Hey, this is Parker, your favorite Atlanta REALTOR. It has been a very busy few weeks for me in Atlanta, and we are definitely overdue for a new video! So, I wanted to share some quick on the ground updates about what’s going on in the Atlanta market right now. Let’s get going!
The last few weeks, I’ve had a bunch of buyers in town, and I have been all over Atlanta looking at houses. Everywhere from Midtown all the way up to Milton, Roswell, Sandy Springs, Alpharetta, and Lawrenceville. I’ve been everywhere – I can tell you right now, there are so many houses on the market in Atlanta, that have been waiting for a buyer. These are houses that have been on the market three, four, five weeks, and they’re just waiting for a good buyer. These are houses that last spring would have sold in one weekend with multiple offers. Now they’re on the market for a month, generating one offer!
So things have softened up considerably here. I’m definitely not going to say that it’s a buyer’s market by any stretch of the imagination, but it feels very balanced right now, and things are operating at a much more normal pace. So, for example, I was out with clients last week –we were looking in town, looking at city of Decatur, and we looked at five houses, and actually came away with three really good choices that were priced very reasonably – three excellent options out of five houses that we looked at. It’s very surprising, I mean it’s probably been 17 or 18 months since I’ve seen that kind of availability, and I’m seeing this trend everywhere. It’s not just in town, like I said, Sandy Springs, Roswell, Alpharetta, Lawrenceville – it’s everywhere!
So, if you got totally spooked by all the panic buying last spring, I can assure you that is over. It’s a much more normal market now. It’s brisk, it’s very busy, but it’s not out of control – like roller coaster careening down the tracks wheels about to fall off kind of insanity, which is what it was like in the spring.
So if you’re thinking of making the move to Atlanta, now is an excellent time to be looking. I always encourage people to look in the fall – it’s an excellent time to go out and pick up some bargains. If you’re in the market, as always my phone number is down below. Feel free to give me a call, and we’ll have some more video content out later this week – thanks!
Hey this is Parker Smith – your favorite Atlanta realtor!
Here’s a quick Atlanta real estate market update for July 2021. I had a feeling at the end of May, beginning of June that the market was starting to loosen up a little bit. Additional inventory was coming on to the market, and indeed when i reviewed the numbers for June inventory was up 14. That’s huge!
So what does that mean for buyers? It means that the inventory crisis, which has been going on for over a year, has started to abate. And, this is very good news for buyers! Let’s take a quick look at some maps here that are going to illustrate this for you. This first map shows a two mile radius in North Decatur, a very popular in-town neighborhood, and this is the total number of houses that have sold in the last six months:323. These are closed listings done deals –323 houses.
What’s interesting is that today in the middle of July, there are almost 80 houses on the market in that exact same area. Let me show you – you can see on this map there’s almost 80 listings on the market, and what this means is that today alone, there is 25 of the total inventory that was available in the first half of the year on the market right now looking for a buyer. That’s a significant improvement. Here’s one more map that shows pending sales. These are homes that have cleared their due diligence, and are set to close typically in the next few weeks. This is another 60 houses, so if you add that to the 80 active listings, we get about 44 percent of the previous six months total either active or ready to close.
This is an incredible turnaround for the Atlanta real estate market, and it’s made things much more balanced for buyers. Homes are staying on the market longer with fewer bidding wars. I don’t want to say that the inventory problems are over because they certainly aren’t, but the end of covid has definitely made people a lot more comfortable having their house on the market, having strangers walking through their house.
It looks like prices are starting to stabilize, businesses are relocating their employees again, so all of this is a very positive development if you’re a buyer, and frankly it’s a positive development if you’re a seller as well. So if you were considering a move to Atlanta, but were frightened off by all the negative talk about the Atlanta market, I think you can put your fears to rest. Things are definitely getting back to normal, and it’s very nice to see kind of after the last year of total madness. As always, if you’re thinking about making the move to Atlanta please give me a call my number’s in the box below love to talk to you thanks!
Hey, this is Parker, your favorite Atlanta realtor. Today I’m going to talk about some of the great job opportunities in Atlanta. I’m going to be referencing a lot of articles in the Atlanta Business Chronicle. I want to give them a shout out – it’s a great publication we subscribe to, and there’s always terrific information in there about the job market, the biggest companies, everything else you need to know to get a good job here.
