Kirkwood Atlanta Home Sales

GOOD NEWS!  The number of Kirkwood homes sold in the 2nd Quarter (April – June) are significantly UP from previous years and have more than doubled from earlier this year. 

The average home sales price ($228K)  in 2Q did decline from the previous years, but it was a great improvement from 1Q 2010 – up by almost $50,000. 

To sum up 2Q 2010:

• The number of homes sold is up about 25% from 2Q 2009
• Average sale price is slightly down from 2009 ($232K vs $228K)
• It is taking longer to sell a home (101 days on average) than it did this time last year
• This quarter was a big, big improvement from 1Q 2010 (Jan – March)

Major contributors to increase in 2Q 2010 home sales would be the historically low interest rates and tax incentives for first time home buyers.    

If you have questions about the data above and/or if you would like to better understand the value of your home, please don’t hesitate to call Kerry Lucasse at (404) 432.1844.

View ALL the homes for sale in Kirkwood at:

MORE KIRKWOOD REAL ESTATE REPORTS:

 >> View the 1Q 2010 Kirkwood Real Estate Market Report <<

>> View the full 2009 Kirkwood Atlanta Real Estate Market Stats & Home Sales Report <<

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 Thanks for stopping by our Intown Atlanta Real Estate Blog!

Posted by:  Kerry Lucasse – Atlanta GA Real Estate Agent – Atlanta Home Search Team
The ATL Home Search Team is part of Keller Williams Realty, specializing in Intown Atlanta real estate including Grant Park, Kirkwood, Oakhurst, and East Atlanta neighborhoods.

CALL ANYTIME -  404.432.1844

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Unfortunately, the first quarter of 2010 did not start out on a high note – on a national level and in our Kirkwood neighborhood.  Even with the historically low interest rates and tax incentives for repeat and first time home buyers, the Kirkwood Atlanta home sales were down almost 30% compared to the first quarters of 2008 and 2009. 

Why?  Experts are blaming the sales decline on Mother Nature.  With the poor weather conditions in January and February and the increased number of foreclosures and short sales, homes took 142 days to sell in 1st quarter (compared to 64 days in 2009).

THE GOOD NEWS…

In the first week of April, there were already 14 homes under contract in Kirkwood.  Things are definitely looking up for the 2nd Quarter of 2010!

If have questions about the information above and/or if you’re curious about the value of your home, I would be happy to provide a “no-strings attached” market analysis.    Call anytime at 404.432.1844.

In the meantime, you can view all of the homes for sale in Atlanta’s popular Kirkwood neighborhood…

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 Thank you for visiting our Atlanta Real Estate Blog!

Posted by:  Kerry Lucasse – Atlanta GA Real Estate Agent – Atlanta Home Search Team
The ATL Home Search Team is part of Keller Williams Realty, specializing in Kirkwood real estate.

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If you are thinking of selling your Atlanta or Decatur home this Spring, it is more important that ever to do your homework PRIOR to pricing and listing your home.

Pricing your home correctly the FIRST time can not only get your home sold faster, it can save you thousands.  As of 3Q09, homes that price their home correctly (and didn’t have to reduce), sold their home in 27 days.

Yes,  even in this crazy real estate market, you CAN sell your home in 30 days or less!

As you’ll see in the first chart below, those Atlanta home sellers that had to reduce the price one or more times, they were on the market for 256 days… that’s almost 10 times longer.

If you think you have the patience to wait 256 days to sell your home, consider your pocketbook.  

The  sellers that priced the home correctly the first time, sold their home for 96.8% of the their listing price. 

For those sellers that wanted to “test the market” and start with a higher listing price, they ended up selling their home for 75.7% of the original list price.  

On a $300,000 home, that is a difference of more than $60,000.

