Inventory Down, Prices Rising in Atlanta

Can I hear a big woo hoo from everyone out there.  This is something I’ve felt since last October and recently in competitive bidding on properties.  I’m thrilled that it shows that prices are coming up.  The appraisals have been lagging slightly, but we are making the transactions happen.  Super low interest rates and the bottom is behind us.  If you haven’t made the move yet, you’re missing out!  Lump California together and we’re actually number 4 in low inventory.  Prices were down so low and many people have chosen not to sell at those prices.  Now that pricing is coming back slightly it may be time to go on the market!  Let me know if I can help!

Top 10 metros for shrinking inventory

Realtor.com data shows 20 percent annual decline in US listings in May

By Inman News, Wednesday, June 13, 2012.

Inman News®

<a href="http://www.shutterstock.com/pic.mhtml?id=28006487">Supply and demand</a> image via Shutterstock.Supply and demand image via Shutterstock.

Editor’s note: Data collected and analyzed by Realtor.com through  May 2012. Includes single-family homes, condos, townhomes and co-ops.

The national housing market continues to stabilize, according to data compiled by Realtor.com for 146 U.S. metros through May 2012.

May continued April’s year-over-year upswing, with for-sale inventory dropping 20.07 percent, median list prices jumping 3.17 percent to $194,900, and median age of for-sale inventory falling 9.78 percent compared to a year ago.

Data Point Percent Change, May 2012 vs. May 2011
Number of Listings -20.07%
Median List Price 3.17%
Median Age of Inventory -9.78%

As of May, national for-sale inventory stood at 1.88 million units, roughly 60 percent of a September 2007 inventory peak of 3.1 million units (2007 was the first year Realtor.com tracked this data nationally).

Despite a slight 1.96 percent month-over-month increase in national inventory — expected because listings usually swell during the springtime buying season — all but two of the 146 metros Realtor.com tracks had fewer homes for sale than a year ago.

Some of those markets hit hardest in the housing crisis — Atlanta and metros in Florida, Arizona and California — are showing some consistent, month-by-month turnaround. In May, Phoenix, Tampa-St. Petersburg, Fla., and Atlanta were among the top 10 metros Realtor.com tracks with year-over-year percentage drops in for-sale inventory.

This month, six of the metros in the top 10 that saw the greatest reduction in inventories from a year ago were in California, including three in the San Francisco Bay Area: Oakland at No. 1 (56.6 percent fewer listings than a year ago); San Jose at No. 6 (40.88 percent fewer listings); and San Francisco at No. 10 (38.9 percent fewer listings).

Top 10 metros for greatest year-over-year reduction in for-sale inventory, May 2012

Rank Metro For-sale inventory, percent change, May 2012 vs. May 2011
1 Oakland, Calif. -56.60%
2 Fresno, Calif. -48.76%
3 Bakersfield, Calif. -48.59%
4 Phoenix-Mesa, Ariz. -44.71%
5 Seattle-Bellevue-Everett, Wash. -42.65%
6 San Jose, Calif. -40.80%
7 Tampa-St. Petersburg-Clearwater, Fla. -39.76%
8 Stockton-Lodi, Calif. -39.25%
9 Atlanta -39.19%
10 San Francisco -38.90%

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Sometimes Less Fencing is More

Some fencing can be a real accent and actually add value to a home. On my personal home I have several types of fencing for different purposes.

Fencing options and tips

My barrier fencing which is stained

For privacy, I’ve done a solid barrier fencing and had it stained to blend with the tree bark in the background.  For pool fencing, I needed to have a specific height and type of locking mechanism so I used iron fencing. Iron fencing, while it is more permanent, does require maintenance to keep it painted.  Originally, I had green chain link fence around the perimeter but when the pool was installed I replaced it with 5 ft high black chain link (since this fence is buried pretty deep in the landscaping you really can’t see it).  The front fencing was aluminum 5 ft fencing and pre-dated the pool as well.  It doesn’t require the maintenance of iron but it doesn’t seem as stable either.

Fencing options and tips

Black iron fencing surrounds the pool

Since all my current fencing is black, it blends well and covers a myriad of purposes.  Its good to do your research when fencing to determine if there are ordinances in your HOA or neighborhood about the type of fencing.  I did learn that coyotes can jump over an 8 ft fence, so its almost impossible to fence them out. One friend installed chicken wire over the top of a fenced area to protect her pet chickens from coyotes and foxes, but obviously that’s a limited area that you can cover.

I have also tried an underground electric fence with my previous dog and while it worked to keep him in it didn’t keep other dogs out.  I feel that it made him aggressive to other dogs, as he felt contained and they weren’t, so I didn’t go that route with my current dog.

Here’s an article from Atlanta home inspector, Chris Curles, that discusses the installation and basics of fencing.

