Metro Atlanta Real Estate Update, Atlanta Neighborhoods are Unique; Appliance Recalls
-This is a transcript from Go Gaddis Radio to listen to the episode click here->
Welcome to another week's edition of Go Gaddis Real Estate Radio, right here on AM nine 20. The answer in this first segment of the show, we've got our Metro Atlanta Residential real Estate update for the last seven days in our, something you should know about Metro Atlanta. Atlanta's in-town.
Neighborhoods are unique, and how do you find out if any appliances in your home have been recalled? Hey, wouldn't you like to know if your dishwasher or your oven or your refrigerator have been recalled so that you can have the manufacturer take care of a problem that you might not even be aware of?
My name is Cleve Gaddis. In addition to being. The host of this radio show, I'm also a full-time real estate agent and broker with a team full of agents helping buyers, sellers, investors, and landlords make the best decisions whenever possible when investing in Atlanta, in when buying or selling any property in Atlanta, north, southeast, or West.
And you're listening to Go Gaddis Real Estate Radio, where we help listeners go from real estate, novice to. So home selling and buying can be done with total confidence and without all the worry that is so typical with life's biggest transactions. We don't want you to learn anything at closing or after that you should have learned before.
Don't forget, we want to connect. It's easy. Go to go gaddis radio.com. That is G O G A D D I S radio.com. You can ask questions that will either answer on the air or off the air privately if you would prefer. You can make comment. You can push back or challenge anything we say. As I tell you, quite often I get a significant amount of people on YouTube challenging the things that we say on the show, and I find all of those interactions very interesting.
You can also share your ideas with us. Request your neighborhood, be featured in our neighborhood Spotlight, and you can subscribe to our podcast. We would love for you to be a podcast supplier. Without further ado, let's jump into the Metro Atlanta residential real estate update for the last seven days.
Why do we look at the market every seven days? Well, we started this in the middle of the pandemic, and we're doing this because we think it is the best way for us to, and for you to be able to keep your finger on the pulse of what's happening real estate wise. In Metro Atlanta, in the last seven days, there were 1,340 new listings entered into the listing.
1,340 as we get. the really strong times of the year. The Aprils, the May, June, July will probably have somewhere closer to 2 20, 200 or 23 or even 2,400 listings in a week. There were 699 homes that went under contract. I would say that is not too bad, given that we were right in the middle of the holiday season.
We had 989, almost a thousand closings also. In the holiday season and we had 1082 homes with a price decrease 1082 homes with a price decrease. If you are a home seller, do I think it is still a good time to sell a home? Yes. Do I think you need to be serious? Do I think you need to be aggressive and assertive when it comes to marketing your home and pricing your home correctly and put it in the right showing shape?
Yes. The days of putting a home on the market and regardless of what the condition of the home is for, its selling for top dollar in just a few days. Flat. Those days are over, but to even assume for one second that it is not easy to sell a home in metro Atlanta. Uh, would be a serious misunderstanding because if the property is desirable and if it is priced correctly, then the odds are it will sell fairly quickly.
For, I'm gonna venture to say that it will sell for more than it would have sold for in this same month last year. Would it? Sell for as much as it maybe would have sold for in May or June of 20 23, 20 22? Probably not. But will it sell for as much as, if not more, than it would've sold for last January or February or March?
I think the answer to that question is yes, and with 1082. Home sellers reducing the price of their home in the last seven days. For those buyers who feel like they've been locked outta the market, those could be 1,082 sellers raising their hand saying, Hey, we might be more motivated to negotiate with you this week than we were.
In the prior week, 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 Gads and I appreciate you being with us during this first segment of the show. We have just reviewed what's happened in the Metro Atlanta real estate residential real estate market for the last seven days, and now we're gonna jump into our, here's something you should know about Metro.
Atlanta neighborhoods are unique and we're talking about Atlanta's InTown neighborhoods. It is so interesting. I live in the city of Johns Creek, which is about 22 or 24 miles northeast of, uh, downtown Atlanta. Most of you from Atlanta probably know where John's Creek is, and I have some friends that I do some coaching and consulting with who are actually down in.
Atlanta Piedmont Park area. And this one gentleman, his name is Zach, and he is one of my really good close friends and anybody who does real estate down in that area, you will have heard, recognized the name Zach. And when Zach and I are at conferences together, people will ask me where I'm from and I'll say, I'm from Atlanta, and all of a sudden I hear this voice coming out across the room.
No, he's not. No, he's not. Because Zach says he's from Atlanta because he's down in the city limits of Atlanta, and I'm just from the suburbs of metro Atlanta, which is very, very true. But I consider myself from Atlanta, even though I don't live in the city. Atlanta's neighborhoods certainly are unique.
