Displaying blog entries 1-10 of 253
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.
| New Listings
| (2.8% decline)
|Sales Price / List Price|
|Average Days on Market|
|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!
Click 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)
Brief overview of metro Atlanta Housing
Recent reports from the National Association of Realtors showed an increase in pricing on existing single-family housing in metro Atlanta to $124,900 last month.
This number showed a 3% increase in comparison to April 2010's median sales price of $120,800. In comparison to a year ago, May 2009's median sales price was $121,000 in metro Atlanta.
In addition, the number of metro Atlanta homes sold also showed an increase of 9.3% in comparison to May 2009.
In a recent report released by the Federal Housing Finance Agency (FHFA), the average mortgage rate for conventional mortgages showed no change during the month of May. According to the report, the average interest rate for a 30-year fixed-rate purchase mortgage with a principal of $417,000 or less was 5.12%.
As for the 15-year fixed-rate purchase mortgages of $417,000 or less there was a rate of 4.58% which showed an increase from April's number of 4.52%.
For all mortgage types (fixed and adjustable rate mortgages) the report showed a rate of 4.99% during last month which was a decrease from 5.02% the previous month.
In addition, FHFA reported that the initial fees and charges of loan balances were 0.72% last month. This number was an increase from April's .063%.
The report also measured the average term for loans which showed 27.5 years for the month of May. This number is down from the previous month's number of 27.6 years. 74.1% was the average loan to value ratio last month which was a decrease of 0.2% from April's 74.3%.
According to recent reports from the Treasury Department, servicers participating with the Home Affordable Modification Program (HAMP) handled a total of 340,459 permanent modifications through May 2010 since the launching of the program last March. This number is up from the total number of permanent modifications through April of 2010 which were 299,092.
For borrowers to officially receive permanent modifications a total of three payments must be paid on time during the trial period and all documentation must be submitted.
Last month, servicers transformed a total of 47,724 trial modifications into permanent status. This number was actually a 30.1% decrease from April's number of 68,291. In addition, the month of May consisted of a total of 6,357 canceled permanent modifications with 124 mortgages being paid off.
Set to expire towards the end of 2012, the Obama Administration set an early goal for HAMP to provide aid to approximately 3-4 million borrowers before its expiration. Within the past 14 months servicers have reached over 10% of that number.
According to recent numbers, mortgage rates dropped to an all time low last Friday. 30-year fixed mortgage rates are now at 4.375% with a 1 point origination which was a decrease from 4.5%. In addition, the 15-year fixed rate dropped from 4% to 3.875%, marking the lowest numbers ever.
The most recent decline in mortgage rates can be credited to a major increase in mortgage-backed security or MBS prices last Friday.
In addition to the FRM's, jumbo mortgage rates also experienced a decline with the 30-year fixed jumbo loan rate for true jumbo loans exceeding conforming "high balance" county loan limits coming in at 5.375% according to a recent write up in Realty Times.
Other rates are as follows: 5/1 ARM rate - 3.500% FHA 30-yr fixed-rate - 4.375% FHA 15-yr fixed-rate - 3.875% FHA 5/1 ARM rate - 3.500% VA 30-yr fixed-rate - 4.625% Jumbo 30-yr fixed-rate - 5.375% Jumbo Conforming 30-yr fixed-rate - 4.625%.
You are guaranteed to enjoy this nearly new, traditional, two story home in East Atlanta. This gorgeous 5 bedroom, 3.5 bath is just walking distance to East Atlanta Village!
You will love features such as a vaulted great room, stack stone fireplace, formal dining room, hardwood floors, and wiring for surround sound!
In addition, you will find the modern kitchen to be a cook's dream with breakfast bar, Corian counters, tile back-splash, recessed lighting, and sunny breakfast nook in bay windows!
You will also enjoy the main-level's master suite and bath with tray ceiling, separate shower and tub, and dual vanities!
You will also find a great bonus space on the second floor as well as a fully finished basement with additional living space with tile and carpet flooring, full bedroom suite, additional room, and separate patio!
For your exterior enjoyment you will find a wraparound deck overlooking the manicured and wooded back yard, two-car garage, and private cul-de-sac.
For more information and the most current price of this home, please call our 24-hour hotline for free, recorded information at 1.888.510.1884 and enter code 2354.
Areas we serve: Decatur Georgia, Buckhead Atlanta Georgia, DeKalb County, Fulton County, Avondale Estates, Ansley Park, Virginia Highland, Poncey-Highland, Poncey Highland, Morningside, Candler Park, Grant Park, Lake Claire, Druid Hills, Emory, Inman Park, Downtown Atlanta, Midtown Atlanta, Little Five Points, Edgewood, Cabbagetown, Reynoldstown, East Atlanta, Kirkwood, Oakhurst, Medlock, Fernbank, Castleberry Hill, East Lake, Georgia Tech, Georgia State, Atlanta lofts, Atlanta condos, Atlanta luxury condos, Atlanta townhouses.
Southern homeowners are very optimistic and confident in regards to their home's worth. However, one major question is, how close to reality are these homeowners?
According to Zillow's Q1 Homeowner Confidence Survey, 34% of Southern homeowners said their home's gained some type of value over the past year. However, the actual number for homes gaining value came in at 27%.
In addition, when asked about the decrease of value, 46% of Southern homeowners believed there was a decrease. In actuality that total number came in at 69%.
In comparison to numbers presented in the fourth quarter, 49% of homeowners in the South believed there was a decrease in home value when there was actually a 64% decrease in home values in the south.
As for future predictions, 18% of Southern homeowners expect the value of their home's to decrease in the next six months, 41% expect their home's value to stay the same, and 42% of Southern homeowners expect a rise in home value.
Take a look at our latest project here at the Zac Team, Google My Maps! Are you new to the metro Atlanta area or know someone who is new to the area? Or maybe you're not new but just need a list of things to do, well the Zac Team's Google My Maps is exactly what you need to get a feel of the city.
Often called the "New York of the South", there's a great deal of events, restaurants, sporting events, and etc for you and your family to check out!
With beautiful sunny days in this beautiful city why not get out and enjoy what Atlanta has to offer?
Check these out!