2011 real estate trends in Buckhead’s zip code 30327

In compiling statistics for Buckhead’s most elite zip code, 30327, it is harder to elaborate on each house sold since the volume is so much higher.  I have a few comments here and then charts below with more information about real estate trends in Buckhead during 2011.

  • First and foremost as I’ve mentioned before, inventory continues to decrease in Buckhead.
  • Even though prices are still soft, but not declining further, it looks like we are headed into a much more stable market as inventory levels are under 12 months.
  • The trend is decreasing for foreclosures and we’re seeing less and less of them.
  • The other interesting thing to note is that where the average price point is for homes that are for sale is almost double where the average price point for what is selling; that tells us something too.

The product on the market is priced higher than where the buyers are.

With mortgage rates under 4%, around 3.75% right now, people can trade up in their homes if their current house will sell.  The problem is that if they sell their current houses at where the market demands they are losing equity and don’t have the 20% to put down on the next house and most Jumbo mortgages are still requiring 20% down.

The exception to that scenario is for doctors. I’ve sold quite a few properties to doctors this year and they can still get 95% loans with certain conditions.  So if you’re reading this and you are a doctor, it is the perfect time to buy! 

For the Atlanta real estate market to turn into a sellers market we’d have to get inventory levels to about 6 months. However, at various price levels I’m receiving emails daily asking if I have anything coming on the market that isn’t on yet. These inquiries tell me that there’s pent up demand and good homes that are priced to the current market will sell pretty quickly.

I’m glad to pull specific neighborhoods, streets, price points, etc. for you to look at homes that are listed for sale in the Buckhead market (or anywhere in Atlanta!) if you’re interested.

I know most of us don’t like what our houses are worth today and if you’re still wondering, I can run a Case Shiller index for you, pull neighborhood comps etc.  It’s usually not as bleak as Zillow suggests!

In Atlanta's elite zip code of 30327, known as Buckhead, Tina Hunsicker of Atlanta Fine Homes Sotheby's International Realty shares the statistics about the number of homes for sale vs the number of homes sold per month in 2011.

In Atlanta's elite zip code of 30327, known as Buckhead, Tina Hunsicker of Atlanta Fine Homes Sotheby's International Realty shares the statistics about the average sales price vs average list price for homes sold by month in 2011.

In Atlanta's elite zip code of 30327, known as Buckhead, Tina Hunsicker of Atlanta Fine Homes Sotheby's International Realty shares the statistics about the number of months of inventory by month in 2011.

 

 

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Homes sold in Vinings (30339) in 2011

Below is a chart featuring homes that sold in Vinings (Atlanta, GA) in zip code 30339 for 2011.

In Vinings last year almost 30% of the sales were bank owned or estate sales.

This trend continued to push the average sales prices of homes in Vinings down.

Vinings
Address in Zip Code 30339
SOLD Price Date Type
3173 Laramie Drive $150,000 2/16/11 Estate
4275 Lansdowne Drive $172,500 7/8/11 Bank Owned
4500 Rebel Valley View $312,000 4/7/11 Bank Owned
3360 Ridge Point $349,900 7/28/11 Bank Owned
3680 Tanglewood Drive $380,000 3/18/11
4251 Brookview $460,000 3/24/11
3217 Teton Drive $471,500 9/9/11
3324 Cochise $495,000 5/6/11
3026 Farmington $502,000 4/13/11
3333 Cochise $528,000 11/17/11
3356 Cochise $550,000 3/15/11
4129 Brookview $575,000 8/15/11
3237 Cochise $575,000 5/9/11
3642 Cochise $600,000 12/16/11
3221 Circle Oaks $669,000 Not Listed
4323 Orchard Valley $675,000 11/28/11 Estate
3580 Grove Gate $725,000 2/25/11
2861 Bakers Farm $800,000 6/17/11
2887 Knob Hill Drive $866,531 4/25/11   Short Sale
2889 Bakers Farm $873,000 4/18/11
4735 Polo Lane $900,000 6/13/11 Bank Owned
3030 Loridan Way $950,000 11/21/11 Bank Owned
3589 Grove
Gate
$950,000 2/10/11
4739 Polo Lane $1,260,000 1/27/11 Bank Owned
2787 Lansdowne Lane $1,350,000 4/7/11 Bank Owned
3025 Bakers Meadow $1,750,000 1/4/11

I do see activity picking up and while I expect the volume of transactions to increase, I do not foresee home sales prices increasing for 2012.

