Atlanta, GA Market Snapshot for February 2008

Here are the latest top-level summary of market conditions for Single Family Residences (SFR) and Condo sales only in these areas within the greater Atlanta area served by ZipRealty:

Average Sales Price	Jan-08	Feb-08	$ Change
Canton	$282,379	$281,822	↓
Woodstock	$216,610	$197,746	↓
Cartersville	$141,382	$141,258	↓
Marietta	$254,403	$245,695	↓
Cumming	$285,915	$283,626	↓
Atlanta	$332,199	$263,454	↓
Alpharetta	$515,367	$361,017	↓
Lawrenceville	$177,656	$189,001	↑
Dallas	$180,386	$175,411	↓

# Transactions	Jan-08	Feb-08	# Change
Canton	43	28	↓
Woodstock	31	38	↑
Cartersville	18	19	↑
Marietta	134	123	↓
Cumming	60	73	↑
Atlanta	250	278	↑
Alpharetta	59	61	↑
Lawrenceville	93	67	↓
Dallas	52	35	↓

Search for Atlanta, GA homes and condos for sale. Read more about homes and neighborhoods in the Atlanta area.

All numbers are from the MLS and are deemed reliable but not guaranteed, as of 3-24-2008.

Atlanta, GA Market Snapshot for January 2008

Here are the latest top-level summary of market conditions for Single Family Residences (SFR) and Condo sales only in these areas within the greater Atlanta area served by ZipRealty:

City	# Transactions	January 2008 Average Sales Price
Canton	43	$295,774
Cartersville	18	$148,104
Woodstock	31	$223,994
Marietta	134	$263,089
Cumming	60	$302,189
Atlanta	250	$351,932
Alpharetta	59	$553,868
Lawrenceville	93	$182,099
Dallas	52	$185,959

Read more about homes and neighborhoods in the Atlanta area.   Search for Atlanta, GA homes and condos for sale.

All numbers are from the MLS and are deemed reliable but not guaranteed, as of  02/20/2008.

Atlanta, GA Market Snapshot for October 2007

Here are the latest top-level summary of market conditions for Single Family Residences (SFR) and Condo sales only in these areas within the greater Atlanta area served by ZipRealty:

City	# Transactions	October 2007 Average Sales Price
Canton	56	$243,569
Woodstock	75	$205,732
Marietta	209	$235,305
Cumming	115	$307,570
Atlanta	367	$323,771
Alpharetta	106	$347,232
Lawrenceville	156	$196,544
Dallas	58	$193,304

Read more about homes and neighborhoods in the Atlanta area.

All numbers are from the MLS and are deemed reliable but not guaranteed, as of 11/26/2007.

Homes for Sale via RSS

For all of you techies out there, we are now beginning to move into the RSS/XML world. For those of you who know what RSS (‘Really Simple Syndication’ or ‘Rich Site Summary’) is, you can now receive all of our new ZipRealty home listings via this channel. Whether you us My Yahoo!, Bloglines, or any other news reader, you can now receive daily, updated home listings from ZipRealty. Learn more about RSS here. If you are ready to get started, pick the area of homes you are interested in and follow the link:

Atlanta Homes for Sale via RSS – ZipRealty

San Francisco Bay Area Homes for Sale via RSS – ZipRealty 

Boston Homes for Sale via RSS – ZipRealty

Chicago Homes for Sale via RSS – ZipRealty

Dallas Homes for Sale via RSS – ZipRealty

Houston Homes for Sale via RSS – ZipRealty

Las Vegas Homes for Sale via RSS – ZipRealty

Los Angeles Homes for Sale via RSS – ZipRealty

Miami Homes for Sale via RSS – ZipRealty

Phoenix Homes for Sale via RSS – ZipRealty

Sacramento Homes for Sale via RSS – ZipRealty

San Diego Homes for Sale via RSS – ZipRealty

Seattle Homes for Sale via RSS – ZipRealty

Washington DC Homes for Sale via RSS – ZipRealty

Change In Atlanta Air From Katrina

The cooler dry winds of Autumn have already started to flow down from the Appalachians and the beginnings of orange tint to some of the leaves in some stately oaks in North Atlanta neighborhoods can be seen, leaving no doubt Summer will soon come to an end. With still near record low interest rates and a great supply of homes to choose from, our surging late summer activity levels are as brisk and welcome as our newfound cool morning breezes.

Part of this activity, of which we’re just now witnessing the leading edge, has been triggered by the huge displacement of people from their homes and jobs in our not-too-distant neighbors in Louisiana and Mississippi. Many have already joined family and friends throughout North Georgia. It’s reasonable, too, to expect many displaced corporate personnel and activities to be absorbed here beginning in fourth quarter 2005 taking up some of the slack we’ve been experiencing in corporate relocation in the region this year.

