NancysNewHomes.com Logo

Door Image

Dorsey Alston Logo

Archive for November, 2011

What’s new in Atlanta Real Estate

Friday, November 18th, 2011

One of the new trends in real estate is not “big” (as in the mini-mansions of 2004), but more personal space (as in Owners’ Suite or Sun Porch). Anything that gives an Atlanta homeowner more bang for their buck, is hot right now.

People are always asking me what their home is “worth”.  Atlanta’s houses may not fetch the same price as they did 5-7 years ago, but what is making them hot and sell quickly, are the features that the owners have enjoyed, while living in their homes. Do you have outdated wallpaper or a master bath that feels like a spa? Do you have a living room no one enjoys or a sunporch that the kids use or one in which you like to curl up with a book?

I can help you modify your home to show off its assets and get it ready to sell. Call me, your Atlanta Realtor: Simply Done and always at your service!

Brookhaven Ashford Park Sun Porch

Atlanta’s Real Estate and New Homes Market

Friday, November 18th, 2011

Atlanta Home For Sale

I’ve been feeling, and saying, that Atlanta’s real estate market is getting better. One of the ways to gauge Atlanta’s home market, is to look at new-construction. I feel like I’ve been right all along, as here’s another signal that the market is improving.

Single-Family Housing Starts rose to a seasonally-adjusted, annualized 430,000 units in October – a 4 percent increase from September and the highest reading in 3 months (a “Housing Start” is defined as a home on which ground has been broken).

The increase surprised Wall Street analysts, although it shouldn’t have.  Earlier this week, the National Association of Homebuilders showed that Homebuilder Confidence is at its highest point since May 2010, the effect of better market conditions and more sold units. Rising housing starts, amid a lift in builder confidence, is to be expected — the two metrics have moved with loose correlation since mid-2000.

Of course, as with everything in real estate, Single-Family Housing Starts volume varied by location. The nation’s 4 regions posted wide-ranging results:

  • Northeast Region :  +10.0% from September
  • Midwest Region :  -4.1% from September
  • South Region:  +11.3% from September
  • West Region:  -10.2% from September

Buyers of new construction in Atlanta can infer two key points from last month’s data. First, with more homes being built, home supply should rise, thereby softening pressure on rising home prices. This should help keep homes affordable. However, the second point is
that with builder confidence rising, buyers are less likely to win price concessions and “free upgrades” in negotiations.

The last 6 weeks of 2011 may be the optimal time to buy new construction. Home prices remain affordable and mortgage rates are rock-bottom, the lowest they’ve been in decades. If you are a buyer and because there are typically fewer active home buyers during the holidays, you’ll be more likely to locate one of the few remaining new construction “deals” in the next several weeks.

Talk to me, your Realtor, about neighborhood trends and new construction. Simply done and always at your service!

Brookhaven’s Ashford Park ES Fall Festival

Friday, November 4th, 2011

Ashford Park Elementary School will hold its annual fall festival November 5. The festival will be at Brookhaven’s Ashford Park Elementary School from 2 p.m. to 5 p.m. The cost is $15 for an armband that will provide access to the rides and games, which include jumpies, carnival games, face painting, a cake walk and shopping vendors.

Buckhead Surveillance

Friday, November 4th, 2011

“Operation Shield” is now a go in Buckhead.

The Buckhead Community Improvement District (CID)  approved a proposal from Texas-based Iron Sky, the company behind the surveillance cameras in Sandy Springs. Iron Sky will install 16 cameras around Buckhead. The program, known as Operation Shield, will include 14 pan and zoom cameras and two fixed position cameras for the foot bridge pathway of a proposed pedestrian bridge.

The cost of the cameras, $140,000,  includes hardware and software installation and a one-year service agreement. The Atlanta Police Foundation will also pay $70,000 for the cameras, the Buckhead CID reported. The surveillance network will tie into the city of Atlanta’s new Video Integration Center.

Once the agreement is signed,  the cameras will be operational in approximately 3 months.

The chairman of the Buckhead Council of Neighborhoods and the president of the Brookwood Civic Association both liked the idea of the cameras, one adding that it is “a great aid to law enforcement.”  The president of the Loring Heights Neighborhood Association said he is in talks with Iron Sky about setting up the cameras in Loring Heights and plans to bring a formal proposal to the neighborhood of Loring Heights in the spring.