There is a demand for properties right now, so if you have the stomach for the new prices ranges it is possible there is a buyer out there!  Click here to see the homes for sale in Vinings currently.

I’ll compile the Buckhead 30327 soon!

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Registration begins for Atlanta summer camps

I know I did a post on Atlanta area summer camps last summer, but I wanted to add new data as it comes along. 

Westminster Summer Camp is taking applications for return campers starting January 13th.    Remember you can start your child at camp here when they turn 4.

Lovett is posted to sign up already

Haverty Hollow sign up begins in February. Click here to go to the information page for Haverty Hollow camp.

As I find out dates of other camps starting their registration I’ll post them as well.  I couldn’t find any dates yet on Pace Camp yet.

I did find out information on a Surfer Camp in Charleston SC, but your child needs to be 8 to start there.  Chase will be going there next year!

As always, any camp ideas please let me know and I’ll post for others.

Summer Camps in the Southeast

Photo Credit: Camp Mac

UPDATE: Camp Mac in Alabama knows that there are as many different kinds of summer camps as there are different kinds of kids. They provide a great list of camps in the Southeast.

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Third most expensive home sale in Atlanta in 2011 – Habersham Road in Buckhead

Originally priced at $8.5 million an estate on Habersham Road in Buckhead closed in December 2011.

This estate in Buckhead was designed by Bill Baker and custom built on a +/- four acre lot.  It sold in December 2011.

This estate in Buckhead was designed by Bill Baker and custom built on a +/- four acre lot. It sold in December 2011.

The kitchen in the recently sold 2750 Habersham Road in Buckhead.

The kitchen in the recently sold 2750 Habersham Road in Buckhead.

2750 Habersham Road was listed in March 2011, and sold in under a year which is great at that high of a price point.  It closed at $6.5M or 77% of list price — a great deal and the third most expensive home sold in 2011 in Atlanta.

There was an article in the AJC around November that told a story about the sellers (it was lengthy and not very nice so I’d rather not repeat the story, but I’m sure you can look it up online if you’re interested).  The sellers were in a stressful situation and I’m sure they are very happy that it has sold.

The tax records indicate that the purchaser is Donald M. Leebern III, who is the heir to Georgia Crown,  a family-owned beverage distributor.  Third-generation CEO Donald Leebern Jr. and fourth-generation president Don Leebern III are the current crop of Leeberns to own and manage Georgia Crown. It was founded by Fate Leebern as Columbus Wine Company Distributors in 1938, the same year Georgia repealed prohibition.

Apparently the Leebern’s purchased a 3.8 acre tract of land on Woodhaven about two years ago with plans to build a new home and somewhere along the line changed their minds and purchased this estate on Habersham.

Buckhead's 3540 Woodhaven Road has an existing home in need of renovation - on an incredible 4+ acre lot. Back on the market after being held by the new buyers of 3750 Habersham Road in Buckhead, one of the most expensive homes sold in Atlanta in 2011.

Buckhead’s 3540 Woodhaven Road has an existing home in need of renovation – on an incredible almost four acre lot. Back on the market after being held for a couple of years by the new owners of 2750 Habersham Road in Buckhead, one of the most expensive homes sold in Atlanta in 2011.

The lot on Woodhaven is now on the market for less than they paid for it in 2010 at $3.7M if you’d like to build your own estate!

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Light and bright homes sell faster

Happy New Year! I sat down to come up with my business ideas for 2012 and thinking creatively how to sell my listings in Vinings, Buckhead and throughout Atlanta. In thinking back to the buyers I worked with this year, one common theme runs through all the homes that they were interested in – Light and Bright.

This kitchen is on the back of the home and lets in a lot of natural light, there and into the family room.  Click here to find out more information about this home for sale in Vinings on Laramie Drive.

This kitchen is on the back of the home and lets in a lot of natural light, there and into the family room.

Back when I started in real estate – now a decade ago, I remember a very experienced agent telling me something that stuck with me “light and bright sells”. That idea runs through staging a house for sale and time of day to shoot a house for pictures.

Open the drapes - or remove them entirely like my listing at 1655 High Trail in Rivers Call. Light and Bright sells a home!  Click on the image for more photos and information.

Open the drapes – or remove them entirely like my listing at 1655 High Trail in Rivers Call. 

Often I have my client take down draperies that are blocking any sunlight. They may have spent thousands on having them made, but when we’re showcasing a house for a buyer, the more light the better!

