Market Conditions for Atlanta, Georgia Reported by HANK MILLER - Broker & Cert Appraiser, SRA, ABR Updated November 27, 2009.

Current Market Rating: 1 1 2 3 4 5 Buyer's Seller's

Current Price Trend: 2 1 2 3 4 5 Falling Rising

A few select markets appear to have statistically stabilized, Atlanta is getting closer. Of course any market is a series of micro markets and some parts of and price ranges in Atlanta are close to finding stable ground, some even showing a bit of positive trends. The challenge is continuing to whittle away at the inventory and reestablishing buyer confidence; and that goes to overall confidence in the global economy; we don't buy homes when we have job concerns. Things in Atlanta will slow as we enter fall and the 8K first time buyer incentive ends. I do however, feel that if we get out to a good Spring '10 market that we might find that traction and start the climb out.

My Atlanta homebuyers are expected to define success, they need to know when to pull the trigger on a deal because the good homes go fast and attract other serious buyers, and we don't like to lose. We're seeing great picks on corporate owned homes, much better and easier than dealing with short sale nonsense and foreclosures that can end in disappointment. My buyers are beginning to see the nonsense that the vast majority of Atlanta foreclosures put you through, many start with high hopes and quickly move on to "regular" homes. My buyers go in "Eyes Wide", see things through an appraiser's eye and fully understand the market trends; we believe in total transparency with all data.

Homes are selling in Atlanta, the ones that have the "big 3" perfectly aligned: PRICE - EXPOSURE - APPEAL. It's a beauty pageant for homes right now and you must be realistically and competitively priced, if not your home will die on the desk top. The homes properly presented are selling - I promise you that. Buyers have to find your home; it better be everywhere. Oh - forget thinking that marketing to agents alone will sell it - piles of agents are bailing every month, many suspending activity as they find "real" jobs. This means that you better have your home heavily marketed to unrepresented buyers doing their own thing. Unless your home looks like a jewel, expect Atlanta buyers to pay it little more than lip service. Buyers today are not in the mood for sweat equity, fixer uppers or pulling wallpaper and replacing carpet. Get your home in a condition that you would expect if you were the buyer.

You can read extensive info on the local Atlanta, GA real estate market, my observations on trends and forecasts, and much much more at WWW.HANKMILLERTEAM.COM, make use of the tremendous number of market data sources we have available to you for FREE! Atlanta, GA real estate is what my team and I do full time, all of the time. We educate our clients; we sleep at night knowing that you do as well. Appraising and selling since 1989 has given me the opportunity to help sellers through cycles like this and the myriad of issues and challenges you will face. As for buyers, now is the time to exploit the advantage you have in the Atlanta, GA real estate market. Whether buying or selling, we'll ensure that you get the best opportunity. Please visit our site, email, or call - I look forward to helping you - WWW.HANKMILLERTEAM.COM


ZIP Codes: 30327, 30305, 30319, 30328, 30338

Approximate Location Boundaries: North Atlanta, North of I-20 - Buckhead, Sandy Springs, Midtown, Peachtree Hills, etc

Location Characteristics: This is the North Atlanta area, North of I-20. Many of the most desirable areas of metro Atlanta are located here. Given the nature of the area, it is misleading to make a general comment of the area as a whole - each subarea needs to be evaluated as the market is different in each. The best thing for you to do is visit my site www.hrmiller.com and drop me a line for a personal area evaluation.

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