Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, released its August 2023 Market Brief on residential housing statistics for 11 area counties in metropolitan Atlanta. The Market Brief, compiled by First Multiple Listing Service (FMLS), provides the only regionally-focused synopsis of monthly sales and home prices for single-family residential properties.
The Atlanta REALTORS® Market Brief is designed to offer an overview of the Atlanta residential market by providing a synopsis of sales and home prices, and covers 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Paulding, and Rockdale. The numbers in the reports are updated each month to reflect any additional recordings from the previous month. Each month, the numbers reported for the previous month are updated to reflect additional recordings.
Demand: August residential sales were at 5,088, a decrease of 15.0% from the previous year.
Price: Average and median sales prices continue to outpace 2022’s figures, with positive gains. The median sales price in August was $425,000, an increase of 4.7% from last August. The average sales price was $515,000, up 6.7% from the previous year.
Supply: Atlanta area housing inventory totaled 10,607 units in August, a decrease of 16.5% from August 2022. New listings totaled 6,896, down 15.2% from August 2022 and up 0.4% from the previous month. The month’s supply over a 12-month period increased to 2.3 months.
Owning a home is an exciting milestone, but it also comes with its fair share of questions and uncertainties. From maintenance and repairs to insurance and budgeting, there’s a lot to consider. Today, we’re here to shed some light on the top five most common questions asked by homeowners and provide you with the answers you’ve been seeking. So, let’s dive right in!
1. How often should I have my HVAC system serviced?
2. What can I do to improve my home’s energy efficiency?
3. How often should I clean my gutters?
4. Should I DIY or hire a professional for home repairs?
5. How much should I budget for home maintenance and repairs?
Homeownership can sometimes feel like a never-ending journey of learning and decision-making. But fear not! By being proactive and seeking answers to your questions, you’re already one step ahead. We hope that our exploration of the top five most common questions asked by homeowners has shed some light on your own curiosities. Remember, knowledge is power, and it’s always wise to reach out to professionals or trusted resources when you’re in doubt. Happy homeownership!
Hey there, Roswell! Vincent Russo, REALTOR® from Keller Williams Realty Intown Atlanta here, bringing you the latest scoop on our local real estate market.
As of August 2023, we currently have a low inventory with just 1.3 months supply available. But fear not, as this means it’s a great time for sellers to make a move! Over the past year, the supply has seen a positive increase of 9.24%, giving us a healthy boost.
Did you know that homes in our area are selling like hotcakes? The list to sold price percentage stands at an impressive 101%, indicating that sellers are getting top dollar for their properties. So, if you’re thinking of selling, now is the perfect time to get the best return on your investment!
In terms of speed, the median days on the market is just 13 days. Yes, you read that right! Homes are flying off the shelves, making it an ideal market for buyers who are ready to make a move quickly.
Now, let’s talk numbers! The median sold price in our beloved Roswell is currently at a fabulous $620,000. This figure showcases the value and desirability of our community, attracting buyers who are willing to invest in their dream homes.
Whether you’re a buyer looking for your dream home or a seller looking to take advantage of our booming market, I’m here to guide you every step of the way! Don’t hesitate to reach out to me for personalized advice and assistance in navigating this exciting real estate landscape.
Let’s make your real estate dreams come true in Roswell, GA 30076!
Hey there, homeowners! As the summer heat slowly gives way to cool, crisp air, it’s time to give your home some TLC. Fall is the perfect season to prepare your humble abode for the upcoming winter months. So grab a pumpkin spice latte and let’s dive into these 5 tips for fall home maintenance. Your cozy nest will thank you later!
1. Clean Those Gutters:
Okay, I get it. Cleaning gutters might not sound like the most glamorous task, but trust me, it’s crucial. With falling leaves and debris, your gutters can get clogged, which can lead to water damage and potential leaks. So grab a ladder, some gloves, and get those gutters spick and span. If you’re not up for the task, why not hire a professional? It’s a small investment that can save you a ton of headaches down the road.
2. Check Your Heating System:
Now that the cooler days are approaching, it’s time to make sure your heating system is in tip-top shape. Nobody likes stepping into a chilly home when it’s freezing outside. So, give your HVAC system a once-over. Change the filters, clean the vents, and make sure everything is functioning properly. It’s a small price to pay for a cozy and warm home during those chilly fall evenings.
