Market Information

Big Changes with Georgia Association of Realtors’ (GAR) Purchase and Sale Agreement – What it means for you

First to the bottom line before the Heery boys get all wonky – Earnest money amounts are going up! A major change in how the contract is written is going to push sellers to ask buyers to have “more skin in the game.” This change may also be accompanied by increasing interest in leaseback period after closing. We are not a fan of sellers living in the houses after closing, but this may also result.

Recent case law which strikes … Read more


Market Ketchup

Some folks love Ketchup. Some don’t. We think everybody wants to Catch-Up in their own way about their market.

Click here to create personalized market updates.

 

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Getting Warmer: Atlanta’s Early Spring

Springs is here. Here are some stats about Atlanta’s real estate market as of February 19, 2018

  • There are 1907 single family house listings in “Atlanta”. 40% are under contract.
  • Of this 40% under contract, 674 listing are marked “pending”. Pending listings usually involve non-refundable earnest money. This is way ahead of where we were this list last year (as shown in below overview).
  • Some submarkets show incredible undersupply.
  • Average days on market is 47. Median days on market is
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Fun with numbers …

The incredible marketing group at Atlanta Fine Homes Sotheby’s International Realty created this fun piece for our upcoming placement in Peachtree Battle Living Magazine. It ties in to our last post about the Buckhead market and zeros in on Zip Code 30305.… Read more


Buckhead Market Update

Buckhead’s single family market probably had about $1 billion in single family residential sales last year. There was about $945 million that occurred in First Multiple Listing Service (FMLS) – which captures majority of sales. Below chart has summary. You may find this simple overview of 2016 single family sales helpful:

 

  • Average days on market was 73
  • Average price square foot was $273.72
  • Average sale price was $1,079,823, which is 94% of listing price
  • Last year, Heery Brothers sold
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