Change is in the air this month. Atlanta is well poised with a very reasonably priced market and relatively close proximity to absorb our disaster-struck neighbors and business relocations - continuing our steady growth in economic diversity and prosperity.

Jimmy Herchek
REALTOR®
ZipRealty, Inc.
Toll Free: 1.800 CALL ZIP x 4930
Cell: 404.429.9528
Email: jimmy.herchek@ziprealty.com
http://www.ziprealty.com

Bubbling In Atlanta?

Atlanta lies in the heart of the fastest growing area of the country with no natural boundaries to restrict its growth. As a transportation, business, and cultural crossroads situated in the sprawling forests of the Appalachian foothills, we have ample land, building materials, and infrastructure to continue growing in all directions at very reasonable costs.

The quality of life is exceptionally high in Atlanta. It's a great place to raise a family, work, play or retire. And home prices always have been consistently lower than most major metro areas – which can often be 2, 3 or 4 times higher than the cost of housing in greater Atlanta.

A well diversified economic base has kept us immune from other notable real estate downturns like those that accompanied the Texas oil or California high-tech bubble bursts. Historically, Atlanta has never been a volatile market with sharp spikes or drops in prices. Even in the worst times of 20% interest rates of the late 1970’s or the recession of the early 1990’s, prices did not soften as much as other cities - and we were always in the lead of the rebound.

My previous report discussed how record-breaking new construction and a surprise small decline in corporate relocations have changed the supply and demand equations in Atlanta this summer to more of a buyers market. With some builders quietly delaying the groundbreaking of new projects, it appears minor adjustments to this market condition are now being made to keep things right on track.

Like almost everything else in real estate, location is the fundamental factor in determining the health of the local market. Atlanta is, as it always has been, in great shape to continue its remarkable growth well into the future.

Jimmy Herchek
REALTOR®
ZipRealty, Inc.
Toll Free: 1.800 CALL ZIP x 4930
Cell: 404.429.9528
Email: jimmy.herchek@ziprealty.com
http://www.ziprealty.com

The Good Life In Atlanta

The good life just keeps getting better in Atlanta - and because of supply and demand more affordable. Our area median home price is right at the $200,000 mark. And with nearby lakes and mountains and all our other amenities, you can’t even come close to buying our quality of life in other big cities for less than 2 or 3 times comparable amounts.

With demand from corporate relocation easing this summer and supply increasing thanks to record-breaking new home construction sales, prices and terms have definitely shifted to the buyer’s side of the transaction. With interest rates still near 40 year lows, it’s the perfect time to buy in Atlanta.

But don’t wait too long – the one thing all lenders now agree upon is that these rates won’t last through the end of the year. If you’re thinking about making a move in the Atlanta area, now’s the time to act.

Jimmy Herchek
REALTOR (R)
ZipRealty, Inc.
Licensed in Georgia
Toll Free: 1.800 CALL ZIP x4930
Cell: 404.429.9528  Fax: 404.592.9084
jimmy.herchek@ziprealty.com
My Profile: http://www.ziprealty.com/LH/4/15334

Atlanta Real Estate Market

Forbes Magazine defines living the “good life” in Atlanta as having a million dollar Buckhead home along with a another million dollar St. Simon Island vacation home, private schools for the kids, and two new luxury cars in your three car garage. Forbes calculates all this is very affordable with an average yearly income of $307,000.

Good life abounds all over Atlanta. We have our share of million dollar estates here in what’s called the Golden Triangle northern suburbs of Cobb, North Fulton and Gwinnett counties, but most of the sweet life is found in neighborhoods in the $200,000 to $400,000 range making Atlanta one of the America’s most affordable big cities to live in. We are close to the north Georgia Mountains, have Lakes Lanier and Allatoona in our backyards, and all the amenities of Atlanta just thirty minutes or so away.

Interest rates remain at record lows in Atlanta with no evidence of a real estate speculative bubble. Historically, Atlanta real estate appreciates at a 3 to 4 percent annual rate. This year, prices appear to be moderating as record-breaking new home construction keeps supply just ahead of demand creating an excellent buyers market here in the heart of Dixie.

Jimmy Herchek
REALTOR (R)
ZipRealty, Inc.
Licensed in Georgia
jimmy.herchek@ziprealty.com
Toll Free: 1.800 CALL ZIP x4930
Cell: 404.429.9528
Fax: 404.592.9084
My Profile: http://www.ziprealty.com/LH/4/15334