“Can I live in Buckhead for under $350k?”   YES YOU CAN! 

There are actually more homes in Buckhead for under $350k than you might think…and some very nice ones, I might add!  And make no mistake, Buckhead has long been THE spot to own Real Estate in Atlanta.  GREAT Schools (Sarah Smith, Morris Brandon, Warren T. Jackson, E. Rivers & Garden Hills), beautiful neighborhoods & all the conveniences you could want nestled just north of Midtown and wedged inside both I-75, I-85 & the top end Perimeter of I-285.

Buckhead is one of Atlanta’s busiest financial centers and features gracious and historic homes, world-class shopping centers, elegant hotels and fantastic restaurants.  It has been called one of the United State’s top most affluent communities.

Buckhead is also one of the busiest Real Estate areas of Atlanta.  1631 single-family detached homes sold in 2006, 1704 in 2008, 1470 in 2008 and 61 thus far in 2009 with 40 Pending & the market (& weather) just getting warmed up.  The average list price of the solds was $692,924 and the avgerage sales price of those Buckhead homes was $634,516, resulting in an average list price to sales price ratio of 91.6%.  Not a bad discount!  This means there are some deals to be had in Buckhead as well! (none of these #s are including condos/townhomes)

With all that said, you can see that if you can get into Buckhead under $350k, you’re one of the few…that’s the sweet-spot & in that 1st Time Buyer wheel-house.  After all, 1st Time Buyers have ALL the start aligning for them right now, don’t they?  Time to take advantage!!

If you’d like to see what’s available in that price range, click here to see all Buckhead homes for sale $350k & below.

For ALL Buckhead homes for sale, click here.

Enjoy these and visit daily if you’d like. This site is connected to the MLS’s and is updated daily! You’ll always find the most current data & properties for sale here. If you have a more specific search request, don’t hesitate to ask.  You can contact us through our site or email our Buyer’s Specialist, Aaron, at aaron@kellysellsatlanta.com. 

Thanks so much for stopping by & Happy Hunting!

Aaron & Kelly Allen
The Kell Sells Atlanta Team
www.KellySellsAtlanta.com
Kelly | Listing Specialist | 404-606-2219 | kelly@kellysellsatlanta.com
Aaron | Buyer Specialist | 404-863-8680 | aaron@kellysellsatlanta.com
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Named after its location at the intersection of Virginia and North Highland Avenues, this district still remains a popular spot for Atlanta’s young professionals. At one time this prime area was in danger of becoming part of a planned highway system, but with the efforts of community leaders and activists, the area revitalized itself to become the urban professional’s dream. Virginia-Highland is the area within the Atlanta city limits bounded on the north by Amsterdam Avenue, on the south by Ponce de Leon Avenue, on the east by Briarcliff Road, and on the west by the Southern Railroad Line.

Virginia Highland & it’s residents can remain proud of their investment, because the neighborhood seems to be bucking this current real estate shift and holding value:

In 2007 the neighborhood experienced 123 sales. Their average sales price was $639,127. On average, it took 63 days for these homes to sell.
In 2008 there were 96 sales (a 22 % decrease), but the average sales price stayed strong at $636,790 (a minimal decrease of less than 1%).  On average, it took a few days longer for the homes to sell, but still only took 66 days to sell a VH home.

The most current data we have thus far in 2009 shows that there have been only 7 home sales (for an average of $521,071) with 5 currently under contract, and we typically see higher priced home sales in the summer months (mainly June) so expect to see this Average Sales Price increase throughout the year.

When many other neighborhoods were seeing sliding home values, this Atlanta neighborhood was seeing it’s values remain solid.

Suffice to say that if you don’t have to sell, don’t BUT if you are a seller in Virginia Highland (or anywhere in this Morningside Elementary School District) don’t listen too carefully to the doom and gloom about Atlanta’s real estate market.

