomeServices of America is ranked the nation’s second-largest, full-service residential real estate brokerage firm and one of the largest providers of integrated real estate services, with more than 17,000 agents in 21 states.

We are members of The Realty Alliance which is comprised of the largest real estate companies around the nation.

For luxury sellers, our Advanced Property Marketing System for Fine Homes is the most effective methodology to sell your property for the highest value. Our company is ranked #1 in homes sold for the past three years for a reason. Our local and global connections ensure our clients have the best chance to find that right buyer to fall in love with their amazing home.
Please contact us to learn more about our Advanced Property Marketing System for Fine Homes.




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 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 678-513-2014 or email us at APrescott@PrudentialGeorgia.com.