So let me start by saying if you’re going to move to Atlanta, the number one thing you need to have is a job in Atlanta. The cool thing is, if you can secure a job offer letter from a new employer, say a job starting July 1st, my lenders can actually close on a home in June! So you can move to Atlanta a month before your new job starts. Go ahead and close on your home, get moved in, get settled down and then get ready for your new job.
I’m going to do another video on this coming up in a few weeks and getting more in depth into that topic, but i just wanted to put that out there and make you aware of it.
First up in our job opportunities:if you are in information technology, computer science, software development, Microsoft is all in on making Atlanta their east coast center. Microsoft recently bought 90 acres of land near the Bankhead MARTA station, which is on the west side of Atlanta. The plan is to create a new campus there, and also set aside 25 acres for affordable housing. In addition to that, Microsoft has purchased another 125 acres near East Point, which is right next to the Atlanta Airport, and they have another 90 acre site that they’re developing out in Douglas county, which is far west Atlanta, and they have another site in Palmetto for a 250,000 square foot data center. Palmetto is a really interesting little city southwest of Atlanta – it’s the home of Serenbe, which is a planned farm to table sustainable living community, and it’s also one of the principal filming sites for stranger things the Bradley’s Big Buy grocery store in stranger things is actually an old Piggly Wiggly on Center Street in Palmetto, and they use a lot of the neighborhoods around there to film exterior locations as well.So, again, Microsoft is all in on making Atlanta their east coast data center. It’s going to be really interesting to watch the west side of Atlanta develop as this process unfolds. They’re going to be tens of thousands of jobs created and the west side of Atlanta has traditionally been underdeveloped relative to the east side, and when I say under developed, what I mean is that there just hasn’t been that the same housing density on the west side that you see on the east side. It’s going to be a really interesting process to watch right now. There’s just billions of dollars of investment capital flowing into the west side and you know it’s it’s going to be a very exciting time. If you like what we’re doing here please like comment and subscribe thanks.
All right second opportunity:you probably know that more films are produced in Georgia now than in Hollywood, and that’s brought incredible opportunities in the film and tv business, not just in Atlanta, but all over the state of Georgia. One of the reasons Georgia has become so popular is we have mountains in the north part of the state, we have plains down in the southwest part of the state, and we have the beautiful Georgia coast in the southeast, and you know as a filmmaker that gives you access to all these really visually different geographic locations and they’re all just a few hours apart. Georgia also has about 2 million square feet of soundstage production space, and that number is growing very very fast. One of the most exciting developments in film and tv right now in Georgia is that Gray Television has bought the old General Motors plant in Doraville, and they’re converting it into a film and television production hub. Doraville, if you don’t know, is a small city just northeast of Atlanta inside the perimeter. The General Motors plant opened in 1947, and it closed in 2008. It sat there for a few years. They finally demolished it in 2015, and it’s just been a giant heap of concrete rubble ever since. Various plans have floated around over the years for this old General Motors site, and this is the first one that it’s going to happen. Grey Television is planning a real Hollywood-style studio city development, with sound stages, restaurants, parks, a lake. There’s going to be little bungalows there where producers, directors, screenwriters, can all live and collaborate during production. This is a very exciting development! They’re breaking ground on the project this summer with plans to be operational by the spring of 2022. This is going to be an incredible boost for the city of Doraville but also for Chamblee, Brookhaven, and Dunwoody which are all adjacent to Doraville. So, if you’re working anywhere in the film and tv production industry, definitely give Atlanta a look. By the way if you like what we’re doing here I’m a licensed realtor in the state of Georgia please keep me in mind – my contact information is in the box below. You got any questions about Atlanta real estate anywhere in the state of Georgia, I’d love to talk to you.
Let’s keep going! And, our third and final opportunity for today’s video is SAIA trucking. If you have a commercial driver’s license, SAIA trucking is expanding their Atlanta facilities, and they’re hiring 500 class a commercial drivers. SAIA is the number eight transportation company in the United States. They’re offering up to a hundred thousand dollars a year for new drivers with signing bonuses, paid training, 401k retirement plans and paid time off. If you have a commercial driver’s license and you’re looking to make a move to Atlanta this would be a great opportunity.
