Is “Walton High School Inventory Low” a statement or question?
I heard it again today, the “it” being that metro Atlanta inventory is low. While that relative fact is important to some, it does not really reflect the MGR market; i.e., the Walton single family detached resales over $600k in East Side, Mount Bethel, Sope Creek and Timber Ridge. The following charts and table illustrate the point. Continue reading “Walton High School Inventory Low (!?)”→
This past week, Week 32, produced another strong showing yielding 137 YTD binding contracts in the Walton High School resale single family detached $600k+ market.
Although 2020 took the early lead over last year, the economic shutdown prompted buyers and sellers to pause and 2020 fell behind last year YTD totals beginning Week #17, and continued to trail until last week. While this “recovery” is great news for the higher value Walton market the boasting needs to be tempered a bit as 2018 offers another benchmark to monitor.
YTD Wk 32
Weekly binding agreement charts for 2015 – 2019 are available on the Covid-19 Stats page of the Miller Group Realty website.
While the good news is that the number of binding contracts is up, the bad news is that this activity is one factor contributing to the low (but not historically low) number of Active Listings. The following chart compares the month of August over the past 11 years. One answer to the shortage is to have more homeowners decide now is the time to make a move.
Contact Brady to discuss moving plans in the Walton High School and greater East Cobb area. His exclusive focus on the higher value Walton homes may well qualify him to best advise new clients.
WaltonStats.com is the easy to remember and the most direct way to obtain monthly and quarterly Walton High School housing market stats for single family detached resale listings priced over $600,000 in the four elementary schools of East Side, Mount Bethel, Sope Creek and Timber Ridge. This level of detail is possible because it represents the exclusive focus of Miller Group Realty (MGR). Continue reading “Announcing – WaltonStats.com”→
A higher value sale in the Miller Group Realty (MGR) target market was recently recorded. The MLS indicates it went under contract in only 11 days at 100% of the asking price. That’s pretty remarkable given the near shut-down of the housing market beginning mid-March due to the Covid-19 virus.
Detailed research, however, reveals a different story; i.e., the property had actually been on/off the market four times over the past 11 months, required 247 days to go under contract, and finally sold for 80% of the original list price. Continue reading “What’s Real in Real Estate?”→
Bloom or bug? What gets you thinking about making a move?
Blooms are about to appear with spring just around the corner. We don’t need a calendar to know it. Our eyes and nose tell us. Warmer weather. More sunshine. Greener grass. Homeowners transform into amateur gardeners. And perennials, shrubs and trees show us with new growth out of the ground or on old wood, and, yes, shortly thereafter blooms. Visual images and sense of smell are powerful motivators.
The bug in this case is not the insect but the emotion and mindset that prompts one to begin a search online, visit an Open House, drive neighborhoods, converse with friends, pause social media feeds displaying new construction, peruse a luxury home magazine, tune-in a DIY program, or swear off that home repair budget buster?
The arrival of spring and early summer drives activity in the metro Atlanta area. This graph of 2019 is similarly repeated year after year. The seasonal trend is pretty consistent.
Miller Group Realty has an exclusive focus on this market. Contract Brady to discuss your plans.
Although serving the East Cobb and fringe areas generally, the area of concentration and specialization for Miller Group Realty (MGR) is the higher value single family detached Walton High School resale market in the four elementary schools of East Side, Mount Bethel, Sope Creek and Timber Ridge.
It is this dedication to such a finite portion of the housing market that drives the generation of the Quarterly Market Update and the Monthly Stats by elementary school and price range, all of which can be viewed online.