For you home shoppers that want to view the 72 homes currently for sale:

Click here for all Virginia-Highlands Homes for Sale!!

We have experience and the most up-to-date data and statistics regarding the economics of Atlanta, Georgia real estate, so don’t hesitate to give us a call or shoot us an email if we can help you in any way.

Kelly & Aaron Allen
404-606-2219 Kelly
404-863-8680 Aaron
Keller Williams Realty Premier Atlanta
404-969-1600 office
www.KellySellsAtlanta.com

Step right up & get a pocket full o’cash!!                                                                                                            

The new developments of the 2009 First Time Home Buyer Tax Credit provides for a $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009. The credit does not require repayment.
Most of the mechanics of the credit will be the same as under the 2008 rules: the credit will be claimed on a tax return to reduce the purchaser’s income tax liability. If any credit amount remains unused, then the unused amount will be refunded as a check to the purchaser.

Click here to see a breakdown of the qualification requirements & guidelines…

Please pass this along to anyone you know who’s thinking of Buying – or maybe even thinking of Selling.  This credit will offer opportunities for both.  More (motivated) Buyers in the market means good news for Sellers, so although the Seller wouldn’t benefit on their next home purchase, this could actually be the best time in the past year or so to get ‘on’ the market with an increase of buyers out there with new incentive.  And remind married couples, if only one of the 2 are on the deed, then the other could “purchase” their next home and potentially benefit from this tax credit as well…just a thought!

Click to email us > we’re here to help…

Warmest Regards,

The Kelly Sells Atlanta Team
Your Neighbors | Your Real Estate Experts
> focus forward…focus on opportunity >>

>> There are Lies, Damn Lies…then there are Statistics.

Here is what we’re seeing. If you’d like to skip the hard data, scroll to the bottom of this article where I’ve outlined what this means to a Buyer or a Seller right now….Further below you’ll find graphs and additional “case specific” data.

AND IF YOU’RE CURIOUS ABOUT THE “INTOWN” ATLANTA STATS, EMAIL US - WE HAVE THOSE AS WELL…

On to Metro Stats:

• 2008 home sales are down 22% compared to 2007 (but this is a slight increase from the final 3rd quarter numbers).
• 33,000 metro Atlanta homes sold in 2008
• The <$200k price range is down only -2.2%.  31.7% of Home Sales in this price range were Foreclosures
• The Median Sales Price is down 11.7% compared to year-end 2007, however, pockets of the metro Atlanta market are showing an increase while others are showing only a 2% decline.
• On average, 2008 Sellers got 92.5% of their asking price
• It took Sellers 84 Days, on average, to sell their home.  However, if the home was priced properly, it took only 27 days to sell!  It’s ALWAYS a Seller’s Market for a great house at a great price!!
• If you were a Seller and had to reduce your price in 2008, you were on the market 3x longer than if you’d have gotten the price right when 1st listed. 
• 8 out of 10 Listings in 2008 were over-priced.
• Supply reached a high at 10.8 months of supply in December, 2008 – but the Supply has been declining steadiliy since July 2008 and there is greater supply at higher price ranges (great news for move-up buyers!)

thanks for visiting KellySellsAtlanta.com – your metro and intown Atlanta Real Estate Resource…

The Kelly Sells Atlanta Team >> Your Neighbors.  Your Real Estate Experts.

The rate of decline in # of homes sold had begun to slow during the 2nd and 3rd quarters of 2008 (vs. the same quarters of 2007), then sales slowed again in the 4th quarter of 2008…which is normal, but with the Real Estate market under a magnifying glass of late, don’t read too much into that particular stat because this happens every year. 

What you should come away knowing is that 2nd and 3rd quarters were showing an increase in sales #s and this is an indication that we’re bouncing around at the bottom of the market.  So if you’re looking to “time the bottom” be watching the clock closely.

 Basically…if you’re waiting for a deal…I think there’s one out there for you

Let us know how we can help - or visit us at KellySellsAtlanta.com…we’re ready when you are.