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So how do you make sure that you price it correctly the FIRST time?  I would recommend the following:

1)  Interview three local Atlanta real estate agents

2)  Ask them to walk you through the neighborhood sales from the last 3 MONTHS.  The market is constantly changing, so a home that sold a year ago in your neighborhood is no longer a true comparable

3)  Understand your current competition – ask the real estate agent(s) to show you the other homes that are for sale in your neighborhood so you have a clear understanding of how your home stacks up 

4)  Get the agents honest feedback on your home’s value.  If you receive three separate opinions, you should be able to determine the fair market value for your home… and GET IT SOLD!

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 Thank you for visiting our Atlanta Real Estate Blog

Posted by:  Kerry Lucasse – Atlanta GA Real Estate Agent – Atlanta Home Search Team
The ATL Home Search Team is part of Keller Williams Realty,
specializing in Intown Atlanta and Decatur Real Estate, Foreclosures and Bungalows & Historic Homes

CALL US ANYTIME AT 404.432.1844

SEE MY CLIENT FEEDBACK AT:  http://www.KUDZU.com/merchant/1106107.html

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>>  Read the article from Yahoo Finance – “July Home Sales Surge”

>>  Read the article from MSNBC –”Home Sales Soar 7.2 percent”

 If you are a potential first time home buyer in Atlanta and are still on the fence, please do not miss this fantastic opportunity.  In addtion to the Federal Tax Credit of $8000, the interest rates are still fantastic. 

PLEASE NOTE:  If you want to take advantage of the tax credit, there are only 97 days left!  Typically it takes 30 to 40 days to purchase the home once you are under contract, so you really only have about 60 days to find your dream home.

If you have ANY questions about the home buying process in Atlanta or Decatur, call the Atlanta Home Search Team anytime at 404.432.1844.  About 70% of the buyers we are working with are “first-timers” and we would love to help you find your first place.

Thank you for visiting our Atlanta Real Estate Blog! 

Kerry Lucasse – Atlanta GA Real Estate Agent – Atlanta Home Search Team
The ATL Home Search Team is part of Keller Williams Realty,
specializing in Intown Atlanta Real Estate, Condos, Lofts and Historic Homes

If you are thinking of Buying a Home, Condo or Loft, call us anytime at 404.432.1844.

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If you are thinking of buying or selling a home in Atlanta, there are quite a few fantastic (and not-so-fantastic) sources out there that will allow you to view the  home values in your area.  To follow is a no-nonsense list of ALL the homes that have sold in 2009 (as of July 31, 2009).  You can see photos of each home, the listing price, final sales price and even how much the sellers paid in buyer closing costs.

Please click on the links below to view the Atlanta and Decatur homes that sold and see how your home stacks up!

OAKHURST Decatur – Zip code 30030

>>  See ALL the Oakhurst home sales in 2009

>>  View ALL the current Oakhurst homes for sale

KIRKWOOD Atlanta – Zip code 30317

>>  See ALL the Kirkwood home sales in 2009

>>  View ALL the Kirkwood homes currently for sale

EAST ATLANTA – Zip code 30030 

>>  See ALL the East Atlanta home sales in 2009

>>  View ALL the East Atlanta Village homes for sale

GRANT PARK Atlanta - Zip code 30312

>>  See ALL the Grant Park home sales in 2009

>>  View ALL the Grant Park homes currently for sale

ORMEWOOD PARK Atlanta – Zip code 30316

>>  See ALL the Ormewood Park homes that sold in 2009

>>  View ALL the current homes for sale in Ormewood Park

CANDLER PARK / LAKE CLAIRE Atlanta – Zip code 30306

>>  See ALL the Candler Park and Lake Claire home sales in 2009

>>  View ALL the current homes for sale in Lake Claire

>>  View ALL the current homes for sale in Candler Park

 *** IF THERE IS A NEIGHBORHOOD WE DIDN”T COVER HERE, WE’LL SEND YOU A COMPLIMENTARY REPORT — JUST EMAIL KERRY LUCASSE @  KerryLucasse@kw.com. 

