Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 36 views

    Market Update: Solid Source Realty, Inc

    Uploaded by

    tkholt450
    The median list price in ATLANTA, GA this week is $220,000. The 4855 properties have been on the market for an average of 168 days. Supply and Demand Inventory levels have been relatively consistent relative to sales.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd

    Market Update: Solid Source Realty, Inc

    Uploaded by

    tkholt450
    36 views6 pages
    The median list price in ATLANTA, GA this week is $220,000. The 4855 properties have been on the market for an average of 168 days. Supply and Demand Inventory levels have been relatively consistent relative to sales.

    Original Title

    Altos Report ATLANTA None 2011-04-29

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The median list price in ATLANTA, GA this week is $220,000. The 4855 properties have been on the market for an average of 168 days. Supply and Demand Inventory levels have been relatively consistent relative to sales.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    36 views6 pages

    Market Update: Solid Source Realty, Inc

    Uploaded by

    tkholt450
    The median list price in ATLANTA, GA this week is $220,000. The 4855 properties have been on the market for an average of 168 days. Supply and Demand Inventory levels have been relatively consistent relative to sales.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 6

    Solid Source Realty, Inc.

    MARKET UPDATE
    ATLANTA, GA

    · Current Real Estate Market Conditions for Single Family Homes


    · Trends in Pricing
    · Current Levels of Supply and Demand
    · Value Metrics

    · Report for the week of


    April 29, 2011

    · Presented by Solid Source Realty, Inc.


    Solid Source Realty, Inc.
    www.HomesByHolt.com
    404-518-0114

    Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
    City Overview Single Family Homes in

    Solid Source Realty, Inc. - www.HomesByHolt.com


    ATLANTA, GA

    This Week Real-Time Market Profile Trend


    The median list price in ATLANTA, GA Median List Price $ 220,000 ==
    this week is $220,000. The 4855 Average List Price $ 391,473
    properties have been on the market Asking Price Per Square Foot $0 ±+
    for an average of 168 days. Average Days on Market (DoM) 168 ≠≠

    Inventory of Properties Listed 4855 ==

    Most Expensive Listing $ 22,500,000


    Inventory is up and Market Action is Least Expensive Listing $ 10,440

    trending down recently. While days- Average Age of Listing 42


    on-market appears to be trending Percent of Properties with Price Decrease 36 %
    lower, the overall conditions are Percent Relisted (reset DOM) 11 %
    weakening a bit. Percent Flip (price increased) 3%
    Median House Size (sq ft) 0
    Median Lot Size 0.25 - 0.50 acre
    Median Number of Bedrooms 3.0

    Supply and Demand


    Median Number of Bathrooms 2.5

    Altos Research Value Statistics


    Inventory levels have been relatively Market Action Index Strong Buyer's 16.3 ≠≠
    consistent relative to sales. Despite The Market Action Index answers the question "How's the Market?" by measuring
    the current rate of sale versus the amount of the inventory. Index above 30
    the fact that there is a relatively implies a seller's advantage. Below 30, conditions give the advantage to the
    high amount of available inventory, buyer.
    this Buyer's market is still seeing
    prices move higher. Given inventory Trend Key: == Strong upward trend ≠≠ Strong downward trend
    levels, these price conditions are ±+ No change = Slight upward trend ≠ Slight downward trend
    relatively fragile. If the market
    cools off further, the price trend is
    likely to reverse.

    Characteristics per Quartile

    Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

    0.50 - 1.0
    Top/First $ 719,900 0 acre 5.0 4.0 26 1213 88 24 184 Most expensive 25% of properties

    0.25 - 0.50
    Upper/Second $ 323,950 0 acre 4.0 2.5 45 1214 91 41 167 Upper-middle 25% of properties

    0.25 - 0.50
    Lower/Third $ 139,900 0 acre 3.0 2.0 46 1214 83 49 174 Lower-middle 25% of properties

    0.25 - 0.50
    Bottom/Fourth $ 36,300 0 acre 3.0 2.0 56 1214 109 63 148 Least expensive 25% of properties

    Page 2 of 6 Monday May 2, 2011


    Single Family Homes in
    City Overview
    Solid Source Realty, Inc. - www.HomesByHolt.com
    ATLANTA, GA

    Median Price
    This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general
    over the last several weeks.

    7-day Average 90-day Average

    Quartile Prices
    Prices in most of the market trending have been higher in recent weeks except for the high-end of the market, which has been
    essentially flat.

    First/Top Second/Upper Third/Lower Fourth/Bottom

    Page 3 of 6 Monday May 2, 2011


    Single Family Homes in
    City Overview
    Solid Source Realty, Inc. - www.HomesByHolt.com
    ATLANTA, GA

    Price per Square Foot

    7-day Average 90-day Average

    Inventory of Properties Listed for Sale


    Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market
    Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

    7-day Average 90-day Average

    Page 4 of 6 Monday May 2, 2011


    Single Family Homes in
    City Overview
    Solid Source Realty, Inc. - www.HomesByHolt.com
    ATLANTA, GA

    Market Action Index


    The ATLANTA market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index
    stands at 16.25. With several months of inventory available at the current sales rate, buyers should find ample choice.

    90-day Average Buyers/Sellers Cutoff

    Market Action Index per Quartile


    Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months of
    inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market
    shifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group
    changes.

    First/Top Second/Upper Third/Lower Fourth/Bottom

    Buyers/Sellers Cutoff
    Residential house prices are a function of supply and demand, and market conditions can be characterized
    by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s
    Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

    The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical function
    of the current rate of sale versus current inventory.

    Page 5 of 6 Monday May 2, 2011


    Single Family Homes in
    City Overview
    Solid Source Realty, Inc. - www.HomesByHolt.com
    ATLANTA, GA

    Days on Market
    The properties have been on the market for an average of 168 days. Half of the listings have come newly on the market in the
    past 98 or so days.

    7-day Average 90-day Average

    Days on Market per Quartile


    It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

    First/Top Second/Upper Third/Lower Fourth/Bottom

    Page 6 of 6 Monday May 2, 2011

    You might also like