Contrary to dome national reports our market is still hot! Looking at August of 2018 compared of August of 2017 almost every indicator is positive. The only exception - The Number of new lisitng is down by 11% which has taken the number of active listing down by 16% (Listings are Selling.) Median Price is $271,787 (up 9.9%) and $ per square foot is up 7.4% to $119. Days on market remained constant at 46. The only note of caution is homes greater than $500,000 may require effort to get … [Read more...]
June Market Stats
In Cobb County, we had 2,064 homes on the market at a median list price of $399,250 and put 1,362 Homes under contract at a median sales price of $289,000 (an 11.2% increase over June of 2017) and had a 2 month supply of homes on the market. This means that at $350,000 and below we are in a seller's market. Above that is either a neutral market or a buyers market. The number of homes that closed was actually down 5.2% at 1,197 closings. Full report here. What does this mean to you? … [Read more...]
Steps to Handling a Low Appraisal
In our rising market appraisers sometimes need some help in seeing the value of your home. Having lived and worked through 7 real estate cycles in my 38 years of experience I’ve found certain practices can minimize a low appraisal. Preparation is the solid key. Our unique and efficient market analysis often is all that's needed (along with meeting the appraiser at the property with proper comparable, information, your upgrades list, and benefits) to prove the value to the buyers and the … [Read more...]
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