So whether you work in tech, entertainment, healthcare, transportation, the arts, hospitality – Atlanta is absolutely booming right now and I think you’re going to find tremendous employment opportunities here. If you’re thinking about making the move to Atlanta, please keep me in mind I’m a licensed realtor. My contact information is in the box below – feel free to reach out to me with any questions you have we’ll talk soon!
Hey this is Parker, your favorite Atlanta realtor! Well, spring is in bloom and the Atlanta real estate market is in boom. Things are even wilder now than they were last year, and as we all know, 2020 was a pretty wild year.
Here’s a quick update in some trends I’ve noticed in the Atlanta real estate market. As I mentioned before, due to the high demand last year prices were up 10 to 14 percent across the board. Well, that has definitely continued this year, and it’s led to some very interesting trends.
First off is what I call anticipated price inflation. Generally when a home lists, the list price of that home is based upon recently sold comparable properties. I think that people are already anticipating another five to ten percent increase in prices this year, and they’re going ahead and factoring that into their offers.
Many houses are going under contract above the list price, so that makes it increasingly likely that the bank appraisal is going to come in below the offered price. Which means that you have to be willing to pay the difference in cash. So, if their appraisal comes in low, and they need to make a slightly smaller down payment in order to cover the difference, that seems to be fine with many buyers now.
This observation is actually based on some conversations I’ve had with some of my lenders. They have started seeing some of the appraisals coming in low, because so many people are bidding up the value of these homes. What will happen is as these houses close and people make up the difference with cash out of pocket what’s going to happen is those will become new comps and those will help support the price valuations. You know, two or three months down the road, the problem right now is that it’s happening so quickly that the comps just simply haven’t had time to catch up.
The second trend I’ve noticed is the number of listing agents who are just simply overwhelmed and cannot keep up. Most agents are great communicators, and that’s one of the areas you really need to shine in order to succeed in real estate. So, if you’re dealing with just one buyer on one home search or one home under contract that’s going to generate you know a very significant amount of text and emails and phone calls. These listing agents where they may have a few houses listed and they’re dealing with multiple offers flying in from all angles – I mean they’re literally dealing with you know hundreds of emails and texts and phone calls – it’s overwhelming, it really is. So I’ve noticed a significant decrease in people’s ability or willingness to respond to inquiries, and it’s been a big challenge for everyone. It’s one of those situations where you have to realize you know this is not the norm, and you have to try to really extend your patience and understanding.
One of the houses we recently wrote an offer on received 29 other offers, and ended up under contract for $24,000 over the asking price. I’ve spoken with many agents who’ve had 20 plus offers on all of their listings. One of the houses we wanted to see recently came on the market on a Thursday morning, which is when a lot of homes list, and by noon that day every available showing slot for that house for the next two days had been filled up!
The third trend I’ve noticed is agents going straight to highest and best. Most of them will say send us your highest and best offer by 8 pm on Sunday, and we’ll make our decision Monday morning. Now in normal times, most houses will typically generate just, you know, one or two offers. In certain situations where you have a very high demand property, a house might get you five, six, seven offers, and that’s when you say: hey send us your highest and best. What you’re doing is you’re letting all the people who’ve currently made an offer know that hey, we are in a multiple offer situation, and I need to see your highest and best offer by 8 pm on Sunday. This is a fairly effective strategy in multiple offer situations because it just lets everybody know, yeah there’s a lot of offers on the table, so just you know put out your best offer right away. We’re not going to go counter offer and go back and forth and negotiate all the details, just show us what you got right now, and we’ll consider it. It also saves a lot of back and forth on the part of the agents fielding phone calls saying: hey do you have any other offers? Yes we’ve got lots of other offers, so send us what you got.
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The fourth and final trend that I’m going to talk about today is that houses that formerly would have sat on the market going wanting for a buyer are now flying off the market. Two years ago houses had to be HGTV ready, I mean perfect in every aspect:all the paint, the floor, kitchen cabinets, everything had to be perfect or people just kind of turned their noses up at them. I’m a big believer in the diamond in the rough properties – I love those little old lady houses that are well maintained, but you know need some paint, need some freshening up. I think there’s a tremendous amount of value there, and apparently everybody in the Atlanta market has now come around to my way of thinking, because these houses are not staying on the market anymore. Now people are beginning to see that location is more important than anything else. You can fix up an okay house in a good neighborhood, but you can’t take a bad neighborhood and turn it into a good neighborhood. You can’t lower your property taxes, you can’t double the size of your house – you just have to move somewhere else!
