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It's Labor Day Weekend, Check Out What's Going on in Atlanta

Greetings neighbors,

Well, it's another gorgeous holiday weekend for our enjoyment. For those who want to get out and enjoy the city take a look at a few events we've found to do.

Chocolate: Seed to Sweet

Come and experience the world of chocolate @ Atlanta Botanical Garden -1345 Piedmont Ave. NE, Atlanta, GA, 30309, (404) 876-5859. Time: 9am - 7pm. Price: $15.

Dragoncon 2010 Art Show

This is an event for the art lovers around town @ Hyatt Regency Atlanta - 265 Peachtree St. NE, Atlanta, GA, 30303, (404) 577-1234. Come out and purchase great works exhibited. Time:10am

Atlanta International Music Festival

Come and enjoy this tribute to international music legends @ Underground Atlanta -50 Alabama St. SW, Suite 007, Atlanta, GA, 30303, (404) 523-2311. Time: 12pm - 10pm, Price: Free

Georgia Tech Vs. South Carolina State

This is sure to be an exciting game as the Yellow Jackets take on the Bulldogs @ Bobby Dodd Stadium at Historic Grant Hill - 142 North Ave. NW, Atlanta, GA, 30332, (404) 894-5447‎. Time: 1pm

Kick Off Classic: North Carolina vs. LSU Football

Watch these teams go head to head @ the Georgia Dome - One Georgia Dome Dr. NW, Atlanta, GA, 30313, (404) 223-9200. Time: 8pm, Price: $44-$259.

Goapele Live in Concert

Come and experience the sultry sounds of soul and R&B singer/songwriter Goapele @ The Loft at the CW Music Complex - 1374 West Peachtree Street, Atlanta, GA, 30309. Time: 8pm, Price: $30/$45 VIP.

Mortgage Rates Continue to Decline Marking the 11th Consecutive Week

Greetings neighbors,

Continuing to follow the record low trend; 30-year FRM's hit another low for the 11th week in a row according to the Primary Mortgage Market Survey produced by Freddie Mac.

For the week ending Sept. 2nd, the 30-year FRM came in at 4.32% with an average origination point of 0.7 which is down from the previous week's average of 4.36% and last year's average of 5.08% at this time.

As for the 15-year FRM, there was a record low of 3.83% and an average origination point of 0.6. This number was also down from last week's average of 3.86% as well as last year's average of 4.54%.

This week's 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) came in with an average of 3.54% with an average 0.6 point in comparison to last week's average of 3.56% and last year's average of 4.59%.

Lastly, the 1-year Treasury Indexed ARM came in at 3.50% with an average 0.7 point. This averaged also proved to be less than last week's average of 3.52% and last year's average of 4.62% at this time.

Wonderful Sale Opportunity @ 580 Oak Landing

Hello neighbors,

Here we have a lovely traditional styled stucco home located at 580 Oak Landing in Alpharetta.

You and your family are guaranteed to love this 4 bedroom, 2.5 bath with features such as: hardwood flooring, trey ceilings, wall to wall carpet, fireplace, and walk-in closets!

Other notable features of this home include dishwasher in the kitchen as well as a breakfast room.

You will surely appreciate this home's separate dining and living room as well as a large family room, and bedrooms constructed on a split bedroom plan. In addition, you will find a double vanity, separate tub/shower, and garden tub in the master bath.

For the home's exterior features you will find a two car garage and lovely deck!

Act fast, short sale opportunity, view pictures here!

Lovely Traditional Home Waiting for You @ 10905 Wittenridge

Greetings neighbors,

We have a wonderful home for you and your family to check out at 10905 Wittenridge in Alpharetta. This 3 bedroom, 2.5 bath home is just minutes from Northpoint Mall and a plethora of restaurants!

You will appreciate the home's updated designer paint and Faux hardwood floors through the entry and kitchen. In addition, the open floor plan is great for an eat-in kitchen or dining area leading into the formal living area! Other notable features and appliances of the home's kitchen include the view to the family room, dishwasher, electric oven/range, and patio!

The new owner/owners of this wonderful home will also appreciate nice sized bedrooms that are constructed on a roommate styled floor plan.  Also you will simply love the master bath with features such as a double vanity, garden tub, and separate shower/bath!

Other features of this lovely traditional home include: ceiling fans, thermal paned windows, fireplace, 9 ft ceilings, and 2-story foyer!