Fencing options and tipsA picket wood fence can be installed, often in a weekend, and depending on the size of the yard, for under $1,000. It is a job that can be undertaken by beginners, and needs few specialized tools. The key is to plot out the fence outline, stake it, and mark post location, which should be six to eight feet apart.

To properly set a fence post, the post should be set at least two feet into the ground, or as deep as one-third of the entire length of the post. A power auger can be rented and will save time when digging multiple holes. Three inches of gravel at the bottom of each hole will insure water will not pool around posts. Once the posts are place, they can be set with concrete. The concrete should extend two inches above ground, sloping outward to divert water.

Bottom and then top railings (also called stringers) are attached to the fence post with galvanized screw and nails, and pickets can be attached. Once all the pickets are attached, the fence can be painted or stained.

Fencing options and tips

Black chain link fence lies behind the landscaping

A privacy fence is a more difficult project, and will cost more in time, money and labor. One way to decide the height of the fence is to fashion a cardboard screen the height of the fence and try it out at various points in the yard. It’s good to remember that privacy fences work both ways. They provide a barrier that limits access, but can also wall a homeowner in and create unattractive sight-lines. Fast growing shrubs and bushes or privacy screens may be able to achieve the same effect.

Another way to break up the stockade effect is through varying fence design, height, and material, or installing partial fencing, arbors and gates in areas of the yard to be highlighted.

Once the fence design has been created and building permits granted, a plot plan will provide a starting point to mark the border of the yard. Guessing at property lines can result in having to tear down and move a fence off someone else’s property.

When the yard is staked, post holes can be marked. The more posts that are placed, the stronger the fence will be. Generally, spacing posts slightly less than eight feet apart will prevent sagging and provide a fence strong enough to remain standing in spite of wind. The process of digging post holes and installing the posts is the same, whether it’s a picket or privacy fence.

Fencing options and tips

Black aluminum fencing in front of the house

Once the post holes are dug and filled, basic carpentry tools are needed to assemble the fence. In addition, a circular saw, screwdriver, hammer and a 4-ft. level are essential. To speed up the process, a pneumatic nail gun with galvanized nails can make fast work of nailing pickets and panel boards, but only if you know how to safely use a nail gun.

The bottom and top stringers need to be nailed in place first. As least three horizontal 2x4s or 2x6s will be needed to support the weight of each privacy fence panel. Scrimping on stringers will also result in a sagging fence.

The nails hold everything together until the upper and bottom rail pieces are permanently screwed together with galvanized screws. When the stringers are in place, the fence panels can be added, along with the trim. Gates can be purchased and installed or built and installed, and the posts can be trimmed, if necessary.

There is one other important step to consider when working with wood fence material. Staining the fence can take energy as long as building it! If the wood is stained before cutting and assembly of the fence, it will look cleaner, receive better stain coverage and most importantly, save hours of staining time.

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Summer Sleep Away Camps throughout the Southeast

Planning to keep kids entertained during the summer months often involves a carefully-calculated mix of day camps and sleep away camps. I have posted previously about summer day camps in Atlanta both here and here. But I recently found this comprehensive guide to sleep away camps throughout the Southeast, courtesy of Camp Mac, all of which are convenient to Atlanta and I knew it was a resource I had to share.

Summer Sleep Away Camps in the Southeast

Photo Credit: Camp Mac

Coed Camps:

Girls’ Camps:

Boys’ Camps:

Summer Sleep Away Camps throughout the Southeast

Photo Credit: Alpine Camp for Boys

 

Do you have any camps to add to the list? Leave a comment to let me know!

*Update July 2016*

I’m adding additional camps to this list that I’ve gotten to know since I originally posted.

Camp Seagull/ Camp Seafarer has become one of Chase’s favorites- he loves all of the water activities they offer.

I’ve also posted updates with lists including Atlanta-area day camps as well as sleep-away camps which I will link below:

 

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Woodland Brook Detour Dates Announced

I received the following email this morning from the Vinings Village Homeowners Association regarding the upcoming closing of Woodland Brook.

Vinings Village Road Closures and Detour Routes

Woodland Brook Road will be closed from Keswick to Brandy Station starting June 18, 2012 through July 29, 2012. Map Credit: Cobb County

Woodland Brook will be closed from Keswick to Brandy Station starting June 18, 2012 through July 29, 2012. While Woodland Brook Road is closed, Village Residents can use Randall Farm Road as a detour route.

It is expected that Speed Humps on Randall Farm Road should prevent speeders along the residential street. Emergency response teams have been made aware of the pending road closure and have alternate plans to access the affected areas.

Signage providing detour direction around Vinings Village to neighboring communities have been strategically placed. It is hoped that as a by-product of the improvements, travelers who have used Woodland Brook Rd. as a pass-through to other destinations in the past, will find the detour routes more efficient for future travel.

