Real Estate Market Recovery

rhonda2013 was a great year of recovery for the real estate market!    

Here are few points of interests:

NATIONAL

Sales by units were up 11%

Sales by dollar volume was up 18%

The average sales price was up 6.5%

METRO ATLANTA

Sales by units were up 3.2%

Sales by dollar volume was up 29.3%

The average sales price was up 25%

Atlanta Fine Homes Sotheby’s International Realty                                        Our company continues to outperform the competition. In 2013, we had a 53% increase in the number of homes sold! Additionally, we have the highest productivity per agent of any real estate company in our marketplace.

Real Trends predicts that for 2014, home sales nationally will be up 4 – 6% and that home values will increase 5 – 8%.

Overall, these are very positive numbers for the market. As most of you have heard me say before, there is no such thing as a national real estate market. Even within my sub-market of North Atlanta, there are significant differences in these numbers when you analyze by specific neighborhood and price point.

chart of real estate recovery

The chart above represents the six country area of northern Metro Atlanta.  The light green bar represents the total number of homes on the market each month for 2013.  The dark green bar represents the number of homes sold each month.   The red line represents the number of homes that went under contract.  While the trends in the market have been quite positive, the fact remains that it is the homes that are professionally staged, priced competitively, and marketed aggressively are the ones that sell and sell for top dollar.

To learn more about our comprehensive strategy for a successful sale, we can schedule a personal consultation. Or if you would simply like more insight into what is happening with home values in your neighborhood, please call or email me anytime.  I’d love to hear from you! You can contact me at rhonda@atlantafinehomes.com

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