2009 March :: Buckhead Homes and Real Estate

Archive for March, 2009

Brookhaven

If you want to be almost guaranteed of seeing someone walking a Golden or Labrador Retriever, then drive through Brookhaven. Some consider it part of Buckhead some think of it as a separate community. Regardless, it has some architecturally significant and truly elegant Atlanta homes. The historic Capital City Club anchors the [...]

February 2009 Metro Atlanta Housing Reports

You can view the February Metro Atlanta housing reports on my blog. The Metro Atlanta sales averages are significantly down from this point last year. When looking at the reports remember that Buckhead is area 21, Dunwoody is 121 and Sandy Springs is 131 and 132. Also, be sure to notice the reports [...]

Sell your Atlanta home quickly

If I had a nickel for every Atlanta home seller that turned down an offer, only to sell there home many months later at a much lower price than the original offer, I’d be rich.
This idea of initially pricing your home high, “Just to see if there are any takers”, is a really bad one [...]

Buckhead home under contract in less than 8 weeks!

If you would like to hear how I was able to get this Buckhead home under contract in less than eight weeks, please feel free to call me. I’d be happy to develop a strategy with you for selling your home.
The Buckhead housing market is resilient enough to absorb homes priced [...]

Unique Buyer Incentives at Buckhead's Terminus

When I first read that the new Terminus condos in Buckhead were offering buyer incentives, I almost skipped the article. The idea of reading about another condo complex offering $5,000 in upgrades seemed redundant to me. Since I live two blocks from the Buckhead buildings and have always been impressed with Cousins Properties, [...]

Buckhead and Atlanta REOs

Obviously there are a lot of bank owned properties on the market. Some of the best REO deals I’ve seen in Buckhead, Dunwoody and Sandy Springs are unfinished rehab and builder spec homes. There are a surprising number of homes without kitchens, bathrooms and/or systems.
Even if you can find an Atlanta buyer, who [...]

Buckhead home inventory for March 19th

Here are some Buckhead homes inventory numbers as of today:
$500,000 – $1,000,000 – 17 months of inventory
344 currently active, 242 sold in last 12 months
$1,000,000 – $3,000,000 – 2 years of inventory
307 currently active, 151 sold in last 12 months
$3,000,000 and above – 9 1/2 years of inventory
76 currently active, 8 sold in last 12 [...]

Fulton County Homestead Exemption Increase

The new Homestead Laws will allow for an increase in the basic exemption of $15,000 over the next three years. If you are currently receiving a homestead exemption you don’t need to do anything to start receiving the increase. If you are not receiving an exemption, to qualify you must own and occupy [...]

Lake Lanier recreation is down 13%

The number of annual visitors to Lake Lanier is down 13% from 2005, when the lake was at full pool. The number of boaters is expected to be down even more than 13%. Obviously this has a negative economic impact to businesses located around Lake Lanier. From marinas to restaurants, everybody is [...]

Buckhead Foreclosures

There is a common misconception that foreclosures are cheap homes in undesirable neighborhoods. I subscribe to the Atlanta Foreclosure Report and ran a report for Buckhead homes in pre-foreclosure, with mortgages over $500,000, that are due to be sold on the Fulton County Courthouse steps on April 7, 2009. As you can see [...]