Amberfield, Creating balance in the relationship between the seller and his or her agent, Arboretums
-This is a transcript from Go Gaddis Radio to listen to the episode click here-> https://on.soundcloud.com/cZMdk
Welcome back to Go Gaddis Real Estate Radio right here on AM nine 20. The Answer, I'm Cleve Gaddis, and this other voice that you hear in the studio is the one and only. Tammy Slay? Yes, sir. Broker owner of Hip Realty Group? Yep. Uh, leader extraordinaire. Culture Queen. Thank you. From Frisco, Texas. I like your interest.
Please. Hey, if somebody wanted to reach you, Tammy. Mm-hmm. How would they do that if they had, if they were planning to move to Dallas or they knew someone was planning to new move to Dallas and they wanted to refer them to you, how would they do that? What number would they use or website or whatever? I mean, they can call your number.
Okay. And you. Your people will connect them to me or they could go to hip h i p. Yep. Realty group.com. Yep. And they'll get my contact information there, or they can just call my personal cell phone number at (469) 585-0665. Tammy, giving out your personal cell phone number. I thought that was just reserved for boyfriends
it. Well, that's yes. I would say I had a second phone, but I don't, I'm just messing with you. Sorry, you sent me on that one. Yeah, I was messing with you, so, and I'm looking for it. The hip realty group right here. You're prot group.com. Yep. Yep. Exactly, exactly. Looks like you also have a couple of other websites.
You have Homes for sale in dfw. I think I have about 70 some websites You do. That makes sense. Makes sense. All right. Uh, don't forget, if you want to connect, it's easy as go ga us radio.com. You can ask questions, make comments. You can do whatever you want to subscribe to our podcast. We invite you to. Go and take a look and connect with us this week.
We are featuring Amber Field Tammy, as we have driven from Johns Creek down through Peachtree Corners to Spalding Drive. We have driven on a road called Peachtree Corner Circle many times over the last couple of days, and Amber Field is a subdivision that is off of Peachtree Corner Circle. So we've been driving, right?
Wow. By this subdivision. You know when we drive by the forum? Yes. On the right. All those homes that are back up in the trees, that's all Amber Field. That's what we're talking about. So Amber Field is about 440 homes. Give our take. And over the last three years, here's what's happened. Happened pricing-wise.
Amber Field in 2020. There were 13 homes sold, 13 out of four 40. You would expect there to be a lot more than that. You would expect there to be close to 30 homes sold. So there's not a lot of inventory moving in that neighborhood. You said in Dallas your turnover rate's about 7% of the inventory rate?
Mm-hmm. It's a just a little under 7% here in metro Atlanta, that homes took 58 days to sell in 2020, and the average sales price was six. And $5,000. Now that was a, from a low of four 30 up to a high of 725,000, and sellers had to drop their price 1.2% from their original list price in order to entice a buyer to go under contract.
Now that was 2020. Let's take a look. Only 12 months ahead In 2021, there were 17 homes sold. Four more than in 20. They took an average of, remember last year Tammy was 20? 20 was 58 days. Yeah, they dropped to seven days. It only took seven days for the average home that sold in afield to go under contract, and the average sales price went up $102,000 for the year.
The 707,400. Wow. They ranged from a low of 550,000 to a high of 800,000 and houses sold for 2.8% more than their list price. Now let's take a look at 2022. The story may be very. 14 homes sold, which is less than the 17 in 2021, but more than the 13. In 2020, they took an average of nine days. That's still a very active market.
Yes, and the average sales price went up another $114,000 to almost $823,000. They range from a low of 672,000 up to a high of 1 million. A high of $1 million. So the high went from 7 25 to 7 99 to $1 million. That's amazing. Isn't that amazing? Yes. And now think about this Tam. So right now there are two homes available for sale in afield.
That was lucky too. They are listed on average for $862,000, which makes sense where pricing has been in the past. It's a low of eight 50 to a high of 8 75. There is 2.66 months worth of inventory, which means. In our opinion, it is a seller's market, meaning the sellers have a little more influence when it comes to the sales price and the negotiations of a purchase in Amber Field than they might have in other subdivisions that would have a little bit more inventory.
There are 440 homes in the neighborhood. The home sold on average in 2012, Tammy, for $451,000. 2022 was $822,000, which. Those 440 homeowners in Amber Field have an additional 163 million in equity. That's almost a hundred percent, 163 million divided over 440 people. I love home ownership. There are people out there who say, and owning a home is not a good investment.
And I simply disagree, especially when it comes. Stability and security and getting a reasonable return on your investment over time. And uh, I think everybody who owns a home in afield deserves their portion of the $163 million. If you're the type of parent who doesn't want a monkey around with your kids's education or the school's effect on home values, we've got a solution for you.
