Market Information
Posted on: February 29th, 2012
We are big fans of Berkshire Hathaway and its founder Warren Buffett. As a matter of fact, we think Berkshire Hathaway is one of the most underpriced stocks out there – which at $119,000+ per share is saying something about its “intrinsic value.” Luckily for mortals, the class B share is about $80 per share. What does Mr. Buffett say about housing? Below is a quote from his Annual Letter to Shareholders. Here it is:
“Housing will come back –… Read more
Posted on: February 9th, 2012
Fresh off the success at 518 Argonne Road, Thad Roepke and Kevin Cotter of Crestar Properties have started a project encompassing three houses at the corner of West Wesley Road and Dawn View Lane.
One of the three houses site is under contract. Only 1001 Dawn View Lane is available now.
Recent progress photos taken February 8, 2012.
Posted on: February 6th, 2012
Every year we blog about Atlanta’s top public elementary Schools. Why? Quite simple at a high level – Atlanta’s real estate market performance has been heavily co-related to school performance. And why is that? Well, this is not simple. Politics, demographics, availability of educational alternatives, etc. all play important roles. As far as real estate is concerned, a significant portion of property taxes are allocated to schools in the area. Where people are spending a high proportion of their income on… Read more
Posted on: January 24th, 2012
Heery Brothers has worked on Short Sales for many years. In this article, we will explain one way in which they became a more normal part of the market in the last year. We have represented both buyers and sellers. For those buyers looking for a good deal on quality property in Buckhead, there are more short sales than foreclosures. Towards that end, something very interesting has happened – short sales had better “price performance” than normal sales in 2011.… Read more
Posted on: January 24th, 2012
In Metro Atlanta:
- The number of active listings have dropped 28% across the city (Dec ’11 vs Dec ’10).
- The number of pending sales as of year’s end is up 20% from the prior year.
- The number of closed sales for the year was higher than any of the prior 3 years.
In the upper tier (over $750,000):
- Available inventory is down by 24%
- There were 17 more sales in this price bracket in 2011 than
… Read more