So here’s some data looking at March 2021 versus March of 2020:there were 800 fewer listings this year than there were last year, and houses under contract were up 12% this year versus last year, which is another indication that those houses that used to sit on the market that just didn’t pass the sniff test 18 months ago, those houses are all selling very quickly. Now this isn’t to frighten you, I only want to inform people about what’s going on in the Atlanta market. Demand is very high, but you can still find a good house. If you’re planning on moving here, you’re definitely going to want to bring your patience, and you’re definitely going to need to prepare yourself to work hard and face some disappointments, but ultimately you’ll find the house you want. I had some clients and we’ve had some close calls recently, where you know, we were in a multiple offer situation, we didn’t get the house, but ultimately we found a house for them.
You know, a few weeks later, a month later, and what’s interesting is that all of those clients came back to me and they said, you know Parker we actually ended up with the best house we’re so glad we didn’t get that other house because we really feel like we got the best house for our family, and that’s really nice to hear, because sometimes as an agent you know you’re you’re doing your best, you’re working really hard and for whatever reason, you get beat out by a cash buyer. It’s kind of hard to compete with cash so it is really nice to hear back from these clients and say you know, what all that frustration it worked out in the end.
Another point to note is that the more money you have to spend, the less competition there is for a house. The median sales price in Atlanta is currently around three hundred thousand dollars, which means half of the houses are above $300k and half sell for below $300k. Obviously there are far more people that can afford a $250,000 house than can afford a $500,000 house, and when you get to six and seven hundred thousand dollars, the competition falls off dramatically. Far fewer people can afford the more expensive properties, so if you’ve got you know five or six hundred thousand dollars to spend, be comfortable in knowing that you’re probably going to find a great house fairly quickly.
So I hope you found that helpful! If you’re buying or selling anywhere in Atlanta or anywhere in the state of Georgia, my contact info is in the box below please feel free to give me a call, shoot me a text, send me an email – I’d love to work with you.
Hey everyone it’s Parker your favorite Atlanta realtor, and today i’m going to tell you the five things I hate about Atlanta. Welcome to my channel, which is where I share information about moving to Atlanta, about having fun in Atlanta, and insider information about how things really work in Atlanta.
Let’s get going the number one thing I hate about Atlanta is the pollen. Atlanta is the city of trees and every spring those trees make unbelievable amounts of pollen. If you have pollen allergies, you may want to think twice before moving to Atlanta. At the peak of spring pollen season, you can watch the pine trees and literally see clouds of pollen blowing out. It covers your car in a thick layer – if you have a black car, you might as well go ahead and sell it and get something silver or gold, because all it does is show off the pollen. Even for those of us who don’t have allergies if you get a few days without rain to wash the pollen down you can really start to feel the symptoms of hay fever. Pollen season is a big old mess in Atlanta.
Another downside of all these trees is the sap that comes out of the oaks in the spring – you’ll get in your car and you’ll see on your windshield like there’s this fine mist and then you turn on your windshield wipers to try to clean it all off and it’s like maple syrup just being smeared across your windshield. It’s bad! And, the oak trees make tremendous amounts of these little seed tassels in the spring and in the fall. I mean there’s just billions of pounds of leaves and all of that ends up on your roof. If you don’t clean that off, it’ll rot your roof it’ll get down in your gutters, it’ll clog your gutters, rot out your soffits – it does create a significant amount of home maintenance.
Now those gripes being set aside, I actually love all the trees in Atlanta. I could never live out west and if you’re coming from New Mexico or Texas or one of these arid climates where they don’t have any trees, it’s actually astonishing when you get to Atlanta and you see it’s a forest. It’s a gigantic forest!
Number two of the things I hate about Atlanta: ice storms!!! Atlanta has these incredible ice storms where freezing rain falls from the skies for hours on end, it piles up on the power lines, on the tree branches, all of that gets dragged down and your power’s out for the next three days! Back in 2014, Atlanta experienced what has come to be known as Snowpocalypse. Some people call it Snowmageddon, but i really prefer Snowpocalypse.