3. Seal Up the Cracks:
As the temperature drops, you don’t want any cold drafts sneaking into your cozy space. Inspect your windows and doors for any cracks or gaps that could let in the cold air. Weatherstripping and caulking are great solutions for sealing up those pesky openings. Trust me, your heating bills will thank you, and you’ll be able to enjoy your hot cocoa in peace!
4. Give Your Fireplace Some Love:
Ah, the crackling sound of a fireplace on a chilly fall evening. But before you light that first fire, it’s important to give your chimney a good cleaning. Creosote buildup can be a fire hazard, so it’s best to have a professional chimney sweep come by and do the job. Plus, they can also inspect the fireplace for any signs of damage or wear. Once it’s all sparkly clean, you can cozy up and enjoy the warmth!
5. Don’t Forget the Outdoors:
Fall home maintenance isn’t just about the inside; your outdoor space deserves some attention too! Trim back any overgrown branches near your home to avoid any potential damage during those windy fall storms. Also, drain and store your garden hoses to prevent them from freezing and bursting. And while you’re at it, make sure your outdoor lighting is in working order, so your home stays well-lit and safe when the sun goes down earlier.
There you have it, folks! These 5 tips for fall home maintenance will help you keep your nest cozy and safe throughout the upcoming season. Remember, maintaining your home doesn’t have to be a daunting task. With a little bit of effort and a touch of autumn inspiration, you can enjoy a comfortable and inviting space all year round. So grab your checklist, put on some cozy socks, and let’s get to work!
As the long, sunny days of summer start to give way to the crisp, cool air of fall, it’s time to bid farewell to pool parties and barbecues and prepare our homes for the upcoming season. Fall brings its own set of challenges, from falling leaves to colder temperatures. To help you transition smoothly, we’ve put together a list of end-of-summer maintenance tasks that will ensure your home is ready to embrace the cozy and colorful autumn months ahead.
1. Clean Those Gutters:
2. Check Your Roof:
3. Seal Gaps and Cracks:
4. Service Your Heating System:
5. Clean and Store Outdoor Furniture:
6. Prepare Your Garden:
While saying goodbye to summer can be bittersweet, taking the time to prepare your home for fall will help ensure a smooth transition into the new season. From cleaning gutters and inspecting your roof to sealing gaps and servicing your heating system, these maintenance tasks will help keep your home cozy, efficient, and ready for the colder months ahead. So roll up your sleeves, put on your favorite autumn playlist, and tackle these tasks with enthusiasm. Your home will thank you!
Hey there, homeowners! Are you feeling the heat of the real estate market? Well, you’re not alone! With rising prices and fierce competition, it’s vital to take proactive steps to prepare and protect your home investment. In this blog post, I’ll explore some practical tips that can help you navigate this challenging real estate landscape. So, let’s dive right in!
1. Enhance Curb Appeal to Attract Buyers:
First impressions count, especially in a hot market. Sprucing up your home’s exterior can significantly increase its appeal. Consider a fresh coat of paint, well-maintained landscaping, and eye-catching details like a welcoming front door. These simple improvements can make a substantial difference in attracting potential buyers and enticing higher offers.
2. Declutter and Stage Your Home:
In a competitive real estate market, decluttering and staging your home can be a game-changer. Take the opportunity to tidy up each room, removing personal items and excess furniture. By creating a clean and neutral canvas, potential buyers can more easily envision themselves living in your home. If you require professional help, consider hiring a reputable staging company to make your house shine. Which brings us to the next tip!
3. Consider Hiring a Professional Photographer
97% of all buyers use the internet in their home search. If you want to “WOW!” potential buyers, make sure you don’t miss this step! One study by the Wall Street Journal found that listings with professional photos got 61% more views than those without them. Angles, lighting, formatting, and HD! Capturing your property’s best features in a photo isn’t always as easy as you’d think and sometimes requires special equipment (like drones!) Professional real estate photographers know how to showcase unique features and leave a lasting impression on potential buyers ensuring your property stands out in the market! By using real estate photography, you can help improve the online visibility of your property.