 
Thank you for visiting our Atlanta Real Estate Blog! 

Posted by:  Kerry Lucasse – Atlanta GA Real Estate Agent – Atlanta Home Search Team
The ATL Home Search Team is part of Keller Williams Realty,
specializing in Intown Atlanta Real Estate and Historic Homes

Call us anytime at 404.432.1844

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Multiple offers seems to be the BEST indicator that the market is picking up.  With Atlanta first-time home

 buyers coming out of the woodwork to claim their $8000 tax credit, homes that are priced under $350K seem to be selling in less than 30 days, often with MULTIPLE OFFERS!

In the last three months, I have been involved in more than a dozen multiple offer situations in the “Intown Atlanta” neighborhoods….including Kirkwood (FOUR different homes!), East Atlanta (two different homes), Candler Park, Ormewood Park, Oakhurst (two different homes), Downtown Decatur, and the Oak Grove / Briarlake area.

If you are buying your first home (or even your 2nd or 3rd), it is SO important to have a Buyer’s Agent by your side.  Not only will they help you negotiate the best price on the home, they will know how to help you write the best offer when / if you get into a mutiple offer situation.

If you find your dream home and think there could be other interested buyers, there are a few things you can do to make YOUR offer more appealing to the sellers:

• Be flexible with the terms
• Keep the contingencies to a minimum
• Allow seller to say in the home for an extra 48 hours or even a week after closing so they can get their affairs in order
• Avoid “special requests” or keep them to the bare minimum – you can always negotiate them later in the transaction… once the seller has selected YOUR OFFER!
• Add a special stipulation that you will not request any repairs that exceed $250 or $1000
• Add a personal touch and include a letter to the seller with your offer – sellers often want to know a bit about he buyer and  also some reassurance that they are passing their home along to another family who loves it as much as they do
• And of course, offer them the most you are willing to pay for the home.  It is so important to put your best foot forward, as you may only have one chance

If you are thinking of selling your Intown Atlanta home this year, I would love to talk with you about my sales strategy that often generates multiple offers!

KERRY LUCASSE  ::  KELLER WILLIAMS REALTY  ::  404.432.1844  :: KerryLucasse@yahoo.com

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The Spring season is officially here and the real estate market in Atlanta’s Intown neighborhood, Kirkwood, seems to be weathering the storm. 

Here’s a snapshot of the home sales activity in Kirkwood today:

• Currently, there are 109 single family homes on the market in Kirkwood Atlanta, ranging in price from $32,500 to $699,900
• Three homes are under contract
• 21 homes sold YTD at a 95.5% list to sales price ratio (which is much higher than the Metro Atlanta list to sales price ratio of 90.1%)
• Current Absorption Rate = 12 months
• # of Days on the Market = 56 (GREAT compared to the 2008 Kirkwood average of 66 and the current Metro Atlanta average of 90)

Overall, the quality of the current inventory is lacking, so the quality renovations and bungalow style Kirkwood homes are seling within the first 2 to 5 weeks they are on the market. 

KERRY LUCASSE   ::   KELLER WILLIAMS REALTY   ::    404.432.1844   ::    KerryLucasse@yahoo.com

**Serving Metro Atlanta and specializing in Atlanta’s Intown Neighborhoods, including Kirkwood, Oakhurst, Grant Park, Ormewood Park, East Atlanta, and Virginia Highlands

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 Atlanta Real Estate – Kirkwood Atlanta homes for sale

The results are in! 

2008 was a challenging year for many areas of Metro Atlanta, but Atlanta’s popular intown neighborhood, Kirkwood fared quite well overall. 

To follow is an overview of the sales activity in Kirkwood  from 2006 and 2008. 

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Information retrieved from First MLS by Kerry Lucasse on 01/04/09 and is believed to be accurate but is not guaranteed.

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SO WHAT DO THE NUMBERS ACTUALLY MEAN TO YOU?

