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Welcome back to another week's edition of Go Gaddis Real Estate Radio, right here on AM nine 20, the Answer. I'm Cleve Gaddis, and I appreciate you joining us for this show in this segment. We've got our seven day residential real estate update in metro Atlanta and our, something you should know about Atlanta.
We've got five brilliant beer gardens that you may want to go visit, and there's a new Midtown tower that'll be the tallest in Atlanta for the last 30 years. My name is Cleve Gaddis. I'm a real estate agent and a broker with a full time with a group of full-time agents. Helping buyers, sellers, investors, and landlords make the best decisions whenever possible when buying, selling, or investing all over Metro Atlanta.
And our goal on this show is to help listeners go from real estate novices to expert. So home selling and buying can be done with total confidence and without all the worry that is so typical. With life's biggest investments, we don't want you to learn anything at closing or after that you should have learned before, and we want to connect with you and it is really easy.
Just go to go gaddis radio.com, G O G A D D I S radio.com. You can ask questions, we answer on air or off air. You can make comments if you'd like. You can push back or challenge anything we say. You can share any of your ideas with us. You can ask your neighborhood to be featured in our neighborhood spotlight, and you can subscribe to our podcast.
We're available on all major podcasting platforms. Let's jump into the Metro Atlanta residential real estate update for the last seven days. In the last seven days in metro Atlanta, there have been 1,953 new listings. That's a lot. Uh, normally during the summertime, the spring and summer when the sales season is real hot in metro Atlanta, we'll have.
2000, 2200, 2400. We're up around 2000 and we're in the month of August. That's a big deal. We had 1,350 homes go under contract in the last week, which means we've got about 600 more listings at the end of the week on the market than we had at the beginning of the week. That's a good thing for home buyers, especially those home buyers.
Who feel like they've been looking for the last six months or a year or even two years, and have constantly, uh, been too late or left out in terms of making offers on properties and getting beat out by someone else. We had 1,441 closings for the week. That's a nice active week and 1,417 homes with a price decrease.
That's 1400. And 17 homeowners home sellers who have said to the market, I'm more interested in selling my home this week than I was last week. Which means for you home buyers, it means that there could be some good opportunities out there this week that weren't there a couple of weeks ago. Good opportunity, in my opinion, for home sellers because the market is still strong.
Our inventory is around 2.2 months, 2.3 months worth of inventory, which means it's still a, still a seller's market, but there is significantly more inventory on the market now. This time this year than there was two years ago. Two years ago, there was two weeks worth of inventory. Today there is a total of two months worth of inventory, which means we have four times as much inventory on the market, which I know is kind of hard to believe, but it is true.
We've got a lot more inventory. On the market in our, here's something you should know about Metro Atlanta. We've got five brilliant beer gardens. Now, I haven't been much of a drinker over the last few years, but I have enjoyed going to a beer garden every once in a while. In my life, there's something about sitting outside under a canopy of shade trees sipping local brews, and it's the local brew that are the main thing.
And maybe grabbing a bite to eat with friends that make hanging out in a beer garden, one of life's many, many pleasures. And with a flourishing craft beer scene in Atlanta, most breweries. And brew pubs throughout the city have created delightfully casual outdoor spaces. They say, where people gather together and commune over beer in a little food.
But what makes a beer garden different from just a patio at a restaurant? Uh, some would argue nothing, but believe it or not, there are some very specific things. By definition, beer gardens are open air seating areas, usually surrounded by shade trees and featuring a. Permeable floor surface like dirt or pebbles or gravel or wood chips.
And in this area, both beer and food are served. People sitting at communal tables. The outdoor seating? No. So there's, there's a few of 'em. 1, 2, 3, 4, 5. In Metro Atlanta. We're gonna mention we've got Red's Beer Garden, which is in, uh, ene Park, Southwest, uh, Atlanta. Is that right? Southwest? Uh, Southeast Atlanta.
Sorry, I knew that was not right when I said it. In, uh, Southeast Atlanta, the outdoor seating and back of this Bening Park drinking beer destination is where most people choose to sit. Red's beer garden has become a gathering place for Atlantans to sip beers on draft or buy the can while indulging on hot dogs, or pulled pork or nachos, or even brunch tacos.
Then we've got Wild Haven Beer, which is in West End, if you're familiar with West End, it's just southwest of the city of Atlanta. Uh, the second location of this Avondale Brewery opened in 2019 alongside the West Side BeltLine Trail in West End, and the sprawling beer garden here is one of its best features.
Wild Haven's Beer Garden includes both shady and sunny spots. Then we've got Bold Monk Brewing Company, which is Un Underwood Hills. Uh, this brew pub expanded. Its already generous seating arrangements inside the outdoors or, uh, inside and to the outdoors. Um, it moved Its sitting arrangements from inside to the outside.
