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Market Trends
Commentary Provided byLynne Connor and Mary Ellen Vanaken Moving up to a bigger and/or better home at this time could actually cost you very little per month, or in some cases even LESS than the home you are in.... It’s a magic time to be making a move... and a SMART one for people that know how to WIN in a down market. Contact us for details on how that could work for YOU! Lynne Connor & Mary Ellen Vanaken |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Atlanta | ||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||
| Average Time on Market | More than 120 days | ||
| Market Trend | Increasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Average Home Price | $575,000 - View Graph Trend | ||
| Best Selling Price Range | $400,000 - $449,000 | ||
| Worst Selling Price Range | $1,000,000+ | ||
| Compared to Last Year | Down 10-15% | ||
| Prices As % of Asking Price | 90-95% | ||
| Multiple Offers? | No | ||
| Multiple Offers Commentary | Sellers are not receiving multiple offers with the exception of foreclosures. | ||
| Greatest Activity | Repeat Buyers | ||
| Buyer Activity for the past 90 days in Milton is | Decreasing | ||
| Seller Activity for the past 90 days in Milton is | No Change | ||
| Is Financing Available For Qualified Buyers in Milton? | Yes | ||
| Existing Home Prices for the past 90 days are | Decreasing | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||
| Housing Hot Spots | Alpharetta, Roswell | ||
| Reason to Buy/Sell | Population Growth | ||
| Average Sold Price | $575,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Lynne Connor and Mary Ellen Vanaken
Keller Williams Realty Consultants Roswell, Georgia 404-309-3300 connor535@charter.net Agent Home Page 
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Milton Local News
News for Milton, GA - Monday November 16th, 2009 9:16am
Home Buyer Tax Credit Extended and Expanded until June of 2010 and allows the homebuyer to file for tax credit of $8,000 in 2009 by amending 2008 tax return or filing 2009 tax return. Deadline for current extension requires purchase contracts to be signed by April 30,2010 and closed by closed June 30, 2010. An amendment by Johnny Isakson has removed the requirement of being a First Time Homebuyer and has raised the income caps up to $225,000 for joint filers and $125,000 for single filers. Additionally anyone who has owned a home for the past 5 years is now able to get $6500 in tax credit for a new purchase. If you need more information or would like to speak to us about taking advantage of this tax credit, contact Lynne Connor or Mary Ellen Vanaken at 404-309-3300.
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