A tale of two Intown school districts - Toomer vs. Oakhurst
Posted in Eastside, Kirkwood, Market Analysis, Oakhurst on February 27th, 2008Single family home sales are down 40% year over year across Atlanta, according to Steve Palm’s recent Smart Numbers report. Knowing that, I decided to get hyper-local, and research my neighborhood, and make some judgments about my specific submarket, and our immediate competition. In doing so, I get to check out Steve’s research and see how it holds up on my streets.
On the bright side, the average sales price for new or newer houses like mine (built in 2003 or later) in my area of Atlanta is up about 6% from 2006 over 2007. I live in Hawthorn Park, a 47 home neighborhood with a 6 acre creekside forest and other common areas, built in 2003 in the heart of Kirkwood, and about 1/2 mile from Oakhurst. I like to say that I live on an island in the middle of Kirkwood. Back in 2003, just about everyone paid less than $400,000 for a minimum 3/2/1 with a garage, maybe a basement, maybe a BIG bonus room, and definitely lots of nice features.
Like nice, big kitchens.
And, nice open floor plans with seperate dining rooms.
And, naturally beautiful settings.
Well, I let some other Hawthorn Park island dwellers know today that we have some decisions to make about pricing and marketing. Of course, there is a lot of broader market bad news, and I choose to keep my street smarts up, and not let it get to me. As the leader of a real estate agency team, I must work within the market that we serve - good market, slow market, buyer’s market, seller’s market, whatever it may be, it’s my job to help my clients sell properties and purchase properties based on informed decisions.
If you listen to all of the bad news available nationwide, then you may end up being deeply affected spiritually, mentally, even physically.
Use your “street smarts” filter!
So, used my street smarts filter and I validated a market truth today. Read the rest of this entry »
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