One of my recent buyers was very interested in making sure the back of the house was south. Since most kitchen and family areas are on the back they would tend to get the most sun. I actually got her a “happy light” for Christmas as she truly believes that light affects her moods and she’d have to undergo light therapy if her house didn’t face the right direction!

Around 2005ish when new construction was booming, builders were building tudor styles with dark doors, dark beams, dark floors and cabinetry. I’m thinking these styles have gone the way of hemlines. (You know they say skirt hemlines go down in a bad economy and up in a good one.)

I’m thinking that in a bad economy people want to feel happy and light and bright houses help accomplish that.

I don’t believe everything has to be white to get that feeling. Designer Lori Tippins (Tippins Interiors) has helped two of my clients accomplish this feeling without doing that by:

  • darkening the floors and kept the walls lighter with color still added
  • helping clients make their houses more “still” and cut down on “busy”ness to give them a calm feeling.
  • not putting granite in a kitchen in at least 4 years!

Without a lot of new construction out there the latest styles are not seen as often, buyers are having to make changes to update their homes. Lori believes in marbles, wood, concrete and other products like that. I do see some of the builders still using products that they were successful with 5 or 6 years ago.

Even my most traditional buyers want wide open, bright spaces. Sometimes that may mean cutting back trees or limbing them up on resale houses, as we all tend to like the trees in our yards, but as they begin to block windows, it is time to move them or cut them down.

I represented the buyer in the purchase of this East Cobb home. Key to the sale was the interior light of the home, which was newly built in 2011.

I represented the buyer in the purchase of this East Cobb home at 326 Greyhaven Lane. Key to the sale was the interior light of the home, which was newly built in 2011.  Lori Tippen, an interior designer helped my client to change paint colors and add lighter elements throughout the home.

I’ve sold two new construction houses in metro Atlanta since December 2011, and both were sold due to the light and bright feeling. One was very European feeling (Laurel Drive) with a wall of windows in the kitchen and hardly any upper cabinetry, but the feel of this room and the level backyard with a South Beach feel is what emotionally attracted the client to this home.

The other home I sold in December 2011 was in East Cobb (326 Greyhaven Lane) is the one that has good light, but Lori had to help my client with changing paint colors converting to marble etc.

PVC pipes are being used in new construction rather than copper tubing, which is subject to being stolen.

PVC pipes are being used in new construction rather than expensive copper tubing, which is subject to being stolen.

Another item that is a new material I’m seeing in these homes is PVC supply plumbing. The first time I saw this I was shocked, but the inspector assured me it was OK, then when I saw it again in the Greyhaven house I was more prepared. With copper prices so high and the fact that the copper is actually being ripped out of the walls during construction, builders are moving to this type of plumbing. The jury is still out on it in my mind, but the inspectors say it will be fine.

Another aspect of this light and bright “need” is that I have definitely seen a real need for contemporary houses. The traditional houses that are all over Atlanta, are not what many younger buyers, clients from other countries and those moving in from out of state are looking for.

I think I’ll feature this desire for more contemporary style architecture in Atlanta in a future Blog Entry as it’s a pretty important new trend. I’d love to have any ideas you have on helping homes become light and bright!

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Things to do in Atlanta over the holidays with kids

With only a few more days of school and then two weeks off for the holidays, I’m trying to think of what to schedule to keep my little guy busy and happy. Here’s a list of things to do around metro Atlanta during the holiday season with kids.  You know I always welcome more ideas!

  • A great outlet for all that holiday energy - an indoor climbing gym called Atlanta Rocks!

    A great outlet for all that holiday energy - an indoor climbing gym called Atlanta Rocks!

    Exercise – always jumpy places, but lately Chase is loving the “Atlanta Rocks” rock climbing.  He’s been to a couple of birthday parties there and can climb almost any wall.

  • Playdates – I’ll coordinate who’s in town and when, maybe some WII games of tennis, golf etc.
  • Friends over for campfire, hot dogs, marshmallow, hot chocolate (and wine!)
  • Vinings Historic Preservation Society – Deck the Halls this coming Thursday, December 15, with woodworking, and treats. It’s at the Old Pavillion on Paces Mill Road from 4:00 – 5:00p.m.
Whether you're up to baking Martha Stewart's holiday cookies or a treasured family recipe, baking cookies with your kids is a fun tradition to make!

