Housing market updates from Atlanta

[ChillDude]

On 7/16/2024 at 1:10 PM, dreamchaser said:

@Sonu_PatelMy friend bought 25 year old home( sold for 320k in 2019) for 540k in 2021 in Cumming when bidding was crazy in Georgia.Do you think he made the right decision?Will this home value go down?

Future lo koncham less ki sell chesina he is still in profit as his interest rate is 2.75%

[dreamchaser]

4 minutes ago, ChillDude said:

Future lo koncham less ki sell chesina he is still in profit as his interest rate is 2.75%

hi interest rate was 4.5%

[Sonu_Patel]

1 hour ago, ChillDude said:

Future lo koncham less ki sell chesina he is still in profit as his interest rate is 2.75%

overall.. there are very less buyers in market right now.. than the total inventory of home.

perfect setup for price reductions and downfall. 

[ForEverJava]

1 hour ago, Sonu_Patel said:

overall.. there are very less buyers in market right now.. than the total inventory of home.

perfect setup for price reductions and downfall. 

Asalu ee area Anna nuvvu Austin Dallas Atlanta NC Arizona all rounder laga real estate cover chestunnav from few years in this DB

[Sonu_Patel]

31 minutes ago, ForEverJava said:

Asalu ee area Anna nuvvu Austin Dallas Atlanta NC Arizona all rounder laga real estate cover chestunnav from few years in this DB

ipudu Atlanta move aya anna.. 

Dawsonville lo untunna.. very beautiful and close to nature. 

[neneno1]

54 minutes ago, Sonu_Patel said:

ipudu Atlanta move aya anna.. 

Dawsonville lo untunna.. very beautiful and close to nature. 

Dawsonville which is far from anything lanti remote places lo untu Atlanta gurinchi Nuvvu iche sollu and wrong updates. Me remote oorlo updates ani cheppu and Atlanta suburbs updates.

Atlanta suburbs lo market is great and still bidding for homes

[Sonu_Patel]

3 hours ago, neneno1 said:

Dawsonville which is far from anything lanti remote places lo untu Atlanta gurinchi Nuvvu iche sollu and wrong updates. Me remote oorlo updates ani cheppu and Atlanta suburbs updates.

Atlanta suburbs lo market is great and still bidding for homes

I am being very transparent anna.. links kuda vesa kada anna.. 

wrong updates emundi anna.. overall market salla baddadi.. same story every where now.

news lo ravatledu anthey.. 

[ChillDude]

7 hours ago, Sonu_Patel said:

overall.. there are very less buyers in market right now.. than the total inventory of home.

perfect setup for price reductions and downfall. 

2020-2021 lo 2.75% interest ki ekkuva price petti konna vaalaki pedda loss raadu ani I feel.. They also saved rent for last 4 yrs..

People buying after 12 - 24 months will probably buy for 2020 prices at 5 - 5.5% interest

[Sonu_Patel]

11 hours ago, ChillDude said:

2020-2021 lo 2.75% interest ki ekkuva price petti konna vaalaki pedda loss raadu ani I feel.. They also saved rent for last 4 yrs..

People buying after 12 - 24 months will probably buy for 2020 prices at 5 - 5.5% interest

100% agreed anna.. It will be a slow process, takes good few months to normalize the prices. 

[Sonu_Patel]

16 hours ago, neneno1 said:

Dawsonville which is far from anything lanti remote places lo untu Atlanta gurinchi Nuvvu iche sollu and wrong updates. Me remote oorlo updates ani cheppu and Atlanta suburbs updates.

Atlanta suburbs lo market is great and still bidding for homes

anna.. bidding ekkada jarugutundi anna.. 

look overall markets.. inventory crazy ga up avthondi. 

still bidding antav..  biddings vesi konte happy ga untava nuvu. 

[Sonu_Patel]

On 7/11/2024 at 11:20 AM, neneno1 said:

Look at this in Cumming. Listed for 2.5M.

they signed for 1.6 in 2023. now if they reduce it by 100k danni housing market crash or down antava?

many of them are listing for more than market value and reducing it very little and still gaining huge profits

 

https://www.zillow.com/homedetails/7120-Wild-Violet-Dr-Cumming-GA-30041/352653626_zpid/

@neneno1 bhayya.. 2.5 nunchi.. 2.2 ki reduction chesaru .. chusava..

unnava .. price reductions are real bro.. 

[Sonu_Patel]

On 7/17/2024 at 11:52 PM, ChillDude said:

2020-2021 lo 2.75% interest ki ekkuva price petti konna vaalaki pedda loss raadu ani I feel.. They also saved rent for last 4 yrs..

People buying after 12 - 24 months will probably buy for 2020 prices at 5 - 5.5% interest

Huge Inventory is coming anna.. I think interest rates tagginchina..

inthaka mundu unantha demand undaka povachu because buyers have more options available now. 

[Sonu_Patel]

On 7/17/2024 at 7:08 PM, neneno1 said:

Dawsonville which is far from anything lanti remote places lo untu Atlanta gurinchi Nuvvu iche sollu and wrong updates. Me remote oorlo updates ani cheppu and Atlanta suburbs updates.

Atlanta suburbs lo market is great and still bidding for homes

look at this listing anna.. 100k price reduce chesaru chudu.

https://www.zillow.com/homedetails/3415-Andover-St-Cumming-GA-30028/352450329_zpid/

[Sonu_Patel]

Price history

Date	Event	Price
7/17/2024	Contingent	$725,000$223/sqft
Source: GAMLS #10322973Report a problem
7/12/2024	Price change	$725,000-6.5%$223/sqft
Source: FMLS GA #7405524Report a problem
6/26/2024	Price change	$775,000-6.1%$238/sqft
Source: FMLS GA #7405524Report a problem
6/20/2024	Listed for sale	$825,000$253/sqft

[Hitman]

23 minutes ago, Sonu_Patel said:

Price history

Date	Event	Price
7/17/2024	Contingent	$725,000$223/sqft
Source: GAMLS #10322973Report a problem
7/12/2024	Price change	$725,000-6.5%$223/sqft
Source: FMLS GA #7405524Report a problem
6/26/2024	Price change	$775,000-6.1%$238/sqft
Source: FMLS GA #7405524Report a problem
6/20/2024	Listed for sale	$825,000$253/sqft

Congrats! Bro. final gaaa 100,000 discount to konnav... You rock..