Atlanta Market Update 2012; Sellers Gaining Ground




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!

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