Mediterranean Villa Offered for Sale at 310 Watermark Drive, Peachtree City, Georgia 30269

Hey Peachtree City….Can you feel it????  Ahhhh yeah, love is in the air! As Valentines Day approaches many of us are still in the hunt…..searching for something uniquely different to surprise that special loved one this year. 

So what could be the most awe-inspired gift that would restore your appropriate title of King or Queen of Hearts and place your special someone on that well deserved proverbial pedestal?  Maybe a 2nd honeymoon adventure or a romantic island rendezvous?  How about something rare and exotic?  Okay….all of the above but maybe a bit more intimate this year you think?  I know, you have finally made that decision to step up and DREAM a little bit bigger this year….right? 

No Property Tax Increase In Peachtree City for FY 2010!!

Hey Peachtree City…City Council recently voted by a margin of 3 to 2 not to increase property taxes for fiscal year 2010!  However, Council did agree to increase the millage rate to 5.711 mils.  The increase in the millage rate would prevent the usage of cash reserves for the FY 2010 budget.  Just in case you are wondering were the money is going….approximately 16.5% is headed to Peachtree City, 67.2% goes to Fayette County School Board, 15.5% goes to Fayette County and 0.7% goes to the State.  Three public hearing were scheduled (as required by law) to advertise the increases. 

Market Begins Stabilizing As Unit Sales Levels With 2008!

Hey Peachtree City….Following a month that saw the first year-over-year improvement in four years, August results in the REAL Trends Housing Market Report were level with August 2008.  While these results were not as good as the July results-where unit sales had been up marginally-it does show that the floor of housing unit sales may have been reached.  Nationally, unit sales were down 0.2% in August 2009 over August 2008. The Western region again showed the greatest strength with unit sales up 7% while the South region lagged other regions with unit sales down 3.3%.  On the pricing front, the South showed the best results with average prices for all homes sold down 9.5% while the Western region continued to suffer the largest price declines with a decrease of 18.2%.
 
Unit and price declines were mixed across the regions.  The Northeast region was down 1.5% in units a significant improvement over the prior months while the Midwest and South were down 2% and 3.3% respectively. The Midwest region saw average prices decline 10.4% while the Northeast was down 10.7%.
 
“The August 2009 results were not as good as July’s but were not off by much.  What we are seeing is evidence of a bottoming out in unit sales on a year over year comparison with prices continuing to decline from the year ago period.  The good news is that price declines do not appear to be accelerating but are staying similar on a month to month basis,” said Steve Murray, editor of REAL Trends.  
 
“With the economy continuing to shed jobs and incomes shrinking, this is likely the best result we can expect-that housing sales on a unit basis are flattening out and that price declines are at least not getting any worse for the moment.  While we know that there are substantial challenges ahead, with a predicted rise in foreclosures and continued downward pressure on prices as a result, it would appear that we are closer to the floor of this recession in housing than we have been at any time in the last four years.” 
 
 
Housing Market Report 
 
August 2009                        July 2009                      
(Versus same month a year ago)
 
Closed Sales   AVG Price      Closed Sales   AVG Price
 
National                     
-0.2%                 -12.1%              +2.8%             -10.4%
 
Regional Report
 
Northeast
-1.6%                 -10.7%              -1.2%              -13.9%
 
South   
-3.3%                   -9.5%              -1.7%               -8.7%
 
Midwest
-2.0%                  -10.4%             +3.7%             -10.9%
 
West
+7.0%                 -18.2%            +12.3%            -11.3%

Peachtree City, GA Voted As One of the Top 10 Places to Live in America In 2009!

Kudos to you Peachtree City…Again!  Money magazine has graciously awarded the city the recognition as being one of the best small towns to live in the US.  That’s some awesome bragging rights baby! 

Coming in at #8, Peachtree City and it 34,000 plus residents will all tell you that there is no better place to live and raise a family on this planet!  Personally, it would be pretty hard to disagree and not acknowledge their strong sense of community.  Besides…what’s not to love? 

Federal, State Partners Announce Multi-Agency Crackdown Targeting Foreclosure Rescue Scams, Loan Modification Fraud!

Hey Peachtree City have you recently been victim to a barrage of phone calls, mail and email solicitation from folks targeting you to either Refi or modify your mortgage.  Well, before you engage any firm please beware that there are unscrupulous companies out there looking to prey on their next victim….hopefully it won’t be you!  So before you act, here is some information that may prove helpful!  

As homeowners and communities throughout the country continue to face devastating consequences from the deep contraction in the economy and the housing market, the Obama Administration announced a new coordinated effort across federal and state government and the private sector to target mortgage loan modification fraud and foreclosure rescue scams that threaten to hurt American homeowners and prevent them from getting the help they need during these challenging times. 

Governor Purdue Signs Georgia Housing Tax Credit Bill!

 

Greetings Peachtree City! Well it finally happened! Governor Sonny Purdue signed into law the highly debated House Bill 261 on May 11, 2009. How much controversy was behind this bill? Well, as far as the Georgia Association of Realtors were concerned, it was at the top of their 2009 agenda.

From the side of the opposition however, this bill seemed unnecessary because it was felt that the credit would not pose to be a huge incentive for folks that were preparing to buy anyway. Critics also stated that Georgia is facing a $3.1 billion deficit in fiscal year 2010 and projected deficits projected at $746 million in 2001 and $1.7 billion in 2012.

The Law Of Attraction: Can It Have An Impact On Your Real Estate Business?

Greetings Peachtree City and friends that have followed my blog. Over the last several months I noticed that my sites were getting tons of hits from all over the country as thousands of folks were reading my blogs. (I know because each of my sites has analytics to track visitors) Anyway, if you have read one of my posts you pretty much know that this is definitely not your A-typical real estate blog. 

1st Quarter 2009 Analysis of Peachtree City Home Sales

Number of Sales: 57

Avg. Days on Market                                                         
(solds)   142

Homes for sale now: 343

Avg Days on Market: 115

Month supply of homes: 17.6

 

Fannie Mae Market Conditions Results

Look Back Date: Apr 20, 2009

Report Date: Apr 20, 2009

Inventory Analysis	Prior 7-12 Months	Prior 4-6 Months	Current-3 Months
Total Number of Comparable Sales (Settled):	236	60	71
Absorption Rate (Total Sales/Month):	39.33	20.00	23.67
Total Number of Comparable Active Listings:	296	277	325
Months of Housing Supply (Total Listings/Abs. Rate):	7.5	13.9	13.7

Recent Peachtree City Home Sales

Recent Home Sales for Peachtree City, Georgia   10/1/08 - 12/14/08 

Address                   Subdivision          Sell Price            Bd/Ba                Days on Market               Close Date

 

 

 

205 Melrah Hill         Pinegate              $275,000            4/2                          38                             11/10/08

 

 

407 Ashville Drive    Chadsworth          $233,100           4/2                            201                            10/31/08

 

 
638 Grecken Green   Morallion Hills       $220,000           4/2                           14                             10/24/08

 

 

 

 

119 Sweetgum Road  Lake Peachtree      $113,000            3/2                            97                            10/31/08

Info from FMLS

…Is Now A Really Good Time to Invest in Real Estate?

Alright folks, I have received so many calls and questions related to “is this a good time to buy real estate” that I thought it would make good dollars & sense to write and give you my opinion and thoughts.  (And Folks this is just my opinion I do extensive research and I am an investor but I am only a licensed Real Estate Agent and do not ever intend to be a financial analyst!  There are enough of those guys on special medication out there now!   

 

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