February 2012
11 posts
8 tags
Lawrenceville, GA Market Report, January 2012
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Market stats for Lawrenceville, GA, January, 2012, indicate that there were 1151 properties on the market. Overall, there was about a 4.9 month supply of properties. In 2011, sales for January were at 148, so 213 sales was a excellent increase, year over...
6 tags
Wayback Wednesday... Great Schools = Great Tool
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Last year I had a quick little post about one of the tools that is easily available to everyone… for free. And we like free tools. Since I posted that, we’ve moved. And just like I counsel prospective buyers, we spent a LOT of time looking through...
9 tags
Buford, GA, Market Report, January 2012
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Market stats for Buford, GA, January, 2012 indicate that there were 417 properties on the market. Overall, there was about an 7.0 month supply of properties (Absorption Rate or A/R). There were 52 sales for January, way down from 83 last month but strikingly up...
9 tags
Sugar Hill, GA, Market Report, January 2012
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Market stats for Sugar Hill, GA , January, 2012 indicates that there are 159 homes on the market. Overall, there is about an 5.9 month supply. There were 20 sales, compared to 31 last month and 15 last January. The Absorption Rate (AR) increase, largely due...
13 tags
Wayback Wednesday... Why Hyperlocal Matters in the...
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Last year I was writing about why the only REAL important market report in real estate is a VERY local market report. It’s all fine and dandy to hear the talking heads on (insert your favorite national news network), but national averages mean nothing on...
9 tags
Lilburn, GA Market Report, January 2012
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Market stats for Lilburn, GA, January, 2012, indicates that there were 360 properties on the market (as of January 30th). Overall, there was about an 7.7 month supply of properties and 46 properties that closed (sold) in January. It was an increase from...
8 tags
Suwanee, GA, Market Report, January 2012
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Market stats for Suwanee, GA, January, 2012 indicate that there are 440 properties on the market (down from 468 last month). Overall, there is about an 7.9 month supply of properties (up from 6.7 last month). January had 40 sales. Compared to January, 2011 (35),...
8 tags
Wayback Wednesday... a 3fer, Cheap Ways to Prep...
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Normally, each week I pull a post from the past to highlight again. This week, I’m pulling three of them. They were all part of a series I did on Cheap Tips…
Cheap Tips #1⦠Getting Ready to Sell
Cheap Tips #2⦠Tip-Top Shape in 5 Steps
Cheap...
9 tags
Norcross, GA, Market Report, December 2011
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Market stats for Norcross GA, December, 2011 indicate that there were 248 properties on the market. Overall, there is about a 4.6 month supply of properties. This year has been very strong so far… although April and May weren’t that strong (April was...
8 tags
Duluth, GA, Market Report, December 2011
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Preliminary stats for Duluth, December, 2011 indicated that there were 445 properties on the market. Overall, there is about an 7.9 month supply of properties. Sales in December were 57, slightly down from 66 a year earlier. But, sales were slightly up...
7 tags
Wayback Wednesday... Long Distance Listing (or...
A couple of years ago I was dealing with this situation… actually cleaning up after it.
I had a client that had an offer on their house with an out of town agent (the agent was the buyer’s niece). She was very nice, but she couldn’t be there for any of the 6 inspections we had, nor could she be there for the closing. In effect, her clients were largely unrepresented in the...
January 2012
12 posts
9 tags
Buford, GA, Market Report, December 2011
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Market stats for Buford, GA, December, 2011 indicate that there were 434 properties on the market. Overall, there was about an 6.4 month supply of properties (Absorption Rate or A/R). There were 83 sales for December, way up from 44 last month and even up from...
7 tags
Wayback Wednesday... The Bigger Price Myth
This is one of those things that I hear about all of the time. I face it all too often. I go on listing appointments and either an agent before me, or one that comes later “buys the listing”. Of course, not literally, but figuratively.
They tell the seller what the seller wants to hear… regardless of reality. They tell the seller that they will sell the house for more...
9 tags
Sugar Hill, GA, Market Report, December 2011
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Market stats for Sugar Hill, GA , December, 2011 indicates that there are 158 homes on the market. Overall, there is about an 5.0 month supply. There were 31 sales, compared to 34 last month and 28 last December. The Absorption Rate (AR) dropped, but that is...
9 tags
Lilburn, GA Market Report, December 2011
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Market stats for Lilburn, GA, December, 2011, indicates that there were 380 properties on the market (as of December 31st). Overall, there was about an 7.4 month supply of properties and 54 properties that closed (sold) in December. It was an increase from...
11 tags
Wayback Wednesday... Over-Pricing and...
If there were two issues I’d have to put at the very top of my question pile, there would be the ones…Â In the original post, I started with the Sellers… so we’ll start with the Buyers this time.
Buyers want a great deal. We all understand that, and as a real estate agent, I’m supportive. Even the Sellers get it. But there are two problems. The first one I...
