Updated commentary on trends in each of the top zipcodes in North Atlanta.

These charts represent an index that combines the prices, inventory and days on market to arrive at an index number. Higher than 30 and it is a “seller’s market” lower than 30 and it is a “buyer’s market”. While the indexes confirm that we are still in a buyer’s market, note the trend for each of these top zipcodes.

Some are more dramatic than others but note that the trends appear to be indicating that demand is firming up in the sought after neighborhoods in East Cobb, Dunwoody and Vinings.  The Vinings market has received some positive press in the last few weeks for appreciation and absorption.  It would be good to note the sample size in those numbers as the Vinings market is smaller and has also experienced a lot of infill development where properties that replaced older homes were sold at significantly higher prices than what was previously there.  Interestingly the Buckhead zipcodes of 30305,30342,30327 and 30319 are not as positive in the short-term.   

For more in-depth analysis by zipcode sent directly to you every week. Let us know and we will be glad to include you on our personalized eblast list.  These are customized to the areas you are interested in and can include actual sold data and days on market for each transaction.

Only a few weeks away from total finish, this beautiful home is the creation of Virginia Wagener of Homes of Elegance LLC.  Virginia has used her considerable talents and eye for detail to create a masterpiece in the sought after community of Heathermoor in East Cobb.  The area of East Cobb County has long been know for having some of the best schools in Atlanta.  Recreation optionsat the Chattahoochee River, shopping and dining are minutes away in historic downtown Roswell and the boutique shopping district, The Avenues of East Cobb. 

Sarah Smith Elementary School will build a Primary Center Annex at 4141 Wieuca Road.  On April 16, 2008 the NBCA North Buckhead Update e-mail made the following announcement:
APS APPROVED 4141 WIEUCA AS PRIMARY CENTER
The APS approved the purchase of 4141 Wieuca Road as the site of a K-1 (possibly K-2) Primary Center yesterday. They plan to have the primary center ready for occupancy mid-year in the 2009-10 school year. Until then, kindergarten students will continue to use the Kindergarten Center at 4100 Roswell Road.

For a copy of the 4/28/08 Traffic Impact Study - Proposed Wieuca Road School Site - April 2008 that was done to confirm the final decision please email us at dede@atlantafinehomes.com and we will send you a copy.   

The International Baccalaureate Program strives to develop students who are critical and compassionate thinkers and who are informed participants in local and world affairs. This model is used by Bolton Academy, Morris Brandon, Garden Hills, Warren T. Jackson, E. Rivers, and Sarah Smith Elementary Schools, as well as Sutton Middle School and North Atlanta High School. Each programme promotes the education of the whole person, emphasizing intellectual, personal, emotional, and social growth, through all domains of knowledge, involving the major traditions of learning in languages, humanities, sciences, mathematics, and the arts.  For more information on the IB Program visit the international website at www.ibo.org.   For more information about the local program and options in other districts contact us.

    Today’s Custom Home Magazine in Atlanta features Cheri Riley of Atlanta Fine Homes Sotheby’s International Realty in their June/July Issue now on newsstands with a circulation of over 50K copies per issue.  In addition the new Vinings development, Avignon, by Kairos Development is featured.   Avignon is one the most attractive new developments under construction in Vinings. 

Click here to download a complete copy of Cheri’s article in Today’s Custom Home.

Particularly if you enjoy modern or international design.  The ingenuity of the manufacturers that Trendir.com tracks is incredible.  Scrolling through the thousands of state of the art and unusual home decor options featured is a top guilty pleasure of mine.

For example,  a must have for your shower might be “TileVision”. Both a mirror and a waterproof TV, Porter Lancastrian has created a 23” widescreen LCD unit specifically for the bathroom. Featuring a heated screen that prevents condensation, the TileVision is waterproof and tamper-proof. When not in use the LCD screen is invisible, only the remote control hints at its true function.  A TV that looks like bathroom tile. 

