debbysdishaboutatlantarealestate

How Atlanta real estate has changed

05/24/2013
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New dynamics in Atlanta real estate…..

Homes are selling at an amazing pace in the Atlanta Market. Buyers have finally come to the realization the Atlanta Market hit bottom a loooooong time ago so they’re jumping off the fence and into a new home. However, buyers are facing new challenges in our continually shifting market. The 50%+ shortage of inventory has them competing with not only other buyers for their new home; Investors have also entered into the mix. Investors have been particularly active in the first time buyer price ranges of <$250,000. The supply of foreclosure homes has diminished significantly and Investors are going “retail”. It is very common for Investors to submit offers on new listings sight unseen. This has lead to a new dynamic of racing to the hot new listings. Buyers no longer have the luxury of waiting to visit new listings; if they do someone else will scoop it out from under them.

The good news for sellers is the pent up demand and lack of supply are driving average sales prices up by 30%+ compared to this time last year. The changing market provides a unique opportunity for sellers to sell within a matter of days from listing or to sell their home without having to formally list. We call this a private sale in the real estate world.

Here are a few perfect examples of how quickly homes that are priced right and show well are selling swiftly:

 

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1240 Harris Commons Place

Offers came in by day 4 of listing & that was in January!

Under Contract in only 6 days!

Sold for 100% of list price!

 

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1232 Harris Commons Place

Multiple offers within 3 days of listing!

Under Contract in only 9 days!

Sold for 102% of list price!

 

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755 Earlham Drive

10 showings in first 2 days!

Offers on 2nd day after listing!

Under Contract in only 4 days!

Sold for 97% of list price!

 

1 

355 Martins Trail

Offer received within hours of listing!

Under Contract in only 3 days!

 

Are you thinking about a move? Do me a favor, send me your answer to fill in this blank…. “If I could get                       for my house, I would sell tomorrow and move.” It could happen and you’ll never know unless we talk.

Excited about selling your house or finding a new home and can’t wait to get started? Just follow this link: http://www.debbybraun.com/search_atlanta_mls_listings.asp

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