9 tags
Suwanee, GA, Market Report, December 2011
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Market stats for Suwanee, GA, December, 2011 indicate that there are 468 properties on the market (down from 502 last month). Overall, there is about an 6.7 month supply of properties (down from 7.0 last month). December had 74 sales. Compared to 2010 (46),...
9 tags
Norcross, GA, Market Report, November 2011
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Market stats for Norcross GA, November, 2011 indicate that there were 268 properties on the market. Overall, there is about a 5.1 month supply of properties. This year has been very strong so far… although April and May weren’t that strong (April was...
3 tags
Wayback Wednesday... Winter Driving
Just last year we had a long and snowy winter break (kids home from school and many people unable to get to work….). And while for many it meant just bundling up and staying indoors, for many others, that wasn’t an option.
As mentioned in the original post, I grew up in Michigan and Minnesota… and have spent a fair amount of time driving in snow. That does NOT mean that I...
9 tags
Duluth, GA, Market Report, November 2011
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Preliminary stats for Duluth, November, 2011 indicated that there were 439 properties on the market. Overall, there is about an 7.4 month supply of properties. Sales in November were 51, slightly down from 54 a year earlier. But, sales were slightly down...
9 tags
Lawrenceville, GA Market Report, November 2011
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Market stats for Lawrenceville, GA, November, 2011, indicate that there were 1288 properties on the market. Overall, there was about a 5.2 month supply of properties. In 2010, sales for November were at 153, so 233 sales was a rocking increase, year over...
17 tags
Wayback Wednesday... How Were My Prognostications?
Last year I wrote one of those “wonderful” annual prognostication posts with my guesses on what we would be looking at during the same time next year… and that would be now.
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Here is a link to the old post. I’ll have the quick...
8 tags
Buford, GA, Market Report, November 2011
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Market stats for Buford, GA, November, 2011 indicate that there were 480 properties on the market. Overall, there was about an 7.2 month supply of properties (Absorption Rate or A/R). There were 44 sales for October, way down from 77 last month and dead on the...
December 2011
13 posts
8 tags
Sugar Hill, GA, Market Report, November 2011
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Market stats for Sugar Hill, GA , November, 2011 indicates that there are 173 homes on the market. Overall, there is about an 5.3 month supply. There were 34 sales, compared to 18 last month and 15 last November. The Absorption Rate (AR) actually increased,...
5 tags
Wayback Wednesday... The Dad Seminar.
Let me start by saying Thank You to my Dad. I miss him just about every day, and I had NO idea how much he did, hid, put up with and shouldered… without ever saying a word.
Last year I wrote a post about our last trip to Disney World… specifically about the “rolling dad Seminar” that I was able to engage in.
“Rolling Dad Seminar, you say?”
You have to check...
8 tags
Lilburn, GA Market Report, November 2011
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Market stats for Lilburn, GA, November, 2011, indicates that there were 398 properties on the market (as of November 30th). Overall, there was about an 8.2 month supply of properties and 41 properties that closed (sold) in November. It was an increase from...
9 tags
Suwanee, GA, Market Report, November 2011
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Market stats for Suwanee, GA, November, 2011 indicate that there are 502 properties on the market (down from 579 last month). Overall, there is about an 7.0 month supply of properties (up from 6.6 last month). November had 53 sales. Compared to 2010 (48), that...
6 tags
Wayback Wednesday... A Gift That KEEPS On...
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This is the time of year when everyone is thinking about gifts. Some are buying, others are thinking about what they might be getting. Some may be doing some of both. There are lots of types of gifts. The first thing that many of us default to are the big...
9 tags
Norcross, GA, Market Report, October 2011
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Market stats for Norcross GA, October, 2011 indicate that there were 288 properties on the market. Overall, there is about a 4.9 month supply of properties. This year has been very strong so far… although April and May weren’t that strong (April was...
9 tags
Buford, GA, Market Report, October 2011
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Market stats for Buford, GA, October, 2011 indicate that there were 497 properties on the market. Overall, there was about an 6.5 month supply of properties (Absorption Rate or A/R). There were 77 sales for October, down slightly from 79 last month and up a good...
19 tags
Wayback Wednesday... Zestimate Accuracy in...
You just have to love Zillow’s Zestimates. Log in and look… poof… there is the Zestmate for your home. Couldn’t be easier. It’s almost too easy. OK, it IS too easy. And while I love the Zestimate just as much as everyone else, I also know that the chances of it being right are pretty slim.
I don’t want to slam Zestimates, though. They actually ARE quite...
9 tags
Sugar Hill, GA, Market Report, October 2011
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Market stats for Sugar Hill, GA , October, 2011 indicates that there are 169 homes on the market. Overall, there is about an 5.0 month supply. There were 18 sales, compared to 27 last month and 20 last October. The Absorption Rate (AR) dropped, but that is...
8 tags
Suwanee, GA, Market Report, October 2011
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Market stats for Suwanee, GA, October, 2011 indicate that there are 539 properties on the market (down from 579 last month). Overall, there is about an 6.6 month supply of properties (down from 6.7 last month). October had 83 sales. Compared to 2010 (58), that...
