Atlanta Real Estate Market Update – Sept 2012

As we head into Fall 2012, we are seeing the typical slow down as we traditionally expect in the fall for both sales and rentals.

Atlanta Area Homes Sale

Since this is an election year, we expect that people are in a holding pattern until the election results are in before people make a purchasing decision. Due to the effects of the “robo-signing” for foreclosures, there was a significant drop off in the foreclosure market. However, a couple of weeks ago, all the fall out has been completed and we expect to see a huge increase in foreclosure filings. August saw 19% increase in advertised foreclosures from July to August. So this will also impact the available home inventory. Currently the home inventory is pretty low, approximately 45,000 active homes on the market today. It will take time for the advertised foreclosure homes to be foreclosed and be introduced into the market. One reputable source estimates that we will see 10,000 advertised Atlanta foreclosures by the end of 2012.

Here are some 2012 Atlanta Real Estate Trends:

We are seeing a huge increase of buyers paying cash for homes. Most of these purchases are real estate investors, but there are several home owner occupied buyers as well.

Banks are listing properties below market value, creating a frenzy, then pitting buyers against each other for highest and best. So in essence, the banks are creating a reverse auction. While this is netting higher returns for the banks, it is creating confusion, frustration and insecurity among buyers.

Another strategy that banks are using is fixing up the foreclosed homes and getting them in buying condition. This leaves real estate investors less inventory that they can purchase, rehab, & make money on. Since traditionally foreclosed homes were not able to qualify for FHA financing, the only ones who would be able to purchase were investors who would then fix them up for profit and then sell them to traditional home buyers.

Banks are not filing the Deeds Under Power. So what does that mean? It means that it is taking a much longer time to close. While we started seeing this trend late last year, it is becoming more prevalent. You can read more about this & the impact it has at New Registration Law.

So what do we have to look forward to in 4th quarter 2012 & into 2013? We believe it will be more of the same until we get some consumer confidence. Want to know what is going on in the Atlanta Rental Market? Click here for information on Atlanta Area Homes for Rent.

 

Homes for Sale | Spalding Park Place

 

Spalding Park Place subdivision, Peachtree Corners, GA. is conveniently located in Gwinnett County near I-285 and Peachtree Parkway.  The neighborhood is only minutes away from fine shopping and dining at the Forum Shops.

Spalding Park Place is very close to outstanding amenities like Simpsonwood Methodist Retreat Center, Jones Bridge Park, Historic Norcross, post office, and Library. Spalding Park Place is one of Peachtree Corners newer custom cluster subdivisions outstandingly unique homes with open floor plans and low maintenance lots. Quiet and settled a more mature neighborhood.

The outstanding local schools that serve are Peachtree Elementary, Pickneyville Middle, and Norcross High School.  The school buses make stops throughout the neighborhood.

Homes in Spalding Park Placeare typically priced from the $350,000  to $450,000 so there really are homes in a choice of price ranges for any Norcross or Gwinnett County home buyer.

CALL ROBIN LANESE FOR UP TO DATE INFORMATION REGARDING HOMES IN SPALDING PLACE AT 678-231-1412.

SEE AVAILABLE HOMES IN SPALDING PLACE!

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Homes for Sale | Spalding Corners

Spalding Corners subdivision, Peachtree Corners, GA. is conveniently located in Gwinnett County near I-285 and Peachtree Parkway.  The neighborhood is only minutes away from fine shopping and dining at the Forum Shops.

Spalding Corners is very close to outstanding amenities like Simpsonwood Methodist Retreat Center, Jones Bridge Park, Historic Norcross, post office, and Library. Spalding Corners is Peachtree Corners largest subdivision with over 500 homes is comprised of mostly brick traditional homes established from the 1980’s thru 1990’s and is a very desirable neighborhood.

The outstanding local schools that serve are Peachtree Elementary, Pickneyville Middle, andNorcrossHigh School.  The school buses make stops throughout the neighborhood.

Homes in Spalding Cornersare typically priced from the $250’s  to $350’s so there really are homes in a choice of price ranges for any Norcross or Gwinnett County home buyer.

CALL ROBIN LANESE FOR UP TO DATE INFORMATION REGARDING HOMES IN PEACHTREE CORNERS AT 678-231-1412.

