Tag Archives: north atlanta real estate

Incredible 26 Acre Equestrian Farm in Milton

Bethany’s Rest is an extraordinary property that is prominently situated on 26 acres in the heart of Milton.

This is a home where you will create the most special family memories that will become a lasting legacy.

Please click here to see additional photos and more information online.

bethany_road_side_front

13650 Bethany Road, Milton, GA

This Bill Baker designed main residence features a wraparound porch with visually stunning views of the lawn, spring fed stocked lake, riding ring, 5 stall barn, pool and spa.

Perfectly situated on an idyllic 26 acres in Milton.

Perfectly situated on an idyllic 26 acres in Milton.

bethany_road_entrance

A handsome entrance sets the stage for a beautiful estate.

Linger on the welcoming wrap-around porch.

Linger on the inviting wrap-around porch.

Inside, the main kitchen is the heart of the home and is open to the family room and breakfast area.

Inside, the main kitchen is the heart of the home and is open to the family room and breakfast area.

The stately study awaits a new owner.

The stately study awaits a new owner.

Impeccably manicured pastures for champion horses.

Impeccably manicured pastures for champion horses.

Terrace level has in-law/au pair suite. Barn includes a care takers residence with office and separate laundry, RV storage and 6 car garage.

Barn includes a care takers residence with office and separate laundry, RV storage and 6 car garage.

Barn includes a care takers residence with office and separate laundry, RV storage and 6 car garage.

Come and experience the rest and peace that will envelope you from the moment you enter through the gates.

Offered at $3,200,000

13650 Bethany Road  –  Milton, GA  30009

Rhonda Haran

Atlanta Fine Homes Sotheby’s International Realty
404.556.5600­
770.442.7300­
Atlanta Fine Homes Sotheby’s International Realty
678.938.2946­
866.919.3607­
Advertisements

The Truth About NAR’s Home Sales Numbers

As I always say, there really is no such thing as a national real estate market. This article from the KCM blog helps to explain the recent report from NAR on a national level.  However, what is important to be familiar with is what is going on locally.   For current, accurate data for your own neighborhood, I am always happy to hear from you.  Send me an email at  rhonda@atlantafinehomes.com unnamedThe National Association of Realtors (NAR) released their latest Existing Homes Sales Report recently. The year-over-year comparison of overall sales did not paint a pretty picture. NAR itself called the sales numbers “subdued”. Other media sources used stronger terminology. There is no doubt that home sales were lower this February (4.60 million) than last February (4.95 million). However, a closer look at the report gives us some evidence as to why that is. Last year, of the 4.95M homes sold, 25% were distressed properties (foreclosures and short sales). This February, only 16% of sales were made up of distressed properties.

WHY IS THIS IMPORTANT?

Well, if we do the math, we can see that the annualized number of non-distressed properties sold which was revealed in the latest report (3,864,000) was actually greater than the annualized number of non-distressed properties sold that was reported last year (3,712,500).

As we sell-off the ‘shadow inventory’ of distressed properties, there will be less homes from which a potential buyer can choose. That will impact sales. As proof of this point, we can look at the months’ supply of housing inventory available for purchase.

In a normal market, a six month supply would be optimum. However, we haven’t reached a six month supply once in over 18 months. This shortage of inventory is the main reason sales are down.

THE GOOD NEWS

As prices continue to rise, more and more homeowners will be freed from the shackles of negative or limited equity. This combined with an improving economy will allow homeowners to again feel confident that they can sell their homes and move on with their future plans.

We are already starting to see increases in listings coming onto the market (unsold inventory is 5.3 percent above a year ago). Once housing inventory reaches normal levels (a 6 months’ supply) we will again see home sales begin to increase.