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Heather Stanton
Starate Associates/WEGO Properties
188 West Campground Rd.
Mcdonough GA 30253
678-300-2787
Fax: 404-393-9921

Atlanta Real Estate

Heather Stanton

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Displaying blog entries 11-20 of 80

Real Estate Housing Crisis Is Over.

According to an article posted today by "The Wall Street Journal" our housing crisis has ceased to decline. That's right, we are actually hearing some positive news for a change. The real estate market bust from 2005 has finally bottomed out. The article speculates that it could be as much as 15 years before we see a boom like we did a few short years ago.

With home prices as affordable as they are right now we are seeing more and more buyers creep out of the wood-work. Here in atlanta, investors have already been taking advantage over the past few months and will certainly reep the benefits in the coming years.

Here is a link to the article.  "Click Here" Let me know what you think (comment section at bottom of this page).

 

Thanks - Your atlanta real estate Pro


 

Weekly Market Statistics for Atlanta Ga single family homes

This weeks market statistics for atlanta real estate. Currently there are a total of 5184 active homes for sale. See Report Below.

 

atlanta, Ga MARKET STATISTICS REPORT

Atlanta, Ga - ACTIVE LISTINGS
Prop Type Bedrooms # Active Avg LP Avg MT
SF ALL 5184 333,744 107
2 OR LESS 817 130,015 104
3 2652 177,193 105
4 1116 393,807 109
5 OR MORE 599 1,192,824 115
MF ALL 362 254,851 122
LL ALL 447 215,816 194
CM ALL 132 612,270 156
AF ALL 15 485,113 134
2 OR LESS 14 394,764 124
4 1 1,750,000 275
RR ALL 355 1,768 81
2 OR LESS 185 1,618 82
3 105 1,289 88
4 43 2,175 59
5 OR MORE 22 4,517 86
RC ALL 20 2,533 107
CT ALL 2814 299,924 134
2 OR LESS 2284 259,352 140
3 469 432,698 109
4 60 810,981 101
5 OR MORE 1 30,300 226


Atlanta, Ga - OFF MARKET LISTINGS
Prop Type # of Bedrooms # of SOLD % SOLD Avg LP of SOLD Avg SP of SOLD SP:LP Ratio Avg MT of SOLD Avg LP UN-SOLD % EXPD
SF ALL 4281 34 229,526 217,544 94 90 285,898 59
2 OR LESS 696 35 133,563 126,794 94 80 146,560 58
3 2392 35 166,517 158,541 95 93 190,581 58
4 878 32 313,707 297,256 94 92 343,204 61
5 OR MORE 315 27 685,225 643,768 93 90 852,898 66
MF ALL 482 28 181,350 167,715 92 91 252,750 33
LL ALL 186 15 151,408 132,506 87 120 285,611 39
CM ALL 60 12 330,217 297,140 89 122 616,865 41
AF ALL 1 5 350,000 238,000 68 147 226,279 5
2 OR LESS 0 0 0 0 0 0 542,475 100
3 1 100 350,000 238,000 68 147 0 0
RR ALL 4 0 0 0 0 39 1,799 97
2 OR LESS 1 0 0 0 0 41 1,354 97
3 1 0 1,000 1,000 100 44 2,196 99
4 2 2 875 875 100 36 1,713 97
5 OR MORE 0 0 0 0 0 0 3,613 100
RC ALL 0 0 0 0 0 0 2,305 50
CT ALL 1587 27 237,775 227,569 95 99 269,469 67
2 OR LESS 1349 27 213,533 205,235 96 100 242,184 67
3 217 26 345,367 325,652 94 96 398,467 69
4 16 28 716,118 678,525 94 71 620,981 70
5 OR MORE 5 45 577,900 553,400 95 110 806,300 54

