October, 2020 We hope you and your families are healthy and well in these unusual times. Covid-19 and Politics still dominate our local News. Regal Cinemas is closing all of its’ 18 theatres in Georgia after losing $1.6 billion in the first 6 months of the year. Pumpkin Patches have had to adapt how they operate too! Practicing social distancing and wearing masks is now commonplace. Here are some of our favorite places to get pumpkins; East Cobb and Roswell. Corona … [Read more...]
2017 is done
-All the data is in here are some numbers you might be interested in as reported by First Multiple Listing Service! Cobb County 2017 # of Sales 10086 (up 2.2%) Median Price was $261,421 (Up 6.4%) and we have 1568 Active Listings (Down 15.5%) about a two month supply of Homes! Average Days on Market is 31 days Cherokee County 2017 # of Sales 4686 (down 1.9%) Median Price was $254,443 (Up 8.7%) and we have 1472 Active Listings (Down 22.9%) about a four-month supply of … [Read more...]
Ways to Utterly Devalue Your Home!
Now that you’ve bought your home and it is your canvas —and you’re the artist that’ll mold it into your unique piece of paradise. You may have big dreams for that new home but cool your jets. This is a time for careful consideration, not for hastily scribbled modern design notes on cocktail napkins. Although there are certainly changes you can make that will update or upgrade your new home, there are others that can potentially devastate its value. This is no small thing. If … [Read more...]
Mike Stott’s 2018 Atlanta Real Estate Predictions
2017 Saw the number of Sales rise 4% over 2016 and a price increase of 4% Mortgage Rates will rise to somewhere right around 5% ($290,000 versus $277,000). I predict that 2018 will see prices rise another 3% and the number of sales up very slightly. 1% to 2%. Mortgage Rates will rise to somewhere right around 5% - still historically very affordable money! Don’t worry about this affecting your sales until the rates rise above 6%. I predict it will still be more expensive to rent than own in … [Read more...]
A Tale of Two Markets: Lies Damned Lies and Statistics-30118 & 30114
Last Months report on the two neighborhoods and A Tale of Two Markets: Lies Damned Lies and Statistics generated a lot of interest, so I thought I do the same sort of analysis for another two zip codes that we service: 30188 is in Woodstock Georgia and if you look at the results for the entire area you’ll find that there are 196 Homes active today; 138 homes are under contract, and 960 sold in the last 6 months representing 160 sales a month on average. With only 196 available and 160 a … [Read more...]
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