 For maps and updates refer to the Vinings Village Homeowners Association website

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Whose responsibility when a tree falls?

A Neighbor's Tree Fell On My HouseHappy last day of school for almost everyone!  I now have a 2nd grader – hard to believe my baby is going into Second Grade next year.  Well he’s ready to begin summer right now!  He only has 2 hours today.

On the way to school this morning he saw this house that I’ve had listed on and off, its rented right now.  He had the mom call to let me know. I drove over as its around the corner from me and I took this picture and emailed it to my client who lives in New York.  My friend’s first comment was, “This will be complicated, as its the neighbors’ tree”.

I’ve had a lot of experience with trees and its actually pretty clear cut, if it falls on your property its your problem.  The neighbor is responsible for cutting down dead trees and you have the right to notify them in writing if there’s a dead tree that poses a risk to your property, but the only way you can get them to pay “legally” is to have proof that they were notified that there was a dead tree.  That part is difficult, it would need to be a certified letter or some sort of official notification.

I had a tree fall on my rental property a year or so ago and it didn’t hit the house but broke the fence in the rear of my property and cost me close to $1,000 to remove.  I put a friendly note in the neighbor’s mailbox to let them know and gave them a copy of the bill – nothing…

Legally they didn’t have to do anything as I didn’t know it was dead and hadn’t notified them of such.  Now I will say, its a common courtesy to help out in these situations, but there is not a legal responsibility.  I am not an attorney, so I will add a disclaimer that you should always contact your attorney or insurance company for your particular situation and this is all Georgia specific.  Also, its good to check your insurance policy, as my experience tells me that if it doesn’t land on the house its not usually in the policy for any kind of protection, so that $1,000 to remove was totally on me.

In the case of this house on Randall Farm, the insurance company will most likely cover the damage to the house, but not the tree removal.  Again, we all hope the neighbor realizes what happened and comes to the rescue.

Just wanted to let everyone know what I’ve learned from my experience.  If you’ve had success getting the tree owner to pay for your damage, please let me know and how.

Update: The neighbor did take responsibility and the tree is already removed, an example of common courtesy! When you have a good relationship with your neighbor they usually do take responsibility for their trees. My clients’ insurance will need to cover the damage to the house.  

Update July 11th, 2012 I had a tree fall in my personal property yard from my uphill neighbor on Paces Lake and much to my disappointment they weren’t as nice as the neighbor above.  They feel its an act of God and not their responsibility.  Just my luck I’d have the one neighbor in Vinings that would feel that way!  I have learned thru this process from talking to 3 different tree companies, that 99% of people take responsibility for their trees if they fall.  I can’t believe I’m dealing with the 1%!

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SPLOST: Woodland Brook Drainage Project

Woodland Brook Road, a popular cut through, will undergo construction during six weeks this summer.

Woodland Brook Road, a popular Vinings cut through, will undergo construction during six weeks this summer.

Revised details of the “SPLOST” Woodland Brook Drainage Project were revealed on Monday evening by Cobb County’s District 2 Commissioner Bob Ott and Engineer Bryan Ricks at an informational meeting at the Vinings Library. The plan calls for the replacement of dual 48-inch pipes that run beneath Woodland Brook Drive to be replaced with a 25-foot by 6.5-foot bottomless arch culvert.

Woodland Brook will be closed four to six weeks this summer, with a goal to have the road open to traffic again before school begins August  13.  Construction is expected to begin shortly after Cobb County schools let out for summer on May 24.  The exact date of the closing is uncertain at this time due to recent changes in the contract specifications which will no longer require the road to be raised.

While Woodland Brook Road is closed, “Village Residents” can use Randall Farm Road as a detour route.  It is expected that Speed Humps on Randall Farm Road should prevent speeders along the residential street. Emergency response teams have been made aware of the pending road closure and have alternate plans to access the affected areas.

Signage providing detour direction around Vinings Village to neighboring communities will be strategically placed. It is hoped that as a by-product of the improvements, travelers who have used Woodland Brook Rd. as a pass-through to other destinations in the past, will find the detour routes more efficient for future travel.

Please refer to the VVHA Website for maps & updates.

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Protect your family from scalding hot water

Water Scalding ChartAt one time or another, we have all turned on a hot water faucet and been caught unaware by steaming hot water. In fact, you may have been lucky to pull your hand out of the flow just in time to prevent a burn. This situation creates real danger for small children who can’t react in time.

The accompanying chart shows how fast excessively hot water can burn. Residential water heaters should always be set to a temperature not to exceed 120 degrees F. Measure the water temperature with a thermometer at a faucet after establishing the flow of hot water.

