Things
have been moving along quite nicely in the northern part of Atlanta and today,
as we report on the real estate market for 2012 – the numbers look promising.
As we continue to move into 2013 it is very clear that we expect strong sales,
unprecedented activity in the marketplace and favorable conditions on both
sides of the fence.
Distressed and
Equity Sale Divide Grows Wider
Looking
at the number of properties that were sold, including single-family homes,
condos and land sales – we had a total number of 26,825 properties sold in 2012
just in the northern part of Atlanta alone. Of those properties, a very
significant 75% of them stemmed from sellers that had equity in their homes as
opposed to being in distressed situations.
Fewer Distressed
Property Sales in 2012
Just
25% of the total sold properties represent distressed properties (foreclosures,
short sales and bank-owned properties). Taking a closer look at the distressed
inventory that sold during 2012, we reported 12% foreclosure sales at 3,259
properties sold, there were 2,838 short sales that represent 11% of total sales
and HUD homes accounted for 3% at 642 properties sold.
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What
this means for you as a seller is that things are becoming much more favorable
to you, giving you far more flexibility in the marketplace and of course the
ability to gain top dollar for your home that will likely sell quickly.
If
you would like more information on how we can sell your home for you – or if
you are a buyer looking to seize the amazing opportunities today’s marketplace
presents, please contact us today! We look forward to helping make your real
estate dreams become a reality!
