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10/14 Sandy Springs Market Update

Summary for Sandy Springs



According to Trulia:

Average Listing Price

  • $729,877
  • for week ending Oct 08
  • +$19,092
  • +2.7%
  • w-o-w

Median Sales Price

  • $355,000
  • Jul ’14 – Oct ’14
  • $32,700
  • -8.4%
  • y-o-y

SS map

Average price per square foot for Sandy Springs GA was $174, an increase of 10.8% compared to the same period last year. The median sales price for homes in Sandy Springs GA for Jul 14 to Oct 14 was $355,000 based on 253 home sales. Compared to the same period one year ago, the median home sales price decreased 8.4%, or $32,700, and the number of home sales decreased 29.7%. There are currently 364 resale and new homes in Sandy Springs on Trulia, including 11 open houses, as well as 5 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Sandy Springs GA was $729,877 for the week ending Oct 08, which represents an increase of 2.7%, or $19,092, compared to the prior week.

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Atlanta Traffic will be CRAZY this weekend!

Let’s look at all the happenings on the roadway’s this weekend:

  • Half of Atlanta heads to the beach
  • Dragon Con all weekend + parade
  • Black Gay Pride + parade
  • Braves home all weekend
  • College football at Georgia Dome (Thursday & Saturday)
  • GA Tech home game Saturday 12:30pm
  • Hartsfield Airport will be at HIGH volumes
  • Downtown hotels, restaurants, transportation and parking will be busting at the seams

Stay home, work in the yard, watch football, but stay out of the downtown Atlanta area if possible! If you must, take Marta…Enjoy~

ATLtraffic

 

Is it time to appeal property taxes?

My friend Bob Fiscella shared this great info:

By now you should have received the assessment for your 2014 property taxes.  DeKalb County has come up with some outrageous valuations, so it may well be worth your time to appeal.

The deadline for appealing DeKalb taxes is Monday.   Go to Appeal Process and download the form, which must be postmarked by July 14.   If you need comparables for your property, please don’t hesitate to contact me.

 

Fulton, Gwinnett and Cobb tax assessments seem to be more in line with sales prices.   Nonetheless, you may wish to appeal.   Click on the appropriate link to find out how to start the process:

 

Fulton County       Gwinnett County       Cobb County 

 

The real estate market in the greater Atlanta area remains strong, with pricing steadily climbing and interest rates remaining at near historic lows.   If you or someone you know is considering a move, please contact me – 

Tom Sheeran

678-298-1619

 

Affordable housing for Atlanta!

FHLBank Atlanta grants $2.8M for Georgia affordable housing

 
Federal Home Loan Bank of Atlanta 304

Enlarge Photo
 

 

 

According to Phil Hudson – Atlanta Business Chronicle:

Federal Home Loan Bank of Atlanta granted $24.5 million for affordable housing projects across the Southeast, including $2.8 million for 507 units in Georgia.

“The availability of affordable housingcontinues to be a challenge across the Southeast,” said Robert Dozier, FHLBank Atlanta’s chief business officer, in a statement.

FHLBank Atlanta’s Affordable Housing Program (AHP) awards range from $28,200 to $500,000 per project.

The projects represent more than $450 million in total housing development. For every $1 dollar in AHP funding, another $18 dollars of development was leveraged under the FHLBank Atlanta 2014 AHP, the bank said.

AHP is a component of FHLBank Atlanta’s affordable housing, economic development and down-payment assistance initiatives.

Phil W. Hudson is a finance, banking and general assignment reporter.

Tom Sheeran

Keller Williams Realty

TSheeran@kw.com

 

It’s all about the South!

Homes.com has combed through the data and come up with the “Top Cities for New Grads:

 

#1: Atlanta

Hot-lanta! The average entry-level salary is $43,000, which Homes.com says is 21 percent above the national average. And while it’s still not as high as those in Boston or Washington, D.C., living in Atlanta costs only half as much. The median rent for a one-bedroom apartment is $800. There are plenty of good, well-paying jobs in the Georgia capital, as Atlanta “holds the third-largest concentration of Fortune 500 companies” that include Coca-Cola, The Home Depot, Delta Airlines and UPS. And the city also provides young grads with opportunities to continue their educational endeavors, with 19 nearby colleges and universities. Peachy!

ApringHome Sales Has Sprung!

 According to Trulia.com: Mortgage rates are still at historic lows, so buyers ARE poised to buy and ready to hit the streets.