Whether you're up to baking Martha Stewart's holiday cookies or a treasured family recipe, baking cookies with your kids is a fun tradition to make

We’re still putting up and decorating extra trees in other rooms of the house

  • Drive around at night around Buckhead to see the elaborate Christmas decorations – I have a new camera and will try to see if I can capture some of these for those of you that haven’t seen them – kinda crazy!
  • Stone Mountain Christmas and Snow Mountain – This is a good full-day activity which includes two hours of sledding, train and tram ride, Polar Express 4D, lots of hot chocolate, etc.
  • We saw “The Grinch that Stole Christmas” at The Fox last weekend, now The Nutcracker has taken over. Each year the Atlanta Ballet brings to life the classic Christmas tale of Clara and the Nutcracker. This is a ballet full of holiday magic that has captivated young and old throughout the ages. It is also a great way to introduce children to the art of dance. December 8 – 24 at the Fox Theatre
DryBar is the latest trend in Atlanta combining socializing with getting "all fixed up" and drinking! Genius!

DryBar is the latest trend in Atlanta combining socializing with getting "all fixed up" and drinking! Genius!

Moms, a new place I need to check out – “Dry Bar“, apparently it’s a walk-in-get-your-hair-washed-and blow-dry place that serves wine!

I was at a party last night and everyone was talking about it.  It’s been open about three months and it’s right next to the St. Regis on West Paces Ferry Road in Buckhead.   You might even need a reservation this time of year.  Interesting new concept.  For my friends in other cities – new business idea you might want to try!

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Vinings home located in the Chattahoochee flood plain under contract on Cochise Drive

Vinings home under contract at 3642 Cochise Drive.....the first home in the flood plain to sell since 2009.

Vinings home under contract at 3642 Cochise Drive.....the first home in the flood plain to sell since 2009.

3642 Cochise Drive, Atlanta, GA 30339 is under contract.

This is big news for a couple of reasons:

  • This is the first house in the flood plain in Vinings to sell since 2009. 
  • The bad news is the price it took to sell.  

I had this home listed pre-flood at $1,350,000 and here at the end of 2011, the last list price before it went under contract was $624,000, and I assume they got it for slightly less than that.

Also, it was a corporate sale so the price was reduced consistently over the past year plus that its been on the market.  My client who lived there was relocated to Chicago and shortly thereafter their company bought the house from them, so all is good for them but the company had quite a shortage I’m sure.

I’ve heard the buyers are local Vinings residents and the house was a great deal.

The kitchen and bathrooms were all new in this home under contract in Vinings.

The kitchen and bathrooms were all new in this home under contract in Vinings.

The kitchens and the baths are all completely new as is the basement – which is the area that will flood.  It is all tiled now so it can be hosed off in case of another “event”, but can be used as a great family room in the mean time.

A tile floor was installed in this post-flood home that is under contract in Vinings. Very practical!

A tile floor on the terrace level was installed in this post-flood home that is under contract in Vinings. Very practical!

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Top Things to be Thankful for in Vinings

Vinings is a great community in Cobb County, and as it  is situated so close to Buckhead and feels a part of the thriving metropolitan Atlanta…. It’s easy to sit back on our private, tree-lined streets and feel very thankful for our “small” community.
As a resident of Vinings for many years, I wrote this list of things I’m thankful for now and throughout the year.  Let me know what I should add to the list!
Things to Be Thankful for in the Vinings Community
  1. Vinings - a great community where we have a lot to be thankful for!

    Vinings - a great community where we have a lot to be thankful for!

    Four square miles of small town in the middle of a great metropolitan area

  2. Access to the interstates
  3. Great public and private schools in our backyards – walk to Lovett and almost walk to Westminster (2.7miles)
  4. Low Cobb County taxes
  5. Sidewalks connecting all of us
  6. Caring neighbors and close friends
  7. Fun community activites via the Cochise Club and Vinings Village
  8. Interesting topography and beautiful trees
  9. Great restaurants to walk to
  10. Our wonderful library and firehouse
  11. Close gas stations
  12. Dog friendly atmosphere
  13. Varied social and cultural backgrounds
  14. The Chattahoochee Riverto walk to and along

    The Chattahoochee River National Recreation area has an access point in Vinings at Paces Mill.  Photo from VisitSandySprings.org

    The Chattahoochee River National Recreation area has an access point in Vinings at Paces Mill. Photo from VisitSandySprings.org

  15. My neighborhood’s lake
  16. This time of year – CVS Minute clinic!
  17. Many alternative ways to get intown or around Buckhead without going on highways

Happy Thanksgiving!

