Archive for category Atlanta Real Estate

Justin Bieber is home shopping in Atlanta

UPDATE 2/24/2014  Bieber tweeted that he never even looked at this home.  There was even a stunt by morning DJ’s that has been published to make fun of the whole thing.  Anyway, he’s here in a rental but this is NOT going to be his house.  Great publicity for the agent and great exposure for the house is all that really came out of the rumor.

 

Atlanta is home to many celebrities, and it looks like another one might be heading our way.

Justin Bieber has been looking to make Atlanta his home so he can be closer to the thriving hip hop community. According to TMZ, he has his eye on a sprawling estate off Blackland Road in Buckhead. Listed at $10,950,000, this 16,000 sq. ft., 7 bedroom/13 bathroom home has a lot to offer from energy efficient geothermal HVAC systems to a 70 foot pool/spa, gym, elevator and much, much more.

It is yet to be seen whether he really is interested or if this is just a way to generate interest in this property. According to his published interests – can’t be visible from the street (preferably secluded on 5+ acres), minimum of 10,000+ sq. ft., and lists for between $4 and $10 mil., this may not be the home for him. While the price and size may suit him, we’ll have to see whether he will settle for less acreage; the lot is listed at less than two acres.

Photo credit: Zillow.com

Photo credit: Zillow.com

Until the property is sold, any number of things can happen. One of my friends would be his neighbor if he did choose this home, she mentioned that she’d stop by with a welcome basket of a couple of dozen eggs :-). I’ll be sure to keep you posted as I always do about celebrity home purchases in Atlanta.

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October Market Update

Here are the Prudential Market Updates for Buckhead and Vinings in the month of October:

Sales in Buckhead have dropped month over month and year over year. I believe this is primarily due to decreased inventory, but it is also a seasonal adjustment. As a result with 6 years of inventory available, sales are slowing and inventory is climbing in the the over $2M market.

October Market Update - Buckhead

October Market Update – Buckhead

Vinings remained steady with a much higher increase in sales price.  I believe that is primarily due to the higher end homes (at and over $1M) moving again at a great pace.  Many of those homes had been on the market for quite a while, but with no new inventory coming on the market, I believe buyers finally picked from what existed versus continuing to wait and hope for what they wanted to come on the market.  We had a great flurry of the newer high end homes sell this spring and finally this fall the remodeled high end homes have gone under contract.  That could partially be due to the sellers compromising further in price as well.

October Market Update - Vinings

October Market Update – Vinings

I’m including more specific Vinings data from another source as well that I find to be interesting.

Under $800k

Location:   ZIP 30339
Price Range:   $0 – $799,999
SQFT Range:   0 – No Limit
Property Types:   Residential Detached – All Properties – All Properties
Bedrooms:   0 – No Limit
Full Baths:   0 – No Limit
Half Baths:   0 – No Limit
Year Built:   0 – No Limit

Under $800k

Look at the balancing of inventory to demand that has taken place over the past year in Vinings under $800,000. Inventory has steadily declined and transactions have increased.  This is great news as well. It shows us that homes in 30339 that are priced right will sell.

$800k and Up

Location:   ZIP 30339
Price Range:   $800,000 – No Limit
SQFT Range:   0 – No Limit
Property Types:   Residential Detached – All Properties – All Properties
Bedrooms:   0 – No Limit
Full Baths:   0 – No Limit
Half Baths:   0 – No Limit

Notice the volume of sales in April (which were newer construction over $1M) and then last month.  I’ve pulled this over the past 2 years to show you the significance in the volume change.  There has been pent up demand for the higher end homes, but the remodels weren’t selling this spring and then, as of last month, they are moving.  This definitely sends us a message that buyers want Vinings enough to compromise or set their expectations a bit higher on price points. This is great news for us and also indicates a need for high end homes on the market in Vinings again.

As always, let me know if you might be interested in selling as I have buyers that are still looking!

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New mobile app for local real estate

Prudential Georgia Realty has introduce a new mobile app for Android and iPhone! For instructions on downloading it, text TinaH to 404-620-2300. Even if you aren’t shopping, it’s fun to keep up with everything that’s going on in the market. Here are a few of the great features available:

Tina Hunsicker

  • Best Local Real Estate App for Greater Metro Atlanta
  • Listings from all MLS’s
  • Sold Properties from MLS
  • Recently Rented from MLS
  • New Home Properties
  • Short Sales/Foreclosures
  • Property Scan/Augmented Reality

 

Download it and let me know what you think of it!

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