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Blog

April 2009 Intown Market Survey

By KevinClemmons | April 9, 2009

The April 2009 ADAMS REALTORS Intown Market Survey had the following overall results:Average Sales Price fell from $433,471 in 2007-2008 to $381,786 in 2008-2009 a drop of 12%The Average Days on the Market increased by only one day from 76 to 77 or a 2% increase.The Total Number of Units Sold decreased from 1,959 last […]

March 2009 TriCities Survey

By KevinClemmons | March 28, 2009

The “Tri Cities” of College Park, East Point and Hapeville continued to lose value in our March 2009 report. The good news in these markets is that Number of Units Sold in both East Point and Hapeville remained stable. Here are the results from our March Intown Market Survey: College Park experienced an 11% decrease […]

March 2009 Survey-Avondale Estates, Decatur & Pine Lake

By KevinClemmons | March 26, 2009

The Central DeKalb cities of Avondale Estates and Decatur continued to experience a relatively strong residential real estate market. Pine Lake on the other hand continued to suffer price erosion. The City of Decatur markets of Glenwood Estates and Winnona Park continued to be strong performers while Oakhurst and Great Lakes continued to lag behind […]

Happy Anniversary

By KevinClemmons | March 24, 2009

Today is our 30th Anniversary!  Yep, we were officially incorporated in the State of Georgia on March 23, 1979.  We started in the middle of a “high interest rate” recession and lived through the real estate “depression” of the late 80’s and early 90’s.  We know the drill, having been there before, so the current […]

March 2009 Intown North Markets

By KevinClemmons | March 22, 2009

The Intown North markets continue to be some of the strongest markets, in terms of price, in our survey. With a couple of exceptions, these markets tended to have a decrease in the Average Number of Days on the Market-a good thing. Like most of the other Intown Atlanta markets, the Intown North markets had […]

March '09 Atlanta in DeKalb Market Survey

By KevinClemmons | March 21, 2009

The Lake Claire neighborhood was the only Atlanta in DeKalb market that experienced an increase in Average Sales Price over the last 12 months. Lake Claire was joined by Candler Park, Druid Hills and Edgewood as markets that had a lower Average Days on the Market. Kirkwood was the only market that showed an increase […]

Intown South-March 2009

By KevinClemmons | March 20, 2009

In March’s survey of the Intown South markets, Cabbagetown, Grant Park and Ormewood Park remained relatively stable. Reynoldstown continued to experience a steep decline in Average Sales Price while the number of Days on the Market and Number of Units Sold were in the normal range for that market. Here is a market by market […]

March 2009 Intown Market Survey

By KevinClemmons | March 17, 2009

The “overall” numbers for this month’s market survey are as follows: Average Sales Price dropped from $432,412last year to $393,395 this year a decrease of 9%. The Average Number of Days on the Market rose from 75 in 2007-8 to 79 2008-9 anincrease of 4%. The Total Number of Units Sold decreased from 1,955 in […]

March '09 Adams Intown Market Survey

By KevinClemmons | March 8, 2009

Our March Survey will be published tomorrow. We have added Ansley Park and the City of Hapeville to our list of markets surveyed to bring the total to 27 markets. We have also added a Sales Volume category. The Sales Volume is determined by multiplying the Average Sales Price times the Number of Units Sold […]

Tax Credit for First Time Home Buyers

By KevinClemmons | February 26, 2009

Here is a summary of the new residential tax credit from our favorite loan officer: § The amount of the available tax credit is the equivalent of 10% of the home’s purchase price – capped at $8,000 or $4,000 for married couples filing separately. § The tax credit applies only to first-time homebuyers purchasing a […]

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About Us

• As a native Atlantan who grew up in a house built by my grandparents in 1902 across the street from Grant Park, I have always loved the City’s downtown and historic intown neighborhoods. I went to school from the first grade through graduate school in downtown Atlanta.

As a child growing up in the 1950s and 1960s, I witnessed and mourned the decline of those wonderful old “close-in” neighborhoods and their business districts. By the time I was in my early 20s in the late ’60s, I had gotten involved in early intown revitalization efforts in Grant Park under the auspices of a program known as “Model Cities.” After a tour of duty in the Army and Graduate Business School at Georgia State University, I joined the forerunner of the Grant Park Neighborhood Association in late 1974. In the early 1970s most intown neighborhoods were “redlined” by banks and neglected by the local government. The neighborhood revitalization movement in Atlanta was in its infancy. Banks refused to make real estate loans in these “high-risk” neighborhoods. The level of city services was poor and to make matters worse, the city had rezoned many of these neighborhoods from single-family to multifamily residential in the 1950s.

I became a neighborhood activist in Grant Park and, along with others, helped to bring about one of the largest “down zonings” in City history, converting the area back to single-family/duplex zoning from apartment zoning. I was also a community representative and later President of the local Neighborhood Housing Services program, which helped local lenders understand the housing market in the City’s neighborhoods and helped end their practice of not making loans in these communities. I later served as a neighborhood association and Neighborhood Planning Unit (NPU) Chair as well as a board member of the civic groups working to restore the Cyclorama in Grant Park and historic Oakland Cemetery.

All these experiences have had a profound effect on me and the company that I founded in 1979. I had a commercial real estate background but came to realize that strong neighborhoods are vital to a city’s quality of life and its commercial core. Adams Commercial’s approach to real estate has always reflected the values of neighborhood activism. Our transactions involve people, not just numbers. We are in the problem solving and information business. After more than 40 years of service, our goal is to complete our client’s purchase or investment while at the same time adding value to the community through that transaction.

I hope that you find our website to be a helpful tool whether you are planning to buy, sell or are trying to get a good feel for the state of the commercial real estate market in Atlanta. If you have any questions or comments, please e-mail me at wtadams@adamscre.com. If you have an interest in commercial real estate, please visit our Adams Commercial Real Estate Website at adamscre.com.

Thanks,

Bill Adams, MBA, CCIM, ALC, CRB
President
ADAMS COMMERCIAL REAL ESTATE
Atlanta, GA

Our Core Values: Success, Integrity, Wisdom, Dependability, Community

At Adams Commercial we define SUCCESS when our clients get up from their closing with a smile. To accomplish this,  we start by putting the needs of our clients first, which to us is the essence of INTEGRITY. We bring the collective WISDOM of our agents to every real estate deal … wisdom that comes only from the company’s years of business experience and expertise in intown markets. Whether it is showing up at the appointed time or making sure all details are noted and deadlines met, we believe DEPENDABILITY is also an essential ingredient of a successful real estate transaction. We believe that your successful purchase or sale adds value to COMMUNITY. And we are proud to play a role in building and sustaining a thriving community.

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lauren@adamscre.com
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