Happy Anniversary
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
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
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
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
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
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
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 […]
February's Market Survey-College Park & East Point
Adams Realtors Intown Market Survey for February continued the story of the “Tale of Two Cities” when studying the markets of College Park and East Point. The City of College Park experienced a 5% drop in Average Sales Price from $221,273 in ’07-’08 to $209,301 in ’08-’09. Average Days on the Market in College Park […]
February's Survey-Avondale Estates, Decatur & Pine Lake
Avondale Estates and the City of Decatur continue to have mostly positive news in this month’s survey while Pine Lake’s market continues to have price deterioration. Two of the 4 City of Decatur neighborhoods that we examined were positive and two were negative. Avondale Estates had a 1% decrease in Average Sales Price from a […]
February's Intown North Market Survey
In our February year over year survey we compared the 12 months from February 2007-January 2008 to the 12 months from February 2008-January 2009. All of the submarkets, except one, continued to lose value, although some at a lesser rate. In most of these neighborhoods, the Average Days on the Market was more than last […]