Atlanta Condo sales have picked up a little last month over the same period last year and over last month, but the longer term trend for Atlanta condos is not positive at all in sales and price. In this Blog post, I am concentrating on attached home sales which includes condos / town homes. According to the most recent sales data released by FMLS which was just released on July 21 2009 there was a slight uptick in condo sales, but when compared to FMLS data for the same time frame period for preceding Junes the trends is not a good thing. I created a 5 year trend graph to allow both buyers and sellers of condos in Atlanta to grasp what is really occurring in our Atlanta real estate market regarding condo sales in Atlanta. Here is the 5 year June Sales Trend Chart for Atlanta condos sold. As you can see, we have experienced a 42% drop in sales of attached Atlanta condos and town homes from the peak in the market of June of 2006.
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Good looking chart there, Mr. Crawford. And it really tells the story in a way that mere words couldn't possibly do.
Once again, it is that time of the month to check out the Atlanta real estate market conditions so I can feel better about my market :) BTW, your graphs really pop. The message jumps off the page.
Margaret Woda, Maryland Real Estate (Long and Foster, Crofton Real Estate) Margaret thanks. One picture is worth a thousand words.
Erik Hitzelberger, --Louisville-Bullitt County Real Estate (RE/MAX Alliance) Thanks. I think that buyers and sellers need to know the truth. Obviously sugar coating things is not getting the message across.
Hi Jim,
Good tracking 5 years, that's a pretty good picture of the overall market. Ours in SoCal would be somewhat similar for condos.
Jim,
That's a scary looking graph. Did they over-build during the boom and now too much inventory?
Orange Co. Real Estate~Lynda Eisenmann, Broker-Owner, CRS,CRB,GRI,SRES, Brea, CA (Preferred Home Brokers) They really over did the condo thing nationally.
Terry Chenier (Homelife Glenayre) They way over did it. A recent article mentioned they have over a 40 year supply given the current rate of sales.
Grat news Jim. Condo sales are also picking up in Orange County too!
Great analysis. It is so important to see current sales in context with the past years, not just months. I love your graph! If you are willing to share how you make them, leave it in a comment on one of my posts or email me! Thanks so much.
Tina Maraj Fullerton Realtor (RE/MAX North Orange County) Thanks Tina.
Lake Norman Real Estate ~ Diane Aurit (LKN Realty, LLC) Actually I use Create a Graph, and touch them up with Snag it.
Nice graphs, Jim. The numbers are tough for sellers, but the quality of your presentation must give them confidence in you.
Jim Valentine (RE/MAX Realty Affiliates) Thanks. From your lips to God's ears.
one glance and I know your market already. . great chart !
Fernando Herboso Real Estate Maryland, DC and Virginia (Key Realty Group-Foreclosures in Maryland,Rockville MD) Thank you Fernando.