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Holiday traditions we love

I’ve recently been thinking about new “traditions” that our kids are seeing that we didn’t have growing up.  Or maybe these are Southern things that I just wasn’t familiar with. Holiday traditions may be a bit off of my main blog topic, but since I live in Atlanta and learned about them while living in Vinings I’d like to hear other comments on whether this is national or a local phenomena.

“Booing” – this one I like.  Sometimes a couple of weeks before Halloween and recently just a few days before.  You’ll get a knock on your door and see a costumed child running away.  Left at your doorstep is a bag of candy.  The tradition is that you mark your house as “booed” and then you “boo” 3-5 others.  We don’t do it quite like that as my son loves to be “booed”, so we accept all booing that comes our way.

An action shot of my son, Chase, after "Booing" a neighbor's house.  He loves it!

An action shot of my son, Chase, after "Booing" a neighbor's house. He loves it!

This year I was busier than normal and came home late one night to see him all dressed up and ready to roll.  Usually we’d spend a few days getting up to 12 bags ready to take on our booing adventure.  This night we only did about 5.

He’s gotten good at it as he’s gotten older, I have to park up the street and he runs down in mask and costume and rings the doorbell.  He only got busted this year as one mom saw me and told some others and they figured it out.  That’s OK, we got more booing back that way!  Booing makes the Halloween holiday last longer and its fun to try to not get caught.  Maybe this is like the devils night in the “olden” days.  I remember kids doing bad things the night before Halloween, that doesn’t seem to happen anymore.

 

“Elf on the Shelf” – I was warned about this new tradition and never got started with it.  Apparently the month before Christmas the elf comes out and does crazy things at night.  A neighbor said he ends up in the cereal box, he’s put toys out all over the place etc.  It’s a month of being creative and trying to find things to do with the elf!

My poor son doesn’t understand why he doesn’t have an elf, oh well, we do have one but he just sits there, he doesn’t do bad things and that’s OK with me!  Here’s where you can buy your Elf on the Shelf….should you choose to do so! And, now there’s a video coming out too. 

St Patty’s Day – Heck we always use to drink green beer and that was the extent of traditions.  Well it seems in elementary schools here there are elves that run around and do crazy things on St Patty’s day every year.  They are particularly fond of turning over desks and things like that.

I just saw something recently about an angel around Christmas.  Someone has written a book and is trying to sell angels.  I guess they probably do “nice” things around Christmas.

My sister-in-law has this Christmas pickle.  Now I guess she has 2 pickles.  The kids get money on Christmas morning for finding the pickle.  Might be something Italian about that or just her family.

A friend from Romania has a tradition where they put their socks out and get gifts before Christmas – I’ll have to follow up on this and learn more about it.

I’d love to hear of anything else that you’ve seen lately or your family does that might be of interest to others.  If its easy enough or fun enough, maybe we’ll do it – we sure love booing!

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Vinings Home – a Cape Cod in Perfect Condition

This home now has the status of SOLD.

The perfect private setting in Vinings is further enhanced by a new kitchen and roof, and updates throughout this Cape Cod. Located at 3225 Laramie Drive in Atlanta, this home for sale has four bedrooms and three and a half baths.  There’s a full basement and two-car garage in this home that is oh so close to Vinings Village.  

Offered at $499,000 and listed by Tina Hunsicker

Vinings home for sale at 3225 Laramie Drive, Atlanta.  Offered at $549,000 and listed by Tina Hunsicker of Atlanta Fine Homes Sotheby's International Realty. Click on the image for more photos and information.

Vinings home for sale at 3225 Laramie Drive, Atlanta. Now sold, originally offered at $549,000 and listed by Tina Hunsicker.

A light-filled living room is anchored by a cozy fireplace in this Vinings home for sale. Click on the image for more photos and information.

A light-filled living room is anchored by a cozy fireplace.

This totally new kitchen features an incredible view to the living room and to the well-manicured back yard. You're so close to Vinings Village, you may never cook since there are so many great restaurants nearby!

This totally new kitchen features an incredible view to the living room and to the well-manicured back yard. You’re so close to Vinings Village, you may rarely cook since there are so many great restaurants nearby!

The spacious master bedroom is on the main level, with three additional bedrooms upstairs. Click on the image for more photos and information about this Vinings home for sale.

The spacious master bedroom is on the main level, with three additional bedrooms upstairs.

The private back yard is the perfect setting for entertaining.  Click on the image for more photos and information about this Vinings home for sale.

The private back yard is the perfect setting for entertaining.

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