If the temperature is too high, you can make a simple adjustment at the water heater. A gas water heater has a dial on the front of the gas valve that can be set to a lower temperature. If your home ha an electric water heater, you’ll probably need to remove a small access cover and adjust the thermostat with a screwdriver. When in doubt, look for the instructions or seek help from an expert.

In addition to making your hot water supply safer, lowering the water heater temperature can use significantly less energy and save you money on utility bills.

This information was provided to Real Vinings | Buckhead by Chuck LeCraw of The Cornerstone Inspection Group, Inc. www.CornerstoneInspectionGroup.com


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Atlanta Symphony Orchestra’s Decorators’ Show House & Garden – open through tomorrow!

I had the opportunity to volunteer at this year’s Decorators’ Show House & Garden, located in an historical home in Buckhead, Knollwood. It was a real treat to be stationed in John Oetgen’s Solarium as guests passed through.  This is a great way to support the arts, get ideas for your own home, be exposed to some of Atlanta’s most fabulous interior designers, and take a peak at incredible architecture.  (Also not a bad idea for a last minute Mother’s Day gift!)

The Show House is open through Sunday, May 13, and tickets are $25 at the door. Click here to learn more about the Show House.

Knollwood is the location for the 2012 Atlanta Symphony Orchestra's Decorators' Show House & Gardens.  The show continues through tomorrow, May 13, and tickets are $25 at the door.

Knollwood is the location for the 2012 Atlanta Symphony Orchestra’s Decorators’ Show House & Gardens. The show continues through tomorrow, May 13, and tickets are $25 at the door.

The Family Dining Room was designed by the talented mother & daughter duo, Alison Womack Jowers and Cheryl Womack of Womack Interiors. By the way, the amazing dining table is a Maison Jansen "Palais Royale" table from Parc Monceau. Photos from a great Atlanta design blogger, The Peak of Chic.

The Family Dining Room was designed by the talented mother & daughter duo, Alison Womack Jowers and Cheryl Womack of Womack Interiors. By the way, the amazing dining table is a Maison Jansen “Palais Royale” table from Parc Monceau. Photos from a great Atlanta design blogger, The Peak of Chic.

John stands near a stand with sheet music. Butterflies (not real) are used in place of chess pieces on this antique Chinoiserie games table from Parc Monceau.

John Oetgen of Oetgen Design decorated The Solarium. Many of the designers included something musical in their rooms in honor of the Atlanta Symphony Associates. Photos from The Peak of Chic.

Butterflies (not real) are used in place of chess pieces on this antique Chinoiserie games table from Parc Monceau. Photos from The Peak of Chic.

Butterflies (not real) are used in place of chess pieces on this antique Chinoiserie games table from Parc Monceau. Photos from The Peak of Chic.

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Home for sale in immaculate condition in the Teasley Elementary School district in Smyrna

This home is not currently on the market. If you’re looking for a home for sale like this in the Smyrna area, contact me for a current listing of all the homes for sale under $500k.

New Haven Subdivision ~ 1912 New Haven Court  ~  Smyrna, GA 30080

Four bedrooms, three full and one half baths.

Immaculate condition with hardwood floors throughout, even upstairs bedrooms. The interior has been completely redone, see pictures. This doesn’t look like a standard home as it has many custom features. Outside is a fenced yard with playset, enlarged patio with awning and sidewalk to front.

For information or to see this home for sale in Smyrna, please contact Tina Hunsicker  at 404.931.3944.

1912 New Haven Court in Smyrna is in immaculate condition. Offered at $359,900 by Tina Hunsicker.

1912 New Haven Court in Smyrna is in immaculate condition. Offered at $359,900 by Tina Hunsicker.

The living room is airy and features dark hardwood floors.  Please click on the image for additional information and photos.

The living room is airy and features dark hardwood floors. Please click on the image for additional information and photos.

The open floor plan is inviting and convenient in this home for sale in Smyrna.

The open floor plan is inviting and convenient in this home for sale in Smyrna.

A flat, fenced in backyard is the perfect setting for outdoor play.

A flat, fenced in backyard is the perfect setting for outdoor play.

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Vinings Home Under Contract

It’s nice to see listings start to sell, sellers being happy to move on, and buyers getting a home they can cherish for years. Here’s a listing of mine coated at 3225 Laramie Drive in Vinings that is a pending sale, set to close mid-May.

The market is picking up – we’re seeing reducing numbers of homes for sale and more buyers coming out to see what’s on the market! Click here to search for homes for sale in metro Atlanta….and let me know how I can help you in your next real estate transaction.

Vinings home for sale at 3225 Laramie Drive, Atlanta. Offered at $549,000 and listed by Tina Hunsicker. Click on the image for more photos and information.

Vinings home with a pending sale, set to close in mid May.  3225 Laramie Drive, Atlanta. Offered at $499,000 and listed by Tina Hunsicker.

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