Tuesday, March 13, 2012

Real Estate Update - Buy Now; Final Arguments Heard in Neuman Trial


While we have yet to see an increase in home prices in the Dunwoody area, or metro Atlanta for that matter, all signs continue to point towards a gradual, if not methodical, rebound in the housing market. 
With that said, there has never been a better time for first-time home buyers or "move-up" buyers with prices at or near the bottom and interest rates at historic lows. 
How many times have we heard the phrase, "Buy low, sell high?" I don’t think real estate can get much lower than it is today.  Even Warren Buffet and Donald Trump are touting the opportunities that real estate presents for building wealth.

There are currently 113 active detached listings in Dunwoody in the 30338 and 30360 zip codes, ranging in price from $185,000 to $1,099,900.  There are currently 42 homes under contract.  The active listings to pendings ratio of 2.7-to-1 is as good as we've seen in the last 5 years.   In addition, 16 homes have sold in the past 30 days.

To view any active listing, including photos, click on the first link.  To view as a line item, click on the 2nd link.  To view the sales price of the 16 homes that sold in the past 30 days, click on the 3rd link.


Sold Homes (sale price at bottom of each listing)

If you know of anyone considering a home sale or purchase, I would be happy to consult with them, and provide exceptional service.

Thanks,
Bob

Defense Says Andrea Sneiderman Pulled Trigger

Atlanta (CNN) -- The defense and prosecution in the trial of a man accused of killing another man outside a Georgia day care center delivered their closing arguments on Tuesday.

Hemy Neuman is charged with murder in the death of Russell "Rusty" Sneiderman in November 2010.
Sneiderman was shot multiple times in the parking lot of Dunwoody Prep in suburban Atlanta after dropping off his son, in what police described as an apparent "cold and calculated murder."
Neuman has pleaded not guilty by reason of insanity, and his defense on Tuesday also implicated the victim's wife in the murder. Andrea Sneiderman has not been charged.
"The gun in this case was in Hemy's hand, but the trigger -- I respectfully suggest -- was pulled by Andrea Sneiderman," defense attorney Doug Peters told the jury.
Click CNN to read full story.

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