Atlanta Real Estate Map Search

Click to view Mapping Solution

10 Tips To Sell Your Atlanta Home This Spring!

Starate Header
10 Tips to Sell A House Faster This Spring
 
"Beauty is in the eye of the beholder" is never more true than when purchasing a home.
No one needs to remind sellers that today's market is a challenging one. In fact, there are on average more than 11 months of inventory on the market at any given time.
So it is vitally important that you make sure all of your listings stand out above the others that are competing for the buyer's attention.
Here are some very basic pointers you can print out and share with home sellers to help get them headed in the right direction:
1. De-Clutter: This one is simple. De-clutter everywhere; inside and outside. If it's taking up space it is a potential candidate to be thrown out. The sellers need to make that all important mental conversion from "home to live in" to "house for sale." Personal things are a big distraction as you want the buyers to be able to visualize their own belonging in the house.
2. Repair: Buyers want everything working so don't disappoint them - dripping faucets, broken windows, leaking roofs, damaged walls and doors, etc, beg the question in the buyer's mind...What else is broken or doesn't work?
3. Lots of Light:The last thing home buyers want to see is a dark home with all of the doors and windows covered. Let the light in and open some windows to let in some fresh air. Room deodorizers leave the impression of covering something up as does a window that has the blinds drawn.
4. Clean Windows: Buyers want to know and see the view they will have from every room - don't make them look through dirty windows. If they do, the impression of a having great view is literally going "out the window."
5. Kitchen and Bathrooms:Two of the most important rooms in the house.They must be spotless and first class.Just cleaning up isn't going to be good enough - you need to "deep clean" all counters, floors, cabinets and all the fixtures in the bathrooms. In the bathrooms consider new fixtures or countertops and perhaps redoing the shower and tub enclosures. If new fixtures are not in the budget you may want to consider having them refinished. Think about having all the tile steam cleaned and make sure all grout is free from grease and dirt.
6. Odors:Absolute deal killers are cigarette or pet odors. If this is a problem - have the drapes, carpets and furniture professionally cleaned and please..."no smoking" in the house. Also, cooking odors are not a good thing. The best bet is to always for plan fresh air. Often a little lemon oil mixed with water in a spray bottle used lightly used will add just a bit of freshness without overpowering the house.
7. Paint: A fresh coat of paint on the outside or inside is an excellent way of freshening up your home. Be sure to use neutral colors and avoid accent painting. Don't try and guess what a potential buyer will like. In most cases they should use a professional painter because it's always a bigger job than most people think.
8. Yard Work: Deal with overgrown bushes, shrubs and trees. Everything in the yard needs to be trimmed, watered, manicured and "living." Remove everything lying around the yard including sports equipment, boats, trailers, toys, etc. You may also add some color by placing some annuals in planters in the back as well as in the front. Curb appeal makes that all important "first impression."
9. Furniture:The bottom line... less is best. If it's old, worn or dated, you should put it in storage. Remember that you are setting a stage and the actor needs to be the house - not their furniture. De-Personalize!
10. Hardwood Floors:Hardwood floors can be a huge plus for buyers unless they look like a 20 year old basketball court. It may be a great investment to have them all refinished - but keep in mind that it's not a simple weekend project. 
Wow, if only I had this service when I was searching for homes this spring. The Heather Stanton Team has an amazing tool that allows buyers to search for homes by selecting neighborhoods on a map. It is so simple and useful and far exceeds other neighborhood searches. The difference between this neighborhood search and the numerous sites other agents offer is this: You can visually see on the atlanta area map all the homes listed in the section you selected. Simply draw a box (you may have to draw more than one to narrow in your search to a street level view) over the map in the area you are interested in. If it is a broad section you will see little dots (more than 100 homes in the area you selected,) and as you zoom in on your selection, the homes are represented by little home icons. As you hover your mouse/cursor over the home icons a second information box pops up with basic details and pictures of the house your mouse/cursor is hovering over. You may then opt to click on the pop-up box for more details about the home or continue to persue the map for additional listings. Most real estate websites offer maps that allow you to click on the neighborhood and add it to your search list, but they do not actually show the homes listed in relation to each other or their location on the map.