The Numbers Say Sell Now

Sixty percent of all homes in 2014 will be bought and sold from May to August. Sellers who put their home on the market at the beginning of the selling season will up their chances of snagging a winning offer before buyers turn their attention back to school starting in September.

Price It Right


Many metros in the country have seen double-digit price increases in the past year. But this last quarter, prices started to slow nationally – and pricing is a critical component to getting a house sold. With this fluctuating market, sellers need to look at comps of similar homes in their area and rely on the expertise of their agent. Plus, remember, recency matters: sellers should look back no more than 60 days and depend on your agent to help you set the price appropriately. The sale price of homes that sold recently paints a much better picture of what to expect than the price of homes that sold six months ago (or of homes that have yet to sell).

It Pays To Be Ahead Of The Curve


Trying to get a jump on the competition? Right now we’re on the cusp of prime selling and buying season, and sellers who list soon, will have less competition than those who put their house on the market in May or June, when more homes will flood the market. Since it’s still early, every home can have its ‘moment in the spotlight’ more than it will when inventory increases – and the buyers who are braving the cold to house shop are clearly motivated.

Let discuss your property and see if it is prime for the market! 678-298-1619 or go to http://www.Atlanta-Property-Values.com

Tom Sheeran

 

Tonight’s Atlanta Weather

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Temperatures this evening are forecast to dip into single digits (predicting the lowest recorded temperatures in the Atlanta area since 1983), making for some potentially very serious issues for your home.   

 

Please read the safety precautions below provided by the DeKalb County Emergency Management Agency.  

  • Disconnect and drain outdoor hoses. Detaching the hose allows water to drain from the pipe. Otherwise a hard freeze can burst either the faucet or the pipe.
  • Insulate pipes or faucets in unheated areas. If you have pipelines in an unheated garage or cold crawl space under the house, wrap the water pipes before temperatures plummet.
  • Hardware stores carry heat tapes that can either be wrapped or run lengthwise on exposed pipes. If you use a heat tape, use a GFI outlet and be sure to unplug it when it’s not needed.
  • Find the house master water shutoff valve. It may be near the water heater or the washing machine. More likely it’s where the water line comes into your house from the street. If a pipe bursts anywhere in the house, this valve turns it off.
  • Leave a pencil-lead-thin stream of water flowing from a bathroom faucet during the worst of a cold spell. Running water has a lesser chance of freezing but it may increase your water bill.

I hope you find this information helpful.

 

Stay warm!

Tom

Home (SOLD) for the Holidays!

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11. By selling now, you may have an opportunity to be a non-contingent buyer during the Spring, when many more houses are on the market for less money! This will allow you to sell high and buy low.

10. You can sell now for more money and we will provide for a delayed closing or extended occupancy until early next year.

9. Even though your house will be on the market, you still have the option to restrict showings during the six or seven days around the Holidays.

8. January is traditionally the month for employees to begin new jobs. Since transfers cannot wait until Spring to buy, you need to be on the market during the Holidays to capture the market.

7. Some people must buy before the end of the year for tax reasons.

6. Buyers have more time to look for a home during the Holidays than they do during a work week.

5. Buyers are more emotional during the Holidays, so they are more likely to pay your price.

4. Houses show better when decorated for the Holidays.

3. Since the supply of listings will dramatically increase in January, there will be less demand for your particular home. Less demand means more money for you.

2. Serious buyers have fewer houses to choose from during the Holidays and less competition means more money for you.

And the number one reason why your seller should list during the Holidays …

1. People who look for homes during the Holidays are more serious buyers!

Goodbye Jett Ferry Blockbuster hello Chase

chase-bank

(yes, another bank in Dunwoody)

According to the Aha Connection: a fence was placed around the old Jett Ferry Blockbuster location. They checked with John Heneghan last night and he informed them of the following: “The property is zoned neighborhood shopping / commercial and the owner of the land can develop it as he sees fit within the allowances of the zoning code and a bank is an allowable use for the area.”

Yep, we are getting another bank…Chase Bank to be exact.

Atlanta top affordable Large City!

According to interest.com:

An ugly combination of rising home prices and higher mortgage rates made housing less affordable in all of the nation’s 25 largest cities over the past year. But a dozen of those metro areas still earned passing grades from this year’s study and the distinction of having the most affordable housing markets. An Affordability Grade of C means the median income family can afford the median priced home in that city. A B grade means the median income family can afford to buy a home that costs 40% more than the median price…Atlanta scores a B+!!

ATL2013

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