Atlanta Real Estate Property Lines Is On the Move

Property Lines is on the move. It’s time to start packing. Are you ready?

I haven’t had a lot to say here recently. And yet, my mind has been working full time behind the scenes.

Me? Speechless? I know it’s hard to imagine.

It’s no secret I’m passionate about helping Atlanta buyers and sellers.

I can easily talk 2-3 hours about what works, what doesn’t work. Examples, case studies, market research and analysis.

Never at a loss for words — once I’m clear about my goal, that is.

When I first started writing, the goal was not crystal clear. Just wanted a way to tell you we aren’t like a lot of other folks who buy and sell real estate.

Way too many times we’d hear horror stories about our client’s past experiences with real estate agents. If only there was a way to talk to buyers and sellers before we met…

So, I asked a friend to recommend clever names suggesting conversations about real estate. We both thought Property Lines was terribly clever. And, it is.

The domain was purchased, the design layout created. I was am excited about writing, tweaking, learning.

What does this have to do with moving?

I am way, way passionate about technology and real estate, and always on the lookout to learn:

• How technology will help me work smarter, faster, more efficiently.
• What will enhance the buying and selling experience for my clients.
• When shiny new communication toys are available for my business tool box.

And, I love talking to other real estate professionals about technology. It became clear I need two sites for talking. One for Atlanta buyers, sellers, and folks moving to Atlanta. Another site to chat about real estate and technology.

After many months of waffling back and forth on the best way to talk to different groups, we redesigned AtlantaRelo.com to talk about real estate in Atlanta. The move is underway. We load up the car with boxes every chance we get.

Market Reports has been boxed up, moved over, and unpacked. Search All Atlanta Homes for Sale is right by the front door. The Atlanta Buyer Resource and Relocation Guide has a room of its own.

We’re not asking you to move out. You can have a place in town and a place at the beach.

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

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.

MLS Moments - How’s the Atlanta Market Today?

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.

MLS Moments

Tracking the number of houses for sale in Atlanta each week shows little change in the housing market for our area. Compared to last week, there is only a slight variation in the mls listing report.

• Homes for sale in North Atlanta - 8060 UP 94
• Properties under contract pending closing - 943 UP 65
• North Atlanta houses closed - 1634 UP 118
• Average sold price - $370,081 UP $1671
• Average days on market - 92 DOWN 1

First Multiple Listing Service (FMLS) has released the March summary report for the greater Atlanta area. In comparison, North Atlanta market statistics report a somewhat stronger picture with higher sales prices and less days on the market.

In Atlanta the number of homes sold this year compared to last year is down 36.6%. Simply, there are fewer buyers this year.

And yet, buyers are purchasing homes that are priced correctly. The average sales price is 4.7% off the listing price at the time the offer is made - not the original listing price. Overpriced houses do not sell.

Get real time Atlanta market trends here.

Photo Credit: Brooke Novak 

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