August 2011 
There are 4 blog entries for August 2011.
Buckhead Real Estate Market Update
Wednesday, August 31st, 2011 at 3:00pm. 558 Views, 0 Comments.
In the first six months of this year, the Buckhead real estate market showed significant strength. Average sale prices on homes in Buckhead were up 8.9% over 2010 to $853,000.
Inventory has been lower this year than in recent years and 381 homes sold in Buckhead during the first half, half a dozen fewer homes during the same period in 2010. Fantastic deals are still available, but my buyers have had to be faster to react and more aggressive in order to stay ahead of the market.
Over the last few months, interest rates have hit all-time lows (again) and I expect this to be a boost to home sales through the end of this year. Give me a call to discuss your particular needs and take advantage of this market while it lasts!
Mortgage Rates and Interest Payments are Falling
Wednesday, August 24th, 2011 at 4:17pm. 531 Views, 0 Comments.
Amid the volatile stock market, economic gridlock in Washington and stagnant home sales, mortgage rates have continued to fall and save buyers thousands of dollars in interest.
Below is a chart showing how mortgage rates in 2011 have continued to drop for 30-year and 15-year fixed mortgages. Data is courtesy of www.FreddieMac.com
So, how does this translate into real numbers for your budget? Consider this, an average home buyer who purchases a $250,000 home today will save nearly $50,000 in interest payments on a 30 year mortgage versus a buyer who bought the same house in February for the same price.
Mortgage rates in February were about 5.05% and mortgage rates today are about 4.15%. A buyer who makes a 3.5% down payment will save…
August Real Estate News
Wednesday, August 3rd, 2011 at 2:20pm. 627 Views, 0 Comments.
We are now past the mid-point for 2011 and the most expensive property Atlanta has seen in recent years just sold. And while most of the sales numbers are down from last year, single family home sales have actually increased substantially in Vinings. Amid talks of a debt crisis in Washington, interest rates have remained low for now. It’s still a buyer’s market.
Atlanta’s Most Expensive Home – SOLD (Actually 30 min North of Atlanta)
With more than 72 acres of manicured lawns, over 30,000 square feet of luxury living, an 18 car garage, ballroom, bowling alley and a private 9 hole golf course, “Le Reve” recently sold for $9.5million. Yes, that’s a lot of money, but here’s the catch…it cost approximately $50million to build, the bank…
Beautiful Custom Home and 6 Acres for Sale at $319,000
Tuesday, August 2nd, 2011 at 3:46pm. 731 Views, 1 Comments.
It is rare to find such a beautiful custom home and this much land for sale in the 300's. But these sellers are motivated and that means a great deal for buyers.
Built in 2003, this Cape Cod style home at 3045 Ebenezer Road in Conyers is the sellers' pride and joy. With nearly 6 acres of wooded privacy, 2 beach volleyball courts, a wrap-around rocking chair front porch, bonus room above the garage and huge unfinished basement, this home has it all.
Buyers can search for years to find a property like this and so it's no wonder this is the first time this home has ever been on the market.
The sellers are relocating out of state and motivated to sell, so this is your opportunity to get a great deal on your dream home in the country.
