Virginia Highland’s year end market report.

January 14, 2008

We have all been hearing about the doom and gloom of the real estate market, so I thought I would do some research and see how bad it actually is for Virginia Highland. These numbers are for single family detached homes only, i.e. no condos or lofts or attached town homes.

Just for those of you who like to get straight to the point: Yes, the market is down in terms of overall volume but the average prices are up and the average days on the market is down !

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Posted by danconnolly | Filed Under Virginia Highland 

Candler Park Market Report

December 20, 2007

I saw something interesting while looking at the sales for the last 12 months (12/20/2006-12/20/2007) in the Candler Park neighborhood. We have exactly the same number of sales that we did in the period from 12/20/2005-12/20/2006. There were 51 sales listed in the FMLS during both 12 month periods. That kind of disproves the theory that the market has softened this year!

Right now there are 22 properties on the market and 4 of them are under contract. They range from $299,000 to $949,000 and the average price is $526,888! This is the first time in a few years that we have seen some homes sell around $300K or less, but there are more homes selling at the top of the range than ever (mostly new construction) so the averages have been going up. 

 If you are interested in living in this neighborhood you can see what’s for sale on my Candler Park page and I would be happy to show you any that look interesting. I have been living in this great area since 1991 and think it’s Atlanta’s best neighborhood!

Posted by danconnolly | Filed Under Candler Park 

Come and Get Your Flat Screen TV!

November 30, 2007

This Sunday (December 2, 2007) a group of Realtors with listings in Colonial Hills, a subdivision in East Point Georgia, have decided to see if we can shake up the lagging showings by offering a flat screen TV to one lucky winner. To qualify for the drawing you have to preview all of the listings participating. Right now there are 8 Realtors participating and everyone is running their own ads and we are running some group ads. If you want to come to my listing first, I will have maps to the others and the address of mine is 2295 Newnan St. East Point, Georgia 30344. 

This is the first time I have participated in this type of incentives, we are seeing more of this as the market cools. Builders are offering incentives on new homes and you see a lot of agents in the Caravan (Tuesday agents preview each other’s listing) giving away bottles of wine or "cash grab bags" to lure their fellow agents into the open house. 

Posted by danconnolly | Filed Under East Point 

Ever Dreamed of Opening a Restaurant?

November 3, 2007

Decatur Commercial Opportunity 

This house is zoned C1 and has been totally rebuilt from the foundation up. It is offered with some customization included to the needs of the Purchaser. The Seller is a builder and will provide handicapped access (ramp) and will rebuild one of the bathrooms for handicaped access. There are approximately 1990 square feet and the floorplan would lend itself to many applications.

The house has a large kitchen and the character and floor plan that would make a great restaurant or coffee shop.  It would also be a good office for attorneys,CPA or Real Estate professionals. C1 is a flexible zoning that allows for many uses. The house has frontage currently on South Columbia but it also has rear access on Commerce which is also commercial. There is more traffic on Commerce and better visibility a 6′ privacy fence could be removed and there is a large yard for additional parking. 

 

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Posted by danconnolly | Filed Under Decatur 

Avondale - halloween

November 1, 2007

This year we went out with our daughter, her husband and our granddaughter to trick or treat in Avondale Estates. Avondale Estates is a small city/neighborhood located just east of Decatur, inside the perimeter. It has its own mayor and police force and the police were directing traffic.

I have never seen anything like it. Virtually every house was decorated, and the main roads were closed to traffic. There were literally thousands of kids and parents wandering the neighborhood. It looked like kids were coming by the busload from other areas. Most houses with big decor had 30-50 kids on the porch and some were even decorated on the inside like haunted houses. The haunted houses had lines of people going through and must have given away hundreds of pounds of candy. We were completely amazed, we had heard it was big but really had no idea!

Posted by danconnolly | Filed Under Avondale Estates 

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