Pinewood Realty Group

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So, How’s the Market?

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September 2017

 

  • Listing inventory is 10% lower today than 12 months ago.
  • The average price of a home in September 2017 has increased 10% since September 2016.
  • Average days on the market is down 9.2% of 79 days on the market. This statistic is very price sensitive as $250,000 homes and below are moving significantly faster than $1.5M homes. Know your price range to better predict the time on the market.
  • The number of homes under contract has decreased for the first time since June 2017 at 3.2% from one year ago.

 

 

What Should Sellers Do in this Market?

  • Condition, condition, condition. As prices have risen, the buyer pool is expecting upgrades and better conditioned homes for decor and mechanicals. Before entering the market place, improve the basic areas of the kitchen, bath and service mechanicals of the home.
  • Do not get overly aggressive with your price as the home will still need to appraise. It is better to get a fair market value price quickly than try to wait on the market and negotiate to a lower target. This will reduce buyers to your home.
  • Remove any barriers to sale, by getting pre-approved for your next home before you put your current home on the market. The mental security in knowing you can purchase your next home gives you a better negotiating position when selling.

What Should Buyers Do in this Market?

  • Absolutely, positively be pre-approved for purchasing. Do not change your financial position during the buying process as loan approval is checked and re-checked right up to closing on your new home. In other words, do not quit your job or go out and purchase a big ticket item before closing.
  • With the prediction of less appreciation in price over the next 2 years, try to gather enough money for a 20% down payment if possible. This will reduce your payments as to eliminate the use of mortgage insurance and will insulate your purchase price in the event you choose to sell in the next 3 years.
  • Consider pre-paying your principle or going to a 15-year mortgage. Creating a scenario of more equity will give you more flexibility down the road.

 

The market is both EXCITING and CHALLENGING! We love the industry and love helping our clients! Please feel free to call with questions anytime. We are happy to help!

 

 

 

September Update

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September has been a busy month for the Pinewood Realty Group! We love engaging with the community, giving back and getting our hands dirty. Check out the photos below to see what we have been up to this month!

 

The Pinewood Realty Group had a booth at the North Fayette Elementary Fall Festival. We loved meeting the staff, students and families while having a drawing for a family fun night!    We love getting out in the Fayette County community and meet so many residents.

 

 

This past weekend we started renovation on our new office building, perfectly situated on Lanier Ave and Hickory Ave in Fayetteville. To kick off the project, we got our hands a little dirty during demolition day. We partnered with Hammertime Home Services, a local construction company and they let us take a swing at knocking out a few cabinets, walls and shelves during demolition.

Our Featured Listing

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1241 Sandy Creek Road

 

Peace and tranquility awaits you! This beautiful two story home is move in ready, and is perfectly situated on a 2.3 acre oasis. Impeccable 3 bedrooms, main floor master suite with 5 piece bath, tile floors and a large picturesque window overlooking the oversized backyard. Glowing hardwood floors, 2 story brick wall featuring a gas log fireplace, formal dining area, island kitchen nook with bay windows, granite counter-tops, maple cabinets, and stainless steel appliances can all be enjoyed on the main level.

The secondary bathroom is fresh and new featuring a skylight, and the upper level laundry is roomy and cleverly located. There is an over-sized loft that can be a game room/hobby room/media room ’ – this space could be used for whatever your heart desires! This home is in the Fayette County School district and close to everything; just 20 mins from the Jackson Hartsfield Airport, down the street from Pinewood Atlanta Studios, a short drive to Piedmont Fayette Hospital, and easy access to I-85!

 

ABOUT LIFE IN FAYETTEVILLE

As close as Fayetteville is to Atlanta, it has managed to maintain its own unique identity. In fact, Fayetteville is considered one of the most desirable places to live in the Atlanta region – with the best of big-city vibrancy and small-town community. Fayetteville features a walkable and pedestrian-friendly community boasting of miles of multi-use paths that connect neighborhoods, schools and community centers. The local hospital, Piedmont Fayette Hospital, was named one of the nation’s top 100 hospitals five times.  No other hospital in Georgia has received this recognition. The Fayette County school system is widely regarded as one of the best in the state. Fayetteville is a great place to call home and has managed to maintain its small-town feel and sense of community.

 

Click this link to see more information about this home.

 

How’s the Market, August 2017

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Are you wondering how the market is looking? Look no further! The Market is both EXCITING and CHALLENGING!  We love the industry and love helping our clients!  Please feel free to call us with questions at anytime.  We are happy to help!

 

Graph displays June, July and August stats. The numbers reflect attached and detached single family homes in the Atlanta Metro Area. All data taken from Georgia Multiple Listing Service on August 18, 2017.

 

  • Single Family inventory is down 22.3% from August 2015.
  • Good news, New Foreclosure numbers have been on a downslide since March and down by 13% from last year.
  • Days on the Market is 73; this number is slightly up since April.
  • Pending sales are up by 11% from last year and pretty consistent to last month.
  • Single Family average price of $271,023 for the month of July is 4% higher than July of 2016.
Month/Year Inventory New Listing Solds
June 2017 44,935 14,969 11,400
July 2017 44,465 13,298 10,129
August 2017 39,622 9,208 5,044

The Federal Reserve, FNMA, NAR and most economist would suggest rate increase this year to approximately 4.75-5%.  Buyer power decrease by 10% with every 1% interest rate gain.  Buying now is still a good move for buyers even in a low inventory market.

