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Decatur townhouse values abound

July 22, 2011 By Leave a Comment
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I bought a $152,000 2/2/1 townhouse last October with a 4% APR VA Loan and then I dropped about $40,000 in labor and materials in it over the course of about 9 months. It had vintage cocoa brown, two-tone appliances, lots of goldenrod wallpaper, and all original 1972 everything, pretty much. It’s an end unit on the park – we have a pool and lovely grounds and the HOA fee is only $210.00 per month. I intend to live there awhile and not only is it in a terrific elementary school district, it is also just a 5 minute walk to my office at Keller Williams Realty in downtown Decatur. Basho, the Sumo wrestling poet, is seen in this photo overlooking the rubble. New hardwoods, a new media wall, monochrome paint, demolished closets, super fresh bathrooms and kitchen – I’ll share more photos in an article or two soon, and I’ll even tell you about my Google TV. The reason that I’m telling this story is that today I could sell my place for about $175-180,000. Cost vs. … [Read more...]

Filed Under: Eastside, Greater Decatur, Market Analysis

Rainy Day Real Estate #30032 and #30034

January 29, 2010 By 2 Comments

Here is a series of videos that I Flipped on Saturday, January 16, 2010. My client wanted to see 2 properties, and I added lots of color commentary on the way, and at the properties. If you are a serious buyer in the 30032 or 30034, and if you either need exclusive or non-exclusive brokerage assistance, then call me. There are some intriguing opportunities over here for the savvy, single family residence buyer. The capital gains advantages of moving from house to house every 2 –4 years for the next 10-20 years is about as remarkable a bonus plan as there is in these United States. Starting at less than $50,000, investor cash capital is bolstering this submarket. Starting at less than $50,000, savvy primary residence buyers should be all over this. Big brick ranches on 1/2 acre + land parcels are remarkable investments in 2010. Check out these videos. This neighborhood is loaded with unique, well-crafted mid-20th century ranches on large lots. This … [Read more...]

Filed Under: Architecture, Cool videos, Eastside, Fun Facts, Greater Decatur, Market Analysis

Moving Sideways for Homebuilders In This Real Estate Market

January 18, 2010 By Leave a Comment

  “This graph compares the NAHB HMI (left scale) with single family housing starts (right scale). This includes the December release for the HMI and the November data for single family starts. This shows that the HMI and single family starts mostly move in the same direction - although there is plenty of noise month-to-month. I know I'm a broken record, but residential investment is one of the best leading indicators for the economy, and the best indicators for RI are the NAHB HMI, housing starts, and new home sales. And these indicators are moving sideways (at best).” More from the savvy economic bloggers at Calculated Risk – here. This leading economic indicator, over in Dekalb County just off of Brockett Road, shows that the Greater Atlanta Homebuilders Association is trying to get out of their headquarters building… Moving sideways, and in the case of our local home builders’ association, slightly downward … thanks to Greg Ruis for seizing the … [Read more...]

Filed Under: ATL Culture and Events, Eastside, Greater Decatur, Market Analysis

Ouch! Intown Atlanta Sellers and the Price Reduction Effect!

September 6, 2008 By Leave a Comment
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This chart is a big eye opener. Take into account the following facts:   1. The <$200K price range had a more severe impact (-24.9 percentage points) on the percentage of listing price realized after a price reduction, but all price ranges are affected heavily when a reduction is necessary   2. The lower price range impact was likely amplified by the number of foreclosed properties in that price range   3. Between $200K and $999,999, Sellers who don't price their property right the first time are losing anywhere from 5-8% on the sale ... that doesn't even account for the lost capital - time is money, and monthly debts must be paid, month after overpriced month   In the past 2 weeks, we've concluded the following, in addition to this bold statement about the effect of price reductions:   A. Sellers are paying some or all closing costs in about 71% of Intown transactions B. Most Listing Agents and Sellers, most of the time are off by about 7% List vs. SOLD on … [Read more...]

Filed Under: Cabbagetown, Candler Park, Druid Hills and Emory Area, East Atlanta Village, East Lake, Eastside, Edgewood, Grant Park, Greater Decatur, Inman Park, Kirkwood, Lake Claire, Market Analysis, Midtown, Oak Grove, Oakhurst, Old Fourth Ward, Poncey Highland, Really Bad Real Estate Marketing, Really Great Real Estate Marketing, Reynoldstown, Southside, Virginia Highland

It’s All About You, Intown Atlanta Sellers – Price Reductions Abound

September 2, 2008 By Leave a Comment
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In the past week or so, we've reported that: A. Sellers are paying some or all closing costs in about 71% of Intown transactions B. Most Listing Agents and Sellers, most of the time are off by about 7% List vs. SOLD on Intown sales C. The Median Sales Price is down 10.1% through the first half for the Intown neighborhoods we surveyed Here's what we looked at... 1. Ansley Park and Morningside southward to Inman Park and Reynoldstown - that includes Midtown and VAHI 2. Eastside Atlanta Dekalb - the neighborhoods East of Moreland and Briarcliff, plus Johnson Estates and southward to Edgewood and Kirkwood - all North of I20 3. Southside Atlanta Fulton - Grant Park, Summerhill, Boulevard Heights, Ormewood Park, EAV 4. Greater Decatur - South of Mercer U, down to I20 at South Dekalb Mall So, those who get this get the quick sale. We've found that most of ya want a quick sale, don't ya? The Rootdown Group gives good advice to Sellers - call us. We would … [Read more...]

Filed Under: Cabbagetown, Candler Park, Downtown Atlanta, Druid Hills and Emory Area, East Atlanta Village, East Lake, Eastside, Edgewood, Greater Decatur, Inman Park, Kirkwood, Lake Claire, Market Analysis, Midtown, Northside, Oak Grove, Oakhurst, Old Fourth Ward, Poncey Highland, Really Bad Real Estate Marketing, Really Great Real Estate Marketing, Reynoldstown, Southside, Virginia Highland Tagged With: ,

Percentage Amount of Seller Paid Closing Costs Remains Steady for Intown Closings

August 28, 2008 By Leave a Comment
Seller Paid Closing Costs

Sellers in Intown Atlanta and Decatur paid some, or all, of their Buyer’s closing costs in 71% of the transactions through June, 2008, which is nearly the same as in the last two years... Greg the Pricemaster studied the following submarkets with our micro-numbers guru, Chartmaster Chuck to come up with our conclusions: 1. Ansley Park and Morningside southward to Inman Park and Reynoldstown - that includes Midtown and VAHI 2. Eastside Atlanta Dekalb - the neighborhoods East of Moreland and Briarcliff, plus Johnson Estates and southward to Edgewood and Kirkwood - all North of I20 3. Southside Atlanta Fulton - Grant Park, Summerhill, Boulevard Heights, Ormewood Park, EAV 4. Greater Decatur - South of Mercer U, down to I20 at South Dekalb Mall Based on my experience, these numbers seem even higher  - like 90% of the time or more. That being said, I've also experienced two transactions this Summer where appraisal almost caused the deal to fall apart and the … [Read more...]

Filed Under: Cabbagetown, Candler Park, Downtown Atlanta, Druid Hills and Emory Area, East Atlanta Village, East Lake, Eastside, Edgewood, Grant Park, Greater Decatur, Inman Park, Kirkwood, Lake Claire, Market Analysis, Midtown, Northside, Oak Grove, Oakhurst, Old Fourth Ward, Ormewood Park, Peoplestown, Poncey Highland, Really Bad Real Estate Marketing, Really Great Real Estate Marketing, Reynoldstown, South Dekalb, Southside, Virginia Highland Tagged With:
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