For the exterior features of the home you will find a level driveway, 1 car garage, and professional landscaping. As for amenities within the community you and your family are sure to enjoy the playground area and swimming pool!

View pictures here!

Freddie Reports Mortgage Rates Produce Record Lows Yet Again

Hello neighbors,

As for this week's mortgage rates, according to Freddie Mac, the 30-year fixed rate mortgage fell yet again creating record lows for the week ending today producing an average 4.36% with an average point of 0.7. Last week, the average rate for the 30-year fixed rate mortgage came in at 4.42%.

The 15-year fixed rate mortgage produced an average of 3.86% and average 0.6 point, which was also down from the previous week's average of 3.90%.

In addition, Freddie Mac reported an average 3.56% and average 0.6 point for the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) this week. This number is unchanged from last week's average.

Lastly, the 1-year Treasury-indexed ARM produced a weekly average of 3.52% with an average 0.7 point. This number showed a slight decrease from last week's average of 3.53%.

Saturday Open House in sought-after Sagamore Hills!

This Saturday from 1 - 3 p.m., The Zac Team will hold open 2145 Pine Forest Drive in Sagamore Hills. Situated at the top of a hill, this a-typical mid-century classic is so much more than you would expect!

saturday open house for 2145 Pine Forest Drive in Atlanta by the Zac Team at Pocne Realty

This 3 bedroom, 2 bath home features a large open floor plan...

saturday open house for 2145 Pine Forest Drive in Atlanta by the Zac Team at Pocne Realty

...with an open kitchen leading to a large den and sun room.

saturday open house for 2145 Pine Forest Drive in Atlanta by the Zac Team at Pocne Realty

Huge enclosed sun room overlooking your own private backyard!

saturday open house for 2145 Pine Forest Drive in Atlanta by the Zac Team at Pocne Realty

Gigantic full basement with interior access that gives you twice as much space. Beautiful Sagamore Hills street makes this a great family home convenient to everything.

saturday open house for 2145 Pine Forest Drive in Atlanta by the Zac Team at Pocne Realty

California-style ranch home open for Sunday Open House on August 29th!

Atlanta home buyers, mark your calendar for this Sunday, August 29th for an open house from 3 - 5 p.m. at 2102 Lenox Road! This California ranch in Moringside has lovely touches, such as knotty pine cathedral ceilings!

Atlanta Sunday open house at 2102 Lenox Road, homes for sale in Morningside Atlanta GA by The Zac Team at Ponce Realty

Great location compliments this 3 bed, 1.5 bath California style ranch home!

Atlanta Sunday open house at 2102 Lenox Road, homes for sale in Morningside Atlanta GA by The Zac Team at Ponce Realty

Beautiful knotty pine cathedral ceilings & beams add a rustic, warm feel to this home.

Atlanta Sunday open house at 2102 Lenox Road, homes for sale in Morningside Atlanta GA by The Zac Team at Ponce Realty

The open floor plan is perfect for entertaining.
Large floor to ceiling windows provide views to a patio and parklike private backyard featuring mature azalea bushes and trees throughout.

Atlanta Sunday open house at 2102 Lenox Road, homes for sale in Morningside Atlanta GA by The Zac Team at Ponce RealtyAtlanta Sunday open house at 2102 Lenox Road, homes for sale in Morningside Atlanta GA by The Zac Team at Ponce Realty

All appliances included! The kitchen, with breakfast bar, and den both overlook your spacious family room with brick hearth and fireplace. Paved sidewalks make an easy walk to the nearby Marta stop or to the city park and conservation areas. Ample storage space through home, plus attic and basement.

Atlanta Sunday open house at 2102 Lenox Road, homes for sale in Morningside Atlanta GA by The Zac Team at Ponce RealtyAtlanta Sunday open house at 2102 Lenox Road, homes for sale in Morningside Atlanta GA by The Zac Team at Ponce Realty

Atlanta Housing & Real Estate Market Statistics for July 2010

Get your Atlanta housing market statistics! Direct from the First Multiple Listing Service, these numbers are published by Smart Numbers with extensive research and statistics on the Atlanta market. Here, we break down the most significant real estate numbers and put it into a quick reference format to share with our sellers and fellow agents.

