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Conversations about Atlanta Real Estate

MLS Moments - Market Update

[ 1 Comment ] 06/16/08 | Kathy Drewien | Filed under: Atlanta Real Estate, MLS Moments

The market update for North Atlanta shows a continued positive trend first reported on June 3. The increase in the number of houses sold tripled the increase in the number of houses listed.

More simply, since June 3, there is a:

377 increase in homes sold
110 increase in houses for sale

Houses for sale in North Atlanta - 8331 with an average listing price of $580.917.

Houses sold, pending close - 968 with an average list price of $392,173. Average market time is 83 days.

Houses sold and closed year-to-date is 2729. The average list price is $386,962, compared to $368,544 average sold price. Average market time is 89 days.

Review all multiple listing market reports to track trends in our market area.

Weekly Market Reports

Real Time Price and Inventory Trends

MLS Moments

[ Add Comment ] 05/26/08 | Kathy Drewien | Filed under: MLS Moments, Neighborhoods

I took a few moments for a quick review of multiple listing home sales in North Atlanta this Memorial Day weekend.

MLS Listings Market Review - May 25, 2008
City / Zip Code	Closed Sales	Average Sales Price	Average Market Time
North Atlanta Area	2201	$368,456	90 Days
Marietta (30062)	217	$307,271	88 Days
Marietta (30067,30068)	158	$432,649	70 Days
Roswell (30075)	158	$399,569	80 Days
Johns Creek*	411	$396,580	86 Days
Alpharetta (30004,30009,30023)	157	$518,903	110 Days

*The zip code of Johns Creek is 30022 and 30005, 2 Suwanee zip codes (30024 and 30076), and 1 Duluth zip code (30097). NOTE: Sales in the individual areas total less than 100%. Our broad geographic area includes additional cities and zip codes.

Want information on an area not reported? Add a comment to let me know. I’ll get you updated right away.

And, be sure to check this week’s detailed market report.

Conversation Tags: 30005 | 30022 | 30062 | 30068 | 30075 | 30097 | MLS Moments | multiple listing service

New Trend with Atlanta Sellers

[ 1 Comment ] 05/21/08 | Kathy Drewien | Filed under: Atlanta Real Estate, Sellers

Atlanta sellers are teasing me. image of dangling carrot

Hello. I found you on the internet.

My house at 123 Anystreet is for sale. The listing number is #1234567.

I am offering a 4% commission to the agent who brings a buyer before the end of the month.

Curiosity compels me to investigate. Every time.

What I discover - every time - is the seller hired a flat-fee broker who listed the property in the multiple listing service. And, the seller priced the property without regard to current market conditions, or the most recent sales data.

Today’s carrot dangler seller over-priced the property by $25,000.

My response is always the same. “Homes that are target priced, and in showcase condition are selling. Why do you think your house has not yet sold?”

Sellers take note: Target priced houses in showcase condition are selling.

Photo Credit:HansKristian

Conversation Tags: Atlanta Sellers | Buyers | MLS Listing Data | multiple listing service