Go to go gaddis radio.com, click on School Chimp, and you can. Our exclusive School Chimp report on all the public high schools in metro Atlanta. Tammy, you are a data queen, so you love that kind of stuff. What did you think about a School Chimp report the first time you saw one? I, I mean, I was floored. I was amazed.
I was excited. I was texting you all the possibilities. That, that, um, program can be used for. It's quite extensive and very valuable information in there, not only for a buyer, but for a seller as well. And so it'd be nice to know how your neighborhood stacks up. Absolutely. Absolut, how your school district stacks up.
So go to go gaddis radio.com, click on School chimp. Put in a little bit of information. Yeah. Two types of reports are offered. One, you can compare one high school to the average of all Metro Atlanta High. Or, and what a lot of people like to do is compare one high school to another public high school in metro Atlanta.
Mm-hmm. And it'll run for you. Um, all of the information you might want to know demographically about the area. What's the average age of a home? Educational attainment of parents, average household income, things like that. Things that are important, percent of homes that are rented versus percentage of homes that are, that are owned by homeowners.
And then it'll overlay all of the real estate data and it starts with a proprietary ranking or rating of the school. That I think is probably more accurate than any of the other online resources. It uses a very specific algorithm and I think it gives a good representation of the quality of the education in that.
Then it overlays all of the real estate data, average sales prices over the years. A number of homes sold, the total days on the market, the average size of homes that are selling in that area. So it gives you a really good understanding of what's happening in that neighborhood. Go ga us radio.com. Click on School Chimp.
Take your lesson. 30 seconds, you'll be in and out of there, and the report will be prepared in, emailed to you. No cost or obligation within about three to five minutes. It takes the system a little bit to gather all the data and get it set up. You're searching for a home for sale and you're not finding anything you like, you might need to change where you're searching and go to Sure mls.com, S U R E M ls.com.
It pulls listings from both listing services in metro Atlanta, not just one. I know you don't have that problem in Dallas, but it is a problem. So we recommend you search Sure. mls.com. S U R E M L s.com. Tammy slay If a seller wants to have a good relationship with their listing agent or their listing broker, you believe there needs to be balance correct in the motivation between the two parties?
Yes. Talk about that just a little bit. So I believe that a seller who has a high motivation to sell and motivation is generally determined by, um, how, um, how much money they've invested in their home to get it ready for market. You know, many sellers will spend a lot of money repainting their home, updating Kip.
Kitchen cabinetry, putting in new carpet, having it deep cleaned. So they're putting in this money into their home. They have a high motivation to sell. Yep. A high risk too. Cause they put money in and then they may go and hire a broker That, um, is a term we call discount and broker. Mm-hmm. Um, but a or maybe a flat free broker.
Just gimme 500 bucks. Gimme a thousand, gimme. Yep. Yep. And unbeknownst to that seller, that business model only. When the days on market, when that sign in the yard is left for a longer period of time, so that discount broker, they get their money and they get their flat fee, or that flat fee broker, they get that dollar amount, but their business model works by more signs and yard for longer days in yard.
Their level of motivation is not the same. It is right. The same being paid. And as you mentioned, your example, I pictured somebody living currently in metro Atlanta. Mm. Who needs to relocate for work. Mm-hmm. They're gonna go to work for eds. Yeah. In Plano, Texas. Just south of Frisco. Correct. Yeah. And they've got to be there and start work on May the first.
Mm-hmm. Now that person would be in a world of trouble. If their real estate agent and their real estate broker was not motivated the same way. No. So my advice to you out there as a consumer is make sure that your interest is balanced with the interest of your agent. Yes. Tammy, we talked about botanical gardens and Arboretums, and you and I are on a quest to see one of these in every single state.
We've only got about a minute and 10 seconds left in the segment, but tell. A little bit about that. Oh, so this was, so last year on our anniversary, I made a book for you. Yes. Because we love arboretums and we love the botanical gardens. Yep. We feel closer to God and we feel totally relaxed when we're in botanical gardens.
We wanna wonder around for hours. Yes, very much so. And you have your app that you take and, and identify plants with. Yep. The ones that aren't labeled. Yes. We know what they are. That's right. And so I made the book, and in the book it. The one botanical garden or arboretum from each state. And we are on a quest to visit and experience each of those botanical gardens from all the states in the us.
And we've done, I believe, eight or nine. Yeah, we're so far, we're approaching 10. We're getting close to 10. And that's not bad for. No. A year. I mean, not even a year. Yeah, we've done quite a bit. I mean, we even got Hawaii in there. Yeah. Yes, because we went and my grandson being born. Cammy, thank you so much for being with us on the show.
I'm gonna invite you back next week if you'll agree since you will be here. We appreciate you listening to this week's edition of Go Real Estate RA Radio. We'll be back next Saturday at 9:00 AM and we look forward to seeing you then. Have a great week, Atlanta.
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