Kirkwood Atlanta Real Estate Market Statistics - Homes for Sale in Kirkwood

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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Atlanta Foreclosures – Loft Foreclosures – Townhome Foreclosures

With the first-time homebuyer tax credit deadline having come and gone, you may be asking yourself, “What now?” Fortunately, the door is now open to a new wave of savings:  DISTRESSED PROPERTIES (a.k.a Foreclosures, REOs and short sales).

For many buyers in Atlanta, the term foreclosure brings up images of run-down homes with no heat and rotting wood. While this is still the case for some homes, it’s no longer the standard.  In fact, we’ve worked with quite a few first time buyers in Atlanta who are snatching up foreclosure and short sale homes that in decent condition for bargain basement prices. 

According to a November 2009 Keller Williams Research Buying Distressed Properties Survey:

• 40 percent of all buyers for bank-owned foreclosures (REOs) were first-time buyers in 2009
• 50 percent of all short sale buyers were first-time buyers

By definition, a “distressed property” is one that was purchased with a loan and the homeowner is no longer able to make their mortgage payment resulting in foreclosure – or if they’re lucky a short sale – meaning they owe more on the home than it’s currently worth. With a 20 percent increase in foreclosures from 2009, distressed properties still remain a large portion of home sales and are going to continue well into 2010 as homeowners continue to feel the effects of an economy on the mend.

If you’re in the market for a home in Metro Atlanta and are prepared for a unique transaction (smile!), a foreclosure or short sale property can be a great option. Here’s are four important reasons why you should consider the foreclosure option:

1)  Prices are low – Buying a foreclosed property in and around Atlanta is an excellent way to get a home for less. Research shows you can save 10-40 percent over the price of similar properties in a traditional sale.

2)  Mortgage costs are low – With rates hovering near historic lows, financing costs to are favorable.  Please keep in mind, rates are always changing. It’s important to begin the pre-approval process so that you know how much you can realistically afford.

3)  You have options – The number of Atlanta homes in some stage of the foreclosure process still remains high. RealtyTrac, a site dedicated to tracking foreclosures across the country, estimates that there are approximately 2.1 million homes in some stage of foreclosure in the US.

4)   Sellers and lenders are motivated – According to data from RealtyTrac, in April, one in every 387 households in the country has received a foreclosure filing. The bottom line is that many sellers are still feeling the pain of a down economy and are anxious to out get from under a home that is putting stress on their current financial frustrations. While it is still an emotional transaction, these sellers are willing to come down on price or even consider concessions such as helping out on closing costs. Banks holding on to large portfolios of Real Estate Owned (REO) properties want to unload quickly – and price these home to sell.

READY TO START SHOPPING?  SEARCH FOR FORECLOSURES IN METRO ATLANTA

Find Foreclosures in Popular Atlanta Neighborhoods

Dekalb County Home Foreclosures

Fulton County Home Foreclosures

Condominium Foreclosures

Loft Foreclosures

Townhome Foreclosures

Your best ally when purchasing a distressed property is a real estate expert. Always have a professional REALTOR® by your side to help you make informative decisions. 

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 Thank you for visiting 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 Grant Park, Kirkwood, Oakhurst, and East Atlanta real estate.

CALL KERRY ANYTIME AT 404.432.1844

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Craftsman Bungalows in Oakhurst and Kirkwood

JUST REDUCED!

2108 Wisteria Way  ::   Kirkwood Atlanta  ::  Walk to the Oakhurst Village and Dog Park

This impeccable Craftsman home is less than 5 years old, but it still feels like a brand new home.  This home features two master suites (one on each level), two regular bedrooms, two LARGE BONUS ROOMS, and a two-car garage.  It is really “too” good to be true!

On Thursday, we reduced the price by almost $24,000.  The new price is just $415,000!

>>  TOUR THIS CRAFTSMAN HOME ONLINE

>> Visit the  WISTERIA WAY page on Facebook!

Want to see how this home stacks up against other homes in Kirkwood and Oakhurst?

View ALL the homes for sale in Oakhurst at:   http://www.inOAKHURSTga.com

View ALL the homes for sale in Kirkwood at:   http://www.inKIRKWOOD.com

Search for ALL of the Craftsman-style bungalows for sale in Atlanta at:  http://www.ATLhomesearch.com/bungalows.html

If you would like to make an appointment to view 2108 Wisteria Way, please call Kerry Lucasse at 404.432.1844.

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Homes for sale in Garden Hills Atlanta – Best Atlanta Neighborhoods for Families

JUST SOLD IN GARDEN HILLS!

This gorgeous, fully restored Tudor-style home on Bolling Road, was in high demand the moment it was listed.  In the first weekend, three different buyers submitted offers on the home and three others were waiting in the wings to submit a back up offer. 

We are VERY pleased to announce that the Kohl Family is now the proud owner of this home and we couldn’t be happier for them. 

If you are reading this blog post, I’m sure you’re curious about the sales price… The listing price for this 4 bedroom Tudor was $750,000… and it sold at 98.6% of the listing price.  It’s a wonderful sign that the market is recovering!

If you are looking for the best that Atlanta Intown living offers, the popular Garden Hills neighborhood should be at the top of your list.  This upscale intown neighborhood is located between Peachtree and Piedmont roads and is bordered by Pharr Road and East Wesley Road.  It’s convenient to shopping, restaurants, festivals, Marta and the interstate.

The charm of this neighborhood is undeniable – with tree-lined, winding streets, small parks, impeccable landscaping, people jogging or walking their dogs, and children walking to the Garden Hills pool, soccer field or rec center. 

ARCHITECTURE:  Homes in Garden Hills range from Tudor, Georgian, Craftsman and Spanish Revival.  Many of the residents have done a wonderful job restoring the homes with period details… and all the modern conveniences.  In 1987, the homes on the oldest streets in Garden Hills were given historic district status. 

 SCHOOLS:   In addition to several private schools, this neighborhood is home to the highly acclaimed Garden Hills Elementary, as well as Sutton Middle School and North Atlanta High School.   For more information,  please visit GreatSchools.com

HOME VALUES:   Even in the current real estate market, home values remain fairly stable and single family homes range in price from $300,000 to $1.8M.   The average sale price is in the low to mid $700s.  

>> View ALL the homes for sale in Garden Hills <<

>> Search for Condominiums and Lofts in the Buckhead / Garden Hills area <<

>> Search for Townhomes for sale in the 30305 zip code << 

 If you are looking in the Buckhead, Peachtree Hills or Garden Hills district, please call Kerry Lucasse and her team at (404) 432.1844 with your questions.  We would be honored to assist you with your next property.

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 Thank you for visiting 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 Buckhead, Garden Hills, Brookhaven and Virginia Highland neighborhoods.

PHONE:  404.432.1844

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