What Should Seller’s do in this Market?

  • Know the price trends. Overpricing is a mistake in today’s market.
  • Be positioned as the best conditioned home.  You will get top dollar this way.
  • Stay positive, It only takes one buyer!

What Should Buyer’s do in this Market?

  • Become the most attractive buyer by being pre-approved for your loan.
  • Be ready to buy, don’t hesitate when you find the right property.
  • Stay positive, the right home is out there waiting for you.

 

Our Featured Listing

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This classic ranch style home has a modern design and stunning features that make it a stand out in the community. It boasts 4 bedrooms/4 baths, featuring a loft with an en-suite; which could actually be a second master, mother-in law or nanny’s quarters. The state-of-the-art chef’s kitchen is exquisite. High end granite, over 56 cabinets and stainless steel appliances make for a perfect location to entertain family and friends.  Stunning hardwood floors flow through the main level, and are accented by 12 arches to perfectly frame each space. A gas fireplace, eat-in kitchen and formal dining are just a few more highlights. And the 2 car side-load garage floors are so clean you could eat off them!

The master suite is over-sized with plenty of natural light, and includes a 5-piece bath with large walk-in closet. This house is a must see that also includes a fenced in backyard oasis. This house is move-in ready and is within walking distance to Historic Downtown Fayetteville, a few miles from Pinewood Studios, Piedmont Hospital and just 25 minutes from Hartfield-Jackson International Airport. It’s all about Location and Luxury Living at it’s finest!

 

ABOUT LIFE IN FAYETTEVILLE

As close as Fayetteville is to Atlanta, it has managed to maintain its own unique identity. In fact, Fayetteville is considered one of the most desirable places to live in the Atlanta region – with the best of big-city vibrancy and small-town community. Fayetteville features a “walkable” and “pedestrian-friendly” community boasting of miles of multi-use paths that connect neighborhoods, schools and community centers. The local hospital, Piedmont Fayette Hospital, was named one of the nation’s top 100 hospitals five times.  No other hospital in Georgia has received this recognition. The Fayette County school system is widely regarded as one of the best in the state. Fayetteville is a great place to call home and has managed to maintain its small-town feel and sense of community.

Meet the Page Family!

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They say that moving is one of the top five most stressful events in a person’s life.  Well, we are a family of five, all boys under the age of 8.  We moved over 1500 miles across the country, relocated our jobs, schools, sold our home, and had to buy a new home all within a few months.  The stress factor should have been at an all-time high!  What the Pinewood Realty Group team did for us, and what they do best in our opinion, is in the personal connection they offer that helps lift the pressure off the whole home buying process.  They were professional and we felt they understood us and what we were really looking for in a home, in our budget, and in our time frame.  We are so excited about our new home and are very grateful for all of Pinewood Realty Groups service.

Peachtree City – A Great Place to Live

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Are you new to Georgia or a current resident looking for a new place to call home? Have you been searching the ideal community with all the right amenities? Look no further – Peachtree City is the place you will want to call home! Whether you are a first-time homebuyer or looking for the perfect place to retire, you will find Peachtree City offers it all.

Founded in 1959, Peachtree City is located just a few miles south of the Atlanta International Airport. Home to a population of over 35,000, the residents enjoy remarkable residential and commercial living and the some best community services and amenities that Georgia has to offer. In 2016, Peachtree City was awarded five accolades:

• Best Place to Live in Georgia (Livability.com, 2016) (I would add links to each of these stories online about the awards)
• Safest City in Georgia (Safewise.com, 2016)
• Best Suburbs in Atlanta Metro (Niche.com, 2016)
• Best Place to Raise a Family in Georgia (WalletHub.com, 2016)

Peachtree City is best known for its 100-mile network of multi-use paths for pedestrians, cyclists, and golf carts! The paths connect neighborhoods, shopping centers, churches, schools, and parks through tunnels and bridges and wooded scenery. You can virtually ride your bike or golf cart to almost any point in Peachtree City.

The film industry is booming in neighboring Fayetteville and Senoia! It is becoming common for locals to see celebrities hanging out at their favorite restaurants or other hot spots around town. Pinewood Atlanta Studios is a full-service film and entertainment studio that is located in Fayetteville on 700 acres. Pinewood Studios is the second – largest film studio in the United States, behind Warner Brothers.

If you are looking to move to Georgia, Peachtree City is the perfect community that offers fun for the whole family.

Meet Mike and Nicole

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“Selling our home and buying a new one has never been so smooth! In the past everything was stressful. But the Pinewood team took really good care of us and made everything easy. They were real, down-to-earth, and professional at every step. Our new home is wonderful, and we couldn’t be happier!”

Mike and Nicole, 2017
Fayetteville, Georgia