Easy for me to say. Um, during the pandemic, creating one of the most beautiful beer gardens in Atlanta, surrounded by nature, mature shade, trees and footpaths. The beer garden at Bold Monk features several seating areas complete with fire pits and cool fall evenings that are great for cool fall evenings.
Then we've got halfway crooks beer. That's in Summer Hill. Summer Hill Brewery, halfway crooks beer transformed an empty lot across the street into a bustling beer garden when friend where friends and families. And crowds can crowd around picnic tables and in uncover seating areas on weekends and afternoons.
And then we close up our list with Brick Store Pub, which is in Decatur. This popular beer pub offers a lengthy list of local Belgian and hard to find beers on the menu. And it's more than two on, its more than two dozen taps. Brick store pub also includes a beer garden behind the building complete with a fire pit.
It's own beer list. Ooh, unique beer list snacks, a patio bar, and plenty of shady spots for both people and their dogs to relax. And as a note, dogs on Leashes are welcome at all of the breweries and are all family friendly. I love that. So if you want to go to a beer garden in Metro Atlanta, there's five good choices for you if you've just joined us.
You're listening to Go Gaddis Real Estate Radio right here on AM nine 20, the Answer. I'm Cleve Gaddis, and I appreciate you joining us On August the 26th, which is a Saturday at 10:00 AM and Wednesday, August the 30th at 7:00 PM I. We are holding a free webinar, a free investor webinar called The Six Keys to Success in Real Estate Investing.
We're gonna talk about best ways to make decisions on how to buy the F four different types of returns you get on real estate. How to sell real estate. Tax deferred and how to invest through your S D I R A. These are free, just go to go gaddis radio.com. In the upper right hand corner, you will see a link that you can click on that, uh, allows you to sign up for the for the investor seminar.
You'll see it in the upper right hand corner and it says, free investing webinar. Upper right hand corner, free investing webinar sign up. You can come to either of the two, or you can come to both of the two if you want to, but either Saturday, August the 26th at 10:00 AM right after the show, or Wednesday, August the 30th at 7:00 PM We've got a new tower being built in Midtown.
Last year we did a segment on the tallest building in Atlanta, called US Bill Dings in Atlanta to recap Bank of America Plaza number one, truist Plaza, number two, both. Midtown downtown area one Atlantic Center is number three. 1 91 Peachtree Tower is number four. Number five is the West End Peachtree Plaza Hotel, which at one time was the tallest building in Atlanta.
Number six is Georgia Pacific Tower number seven is Promenade two. Number eight is Tower Square. Number nine is thir 33 44 Peachtree, and number 10 is 1180 Peachtree, which is also known as Symphony Tower. Well, pretty soon construction will start on a 60 story apartment and office tower that's poised to become the city's fifth tallest building.
In mid-July, a developer broke ground on a 60 story tower that's destined to join the ranks of Atlanta's tallest skyscrapers, adding a new landmark to the city's. Skyline's been. It's interesting to see all the construction going on, especially in Midtown New York. Developer Rock, New York developer Rockefeller Group held a groundbreaking ceremony to begin vertical construction on the tallest building erected in Atlanta at 1 0 7 2 West Pete Street Street.
The mixed use tower will feature 350 market rate apartments. 224,000 square feet of office space and about 6,300 square feet of ground floor retail space at 730 feet. Again, the project would be the fifth tallest tower in Atlanta when completed. The project site was formally a post office, and this is Rockefeller Group's second project in metro Atlanta.
Keep your eyes out for a that new Midtown Tower, the fifth tallest building in metro Atlanta. If you're looking to sell your home anytime in the next six months, we believe we can sell your house for $28,000 more than your neighbor sold his or her house for. If you are listening to this show or maybe listening to a podcast of this show and you're thinking about selling your metro Atlanta home, I encourage you.
To connect with us, it's easy. Go to go Gaddis radio.com or just call us at (770) 497-0000. Modern Traditions Real Estate Group is my local real estate firm, and we believe we bring unique things to the table to help you sell your house for $28,000 more. Number one, we do a customized maximum value plan.
Number two. You will get up to a $15,000 rehab and refresh budget. Well, that where we will make sure that everything about your home shines perfectly so that the first buyer that comes to the table wants to buy it and give you $28,000 more than your neighbor. Go to Go gaddis radio.com. Click on $28,000 more, which you'll see right on the top toolbar.
You'll be on and off that page in 30 seconds, and you'll be all set up and ready to go. After you answer just a few short. Questions. This segment of the show is brought to you by John Birchfield and Capital City Home Loans. John makes it his mission to guide each home buyer step by step through the entire loan process so they are educated and confident in the mortgage decisions that they make during the process.
We're gonna take a quick break when we come back, we got Joe O'Kelly my favorite closing attorney. We're gonna talk about the closing process, help buyers understand, especially first time buyers. Why do we close with attorneys in Georgia and we're gonna discuss some real estate fraud that will probably have you scared.
Stick with us. We'll be back.