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Location, Location, Location: How Does Air Quality Affect Real Estate?

Posted By: Cleve Gaddis In: Gaddis Real Estate Radio
Date: Fri, Sep 15th 2023 4:21 pm

-This is a transcript from Go Gaddis Radio to listen to the episode click here-> https://soundcloud.com/cleve-gaddis/location-location-location-how-does-air-quality-affect-real-estate/s-YHVLzJ0nUKN?si=127571b9922945e5a40f25ce482fa03c&utm_source=clipboard&utm_medium=text&utm_campaign=social_sharing

Welcome back to Go Gattis Real Estate Radio right here on AM 920 The Answer. My name is Cleve Gattis. Thanks for sticking with us through the break. In this segment, in our Neighborhood Spotlight, we're featuring Fox Hall in Roswell. If you live in Roswell or Sandy Springs or Dunwoody or Alpharetta or maybe even Johns Creek or the surrounding areas, you want to pay attention to this segment.

Cause what's happening in Fox Hall might mirror what's happening in your neighborhood as well. Atlanta recently had a code orange air quality alert. Does air pollution affect real estate and real estate values? Don't forget we want to connect with you and it is easy. Simply go to gogaddisradio. com.

That's G O G A D D I S radio. com. You can ask questions. You can make comments. You can ask questions, by the way, that we answer on air or off air. You can push back or challenge anything I say on the show. You can share your ideas with us that hopefully you'll give us permission to share with other listeners some tips and tricks and things you've learned about being a homeowner or becoming a homeowner that you feel like might be helpful for other people.

And you can subscribe to our podcast. We would love for you to be a podcast subscriber. We're available on every single major podcasting platform. GoGaddisRadio. com. G O G A D D I S Radio. com. First thing on this segment is our neighborhood spotlight. We're featuring Fox Hall and Roswell. It straddles Fulton and Cherokee counties.

You go 400 north to Holcomb Bridge exit. Go west toward Highway 9. Holcomb Bridge becomes Highway 92. Turn right on King Road. You'll know that's where Roswell High School is. Turn left on Cox Road neighborhood is on the right. Use old course drive to enter. It consists of 278 homes as a swim tennis community and rural Roswell again in Cherokee and Fulton counties.

It's amenities include a playground and a clubhouse. It's adjacent to the Ansley Golf Club. It is 10 minutes from the Leta Thompson Memorial Park that has an art center, blacksmith forge, dog park, walking and jogging trails, a pond and gardens. 15 minutes from Berry Patch Farm, which is a seasonal you pick.

Your own blueberries and pumpkins and they have hay rides and everything. Fifteen minutes from Wills Park, which includes pools, playgrounds, tennis, dog, park, equestrian center, and fifteen minutes from Mabry Park, which is a 26. 5 acre park. Uh, it's a farm, has a farm themed playground and trails and a lake, and it's twenty minutes to downtown Roswell, Roswell Mill, or you could go east and be in downtown Woodstock, which shops and restaurants and entertainment and festivals very quickly, again within twenty minutes.

It's also 20 minutes from Badger Creek Park, which is in Cherokee County. It has soccer fields and also volleyball courts as well. Let's jump in and take a look at the market in Fox Hall. Let me pull up the data here real quick. Each week, we pick one specific Metro Atlanta neighborhood to call out critical changes over the last few years to help you understand as an owner in that neighborhood, whether or not you might have a particular advantage in today's.

Real estate market, and we believe that an educated home owner, an educated owner, can make the right decisions when it comes to buying, selling, or hey, staying in place. In 2020, there were 12 homes sold that took an average of 78 days at an average sales price of 486, 000. They range from a low of 385, 000 up to a high of 615, 000.

In 2021, there were 17 homes sold. With a little under 300 homes, we'd expect there to be around 20 or 21 homes selling in that neighborhood on a month, on a yearly basis, 17 homes sold in 2021 took an average of 24 days, man, that's a big decrease from the 78 days of the year before and home sale prices increased, gosh, let's just call it 86, 000 to 686, 556.

They range from a low of 515 up to a high of 900. Thousand year to date this year, excuse me, in 2022, uh oh, wait a minute. 486,000 average sales price in 2020 599,000 in 2021. I totally skipped right over that. $109,000 increase, another $86,000 increase, 2021 to 2022 in 2022. Nine home sales. Took place for the year.

They took an average of 18 days continuing to slide. The low price was 515, 000. The high price, 900, 000 this year. However, year to date in 2023, only two homes have sold in the neighborhood. They've taken an average of six days to sell the average sales price, 632, 000, which is 50, 000 less than it was in 2022.

Not sure exactly what that means, but my guess is based on home sales over the past 12 months, that this is turning into a buyer's market in that particular neighborhood. There's currently three homes available for sale. in the neighborhood. Two homes sold this year. Five homes sold in the past year.

