Median sales prices were lower in each quarter during 2008 compared to the same periods in 2007 and 2006.
The overall median 2008 sales price was -12.9%, compared to that of 2007.
The 4Q 2008 median price was 24.4% below that of the same period in 2007.
We gathered this data from researching the following Intown Atlanta submarkets: Vinings, Inside the perimeter Sandy Springs, Inside the perimeter North Dekalb (Brookhaven, Chamblee, etc.), Greater Buckhead, Greater Decatur, Eastside Atlanta – Fulton, Eastside Atlanta – Dekalb, and Southside Atlanta (Grant Park, Ormewood Park, etc.).
Intown Atlanta and Decatur Buyers – it’s OK to wonder if “the time is now.”
It’s certainly OK to stay a renter, or to stay in a neighborhood that you do not want to be in next year, or to stay in a school district that is not your favorite, or to spend more time with your windshield than you do with your family, or with your best friends, or with your pets, or with your favorite television set.
It’s certainly OK to feel that way, and only you can find some level of excruciating, chafing insufferable pain, or some level of immense, delightful pleasure in changing your current situation.
Intown Atlanta and Decatur Sellers – at some point, those of you who say “I really don’t need to sell right now” will realize that what you really mean is that “I am the highest bidder on my house.”
In my opinion, the terms and conditions of “now” are incredibly favorable for refinancing, reinvesting in and repositioning your real estate holdings, and for buying primary residential. I also like multi-family investing options in good neighborhoods.
I even like a few of the absolute newest condos, lofts and townhomes too for second homes and for very stylish primary residences. Long term lifestyle choices – not real estate investments! Some of the new developer offerings are needing capital, and are making deals.
Otherwise, time to wrap this post up, and it’s time for Intown Atlanta Buyers and Sellers to get their real estate on!