• NUMBER OF HOMES SOLD IN KIRKWOOD — The number of homes sold year over year declined 16% from 2006 to 2008, but only 3.3% from 2007 to 2008. 
• KIRKWOOD HOME PRICES — The average home price in Kirkwood spiked in 2007, partially due to a higher number of new construction home sales, high-end bungalow renovations, and the completion of the new Kirkwood Village.  The average list price AND the average sale prices in Kirkwood were much lower in 2008 due in part to the higher number of foreclosure homes.  I will say that the high quality bungalow renovations are still demanding a price similar to 2006 and 2007.  It isn’t an exact science, but quality updated homes are almost always the first to sell in any neighborhood — and even in this market, we are still seeing multiple offers.
• HOW MUCH DID SELLERS REDUCE THEIR ASKING PRICE?  The percentage of list price to sale price ratios remained fairly constant over the last three years, which tells us that sellers and their agents are doing a good job pricing the homes correctly.  Using the average percentage from 2006, if a home was listed at $300,000 the average final sales price would be $291,000.  In 2008, the $300,000 home (on average) would sell for $288,000.
• HOW LONG DID IT TAKE HOMES IN KIRKWOOD TO SELL?  The number of days that a Kirkwood home was on the market has also remained fairly stable — approximately 6% longer from 2006 to 2008.  If you are thinking about selling your home in Kirkwood — or any neighborhood — it is so important to price you home correctly the FIRST time.  Research tells us that your home will sell faster and for a higher price. 

If you have any questions about the sales data or if you would like to understand what your home is worth in today’s market, please call anytime at (404) 432.1844 or email me.

 KERRY LUCASSE   ::   KELLER WILLIAMS REALTY   ::    404.432.1844   ::    KerryLucasse@yahoo.com

**Serving Metro Atlanta and specializing in Atlanta’s Intown Neighborhoods, including Kirkwood, Oakhurst, Grant Park, Ormewood Park, East Atlanta, and Virginia Highlands

For those of you who are thinking of moving to Decatur or selling your Decatur GA home, I thought it might be helpful for you to have a snapshot of the number of active listings (homes for sale) versus the number of homes that are under contract in Decatur.

To follow is my update from the Atlanta First Multiple Listing Service (MLS).  It includes Decatur single family detached home listings for sale in Dekalb County as of November 20, 2008:

Active - 1143 Homes are currently available for sale 

See all homes for sale in Decatur

Under Contract – A total 243 homes are under contract:

• Contingency – Due Diligence - 7 Properties Found 
• Contingency – Other - 4 Properties Found
• Pending - 232 Properties Found

The Decatur real estate market has always been quite strong, thanks to the outstanding school system, the active neighborhood associations, charming neighborhoods, and the proximity to Downtown Atlanta, Emory University and the interstates.

If you are thinking about selling your Decatur home, you can see here that there is only ONE BUYER for every SIX HOMES (approx) on the market today.   To sell your home quickly and for the most money, you need to price it correctly and make sure that your home stands out from the crowd.  

If I can be of assistance and/or if you would like feedback on the current condition and value of your Decatur home, please don’t hestitate to contact me at (404) 432.1844 or email.

 

Here is a snapshot of the September Home Sales in Oakhurst..  

• - Homes are selling for 97.3% of the list price
• - The average number of days that a home is on the market (DOM) is 71
• - The average sale price for a 3 bed / 2 bath home is $346,485
• - None of the homes were foreclosure sales 

If you have any questions about the Oakhurst home sales or would like a complimentary home analysis for your Intown Atlanta home, call me anytime at 404.432.1844.  I work and live in the Oakhurst / Kirkwood area and would be honored to help you sell your home for the maximum profit… in the shortest amount of time!

>>> View ALL the homes currently for sale in Oakhurst

>>> Get additional information about the Oakhurst Neighborhood Association

All the best,

Kerry Lucasse

Keller Williams Realty

404.432.1844

KerryLucasse@kw.com

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