Oakhurst, a neighborhood located in the southeast corner of Decatur, Georgia (30030 zip code) is a close-knit community that was built around the Scottish Rite Hospital. Now, around Harmony Park in the central area of Oakhurst there are restaurants such as Mojo’s Pizza, Kavarna Coffee House, Universal Joint and The Matador Mexican Cantina. It’s a fun neighborhood that families love to pack up their strollers and walk to from neighboring areas like Kirkwood and East Lake.

Although Oakhurst is still an area targeted by young professionals it has not been immune to the current real estate shift.

In 2006 the neighborhood experienced 102 sales. Their average sales price was $317,416. On average, it took 54 days for these homes to sell.

In 2007 there were 98 sales (a 4% decrease). Their average sales price jumped 15% up to $373,791. On average, it took 69 days to sell a home.

The most current data we have shows that, in 2008, there were only 74 sales in Oakhurst and the average sales price decreased by 7% to $349,430.

We have experience and the most up-to-date data and statistics regarding the economics of Decatur, Georgia real estate. Give us a call if you have a question or would like to see more of our most recent Oakhurst statistics.

Kelly Allen
404-606-2219 mobile
Keller Williams Realty Premier Atlanta
404-969-1600 office
www.KellySellsAtlanta.com

Winnona Park, a neighborhood located in the southeast corner of Decatur, Georgia (30030 zip code) is a close-knit college community within walking distance to Agnes Scott College and downtown Decatur’s many restaurants, bars and shops.
Winnona Park seems to be bucking this Decatur’s current real estate shift.
In 2006 the neighborhood experienced 41 sales. Their average sales price was $376,973. On average, it took 54 days for these homes to sell.
In 2007 there were 73 sales (a 27% increase). Their average sales price was $395,675 (an increase of 5% from the year before). On average, it took 73 days to sell a home.
The most current data we have shows that, in 2008, there were only 33 sales in Winnona Park but the average sales price increased by 13% to $449,810! When many other neighborhoods were seeing sliding home values this Decatur neighborhood saw record increases.
Suffice to say that if you don’t have to sell, don’t BUT if you are a seller in Winnona Park don’t listen too carefully to the doom and gloom about Decatur’s real estate market.
We have experience and the most up-to-date data and statistics regarding the economics of Decatur, Georgia real estate.

Kelly Allen
404-606-2219 mobile
Keller Williams Realty Premier Atlanta
404-969-1600 office
www.KellySellsAtlanta.com

Take advantage of this market, folks!

And while you’re at it…get the most for your $$$!!!

Click this HOT SHEET for all metro Atlanta Foreclosures on Basements for your viewing pleasure.

Bookmark us and visit anytime – this page is UPDATED DAILY!! I can always narrow or broaden the search for you, so just let me know what you’re looking for.

Email Aaron, our Team’s Buyer’s Specialist, at Aaron@KellySellsAtlanta.com or call 404-863-8680 if we can help in any way.

Click HERE to subscribe to our monthly E-newsletter for up to date market information and useful info like you’ve found here.

Happy Hunting!

“You want to be greedy when others are fearful. You want to be fearful when others are greedy.” Warren Buffet
Aaron and Kelly Allen
Real Estate Consultants
Keller Williams Realty Premier Atlanta
3365 Piedmont Rd, Suite 1050
Atlanta, GA 30305
Aaron 404-863-8680 | Kelly 404-606-2219 | eFax 866-298-8584
Aaron@KellySellsAtlanta.com | Kelly@KellySellsAtlanta.com
www.KellySellsAtlanta.com
www.KellySellsAtlanta.com/blog
www.KellySellsAtlanta.com/blog/email-newsletter-subscribe/

If you happen to know of someone that’s thinking of Buying or Selling, we’re here to help. Just email or call us w/ their contact info and we’d be honored to take absolute care of them.