FEBRUARY 2020
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!
January is off to a very strong start with Pending Contracts up 33.7% compared to December and up 9.1% compared to last January. Closings were up 14.6% compared to last year but down 30.9% from December as December was one of the best months for closings we have seen in years.
The entry-level market has strong demand and very low inventory. There are many multiple offers and values rose faster than other segments. 86% of all transactions are in the $100K-$500K price range. The mid-market ($500,000 to $1 mil) closed sales were down 36.3% over December 2019 and up 28.3% from this same time last year. The luxury market ($1 mil+) closings showed positive gains of 39.1% in closings and 21% in pended contracts.
Mortgage rates remain historically low 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 for Georgia.
Our next MEGA Open House Events are Sunday, March 1st and March 22nd from 2pm–5pm. There will be hundreds of beautiful open houses available and one lucky sweepstakes winner will win a cool Amazon Alexa Package.
What Is The Difference Between The Flu And A Cold?
You don't have to have all of these symptoms to have the flu. If you're experiencing any symptoms, like the ones listed below, don’t wait for things to get worse—see your doctor as soon as possible. Tamiflu can be helpful.
Three Tips for Displaying Your Home Art Collection
For many luxury homeowners, having ample space to display their art collection is as important a feature as a state-of-the-art kitchen or spa-like bathrooms. Significant works of art require being exhibited in a way that does them justice—and it’s not just about high ceilings and expansive walls.
Whether you’re getting ready to mount your latest acquisition or you’re a serious collector looking for a new home that has a dedicated wing to serve as a gallery, here’s what you need to know about displaying your art at home:
Assess the Space
Consider how your wall space relates to your collection. Do you have large paintings that can hang by themselves or will you arrange several smaller works close together? If you’re going with the latter, try to group pieces that are connected in some way, like style, color, or motif. Also, pay attention to the frames and how they can connect the artwork to your living space.
Lighting
Whether you’re going with picture lights or recessed spotlights, this is one of the most important factors to take into account. Warm, dimmable light bulbs with a Color-Rendering Index of 90 or above are best to illuminate the artwork accurately and reveal natural hues. Try to avoid direct sunlight, as it can cause fading and, at the very least, make sure your windows block UV rays. While we’re at it, it’s also best to stay clear of any air vents or drafts.
Consult a Professional
When you’re dealing with priceless works of art, you can’t be afraid to bring in a professional to help curate your space. Art-hanging services can outfit your home with museum quality hanging systems that will take your collection to the next level. Installation experts will ensure each piece is securely mounted and can even implement pulley systems, so you don’t have to put holes in your walls.
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!
Our next MEGA Open House Events are Sunday, March 1st and March 22nd from 2pm–5pm. There will be hundreds of beautiful open houses available and one lucky sweepstakes winner will win a cool Amazon Alexa Package.
What Is The Difference Between The Flu And A Cold?
You don't have to have all of these symptoms to have the flu. If you're experiencing any symptoms, like the ones listed below, don’t wait for things to get worse—see your doctor as soon as possible. Tamiflu can be helpful.Three Tips for Displaying Your Home Art Collection
For many luxury homeowners, having ample space to display their art collection is as important a feature as a state-of-the-art kitchen or spa-like bathrooms. Significant works of art require being exhibited in a way that does them justice—and it’s not just about high ceilings and expansive walls.
Whether you’re getting ready to mount your latest acquisition or you’re a serious collector looking for a new home that has a dedicated wing to serve as a gallery, here’s what you need to know about displaying your art at home:
Assess the Space
Consider how your wall space relates to your collection. Do you have large paintings that can hang by themselves or will you arrange several smaller works close together? If you’re going with the latter, try to group pieces that are connected in some way, like style, color, or motif. Also, pay attention to the frames and how they can connect the artwork to your living space.
Lighting
Whether you’re going with picture lights or recessed spotlights, this is one of the most important factors to take into account. Warm, dimmable light bulbs with a Color-Rendering Index of 90 or above are best to illuminate the artwork accurately and reveal natural hues. Try to avoid direct sunlight, as it can cause fading and, at the very least, make sure your windows block UV rays. While we’re at it, it’s also best to stay clear of any air vents or drafts.
Consult a Professional
When you’re dealing with priceless works of art, you can’t be afraid to bring in a professional to help curate your space. Art-hanging services can outfit your home with museum quality hanging systems that will take your collection to the next level. Installation experts will ensure each piece is securely mounted and can even implement pulley systems, so you don’t have to put holes in your walls.
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 eighteen 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.