SEE AVAILABLE HOMES IN SPALDING CORNERS:

  1. 6 beds, 4 baths
    Home size: 3,248 sq ft
    Year built: 1979
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See all Real Estate in the Spalding Corners tract.
(all data current as of 12/17/2017)


FMLS Logo Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2017 FMLS.
Data last updated: 12/17/17 9:13 PM PST.

Walk Score provided by walkscore.com.

Homes for Sale | River Colony

River Colony subdivision, Lawrenceville,GA. is conveniently located inGwinnettCountynear I-85 and Duluth Highway.  The neighborhood is only minutes away from fine shopping and dining at Discover Mills.

River Colony is very close to outstanding amenities like the Gwinnett Civic Center, Collins Hills Sports Park, Sugarloaf Country Club, Gwinnett Technical College, post office, and library. River Colony has several different phases is a very family oriented Subdivision. The neighbors enjoy their lovely amenity center with adult and children’s pool, 8 lite tennis courts, children’s fenced play area, full club house and all  beautifully landscaped.

The outstanding local schools that serve are McKendree Elementary, Creekland Middle, and Collins Hill High School.  The school buses make stops throughout the neighborhood.

Homes in River Colony homes are typically priced from the $120’s to $225’s so there really are homes in a choice of price ranges for any Lawrenceville or Gwinnett County home buyer.

CALL ROBIN LANESE FOR UP TO DATE INFORMATION REGARDING HOMES IN PEACHTREE CORNERS AT 678-231-1412.

SEE AVAILABLE HOMES IN RIVER COLONY:

  1. 3 beds, 2 baths
    Home size: 1,734 sq ft
    Year built: 1986
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  2. 4 beds, 3 baths
    Home size: 3,400 sq ft
    Year built: 1987
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  3. 3 beds, 2 baths
    Home size: 1,982 sq ft
    Year built: 1996
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See all Real Estate in the River Colony tract.
(all data current as of 12/17/2017)


FMLS Logo Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2017 FMLS.
Data last updated: 12/17/17 9:19 PM PST.

Walk Score provided by walkscore.com.

Homes for Sale | Peachtree Station

Peachtree Station subdivision, Peachtree Corners, GA. is conveniently located in Gwinnett County near I-285 and Peachtree Parkway.  The neighborhood is only minutes away from fine shopping and dining at the Forum Shops.

Peachtree Station is very close to outstanding amenities like Simpsonwood Methodist Retreat Center, Jones Bridge Park, Historic Norcross, post office, and Library. Peachtree Station is Peachtree Corners largest subdivision with over 500 homes is comprised of mostly 3 and 4 sided brick traditional and tudor style homes established from the mid 1980’s to early 2000’s is considered by most a very desirable neighborhoods.

The outstanding local schools that serve are Peachtree Elementary, Pickneyville Middle, and Norcross High School.  The school buses make stops throughout the neighborhood.

Homes in Peachtree Station are typically priced from the $350’s  to $450’s so there really are homes in a choice of price ranges for any Norcross or Gwinnett County home buyer.

CALL ROBIN LANESE FOR UP TO DATE INFORMATION REGARDING HOMES IN PEACHTREE CORNERS AT 678-231-1412.

SEE AVAILABLE HOMES IN PEACHTREE STATION:

  1. 5 beds, 4 baths
    Home size: 4,437 sq ft
    Year built: 1980
    Broker reciprocity icon
  2. 4 beds, 4 baths
    Home size: 2,914 sq ft
    Year built: 1981
    Broker reciprocity icon
  3. 5 beds, 3 baths
    Home size: 2,729 sq ft
    Year built: 1980
    Broker reciprocity icon
  4. 4 beds, 4 baths
    Home size: 3,948 sq ft
    Year built: 1982
    Broker reciprocity icon

See all Real Estate in the Peachtree Station tract.
(all data current as of 12/17/2017)


FMLS Logo Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2017 FMLS.
Data last updated: 12/17/17 9:15 PM PST.

Walk Score provided by walkscore.com.

Homes for Sale | Neely Farm

Neely Farm subdivision, Peachtree Corners, GA. is conveniently located in Gwinnett County near I-285 and Holcomb Bridge.  The neighborhood is only minutes away from fine shopping and dining at the Forum Shops.

