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Archive for the month “May, 2014”

Market is Down YTD Sales are off 7% from Last Year

One of the benefits in working with the WOW Team and Keller Williams is that we have hired a statistician to study the quarterly statistics in our Atlanta Market. First Quarter Stats just came out and I would like to share some of the applicable points to all my clients. I hope you find these findings of value. We strive to keep you always informed and updated.

Hi-Lites of 1st Quarter 2014

Keller Williams First Atlanta is outperforming the market ~ because of this we ARE a direct reflection of ‘what’s happening in the Atlanta market.’ Slide 1

  • KW First Atlanta (KWFA) has 20% market share while the other top players trail with 8-10% market share.

 

 

Slide 1Market is Down ~ YTD Sales are off 7% from last year YTD 2013
and off 12% from YTD 2012

  • This is partially due to the low end homes  not flooding the market and investors getting out of the market.
  • A result of homeowners electing NOT to sell because they don’t know where to move or they are opting to stay put as a more conservative approach to their post-recession lifestyle.

Slide 1Number of Solds Remain Constant Throughout the Years

. . . but this will change as the population in Atlanta increases due to the technology hub in Alpharetta, sports and corporate headquarters, etc., etc.

  • The chart right also shows the “TRY-ers” are many and the SELLERS are fewer. The “try-ers” are not going away . . . they still have houses to sell and will be out there again and again in the future.

Slide 1Market is Very Different Now

  • There is a margin of error in a Buyers’ market so trying a higher price initially is conceivable.Emotion drives Buyers in a Sellers’ Market.
    • After trying the market sellers should adjust of understand the consequences . . . so . . . in effect this means . . . In all price points it’s okay to try a price but if after 2 weeks the market responds without an offer then it is important to adjust. (In past Buyers markets with HIGH inventory) it was most important to get the price right immediately.
    • LOGIC drives Buyers in a BUYERS Market; for all the sellers who are in a Buyers’ market (500,000 and above) one needs to make adjustments in price sooner to secure a buyer.
    • Furthermore it is important to note that supply of inventory has increased in every price category from 2013.

My best always,
Janet Weidmann, REALTOR
WOW Team Keller Williams Realty First Atlanta

Contact Janet Weidmann with the WOW Team to learn more about the real estate in your immediate neighborhood. Link here to find out the real value of your home.

 

 

 

Janet Explores Atlanta Botanical Gardens

Balmy breezes whispered through the gardens.

Private Stroll Through GardenOne of my favorite haunts is the Atlanta Botanical Garden! Ever changing with the seasons it is a constant rebirth of new life, artwork and entertainment. On this particular outing to the gardens I felt like I was in my own private estate. A balmy breeze whispered ‘continue on…’ as the trees, flora, fauna and distant waterfall captured my attention more than any media device could! Very few souls venture out during the work week and so this was my day, my mother’s day break, my day to refresh my soul, my “Sabbath break from Media devices.”

DSC_0357DSC_0369While everyone in Atlanta sat at work on this glorious weekday… I enjoyed secret pathways through woodlands, urban vegetable patches, formal gardens, canopy walks, and flower gardens that would WOW every landscapers ‘’wanna be.’’ Hidden treasures were found at nearly every turn. ‘Plant giants’ sculptures graced the grounds from the water maiden to hairy audacious orangutans. Giant butterflies, reaching high above my head and best of all, the mythical unicorn grazing in the grass delighted the shutterbug in me!

DSC_0429A hunger rush is all the more reason to visit the gardens! Try the on site snack bar that will give you GREAT salad ideas often straight from their organic garden!

Thursday nights May – September imbibe spirits with ‘Cocktails in the Garden’ 6-10pm. Not into World Congress center crowds for top rated concerts? The Concerts in the Garden series spotlighting great entertainment from The Indigo Girls to Lyle Lovett and His Large Band or others.

Need a gift idea for that special someone? Surprise them with a membership to the Botanical Gardens or better yet . . .enjoy a day out to explore . . . wine and dine them w/ a gift of concert in the garden!!

The WOW Team hopes everyone had a Happy Mom’s Day!
We take this time to salute all Moms who give so much of themselves and give so selflessly at that!

See more great photos from the Atlanta Botanical Gardens ~ Like the WOW Team Facebook page and keep up with our latest news.

Connect with Janet and the WOW Team to find out more about today’s real estate market.

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