Average list price is 641, 300, which means with three homes available for sale and five homes sold over the last year, we've got 7. 2 months worth of inventory. Almost 280 homes in the neighborhood. Those homes, on average, sold for two, in 302, 590. When you look at the average sales price in 2022 of 686, 000, homeowner equity in that particular neighborhood, uh, have increased 78 million, 78, 390, 000.

Served by Sweet Apple Elementary School, Elkins Point Middle School, Roswell High School. Roswell High School gets a School Chimp score of 96. If you're the type of parent that does want to monkey around with your kid's education or the school's effect on home values, you need to get a School Chimp report.

It's easy. Go to gogaddisradio. com, click on School Chimp, put in a little bit of information. It'll either allow you to compare one... public high school in metro Atlanta to the average of all public high schools or it'll let you compare one high school to another Individual high school. You can just answer a few questions as you get in.

It'll give you a rating or a school score It'll give you the demographic information You're probably interested in the size of a home the percentage of people who rent homes versus people who own their home in the area Give you the educational attainment of parents, the average household income, all that kind of stuff.

And it'll give you all the real estate data, everything you could possibly want by school district. Get a schoolchimp. com report today. If you are searching for homes for sale and you're not finding what you're looking for, it could be that you need to change where you're searching. And I suggest you change over to suremls.

com. S U R E M L S dot com. S U R E M L S dot com. Pulls listings from both listing services. It could be the key to helping you find the house that has been eluding you for months and months and months. You've heard this before, location, location, location. But when location, location, location also brings pollution, is that a problem?

Because what we hear in the news about the air quality recently in Atlanta, have you worried about a future move either to a place that might have worse air quality or maybe just to another place here in Metro Atlanta? And I'm guessing as a buyer, if you heard about any negative information like this, Um, things that could affect your health that it would ultimately influence your decision.

Jordan in Atlanta submitted a question on August the 25th, Atlanta was issued a code orange air quality alert for the third consecutive day. Is that true? Is it true that air pollution can affect property values? And I would say at this time, uh, it is, is not necessarily, um, something that would affect Home values in Metro Atlanta, but could it over time?

Absolutely. It totally could. Um, there are basically, uh, six different levels. There's green, which is uh, let's just say zero to fifty, uh, which is probably air pollution particles per million. Uh, 51 to 100 is moderate, that'd be a yellow. The orange is unhealthy for sensitive groups, that would be from 101 to 150.

Then you've got red, which is unhealthy. Then you've got, uh, that's 151 to 200. You've got purple, which is very unhealthy, 201 to 300. And then 301 to 500 is hazardous for your health, and we haven't had that at any time recently. You can go to a website that is www. airnow. gov. A I R N O W dot gov. You can type in a zip code.

I went in and typed in 30328, which is Dunwoody Sandy Springs. And looked at the map of the, um, of the levels. And for pretty much all of August, it was either green or yellow, except the 21st, the 22nd, the 23rd and the 24th. And in the 3 0 3 2 8 zip code, it wasn't an orange on the 24th or 25th. It was a red on the 24th or 25th.

And I can't tell which day it is exactly. That's why I'm giving you both of those. And so. You, I think we all, as, as people become more sensitive to the quality of our air, I believe that it is very possible that home buyers will start to search by air quality as they're looking to find a new home. And it might very well change their decisions.

If you're looking to purchase a home, looking to sell your home in Metro Atlanta anytime in the next six months, I invite you to take advantage of our seller confidence plan. What does that mean? Well, We believe that every single home seller in metro Atlanta deserves to have their home displayed or presented to the market in the best light possible and presented to as many buyers as possible.

And at Modern Traditions Realty Group, we believe we do that better than anybody else. I know you're probably thinking, my, my, my, my, my, everybody says that. The reality is we do things from a marketing perspective that other real estate agents and brokerages haven't even thought of. To find out more, go to gogaddisradio.

com, G O G A D D I S radio. com or call us at 770.

One of the things that we've struggled with as real estate agents over the last four or five years, really the last 10 years, is that we have all of these interlopers and interluders, Realtor. com and Zillow, that basically steal the leads from a listing agent and sell them back to the listing agents or other agents, and we are now a Zillow Showcase Listing Program partner, And we've listed a couple of houses, and our contact information can be in Zillow, and consumers can contact us directly.

You're probably listening, thinking, why does that matter? Well, as a buyer, you can get the information straight from the horse's mouth. And as a seller, you're going to have someone who understands your home. Who wants to sell your home, answering questions for buyers instead of an agent who really could care less.

Thanks for joining us for another week's edition of go Gattis real estate radio. We'll be back. Same time, same channel next week. See you then Atlanta. Have a great week.