Market trends and housing reports around North Atlanta

The Covid-19 impact on real estate is a study in contrasts when the "before" and "after" data is reviewed. Seismic shifts of day to day activities impacted every aspect of life, including residential real estate. The pandemic seems to have changed how home buyers and sellers act and what they value (for now anyway). Also clear; the pre-covid inventory shortage was further exacerbated by shut downs and fears of having people walk through homes. Fewer homes, low rates, increased competition and prices came together. A section of the 2020 national association of realtors report compared the housing market before March of 2020 with that after; some familiar trends were reinforced while new ones appeared.

Multi-Generational Homes are In

Desire for…

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In a strong market, sellers may not formally list their home but take a position of “here’s my price, make me move”. These are typically called “quiet, whisper or pocket listings” and while this can be a successful play, there are things for sellers to consider. Usually there is an agreement between a seller and real estate broker that allows the broker to market the property outside of the MLS. Agent networking, social media, open houses and other ways are used to expose the home. Sometimes there is no formal agreement, just a “hey agent, if you know someone that is looking….”. That informality can be problematic, there are legal and contractual aspects to be considered. Many owners talk about a move "if they get their price", but several things need to…

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One yellow rubber duck surrounded by colorless ducks

Learning how to win a bidding war when buying a home usually comes from losing; as others win you learn. There are fundamental techniques and steps to take that will make your offer shine when multiple offers are received. Working with an experienced buyer’s agent is key; one that can dissect data, honestly guide you, write an effective offer and respond rapidly during the process. Many strong offers are lost because buyer agents fail to respond in a timely manner. In situations where "highest and best" offers are called for, remember; highest is not always best. A cash offer with no appraisal contingency and a few days of due diligence can be more appealing than a 97% FHA offer. 

Don’t Overpay

The very first step in winning is not overpaying;

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Despite a crazy year, the greater North Fulton and Cobb County housing market flourished in 2020. Here we examine and compare the Cobb County markets of Acworth, Kennesaw, Marietta and Smyrna. Next we look at the North Fulton County markets of Alpharetta, Milton, Roswell and Sandy Springs. Three key indicators; median sale price, months of inventory and days on market. 

These charts summarize what buyers and sellers around the north Atlanta housing market experienced; rising price, few homes for sale and a lightening fast market. Scroll the charts for details... 

Acworth / Marietta / Kennesaw / Smyrna 

Each of these markets is enjoying robust appreciation

0-3 is a seller's market, 3-6 balanced, 6+ a buyer's market 

It's…

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