8 tags
Wayback Wednesday... Absorption Rate, What Is It?
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A couple of years ago I wrote a post describing what Absorption Rate meant. I use it as a primary tool on my monthly market reports, so it is a pretty important term to understand.
The fun part was that I used frozen pizza to illustrate the point…Â It...
9 tags
Duluth, GA, Market Report, October 2011
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Preliminary stats for Duluth, September, 2011 indicated that there were 444 properties on the market. Overall, there is about an 6.2 month supply of properties. Sales in September were 62, slightly up from 60 a year earlier. But, sales were slightly down...
9 tags
Lawrenceville, GA Market Report, October 2011
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Market stats for Lawrenceville, GA, October, 2011, indicate that there were 1346 properties on the market. Overall, there was about a 5.2 month supply of properties. In 2010, sales for October were at 154, so 263 sales was a pretty good increase, year over...
November 2011
11 posts
5 tags
Wayback Wednesday... Custom v Catalog v Mass...
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Last year I wrote a post about various ways to design a home. Not in the “pen to paper” way, but rather in the conceptual way. Homes can generally be characterized in one of three ways.
Custom - Built one at a time, all on site. They might not be...
9 tags
Lilburn, GA Market Report, October 2011
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Market stats for Lilburn, GA, October, 2011, indicates that there were 427 properties on the market (as of October 31st). Overall, there was about an 8.4 month supply of properties and 60 properties that closed (sold) in October. It was an increase from last...
3 tags
Wayback Wednesday... Happy Thanksgiving, Don't...
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Thanksgiving is tomorrow. I know that it can be a tough day with a lot of stress… Will the meal be perfect? Will everyone get along? Will my team win?
As I said last year, just enjoy the time… Don’t stress. Half of the stuff we are going to...
10 tags
What Can "Fix" Housing?
There are still a few politicians, and a lot of real estate professionals talking about the government “fixing” the real estate market. But the question is…
Is there a way or a role for the government to fix the housing market?
We’ve seen a substantial tax credit for purchasing a home, both for first time buyers and for existing (hopefully) move-up buyers. And...
7 tags
Wayback Wednesday... REOs and Credit Pulls
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Two years ago I wrote about this… On many Foreclosure and Short Sale properties, sellers are requiring buyers to qualify with a specified lender… sometimes even the lending branch of the seller.
It doesn’t seem to be that big of a...
4 tags
Selling a Home During the Holidays?
I’m asked this question every year… multiple times…
Should I put my home on the market during the Holiday Season?
Generally, the person asking the question has found out that they need to move and they are wondering if they should put their home on the market now or if they should wait until the New Year.
As much as I want it to be a simple answer, there are a few things that...
8 tags
Norcross, GA, Market Report, September 2011
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Market stats for Norcross GA, September, 2011 indicate that there were 305 properties on the market. Overall, there is about a 5.6 month supply of properties. This year has been very strong so far… although April and May weren’t that strong (April was...
8 tags
Wayback Wednesday... Smooth Sailing After...
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Maybe… maybe not. Last year I had a pretty good post (if I do say so myself) about issues that can arise between Contract and Closing in a real estate transaction.
I wish it weren’t the case… but it is. There are a lot of reasons that a sale...
9 tags
Buford, GA, Market Report, September 2011
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Market stats for Buford, GA, September, 2011 indicate that there were 506 properties on the market. Overall, there was about an 6.6 month supply of properties (Absorption Rate or A/R). There were 79 sales for August, up slightly from 75 last month and up...
10 tags
Sugar Hill, GA, Market Report, September 2011
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Market stats for Sugar Hill, GA , September, 2011 indicates that there are 199 homes on the market. Overall, there is about an 5.8 month supply. There were 27 sales, compared to 33 last month and 17 last September. The Absorption Rate (AR) dropped, but that is...
17 tags
Wayback Wednesday... Median Home Prices
Three years ago I wrote about a quiet little map that the NAR (National Association of REALTORSS®) had built (and they’re still populating with data) showing the median home prices of various metro areas around the country. It is pretty interesting to see median prices around the country and compare them with the prices here (or where you live).
View Metropolitan Sales Areas Q1 2011...
October 2011
12 posts
3 tags
The Scariest Day of the Year in Atlanta...
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Yep, it’s today. And while it IS because it’s Halloween, it has little to do with ghosts, goblins and spooky beings from the Netherworld. It has to do with the little people that many of us have living in our homes… and their candy gathering...
9 tags
Suwanee, GA, Market Report, September 2011
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Market stats for Suwanee, GA, September, 2011 indicate that there are 579 properties on the market (down from 593 last month). Overall, there is about an 6.7 month supply of properties (down from 7.3 last month). September had 79 sales. Compared to 2010 (55),...
8 tags
Wayback Wednesday... Mortgage Thoughts from Ken
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One of my Mortgage Guys, Ken Cook (not the Weather man), write a LOT about mortgages and the best ways to get the best deal and best chances of closing your loan on time and without drama… a LOT! He knows his stuff. And he has NEVER delayed a closing...