Now this will all seem quite amusing if you’re from the north, but here’s the nutshell version of what happened in Snowpocalypse. Late in January 2014, we had several days of sub-freezing weather, and on a Friday, it started to snow very heavily and started to stick to the roads, which is very, very rare in Atlanta. It was the middle of the day, and the schools all said, hey let’s send the kids home, and so everybody that’s at work who had kids had to head home to get their kids, and the bosses said, hey it looks like it’s starting to stick, why don’t we just send everybody home? So you had a classic Atlanta traffic jam combined with a ton of snow!!!There were 800 traffic accidents that day people – ended up sleeping in their cars, people ended up sleeping at work, people ended up abandoning their cars on the side of the highway and just getting out and trying to walk home. It was a total mess, and then what happened is over the next several days it was still right around freezing, it got just enough above freezing that the snow melted a little bit and then overnight it froze super hard again and two days later this entire town was glazed with ice. It was five days before you could go anywhere on the roads, so it’s not so much that Atlanta gets snow and gets ice like every other state, it’s that it happens so infrequently that we’re just really not prepared to handle it.
We saw what happened in Texas just last week –they had a major storm move in, everybody lost power, they’re freezing in their homes. Similar things have happened in Atlanta, so be prepared.
Number three – we have roaches!!! Not just any kind of roach, we have palmetto bugs – these giant freaking roaches – you’ll see them in your house and they’ll suddenly take flight and land on you and terrorize you. A few years ago I was having a dream that I had a roach on my face and I slapped my face in the middle of the night, and I said, oh that was funny I was dreaming I had a roach on my face, and I slapped myself. Well, I look in the bed next to me and there’s a dead roach!!! There was a roach on my face, and that’s what these roaches do, they’ll get on you, they’re not afraid of you.
Mosquitoes – okay, combined with the roaches, we have mosquitoes. Atlanta’s great I’d say 10 months out of the year, July and August roll around, forget it – tons of mosquitoes.
Black widows – now if they all look like ScarJo I wouldn’t mind, but these are real black widows. A couple of years ago my son’s teacher was reaching into her mailbox to get her mail out, and she got bit by a black widow in her own mailbox!!!! Another time my son had an old Bob the Builder hat that he loved to wear and it sat out in the yard for a few days, and he went out there and picked it up, and he was about to put it on his head, and he looked down, and there’s a giant black widow that had built a nest inside of his hat!!!You’ve got to keep your eyes open!
We also have brown recluses or at least i think we have brown recluses. Honestly if I see a spider anywhere, I just kind of step on it and squish it.
Number four of the things I hate about Atlanta:the wild animals!!! We have copperheads that have been making an appearance over the last several years. Snake bites have gone way up! We’ve been seeing a lot of these copperheads on the trails where we like to hike and bike and walk, and just last summer we went down to the new Peachtree Creek park, and my son wanted to go down and splash around in the water. Well my oldest son says Dad, there’s a snake there, and I look down and there’s a copperhead that’s as big around as a baseball bat!!!!Just a huge snake sitting right there waiting to bite somebody!
Atlanta also has an increasing population of coyotes. Normally you don’t see them during the day, although the last few years it’s becoming more and more common. They do come out at night, and I gotta warn you if you have cats, you want to keep them indoors after dark. That’s not an exaggeration – this is for real!!! Coyotes love to go after cats, so keep them indoors.
And number five of the things I hate about Atlanta!!! I should have actually made this number one, I should have done these in reverse order, but number five –we’ll say five is the greatest, the most hated thing in Atlanta. You probably know the traffic here is awful, but the thing I hate the most about it is that they never stop working on the roads. You’re always out trying to get somewhere, and they’ve always got a road closed because they’re trying to improve the roads, but their improvements never actually make anything better!!! Up in Sandy Springs, which is one of the busiest parts of Atlanta, they have been working on the I-285 perimeter interchange with Georgia 400 since 2017!!!! Back in October, after nearly three years of work, they finally opened one section of the new road! So my advice to people moving to Atlanta is always know where your work is, and live very close to there you don’t want to spend a lot of time on the highways in Atlanta. So I hope you found that fun and informative if you’re making the move to Atlanta, please give me a call I’d love to talk to you, I’d love to help you find a house, Thanks!!!