Atlanta's leafy streets are full of unique and popular neighborhoods that, uh, offer something for everyone. Buckhead. Which is south of Chastain Park, west of Brookhaven, east of the Chattahoochee River. I didn't even realize that. Buckhead, the limits of Buckhead went all the way over to the Chattahoochee River, and then it goes all the way down to the V that is created by 75, splitting going northwest and 85 splitting, going northeast, uh, north of downtown.
And it features an upscale vibe for sure. With retail mecca and fabulous foods, you'll find luxury high rises and condos in the area, outfitted with pools, covered parking and onsite parking. Next is Midtown Atlanta, and I'm giving you the specific location because in many cases I can't even picture exactly where these locations are.
Specifically. Midtown Atlanta is defined as being west of Piedmont. South of where 85 splits off going northeast. 75 splits off going northwest east of 75 and 85 and north of, let's just call it North Avenue. Now it doesn't follow North Avenue specifically. The line kind of jogs up above North Avenue, but let's just call North Avenue.
Which I believe is where the varsity is located is the southern end of Midtown, but Midtown Atlanta is where public transportation, green space, and entertainment venues intersect. You'll find a mix of high rises, smaller apartment complexes and walkable pocket parks, walkable pockets to museums and theaters.
It is an area that I. Seriously consider living in myself. I'm gonna be selling my home sometime later this year, and, uh, I would love, I love the thought of living in a condo in an area that is really, really walkable. Next is Virginia Highland, Virginia Highland is west of Druitt Hills, north of North Avenue, and east of Piedmont Park.
So Midtown is west of Piedmont Park, Virginia, Highland, east of Piedmont Park. It's a family friendly area. It also still attracts young professionals looking for pubs and good food and quick access to Midtown. The last two InTown neighborhoods, we've got Druid Hills, uh, which is around Emory University.
It's east of I 85. Uh, and around the Emory University area, it's a leafy and quaint area with quiet, laid back vibes. It's easy to see why it was considered Atlanta's first suburbs. And it's interesting to me to think that Druid Hills, which sort of sits right down on top of the city, would be considered an Atlanta suburb.
And then for a funkier vibe, head to Old fourth Ward. Old fourth Ward is west of Edmond Park and little five Points, it's east of downtown. It is south of North Avenue and um, that is not where I thought Old Fourth Ward would be, even though I'm very familiar with the area. But Old Fourth Ward and surrounding neighborhoods you can go to for pubs and restaurants and easy access to the Atlanta BeltLine, which I would love to go walk on the BeltLine sometimes soon.
New apartment complexes with mixed use spaces are increasingly popping up. They attract urban dwellers. Looking con, looking for convenience with all the hustle and bustle. A few Atlanta neighborhoods that we believe are unique that you should experience. Buckhead Midtown Atlanta, Virginia Highland North Drut Hills, or Druitt Hills, and Old Fourth Ward.
If you're looking to sell your home anytime in the next six months, we believe we can sell your home for $28,000 more than your neighbor sold his or her home for. How do you find out more? Go to go gaddis radio.com. Click on sell for $28,000 more. Put in just a little information. I'll reach out to you and visit with you myself.
We do two things that other real estate professionals do not do. Number one, we comp. We prepare for you a customized maximum value plan, which is like an appraisal on steroids. And number two, you can participate in our r and r program. You rest and relax while we rehab and refresh your property with up to a $15,000 budget.
We will advance you the money. We will make the repairs, we will collect the money back at closing and the additional fees. Zero. We've had people where we've invested $12,000 and wind up selling their house for $40,000 more than they thought they would sell it for. This segment of the show is brought to you by John Birchfield and Brand Mortgage.
John makes it his mission, excuse me, in Capital City Home Loans. Gosh, that's a throwback. A couple of years ago, John Birchfield and Capital City Home Loan, John makes it his. To got each home buyer step by step through the entire loan process so they are educated and confident in the mortgage options available and can make the best decisions along the way.
John can be reached by calling 6 7 8 2 2 6 7 8 8 7 6 7 8 2 2 6 7 8 8 7. Are you worried that any appliances you ha you have around your house may not be functioning correctly? Maybe they're new, but they don't seem to be working as they should. Maybe there was a recall and you weren't notified. We got a listener question from Melinda and Rockmart.
She says, we think our refrigerator has a recall on it. How do we find out? Well, if you were working Melinda with one of our real estate agents as part of our sheer home buying system, we would run a recall check for you or use a home inspector that would do the same. But I'll give you some advice. Just go to www.cpscconsumerproductsafetycommission.gov/recalls, so it's www.cpc.gov/recalls.
R E C A L. S to find more information. We're going to take a quick break When we come back, we've got John Birchfield of Capital City Home Loans. We're gonna discuss rate projections for the new year, tax return filing, season U, using potentially your refunds to buy a home. And we're gonna discuss when lenders do need a tax return to verify income.
Stick with us. We've got those subjects and more we'll be back.