Tuesday, October 28, 2008

EVERY MARKET IS LOCAL!

Everywhere you turn the US real estate market continues to be the showpiece of the current economic downturn. Good news, from any source, is hard to find.

You need to ask yourself this question: Where does my neighborhood, town, county, and state fit into “the big picture”? How do I find the answers?

You find the answers from companies with the local expertise and their ability to compare it to the entire country. The Wells Team, and The Norton Agency, provide you that expertise.

We are the oldest real estate company in North Georgia with over 80 years in the business. WE ARE #1 IN OUR AREA!

Our President Frank Norton Jr. adheres to a philosophy of making all of his agent’s experts in North Georgia. He is our “professor” of demographics, sales statistics, trends, and insight in our local market. As “students” we make it a point to share this information with our clients.

Some statistics from our latest sales meeting:

• New home inventory, in 5 Metro Atlanta counties, continues to decline
• Metro Atlanta home sales from 0-$149,000 are on a pace to be the same as 2007
• The two price parameters that have the biggest changes from 2007 are $300,000-$399,000 and $400,000-$599,999
(Pricing statistics from GAMLS and FMLS)
This represents a small part of the information that we review and discuss to benefit our clients!
If you would like a copy of this report on the North Atlanta area let us know! We will be glad to give you one!


The next time you are thinking about buying or selling, ask yourself the following questions:

• What are the average priced home sales in my area?
• What are the average days on the market in my area?
• What are the average number of expired and withdrawn listings in my area?
• What price range of home is the best seller?
• What are the total number of home sales and what is the future trend?
• Does my community have any projects on the horizon that could affect the sale of my home? (new schools, shopping, highway, etc)
• Do I have a real estate “expert” who can provide all of this information?

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Remember: ALL MARKETS ARE LOCAL! YOU NEED YOUR LOCAL EXPERT TO GIVE YOU AN ADVANTAGE IN THIS VERY COMPETITIVE MARKET!

The Wells Team has lived in the Atlanta area a combined 28 years! WE ARE YOUR NORTH METRO ATLANTA, NORTH GEORGIA EXPERTS! OUR SUCCESS SPEAKS FOR ITSELF!