Category Archives: Current Market Conditions

Why Now Might be the Best Time to Sell Your Home

Trying to decide when is the best time to sell your home can be tricky, but also is determining the final profit on your home.

Here is some information to help you make that decision.

  • Home prices are trending upward. According to Georgia Realtors, home prices from 2018 to 2019 increased by 3%. Prices are looking to trend even higher for 2020. That is good news for the seller, but if you are also buying, it’s another consideration.
  • Housing markets are low. When the housing inventory is low, buyers tend to contemplate all options in the market area and make quick offers. This is good news for sellers because it often leads to bidding wars in attempts from buyers to get the best house in the area.
  • Homes are spending less time on the market. As with inventory being low, buyers are acting fast. The average time on the market in 2019 was 56 days. That was a 5% decrease over the previous year’s statistics.

So, are you still trying to decide when is the best time to sell?  Still wondering what your final profit might be? We can help with that. We are now iRep certified.  What does that mean? We can test the market for you without doing a formal traditional listing. We can help you receive cash offers on your home and a retail market valuation in 48 hours. Then you can decide whether or not to accept the offers or go the traditional route of selling your home.

The time is right. All the pieces are falling into place. With increased housing costs, lower inventory, and fewer days on the market, now is the best time to sell a home.  Let the Dinsmore Team help you through the process.

Home Sales for the Past Year

Happy New Year!  It’s still January so I can still say that.

The real estate market continues to be great!

Housing Indicators are in for 2019, and it was another great year for Georgia’s housing market! With a strong economy and low mortgage rates, buyer activity has been strong. However, inventory levels are still below historical norms, and prices continue to rise.

A few quick facts are listed below – all indicators are year over year for existing single-family homes.

• Median Sales Price: 6% increase to $228,000
• Pending Sales: 6.7% increase to 145,087
• Closed Sales: 4.9% increase to 142,915
• New Listings: 6.4% increase to 201,215
• Average Sales Price: 4% increase to $272,207
• Days on Market: 5% decrease to 55 days
• Months Supply of Inventory: 10.8% decrease to 3.3 months

If you are thinking about buying or selling, now is a good time.  Mortgage rates are still low and prices will continue to go up. Give us a call, we are here to help.

Marie Dinsmore

The Dinsmore Real Estate Team

770-712-7789

The Actual Wage Needed To Rent In Forsyth County

The National Low Income Housing Coalition published its annual “Out of Reach” report, finding that rental housing needs are worsening.

There is no state in which the typical minimum-wage worker charting a 40-hour week can afford to rent a modest two-bedroom apartment. Furthermore, that same worker couldn’t afford a one-bedroom rental in 99 percent of counties in the United States. That is according to an annual report published recently by researchers at the National Low Income Housing Coalition, which looked at rental costs in counties and metro areas nationwide.

The hourly wage necessary to afford a two-bedroom rental at fair market rent is $21.27, more than the $18.42 needed to rent in the state overall and less than the national wage of $22.96 in the Forsyth County area.

There is no better time to buy a new home than now. Call Marie at the Dinsmore Team @ 770-712-7789.

Days on market number goes down in January

Passing the info on to you! Here’s a quick look at some of the key metrics compiled by Georgia REALTORS from January…

  • New Listings went up 3 percent to 12,494
  • Pending Sales rose 22.5 percent to 9,240
  • Inventory shrank 15.2 percent
  • Days on market? Down.

Click here to take a look at the full report.

Featured Neighborhood: Gables at Stoney Point in Cumming, GA

176202979404479_gablesmodela_copyLocated just above the affluent Johns Creek corporate corridor, The Gables at Stoney Point sits within driving distance of some of Forsyth County’s finest schools, medical facilities, and shopping ventures.  With convenient access to GA 400—and subsequently the bustling city of Atlanta—this established, private community of only 77 homes is surrounded by acres of forested space and quality craftsmanship.

Starting in the mid-high $500’s, this beautiful gated community comes complete with a private club that includes a two-story clubhouse and pool, as well as perfectly manicured cul-de-sac streets and professionally landscaped yards.

Outside, each home includes a wood deck or patio and premium wood entry doors, along with 30-year architectural shingles and a variety of high-end exterior materials—to include 3-sides brick, real stone, and shake & siding veneers.

Inside, each home has been designed with an open floor plan and comes standard with stunning hardwood floors, two 42-inch fireplaces, granite kitchen countertops, stainless steel Whirlpool appliances, and spacious walk-in closets.

SCHOOLS:  (Award-winning Forsyth County Schools)

S1907694181427359GablesSitePlan2outh Forsyth High School

Piney Grove Middle School

Shiloh Point Elementary

 

SHOPPING:

 

North Point Mall

Avalon

The Collection at Forsyth

North Georgia Premium Outlet Mall

Mall of Georgia

 

If you’re interested in learning more about this community or seeing what homes are still available, feel free to visit their website at www.SRHomes.com/Gables-At-Stoney-Point or contact me to set up a viewing.

 

Marie Dinsmore | The Dinsmore Team | www.DinsmoreTeam.com | 678-455-3048

Community Resources

WELCOME

2019 Welcome Services

The Dinsmore Team has created this handy guide for both Buyers and Sellers. The guide lists trusted service providers that we use personally and professionally. The providers listed service the Forsyth and North Fulton County areas.

2014 Complete Guide to Moving

This 20-Page Guide will be your comprehensive source for selling your home and planning your move. It includes tips for getting ready to sell, planning your move, packing and transitioning into your new home.

2014 Home Owners Tip Guide

This 20-Page Guide will help you develop an annual maintenance schedule for your home's systems and appliances to help you avoid bigger problems by taking care of them while they are small. It's also a great resource for trouble shooting malfunctions on your own, saving you time and money.


utilities

Looking for a fast way to connect all of your utility services online? Try Connect Utilities.

Please let us know if there are other resources you'd like to see.

Marie@DinsmoreTeam.com

770-712-7789