The best way to understand this Atlanta
Map-Based Property search is to try it out. An email address is necessary to log-in to the site, but once you are there it is easy to use. The website also has features that allow you to maximize your search by naming price range, number of bedrooms and additional categories. Once you find a home of interest and you click on the details box it will take you to an in-depth page with photos, features and public school information. There will also be options to register and save the search, make an appointment to view the property, or sign up to receive emails of listings as they come on the market. This Map-Based Property search is the best tool for buyers searching for properties in specific locations!

Atlanta Real Estate Update

Happy Cinco De Mayo!

There have been a number of articles written as of late indicating that renting is a smarter choice than purchasing a home right now.  Although, renting may be necessary for some people, home purchase remains a smart choice for most.  Long term, home ownership is one of the best investments most of us can make.  There is not only appreciation over time, but there are also significant tax benefits.  My advice is don't let the negative press on home ownership frighten you away from one of the most sound investments you can make.  Right now with home prices being soft and mortgage loan interest rates low, home purchase is a safe bet.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerly,

Heather

What are mortgage points and when should you pay them?

More homes For Sale in atlanta, Ga
What Are Points and When Should You Pay Them?
Points are up-front fees paid to obtain a better interest rate on a loan. One point equals one percent of the loan amount. A lower interest rate may result in a lower monthly payment, but it is important to consider how long you intend to be in the loan, and to compare current rates to historical market trends.

If you take out a $300,000 mortgage and decide to pay one point, this translates into an up-front closing cost of $3,000. Paying a point up front saves $100 a month but it will take 30 months to recuperate the cost of that point. If you decide to refinance or sell the home before the 30-month mark, your money is lost. In this case, you would benefit financially by remaining in the home longer than the 30 months.

Rates run in cycles. When rates are at historical lows, it is sensible to pay points if you plan to live in the home for an extended period of time. It is unlikely that rates will go down; hence, there will be no need to refinance.

When rates are up, there is a strong likelihood that they will come down. This is no time to pay points. The chances of refinancing in the future are extremely high, and you will likely not be in the loan long enough to recuperate the cost of the points. Atlanta Map-Based Property Search
Mortgage Interest Rates*
Rates as of May 2, 2008:
 
Conforming
APR
Payment per
$100,000
Jumbo
APR
Payment per
$100,000
30 Year Fixed
5.625%
5.731%
$575.66
7.375%
7.452%
$690.68
15 Year Fixed
5.250%
5.356%
$803.88
6.625%
6.702%
$877.99
3/1 ARM
5.125%
5.231%
$544.49
6.125%
6.202%
$607.61
5/1 ARM
5.000%
5.106%
$536.82
5.375%
5.452%
$559.97
5/1 ARM Interest-Only
5.375%
5.481%
$447.92
5.500%
5.577%
$458.33
7/1 ARM
5.500%
5.606%
$567.79
5.750%
5.827%
$583.57
10/1 ARM
5.625%
5.731%
$575.66
7.250%
7.327%
$682.18
* Rates are subject to change due to market fluctuations and borrower's eligibility

There is always something to do in Atlanta.

atlanta real estate, atlanta real estate, you always here about me talking about real estate and updating you on the market here in Atlanta Georgia. But, it's alot more than just affordable homes and good interest rates and a growing job market.

Atlanta has plenty of family activities for you. It's more than a place to live it's a life style. Below you'll find everything you'll need to start living in Atlanta, Ga

Atlanta Real Estate, Information and City Links

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Real Estate Market Statistics for Alpharetta Georgia

This weeks Alpharetta Ga real estate update. Alpharetta is holding on strong in this real estate market storm. In the past 12 months over 1200 homes have sold which is 43% of the listing volume. Not to shabby for the Metro area. The average price of the sold homes is $400,619.00 and the average list price is $416,179.00 (typical negotiations). The average marketing time (MT) of sold homes is a mere 71 days. However, pricing in this market is everything. If you want or need to sell be realistic and aggressive when calculating your list price.

Whats For Sale in Alpharetta, Ga - Real Estate

Alpharetta, Ga Real Estate Stats Below.


