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Archive for the tag “Georgia Real Estate News”

Atanta – Top 5 Markets to Watch

The WOW Team knows how to Live Atlanta Luxury“Atlanta is one of the Top 5 Markets to Watch in – 2016.”
The Urban Land Institute (ULI), is a nonprofit research organization who recently published its Emerging Trends in Real Estate report. They report that individual real estate markets are ranked based on their performance (and their expected performance) in three primary areas: investment, development, and home building. The general consensus is that Residential and Commercial real estate in Atlanta will thrive throughout 2016.

Aerial Photography by:  Joshua Vensel / VENVISIO, LLC

Why?
A) Home Building is still far behind our peak of 60,000 permits in a year. In 2014 according to the U.S. Census there were neawrly 27,000 permits pulled. This year’s stats haven’t been released yet but we suspect a healthy increase over 2014. However, there is still a notable lack of New Home construction in ALL price categories.
B) Resale Inventory remains low with less than 5 months of inventory in most price categories. Many homeowners are stuck because they don’t have enough equity to make a move worthwhile;
C) There is a pent up demand by homeowners who HAVE regained enough equity to sell and trade up.
Caveat: The Luxury market is a different story. Luxury homes is defined here as homes with a value of over $1.million. Depending on what geographic area you are in the inventory may fluctuate between 1-2 years. This too is better than a few years ago when inventory was between 2-3 years in the Luxury price points above $1.million.

Here are the Top 10 Markets:

• Dallas/Forth Worth, TX
• Austin, TX
• Charlotte, NC
• Seattle, WA
• Atlanta, GA
• Denver, CO
• Nashville, TN
• San Francisco, CA
• Portland, OR
• Los Angeles, CA

Chief economist Lawrence Yun says the trend represents the release of pentup demand by homeowners who have regained enough equity to sell and trade up. But when you combine that with homeowners who might move but are stuck because they don’t have enough equity, plus a notable lack of newly built homes, you have a short.

Contact Janet Weidmann with the WOW Team to learn about the real estate inSuwanee, Johns Creek, Alpharetta, Roswell and your immediate neighborhood. Reach out to The WOW Team with any questions you may have on Georgia Real Estate.
Link here to find out the real value of your home.

Thank you — Janet Weidmann | Team Leader of the WOW Team
Phone: 404-531-5700
Mobile: 770-597-2862

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North Fulton is Chock Full of Oh Henrys

“OH HENRY!” ~ Who remembers the vintage candy bar chock full of peanuts, caramel & fudge coated in chocolate!? ….I’m truly showing my age with that bit of trivia!! YUMMY!! … Today we Janet Weidmann knows North Fulton talk of HENRYs in another way…. And North Fulton is chock full of them!! They could be your next door neighbor, or they could be the new executives moving here to N. Fulton’s “Silicon Valley of the South.” They (Henrys) come in all ages and they are astute home buyers!  Read more on this topic from the “Institute for Luxury Home Marketing.” ~ Janet Weidmann

Have you met the HENRYs?

If not, let me introduce you. The HENRYs are High-Earners-Not-Yet-Rich households who represent an increasingly important consumer group with strong spending power today and the potential of becoming wealthy. Not defined by age or occupation, they are identified by income. HENRY’s represent a growing group of homebuyers who, in many cases, can afford high-end homes.

Oh_HenrysDefined as consumers with combined household incomes between $100,000 and $250,000, HENRYs come in all age groups (no, they are not all young). They are excellent prospects for luxury home purchases, beginning at the entry level of luxury and moving up. About 25 million U. S. households fall into this category. That’s about 20% of total households. More important, HENRYs make up about 90% of the affluent consumer market.

HENRYs

In almost any spending category, HENRY’s are the affluent top 20 percent account for about 40 percent of total consumer spending, as measured by the Bureau of Labor Statistics. While this group may not be buyers and sellers of homes in the double digit millions, they are often buying in the top 10% of the market.

Here are a few characteristics of HENRYs which Unity Marketing has identified:

  • They appreciate a high level of service and want to work with pleasant people
  • They respond to stories. What stories are you telling about your listings?
  • They are executives and managers and they don’t leave their smarts at the office. They are careful buyers and their bragging rights come from making a good deal. So, think VALUE and remember that a good deal isn’t always lowest price.
  • They buy premium products. Is your service premium or standard?

Original article posted: May 04, 2015 at 09:42 AM in Luxury Home Marketing Tips, Research & Statistics.

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

 

 

Exciting things are happening in Roswell Georgia

Greenspace & Planned Community!

Duke Land Group - Roswell Riverwalk Village

Duke Land Group seeks rezoning of 104 acres near Holcomb Bridge Road & Ga. 400. (image: Duke Land Group)

Riverwalk Village an ecologically focused development has been haled as the most up and coming pedestrian friendly community in Atlanta!  I am thrilled to hear this development will incorporate the existing river park along Riverside Rd to residential homes, offices, schools, shops, hotel & restaurants and greenspace all within an easy on/off of HWY 400 and Holcomb Bridge Rd.  I am even more excited to hear the bike paths and pedestrian trails will eventually link with the Big Creek greenway with a proposed tunnel under Holcomb Bridge Rd.  Finally, Atlanta will rival other cities with a coherent plan for alternative bike paths and greenspace within a beautifully planned community!

What about traffic?  With an early off ramp you will be home ~ less traffic on Holcomb Bridge Rd., easier commute and potentially with more Class A office space in Riverwalk Village means more options for working in the immediate proximity of your home!

Should existing homeowners with the larger lots
be concerned for future resale?

I would say, ‘not to worry!!’
There will always be buyers who want privacy, larger home lots w/ mature trees and the traditional home.  Although the housing trends are pointing to more communities like Riverwalk Village, homeowners must also recognize that in these newer communities you will be experiencing a more urban lifestyle with closer proximity to neighbors and less privacy.  Recognize that there are all sort of buyer profiles and land is a finite entity.  Those of us on larger pieces of property will always have a unique value proposition.  Dirt prices continue to rise and Buyers will always be weighing their options between the various community options.

Watch for more updates as things begin to move forward.
The WOW Team will alert you to community meetings as more news of the development unfolds.

The WOW Team hopes everyone has a wonderful fall season!

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