Neely Farm is very close to outstanding amenities like Simpsonwood Methodist Retreat Center, Jones Bridge Park, Historic Norcross, post office, and Library. Neely Farm is comprised of mostly custom homes a most established and desirable neighborhoods.

The outstanding local schools that serve are Peachtree Elementary, Pickneyville Middle, and Norcross High School.  The school buses make stops throughout the neighborhood.

Homes in Neely Farm are typically priced from the $500’s to a million  so there really are homes in a choice of price ranges for any Norcross or Gwinnett County home buyer.

CALL MARK LACKEY FOR UP TO DATE INFORMATION REGARDING HOMES FOR SALE IN NEELY FARM OR OTHER HOMES IN PEACHTREE CORNERS AT 404.886.8789

SEE AVAILABLE HOMES IN NEELY FARM:

  1. 5 beds, 5 baths
    Home size: 4,620 sq ft
    Lot size: 17,424 sqft
    Year built: 1988
    Days on market: 9
  2. 5 beds, 5 baths
    Home size: 4,620 sq ft
    Year built: 1988
    Broker reciprocity icon
  3. 4 beds, 5 baths
    Home size: 5,800 sq ft
    Year built: 1989
    Broker reciprocity icon
  4. 4 beds, 5 baths
    Home size: 7,130 sq ft
    Lot size: 16,988 sqft
    Year built: 1989
    Days on market: 32
  5. 5 beds, 7 baths
    Home size: 6,935 sq ft
    Lot size: 3.36 ac
    Year built: 1993
    Days on market: 81
  6. 5 beds, 7 baths
    Home size: 6,935 sq ft
    Year built: 1993
    Broker reciprocity icon
  7. 6 beds, 5 baths
    Home size: 5,301 sq ft
    Lot size: 22,215 sqft
    Year built: 1989
    Days on market: 150

See all Real Estate in the Neely Farm tract.
(all data current as of 12/17/2017)


FMLS Logo Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2017 FMLS.
Data last updated: 12/17/17 9:19 PM PST.

Walk Score provided by walkscore.com.

The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of GAMLS. All real estate listings are marked with the GAMLS Broker ReciprocitySM thumbnail logo and detailed information about them includes the name of the listing brokers.

The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

Copyright 2017 GAMLS. All rights reserved.

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Homes for Sale | Amberfield

Amberfield subdivision, Peachtree Corners GA.  is conveniently located in Gwinnett County near I-285 and Peachtree Industrial North. The neighborhood is only minutes away from fine shopping and dining at The Forum Shops

Peachtree Corners is very close to outstanding amenities like Chattahoochee Jones Bridge Park, Wesleyan Christian School, Historic Norcross, and West Gwinnett Aquatic Center. Amberfield is one of the prestigious Field’s Club Subdivisions built throughout Peachtree Corners more established and desirable neighborhoods.

The outstanding local schools that serve are Simpson Elementary, Pickneyville Middle and Norcross High School.  The school buses make stops throughout the neighborhood.

Homes in Amberfield are typically priced from the $400’s to $600’s, well constructed brick traditional styles the yards reflect pride of ownership and will be greatly appreciated by any Norcross or Gwinnett County home buyer.

CALL ROBIN LANESE FOR UP TO DATE INFORMATION REGARDING HOMES IN PEACHTREE CORNERS AT 678-231-1412.

SEE AVAILABLE HOMES IN AMBERFIELD:

  1. 6 beds, 5 baths
    Home size: 6,400 sq ft
    Broker reciprocity icon
  2. 5 beds, 4 baths
    Home size: 5,125 sq ft
    Lot size: 17,859 sqft
  3. 5 beds, 4 baths
    Home size: 3,447 sq ft
    Broker reciprocity icon
  4. 6 beds, 5 baths
    Home size: 5,190 sq ft
    Lot size: 12,632 sqft
  5. 6 beds, 5 baths
    Home size: 4,230 sq ft
    Broker reciprocity icon

See all Real Estate in the Amberfield tract.
(all data current as of 12/17/2017)


FMLS Logo Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2017 FMLS.
Data last updated: 12/17/17 9:19 PM PST.

Walk Score provided by walkscore.com.

The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of GAMLS. All real estate listings are marked with the GAMLS Broker ReciprocitySM thumbnail logo and detailed information about them includes the name of the listing brokers.

The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

Copyright 2017 GAMLS. All rights reserved.

GAMLS Logo