3 THINGS TO KNOW about the Atlanta Residential Real Estate Market

In today's strong market, the smallest efforts are reaping the highest rewards,

3 Almost Free

Ways to Maximize Your Home's Sale Price...

1) Declutter (just start moving already)

2) Paint (makes miracles)

3) Light (& get it right)

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It's 2021 and the market is strong:

Supply is 1.3 months (2.7 months this time last year)

Days on market is still under 2 weeks (27 days this time last year)

More homes are selling (up by 1% over this time list year)

Sales prices are still going up and still up 25% over this time last year

&

Interest rates are even lower by an entire point.

Now 2.75% (3.75% this time last year)

This means the rules are changing, fast. Know what they are and how to win in 2021.

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1- Buyer Terminations are Common.

Buyer FOMO (Fear of Missing Out) is real.

How to make sure you're not subject to them as a Seller.

2- Cash Buyers aren't always.

The advantages and disadvantages.

3- Buyers are turning down dated homes

& paying a premium for homes with the right updates.

Relevant current market data that is

changing the Atlanta residential real estate market:

- Average list to sale price in metro ATL is 100%

- Inventory is low, supply is down to 1.6 months

- Days on market is down to 10.

- Median sales price in Atlanta is up 25%

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Interest rates are down year over year from 3.75% to 2.75%

Atlanta Average Sales Prices are up 25%
Sales are up by 1% 
Supply is down to 1.6 months
This means pent up demand, more homes will sell.

What are the 10 trends of what's selling now and will sell in 2021... 
1. The multi-zone kitchen.
2. Sconce lighting.
3. Rejuvenating bathroom design. 
4. Oversized rectangle tile.
5. Browns and beiges return.
6. Home offices and nooks.
7. Video conference-worthy backgrounds.
8. Open floor plan scrutiny.
9. Pergolas.
10. Backyard cottages and ADUs.

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Some homes still don’t sell.

The ones that do are selling in 10 days at 100% of list price on average.

Buyers are frustrated they can’t find what they want or losing out to other buyers.

What are the 3 things you need to succeed in today’s market?

1- Inventory

Supply is down to 1.6 months.

2- The right inventory

For certain inventory the supply is still over a year and it’s not typical or what you might think.

3- Strategic positioning...

Positioning that creates results.

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The number of failed listings (that don't sell) in all of Atlanta (Nov 2019 to Nov 2020):
Down by 66%

The number of failed listings (that don't sell) in Buckhead:
Down by 50%

The number of failed listings (that don't sell) in Brookhaven:
Down by 75%

IN THIS HOT MARKET... 3 reasons the homes that aren't selling, aren't selling:
1) Price, but that's NOT always it...
2) Presentation
3) Experience.

Even in this market, these elements are still essential...
We implement these elements in the JMPartners Presentation Experience Plan for every JMPartners listing.

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Atlanta:

Homes in Atlanta are officially selling for 100% of the list price or not at all...

listen in for the stats.

Contact us for more details in your market for your home or purchasing strategy...

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Atlanta:

Days on market down 11 (from 27) this time last year, prices up by $50,000 from $249,000 to $293,000

Brookhaven (30319):

Days on the market year over year remains at 20

Prices up by 20% from $642,000 to $779,000

Buckhead (30327)

Days on the market year over a year down 75% from 121 to 32

Prices up by over 15% from $1,312,000 to $1,522,000

4 reasons the market is getting hotter:

1 -

Wednesday, November 26, 20021, the new maximum conventional loan was announced.... $548,250 (from $510,400)

2 -

More ... and more people are moving to Atlanta

3 -

Wants and needs are changing

4 -

People's up demand continues..

when people find what they want, they buy faster and will pay more

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Sharing stats ....and gratitude - JMP Atlanta Home Market Eavesdrop

Latest Stats to be Grateful For, Happy Thanksgiving!!

Days on market 11 days (down 67%)

Supply 1.9 months (down 57%)

Average Sales Price Up by 20%

indicating continued trajectory...

Wednesday, November 26, 20021, the new maximum conventional loan was announced.... $548,250 (from $510,400)

Please subscribe and share with your friends who might be moving or who just want to keep up with the latest in the Atlanta residential market! 
You can find us anytime online at jmpartners.io

Adam Vicars, Chad Carrodus & Jere Harris Metcalf sharing from the ground in Atlanta, Sales Down, Pendings Down, Interest Rates Up What Makes This A Hot Market?

Please subscribe and share with your friends who might be moving or who just want to keep up with the latest in the Atlanta residential market! 
You can find us anytime online at jmpartners.io