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Ouch! Intown Atlanta Sellers and the Price Reduction Effect!

September 6, 2008 By Leave a Comment
price-reduction-effect

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
percent-of-transactions-which-followed-a-price-reduction

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:

Median Sales Price Differences in Intown Atlanta

August 27, 2008 By 1 Comment
Median Sales Price as a %age of Original List Price

Here's another eye opener...we've seen this trend for a long, long time - at least since The Rootdown Group got started in April 2004...but...in Intown Atlanta, which we define thusly: 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 ...We see, that for the first half of 2008: 1. The median of the sales price as a percentage of the original list price dropped to its lowest level in three years during 1Q 2008 and, although higher than in 1Q, remained historically low through 2Q 2008   2. The 2Q 2008 percentage is nearly the same as in the greater metro Atlanta area   So, at 92.6% of … [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, Poncey Highland, Really Bad Real Estate Marketing, Really Great Real Estate Marketing, Reynoldstown, Southside, Virginia Highland Tagged With:

Median Sales Prices for Intown Atlanta down 10.1%

August 26, 2008 By Leave a Comment
Sales prices 2007 versus 2008 for Greater Intown and Decatur

Alright, alright, alright...I may be a sluggish "blogger" but if I am one thing, I'm a busy real estate agent and a 42 year old brand new father... My Business partner at Rootdown, Greg Ruis is truly the Pricemaster. He ran these numbers and got 21 charts from our "Senior Partner" Chartmaster Chuck . Today, I'll focus on just one thing - PRICES. We asked Chuck to run the following submarkets - pretty much the primary geographic focus for our team: 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 What we found is not terribly surprising, since we live in the market everyday:  * In … [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, Ormewood Park, Peoplestown, Poncey Highland, Reynoldstown, South Dekalb, Southside, Summerhill, Virginia Highland Tagged With: ,

Welcome to the Intown Insider…

January 1, 2008 By Leave a Comment

intowninsider.com is a real estate media vehicle sponsored by Intown Atlanta and Decatur real estate specialists, The Rootdown Group. The site will feature up to date market analysis, a free real estate search tool with a terrific user interface, a neighborhood compendium, cultural epiphanies and some cool videos. We went live on January 1, 2008. We have a few things to add to make this site rock, but thank you for visiting. Please come back. Get your real estate on! … [Read more...]

Filed Under: Adair Park, Capitol View, Sylvan Hills, ATL Culture and Events, Bankhead, Brookhaven, Buckhead, Cabbagetown, Candler Park, Castleberry Hill, Chamblee, Collier Heights, Divorce Issues, Downtown Atlanta, Druid Hills and Emory Area, East Atlanta Village, East Lake, East Point, Eastside, Edgewood, Fort McPherson Area, General Information, Grant Park, Greater Decatur, Home Park, Inman Park, Kirkwood, Lake Claire, Lakewood, Loring Heights, Market Analysis, Mechanicsville, Midtown, Northside, Oak Grove, Oakhurst, Oakland City, Old Fourth Ward, Ormewood Park, Peoplestown, Poncey Highland, Really Bad Real Estate Marketing, Really Great Real Estate Marketing, Reynoldstown, Riverside and Bolton Area, Sandy Springs ITP, Sandy Springs OTP, South Dekalb, Southside, Southwest Atlanta, Summerhill, Underwood Hills, Vine City, Vinings, Virginia Highland, West End, Westside
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