Tag Archives: Suwanee Homes

More Good News for Georgia Home Sellers

Wednesday, 27 November 2013 16:08
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According to the Georgia Association of Realtors recent monthly indicator report, October continued to be a great month for sellers.    The report shows that home values continued to rise and inventory continued to decline.

Even better news for sellers…  Days on Market was at the lowest point in 9 years and Percent of Original List Price has significantly increased for Georgians!

2013-10 Days on Market2013-10 Percent of Asking

Some of the highlights from the report are:

•           Median Prices rose 34% to $147,150

•           Average Prices rose 23% to $186,362

•           New Listings increased 8%

•           Pending Sales were up 17%

•           Inventory Levels shrank 10%

•           Month’s Supply of Homes for Sale decreased 13% to 5.4 months

•           Days on Market decreased 22% to 75 days

•           Percent of Original Price Received increased 1% to 94.5%

Click here to access the full report.

Please contact me if you would are considering selling and would like to know more.

Marie Dinsmore, Certified Luxury Home Marketing Specialist

The Dinsmore Real Estate Team  |  www.dinsmoreteam.com

Marie@DinsmoreTeam.com | 770-712-7789

2014 Housing Market Forecast

Tuesday, 19 November 2013 15:26
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Housing UpThere was a great article in the Washington Business Journal on the 2014 Housing Market that I thought I would share, quoting two notable Economists.

According to Lawrence Yun, Chief Economist for the National Association of Realtors, good things will continue to happen in the housing market in 2014.   Due to suppressed activity during the past four years, rising demand, and a steady decline in inventory, Mr. Yun expects home prices to increase in 2014 as well as 2015, nationally.   He predicts that the nation median existing home prices should increase by 6% in 2014.

“Real estate will be a hedge against inflation, with values rising 15 percent cumulatively over the next three years, also meaning there will be fewer upside-down home owners,” Yun said. “Today is a perfect opportunity for moderate-income renters to become successful home owners, but stringent mortgage credit conditions are holding them back.”

Mark Vitner, Managing Director and Senior Economist at Wells Fargo, predicts that distressed homes (short-sales and foreclosures) will still be around, but will be declining.  “Distressed homes right now are like an after-Christmas sale – most of the best stuff has been picked over, but make no mistake they’ll be with us for a while.”

Yun projects the market share of distressed sales will decline from about 25% in 2012 to 8% in 2014.

Marie Dinsmore, Certified Luxury Home Marketing Specialist

The Dinsmore Real Estate Team  |  www.dinsmoreteam.com

Marie@DinsmoreTeam.com | 770-712-7789