If you haven’t been keeping up with the amazing options in fireplaces consider this offering.  According to Trendir.com “Install a fireplace in your home that is truly distinctive – the Mazzetto and Rondo Fireplaces from Redwitz have a class all of their own. Unlike anything you may have seen before, these two fireplaces are a far cry from the stainless steel, minimalist aesthetic that dominates the market today. Rather, they are rendered in refined steel with a unique appeal and intrigue. Rondo is a round fireplace with a rustic, antique appearance. It resembles a found object; something that could perhaps tell us a story about its previous life. Its form is simple, its function is warmth. Mazzetto, on the other hand, is more elegantly detailed. The shadow of the intricately swirled front grind is etched on the wall behind, making it even more eye-catching. Compact and artistic, both fires are a stunning way to add interest and warmth to any wall in the house.” These fireplaces literally hang on the wall like art. 

How about a radiator that is a piece of glass? 

There are thousands of unique home decor and fixure options from around the world that I haven’t found referenced anywhere else and the ability to quickly scroll through hundreds of items makes it easy to keep up.

If you have a favorite home decor and design link let us know. 

We have just created a mini version of our web posts that can be installed on any other website. This small application will allow viewers to scroll through the last few posts that were made to our website and click through for more information. It is free to install and is just one more way for us to reach the 84% of buyers who begin their search for real estate and real estate expertise on the internet.

For an explanation about what Market Action Index (MAI) is and who publishes it click to this earlier post.  These charts that I prepared for zip code 30028 and 30050cover the area we know as “Dunwoody” and “Sandy Springs”.  With the incorporation of Sandy Springs into a city the border of which does bleed into 30027 this index will not be a totally correct one.  Refer to 30327 which is primarily Buckhead and is available on that chart.

We will include just these two zipcodes to define Dunwoody and Sandy Springs for monitoring  residential real estate trends.  Keep in mind that these charts are only referring to the “top tier” properties in the area.   That is defined as the top 25% of the market in terms of sales price, since we specialize in distinctive and luxury real estate, that is the sector we monitor.  For a more macro view check out this link and if you want to receive a very detailed report weekly on your overall market please fill out the request form and we will make sure you get it in your email every week.

A Market Action Index (MAI) value greater than 30 typically indicates a “Seller’s Market” because demand is high enough to quickly gobble up available supply.  A hot market will typically cause prices to rise.  MAI values below 30 indicate a “Buyer’s Market” where the inventory of already-listed homes is sufficient to last several months at the current rate of sales. 

For an explanation about what Market Action Index (MAI) is and who publishes it click to this earlier post.  This chart that I prepared for zip code 30339 covers the area we know as “Vinings Village“.  To someone unfamiliar with the area it may not make sense because it has an Atlanta address and there are also neighborhoods with a Smyrna address that refer to their location as Vinings.  Vinings Village is bordered by the railroad tracks to the west and the river to the east.  Hwy 41 to the north and Log Cabin Road to the south. 

Keep in mind that this chart is only referring to the “top tier” properties in the area.   That is defined as the top 25% of the market in terms of sales price, since we specialize in distinctive and luxury real estate, that is the sector we monitor.  For a more macro view check out this link and if you want to receive a very detailed report weekly on your overall market please fill out the request form and we will make sure you get it in your email every week.

A Market Action Index (MAI) value greater than 30 typically indicates a “Seller’s Market” because demand is high enough to quickly gobble up available supply.  A hot market will typically cause prices to rise.  MAI values below 30 indicate a “Buyer’s Market” where the inventory of already-listed homes is sufficient to last several months at the current rate of sales. 

For an explanation about what Market Action Index (MAI) is and who publishes it click to this earlier post.  These charts that I prepared for zip code 30062 and 30068 cover the area we know as “East Cobb”.  To someone unfamiliar with the area it may not make sense because most of this area has a Marietta address. 

For purposes of tracking though we will include just those two zipcodes to define “East Cobb” for monitoring  residential real estate trends.  Keep in mind that these charts are only referring to the “top tier” properties in the area.   That is defined as the top 25% of the market in terms of sales price, since we specialize in distinctive and luxury real estate, that is the sector we monitor.  For a more macro view check out this link and if you want to receive a very detailed report weekly on your overall market please fill out the request form and we will make sure you get it in your email every week.

A Market Action Index (MAI) value greater than 30 typically indicates a “Seller’s Market” because demand is high enough to quickly gobble up available supply.  A hot market will typically cause prices to rise.  MAI values below 30 indicate a “Buyer’s Market” where the inventory of already-listed homes is sufficient to last several months at the current rate of sales.