Category Archives: Current Market Conditions

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

In the market to buy or sell a home, but want to KNOW the market first?

http://www.dreamstime.com/stock-photography-sold-home-sale-sign-house-image7181162Almost any realtor worth their salt can provide you with a CMA (current market analysis) of your home, but how many realtors will take the time to provide you, on a monthly basis, with an analysis of market conditions for the city in which you’re interested.    With this report, both sellers and buyers will have a realistic view of market conditions such as:

  • Average selling price based on the number of bedrooms
  •  How many active homes are on the market
  •  Average Sold Price compared to the Original List Price
  • Days on the Market
  • The Number of New Listings, closed sales and Pending sales for the previous month
  • Average Days to Contract

With Local Market Insight information, and with a skilled Realtor to help navigate you through the negotiation process, you will be able to make better informed decisions when buying or selling your home.

If you would like to sign up to receive free Local Market Insight monthly reports (no obligation and we do not ask for your telephone number), please click here.   The Dinsmore Team focuses on cities along with GA400 corridor (Roswell, Alpharetta, Milton, Johns Creek, Cumming, Dawsonville) as well as Canton.

If you would like to receive up-to-the minute email updates on homes listed in a particular subdivision, we can do that too.  Please click here to sign up for these updates.   Please note that we can only provide listing information for properties located in an actual subdivision in Georgia.

The Dinsmore Team has the experience, tools and real-time market knowledge to assist you.  I look forward to serving you and your family.

Marie Dinsmore, Certified Luxury Home Marketing Specialist

The Dinsmore Real Estate Team  |  www.dinsmoreteam.com

Marie@DinsmoreTeam.com | 770-712-7789