The compilation shows July 2010 market statistics versus July 2009 numbers. Enjoy and please feel free to give us a call if you have any questions! And scroll down for links to a year's worth of past statistics! Our office # is 404.564.7200.

Units Closed
2010 2009
Single Family:
3,311 4,684
Condos/Townhomes: 576 725
Total: 3,887 5,409
(28.1% decline)    
     
 New Listings
 
Single Family:
8,896 9,200
Condos/Townhomes: 1,771 1,769 
Total: 10,667
10,969 
 (2.8% decline)
   
     
Withdrawn    
Single Family: 1,681 1,764 
Condos/Townhomes: 283  332 
Total: 1,964  2,096 
(6.3% decline)
   
     
Expired    
Single Family: 3,874  3,997 
Condos/Townhomes: 925  866 
Total: 4,799  4,863 
(1.3% decline)     
     
Current Inventory    
Single Family: 39,500  41,898 
Condos/Townhomes: 8,385  9,297 
Total: 47,885  51,195 
(6.7% decline)     
     
Sales Price / List Price     
Single Family:  93.6% 94% 
Condos/Townhomes:
95.3%  94.8% 
     
Average Days on Market     
Single Family:
101.7  150 
Condos/Townhomes: 108.1  131.2 
     
Inventory     
Single Family: 9.4 months  11.35 months 
Condos/Townhomes: 11.25 months  18.4 months 

                   
Click here for the May 2010 report!
Click here for the April 2010 report!
Click here for the February 2010 report!
Click here
for the January 2010 report!
Click here
for the December 2009 report!
C
lick here for the November 2009 report!
Click here
for the October 2009 report!
Click here
for the September 2009 report!
Click here
for the August 2009 report!

Want more stats?
We can email you monthly reports on current listings and the last six months of sales for the following areas. Just click below for the neighborhood or condo building that you're interested in!

Click here for Atlanta’s fabulous intown neighborhoods!
(including Morningside, Virginia Highland, Candler Park, and Lake Claire real estate)
Click here for Atlanta’s Midtown condo scene!
(including 12 Atlantic Station, Plaza Midtown, Metropolis, Spire, Mayfair, and 905 Juniper mid-rise and high rise condos)

U.S. Housing Still Affordable for the Sixth Month in a Row

Greetings neighbors,

Wondering if buying a home in the U.S. is still affordable? According to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), the answer to that question is yes. The index shows home affordability around the country is at its highest level for the 6th month in a row.

Out of the total number of all new and existing homes that were sold during the 2nd quarter of 2010, the HOI reported that 72.3% were affordable to U.S. families making at least $64,000 which is the national median income.

In addition, the 2nd quarter of 2010 proved to be slightly more affordable when compared to the previous quarter.

As for the most affordable area in the country during the 2nd quarter, Syracuse, NY came in at the top of the list for the most affordable with 97.2% of the area's homes affordable to U.S. families making $64,300.

Other major metro markets among the most affordable include: Detroit-Livonia-Dearborn, Mich.; Youngstown-Warren-Boardman, Ohio-Pa.; and Buffalo-Niagara Falls, N.Y.

On the flip side, the least affordable major markets noted on the HOI included: San Francisco-San Mateo-Redwood City; Santa Ana-Anaheim-Irvine, Calif.; Los Angeles-Long Beach-Glendale, Calif.; and Honolulu.

 

 

Adorable Home Waiting for New Owners @ 240 Willisford in Alpharetta

Greetings neighbors,

Take a look at this adorable, 3 bedroom, 2.5 bath home located at 240 Willisford in Alpharetta. This colonial styled/brick home is perfect for a new family!

With features such as hardwood flooring throughout and 9ft ceilings, you and your family will take pride in calling this place your home.

The kitchen of this lovely structure will be more than one could ask for including appliances such as electric range/oven and dishwasher. In addition, you will appreciate the breakfast area, breakfast bar, cabinets, pantry, and stone counter tops.

You and your family are sure to enjoy the homes family room, separate living room, as well as the separate dining room which is perfect for family dinners and gatherings!

As for the home's exterior features you will find a 1 car garage for your parking convenience as well as professional landscaping and street lights.

If you and your family have been searching for the right home at the right price then look no further.

View pictures here!

• Facing foreclosure? There are options! Please visit www.SavingFamiliesFromForeclosures.com for a personal consultation

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