There are 3 blog entries for April 2011.
Thursday, April 7th, 2011 at 4:24pm. 707 Views, 2 Comments.
It seems every day now that I see signs of the economic recovery starting to take place and I am excited to report that the recovery seems to have started in Buckhead real estate. Anecdotaly, business has been booming and our clients have been thrilled to be able to take advantage of the incredible prices and interest rates available, but I now I have reliable statistics to report that indicate a rise in the market.
The noticable decline in inventory of available Buckhead homes has caused much greater competition among buyers. In fact, it has been 2+ years since I have seen the level of buyer competition that I am seeing today (see my February blog post about the market heating up).
As the chart below shows, there were 172 homes sold in Buckhead…
Monday, April 4th, 2011 at 12:39pm. 576 Views, 0 Comments.
759 single-family homes sold in Kennesaw during 2010. The average home in Kennesaw sold for $205,000 which was an average discount off of asking price of 6%. On average, these 759 Kennesaw homes were on the market for 85 days before selling.
This year, 154 homes sold in the first quarter in Kennesaw. The average asking price was $209,000 and the average selling price was $190,000. homes sold at 91% of the asking price and were on the market for 89 days. When we compare the first quarter of this year to the first quarter of 2010 we see that the number of homes sold in Kennesaw was nearly identical, but there has been a 7.4% decrease in the average sale price year-over-year.
What does this mean for a buyer who is interested in Kennesaw Real Estate?…
Saturday, April 2nd, 2011 at 1:27pm. 571 Views, 0 Comments.
For the first time in US History, a single family home sold this week for a record $100 million! While most of us will never purchase a home of this value, it's a good excuse to stop and dream a little.
So what exactly does $100 million buy? How about 25,500 square feet of luxury living space on 18 acres of perfectly manicured land overlooking the San Francisco Bay. Include a couple of swimming pools, a personal spa, your own ballroom and you are off to a good start. Below is a picture, courtesy of the Wall Street Journal.
Russian billionaire, Yuri Milner is the lucky new home owner and interestingly even he took out a mortgage to the tune of $50 million. Apparently, even billionaires think the interest rates are good right now.
Now back to…