July 2010 Buckhead Home Inventory
I thought this was an interesting chart of the months of inventory trend, for Buckhead (FMLS Area 21), over the last 5 years. 17 months of inventory is still fairly high, compared to 2005 and 2006, but it’s down significantly from the highs of the market crash in late 2008 and early 2009. Overall, it looks like a decent trend. As I’ve defined in previous posts, “months of home inventory” analysis can be a useful tool in understanding the state of the market. It incorporates actual inventory levels and the sales absorption...
Read MoreSandy Springs Homes Inventory December 2009
As of December 2009, there was a little over 14 months of home inventory in Sandy Springs. Looking at the historical trend, especially in light of the real estate collapse, 14 months is a huge improvement. As you can see by the 3-year graph of Sandy Springs homes, the inventory started skyrocketing last January and peaked in March. Feel free to click the graph for a larger view. The beginning of the year was the heart of the foreclosure frenzy. There was a tsunami of foreclosures hitting the courthouse steps and the banks were unprepared and ill-equiped to deal with the unprecedented...
Read MoreBuckhead Homes 2009 Year in Review
Happy New Year! I’m a lot more optimistic about Buckhead real estate at the start of 2010 than I was in the beginning of 2009. My positive attitude isn’t due to some sort of W.A.G., there are positive trends and news that point to a recovery in the North Atlanta real estate market. While I think we’ve moved beyond the bottom, how fast the recovery occurs is anybody’s guess. Here is a key trend that may point to a bullish 2010 in Buckhead real estate: The home inventory for Buckhead seems to have peaked at the beginning of 2009. You can click the graph for a larger...
Read MoreBuckhead Home Inventory Trend
The following is a spreadsheet that shows the home inventory trend for Buckhead. As I mentioned before, understanding the home absorption rate for the Buckhead real estate market can provide some objectivity. No matter how you look at it, there is still a lot of inventory on the market. The silver lining seems to be that the trend has stabilized and there hasn’t been much inventory increase on a monthly basis. Feel free to contact me if you if have any...
Read MoreThe benefits of Buckhead real estate
I was reviewing the January 2009 metro Atlanta housing report and it confirmed what I already knew, there is true value in buying Buckhead real estate. The FMLS database divides communities into approximate areas. The following are some North Atlanta communities, their approximate areas, “months of inventory” and “average days on the market” for new, detached residential homes in January 2009. Community Area Mths DOM Buckhead 21 20.5 111 North Fulton 13 26.5 198 North Fulton 14 16.2 153 Dunwoody 121 32.0 169 Sandy Springs 131 34.4 174 Sandy...
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