Property Lines

Conversations about Atlanta Real Estate

New Marietta Listings Priced $400,000 - $500,000

[ Add Comment ] 05/10/08 | Kathy Drewien | Filed under: Atlanta Buyers, Atlanta Real Estate, Marietta, Mortgages, Technology & Real Estate

The newest listings for Marietta priced $400,000 - $500,000 are now available for viewing.

$445,000 :: 1202 Rosette Way, Marietta GA

$449,900 :: 5309 West Bank Drive, Marietta GA

$449,900 :: 4085 Tritt Homestead Dr, Marietta GA

$450,000 :: 4704 Outlook Way Ne, Marietta GA

$464,900 :: 158 Millbrook Farm Road, Marietta GA

$489,000 :: 2037 Old Forge Way, Marietta GA

Interested in a different Atlanta home search? A new price range in Marietta?

Use the Home Search tab in the top menu. No registration required. No hassle from us.

Atlanta Real Estate Mortgage Rate Update

[ Add Comment ] 05/09/08 | Jim Greenie | Filed under: Atlanta Real Estate, Mortgages

Mortgage rates ended higher last week on stronger-than-expected jobs data, strong consumer spending, and an appetite for riskier investments.

But, investors were most excited about the Federal Reserve’s hint that its rate-cutting cycle may be over.

Mortgage Interest Rates*

	Conforming	APR	Payment per $1000	Jumbo	APR	Payment per $1000
30-Year Fixed	5.63%	5.76%	$5.76	7.25%	7.35%	$6.82
15-Year Fixed	5.25%	5.48%	$8.04	7.00%	7.16%	$8.99
5-Year Fixed ARM	4.88%	5.01%	$5.29	6.88%	6.97%	$6.57
5-Year Interest Only	5.13%	5.26%	$4.27	7.00%	7.10%	$5.83

*Rates are subject to change due to market fluctuations and borrower’s eligibility.

Call my cell phone (404-992-6547) if I can assist over the weekend.

Enjoy the weather! Jim

Related Tags: Atlanta Buyers | mortgages

Alpharetta Home Sells in 21 Days

[ Add Comment ] 05/09/08 | Kathy Drewien | Filed under: Alpharetta, Atlanta Real Estate, Atlanta Sellers, Housing, Mortgages

Buyers are buying and sellers are selling. The average number of days a house is on the market in North Atlanta is 92. And yet, this Alpharetta home sold in 21 days!

What do you think the sellers did to make that happen?

Was there some special secret the agent used?

HINT: This is not a foreclosure.

Suggest the top 5 marketing tools in the Comments.

The first five to comment get fun treats sent their way.

Related Tags: Alpharetta home search | Atlanta Sellers

MLS Moments - How’s the Atlanta Market Today?

[ Add Comment ] 05/09/08 | Kathy Drewien | Filed under: Alpharetta, Atlanta Real Estate, MLS Moments, Marietta, Roswell, Suwanee

The goal of MLS Moments posts is to provide a snapshot of the Atlanta market on a regular schedule.

I've been tracking the number of houses for sale in Atlanta, and how many houses have sold for several weeks. The average list price, the average sales price, and the average days on market have been recorded, and compared to the prior week.

Week after week, the message has been the same. The real estate market in North Atlanta is flat.

A couple of posts back I used a chart that summed up the market, "You'll notice that when some things are up, other things are down." Even if you like numbers, the constancy of the reports is B-O-R-I-N-G.

So, I've decided to report on a monthly basis the number of houses for sale, the number sold, and average prices. Real Time Atlanta Real Estate Market Profiles are available any time. Detailed weekly reports are available to download.

Tonight, I've looked at absorption rates - the amount of time it will take to sell all of the houses currently listed for sale, based on how many houses are currently reported as sold and closed.

I created a great chart full of data for East Cobb, West Cobb, North Fulton and North Gwinnett. It has pretty colors to define the rows and columns. And, for the life of me, I can't get it into this post.

This is what the absorption rate chart looked like in September 2007.

Tonight, there are 8097 homes listed for sale in North Atlanta. And, there are 981 homes that are "under contract" - a total of 9078 houses for sale. Only 1860 houses sold between January 1 and April 30, 2008.

What does this tell you? It will take 19.5 months for the market to absorb the number of houses currently for sale - at the rate houses are now selling.

I think my time is better spent answering the question of Atlanta sellers, "Why isn't my house selling?"

If you enjoy tracking the numbers, or don't want to miss the answer to why your house is not selling, subscribe to our posts.

Related Tags: Atlanta Real Estate | MLS | North Atlanta

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