4. Set a Realistic Price:
Pricing your home right is crucial in a high-price real estate market. While it may be tempting to aim for the stars (as some house prices may seem astronomical), an overpriced home can scare away potential buyers. Study the local market trends, consult with me, and we’ll go over recent sales data to help you determine a competitive and realistic listing price. Remember, a reasonable price can generate more interest and potentially lead to bidding wars, driving up the final sale price higher than you would have thought to list it for!
5. Insist on Pre-Qualified Buyers:
When the market is hot, you can expect a flood of interested buyers. However, not all buyers are created equal. To save time and protect your interests, insist on working with pre-qualified buyers. This means they have already gone through the initial stages of mortgage approval and are in a better position to close the deal. This ensures that you’re dealing with serious buyers who can follow through on their offers.
Preparing and protecting your home in a today’s estate market requires careful planning and strategic decision-making. By investing time and effort into curb appeal, decluttering, and staging, you can increase your chances of attracting the right buyers. Setting a realistic price, working with pre-qualified buyers, and engaging a knowledgeable real estate professional like myself will ensure you’re well-equipped to navigate the competitive landscape.
Remember, while the real estate market may feel high right now, these tips can also be useful in any market condition. So, whether you’re planning to sell your home now or later, implementing these suggestions will help you stay ahead of the game.
Have questions about this information? Reach out to me!
When it comes to creating an inviting home, many of us focus on the interior design and neglect the exterior. But hey, let’s not forget about the first thing people notice when they visit your house – the curb appeal! One simple yet effective way to enhance your curb appeal is by harnessing the power of plants. Not only do they add color and beauty to your surroundings, but they also bring life and freshness to your home. So, let’s dive into the world of plants and discover how they can help transform your home’s exterior!
1. Instant Pop of Color
Nothing catches the eye quite like a splash of vibrant colors. By strategically placing potted plants or flower beds along your entryway or walkway, you can instantly create a warm and welcoming atmosphere. From blooming annuals to perennial favorites, there are countless options to suit your personal taste and the style of your home. Plus, you can easily switch them up seasonally to keep your curb appeal looking fresh and exciting!
2. Natural Privacy
If you’re fortunate enough to have a front yard with some space, consider using plants to create a natural privacy screen. Tall, lush shrubs or climbing vines can act as a beautiful barrier, shielding your home from prying eyes and providing a cozy, secluded feel. Not only will this add to your curb appeal, but it will also enhance your overall sense of privacy and tranquility.
3. Welcoming Pathways
A well-designed pathway leading to your front door can make a significant impact on your curb appeal. By lining your walkway with plants, such as low-growing border plants or ornamental grasses, you create a visually appealing guide for visitors. Choose plants that are low-maintenance and suited for your climate, so you don’t have to spend hours on upkeep. The result? A stunning pathway that beckons guests towards your front door with open arms.
4. Vertical Gardening
Limited space? No problem! Vertical gardening is a fantastic solution that allows you to make the most of your available area. Hanging baskets, wall-mounted planters, or even a vertical garden wall can transform a mundane exterior into a living work of art. From cascading flowers to cascading foliage, your options are endless. Not only will this add charm to your home, but it will also create a sense of depth and dimension that is sure to impress passersby.
5. Environmental Benefits
Plants not only beautify your surroundings but also provide numerous environmental benefits. They help improve air quality by absorbing carbon dioxide and releasing oxygen, making your neighborhood a healthier place to live. Additionally, plants can help reduce noise pollution, acting as a natural sound barrier. So, not only do they look good, but they also contribute to a better environment!
By harnessing the power of plants, you can easily elevate your home’s curb appeal and make a lasting impression. Whether you opt for a burst of colorful flowers, a privacy screen of shrubs, or a lush vertical garden, plants offer an array of options to suit your style and needs. So, why settle for a boring and lackluster exterior when you can create a stunning and welcoming environment? Embrace the beauty of nature and let your plants work their magic – your curb appeal will thank you!
Many things factor into home affordability: Location, condition, interest rate, type of mortgage, terms of mortgage, down payment, monthly payment/cash flow, collateral assets, and more.
However, interest isn’t necessarily the most important factor.
There are options to refinance; there are rate buydown options such as 3-2-1 program; if rates go up, you are protected by your fixed rate; when property values/list price climb, you’ll already have purchased and can start accumulating equity.
If you are considering becoming a homeowner, it IS possible.
Speak to a financial planner/analyst to find out the best options for you and then let me connect you up with a recommended loan officer.