 

 

Alpharetta Ga Real Estate

MARKET STATISTICS REPORT

ACTIVE LISTINGS
Prop Type Bedrooms # Active Avg LP Avg MT
SF ALL 1339 611,024 91
2 OR LESS 26 340,688 91
3 219 291,919 92
4 423 455,766 86
5 OR MORE 671 823,524 94
MF ALL 4 346,425 42
LL ALL 91 502,276 147
CM ALL 21 731,438 149
AF ALL 45 1,811,899 182
2 OR LESS 34 1,744,899 183
3 2 1,340,000 295
4 8 2,097,362 163
5 OR MORE 1 2,750,000 81
RR ALL 59 1,908 81
2 OR LESS 6 1,053 45
3 27 1,464 99
4 11 2,226 78
5 OR MORE 15 2,819 65
RC ALL 5 1,435 77
CT ALL 363 230,168 106
2 OR LESS 94 161,234 85
3 228 244,581 119
4 41 308,060 78


OFF MARKET LISTINGS
Prop Type # of Bedrooms # of SOLD % SOLD Avg LP of SOLD Avg SP of SOLD SP:LP Ratio Avg MT of SOLD Avg LP UN-SOLD % EXPD
SF ALL 1261 43 416,179 400,619 96 71 564,453 51
2 OR LESS 35 51 226,492 218,124 96 75 237,409 42
3 313 51 231,511 224,325 96 74 282,075 43
4 425 44 356,033 349,659 98 73 430,517 51
5 OR MORE 488 38 600,610 571,163 95 66 779,804 56
MF ALL 2 16 274,900 225,000 81 46 285,160 41
LL ALL 4 3 287,450 242,500 84 116 684,897 46
CM ALL 10 13 450,960 388,981 86 113 841,584 41
AF ALL 5 10 329,430 295,200 89 127 1,004,947 34
2 OR LESS 3 9 315,750 269,666 85 181 1,607,408 87
3 2 20 349,950 333,500 95 47 1,195,925 80
4 0 0 0 0 0 0 813,800 100
5 OR MORE 0 0 0 0 0 0 817,000 100
RR ALL 1 1 0 0 0 20 1,709 90
2 OR LESS 0 0 0 0 0 0 1,135 85
3 0 0 0 0 0 0 1,345 90
4 0 0 0 0 0 0 2,126 94
5 OR MORE 1 16 0 0 0 20 3,328 83
RC ALL 0 0 0 0 0 0 1,054 50
CT ALL 371 44 200,758 193,110 96 88 206,379 52
2 OR LESS 96 37 145,136 141,317 97 75 157,935 59
3 246 48 213,576 204,557 95 93 221,409 48
4 28 35 282,121 273,115 96 95 280,820 59
5 OR MORE 1 100 216,000 212,000 98 6 0 0

Atlanta Real Estate. The future looks bright.

News journals recently published a conducted study comparing real estate costs to income levels in the 50 largest metro areas in the United States. They did this by comparing median home payments alongside household income levels. The results showed that California is (not surprisingly) the most expensive place to try and own a home with the median California homeowner spending over 75% of their monthly income on their mortgage payments. That was not a typo… I said 75%! According to the U.S. Department of Housing and Urban Development, home costs should not add up to more than one third of monthly income so other life necessities can be purchased… clothes, food, etc.
Lucky for us, atlanta was in the Top 10 list for the most affordable home markets in the U.S. Good news for atlanta, Ga! Not too shabby for this so called “market crisis” the media is painting for us. While other parts of the country are definitely hurting, our market here in Atlanta is weathering the storm. According to Lawrence Yun, the National Association of Realtors’ chief economist, “The healthiest housing markets today generally are moderately priced and are experiencing job growth and often population growth, which in turn is supporting strong price growth.”
The moral of this story is that Atlantan’s can rest easy because our housing market is continuing to hold strong. I believe this quote summed it up best for me… “If the news predicted a snow storm in Denver, would you walk outside with your snow boots in Atlanta?”
Heather Stanton
Starate Associates/WEGO Properties
188 West Campground Rd.
Mcdonough GA 30253
© 2003 – 2010 Real Pro Systems, LLC
Last modified 3/11/2010