Tag Archives: rhonda haran

Home Values Compared to the Peak of 2006-2007

by The KCM Crew

Home Values Compared to the Peak of 2006-2007

There is no doubt that the housing market has recovered from the meltdown that occurred just a few short years ago. However, in some states home values still have not returned to the prices we saw in 2006 and 2007.

Here is a breakdown showing where current prices are in each state as compared to peak prices.

Housing-Prices

HPI Price Since Peak

HPI-Price-Since-Peak

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Interest Rate and Mortgage Payment Costs Across Time

Even with residential mortgage rates projected to rise, it’s always good to take a moment, look back and see that we are in good shape historically.

Back in the 1980s, interest rates were at an average of 12.7% (OUCH!) and on a $200k mortgage, that monthly payment would be around $2,166.  Here in 2014, our average rate has been 4.10% – meaning the monthly payment on that same house is around $966.  What a different a those interest rate points make.  Check out the chart below to see the other periods of time and their related payment amounts.

This information, combined with the hot housing market in North Atlanta is more evidence that now is a great time to buy!   Please contact me as you consider any real estate transaction. 

Average Interest Rate & Mortgage Payment Across Time

Interest Rates and Mortgage Cost Across Time

The average 30-year fixed mortgage rates and the approximate payment for a $200,000 mortgage. Payments are principal and interest only based on a $200,000 fully amortizing mortgage. Source: Freddie Mac

Infographic provided by KeepingMattersCurrent.com

 

Vendor Spotlight: Atlanta Peach Movers

Atlanta Peach Movers

As a real estate professional, I am asked almost on a daily basis to refer many different types of vendors needed by my clients throughout the course of the real estate transaction. During my nearly 20 years in the business, I have built solid partnerships with the “best of the best” in business sectors such as mortgage, appraisal, home inspection, renovations, and many others.

For many years I would hesitate giving out referrals for moving companies. It seemed despite good intentions, inevitably problems would occur resulting in a poor customer experience. I would consider that experience to be a reflection on me for making the referral. I expect my business partners to adhere to the highest standard of client care that I do. This always seemed to be a challenge with the moving industry.

Then I met Orlando Lynch, President & CEO of Atlanta Peach Movers.

You may have seen his company’s trucks around town, and noticed that they are “The Official Movers of the Atlanta Braves”. In fact, if you are a Braves fan and watched on TV, you may have even spotted the guy in the orange shirt seating in the seat directly behind home plate! Probably talking on his cell phone, taking calls from clients 24/7!

Orlando_Atlanta_Peach_Movers_Braves_game

Orlando Lynch hanging out in the Atlanta Braves’ dugout.

Orlando Lynch behind home plate at the Atlanta Braves game.

Evander Holyfield and Orlando Lynch behind home plate at the Atlanta Braves game.

bobby_cox_atlanta_peach_movers

Bobby Cox of the Atlanta Braves gives a testimony to the good work that Atlanta Peach Movers did for him during the move to a new home. Please click on the image to view the short video.

I am happy to say that I now have a moving company that I can refer without hesitation. I can always count on Orlando & his crew to deliver the high level of client care that my clients have come to expect.

One reason for their continued success is their Atlanta Peach Movers University. It helps create a quality standard and a system to ensure the safety of your belongings and efficiency in your transition.


Whether you are moving locally or out of state, Atlanta Peach Movers is the company to call.

http://www.atlpeachmovers.com/

 

 

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

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.

AVALON: Exciting new development for Alpharetta!

Soon residents of North Atlanta will have a fabulous new place to go for shopping, dining, and entertainment.

Avalon will be a destination unlike any other in the Southeast.  Developed by North American Properties, developers of Atlantic Station, it exemplify the “Live, Work, Play” concept.

Avalon is located on 86 acres at the intersection of GA 400 and Old Milton Parkway.  It will feature residential housing including condos and single family homes, world-class shopping and dining, a movie theater, spa, and more.

Retailers include Tommy Bahama, Lululemon, Vineyard Vines, Pottery Barn Kids, Orvis, and many more well-loved brands.  Visitors to Avalon can enjoy everything from a wine bar, to fine dining, to PinkBerry yogurt.

Look for fun and unique restaurants such as the new concept by Ford Frye of “The Optimist”, Esquire’s “New Restaurant of The Year”.

Regal Cinemas will be offering its “CineBistro” concept, featuring reserved stadium seating with food and wine service.  Also breaking ground this summer will be an 18 story hotel and conference center.

Residents of Avalon will enjoy having a Whole Foods market steps away from their front door.

If the YouTube video about Avalon doesn't automatically start in the area above, please click here to view on YouTube.

If the video about Avalon doesn’t automatically start in the area above, please click here to view on YouTube.

Atlanta Fines Homes Sotheby’s International Realty is the broker for the residential sales. 

For more information email rhonda@atlantafinehomes.com.

www.experienceavalon.com

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