For an explanation about what Market Action Index (MAI) is and who publishes it click to this earlier post.  This chart that I prepared for zip code 30339 covers the area we know as “Vinings Village“.  To someone unfamiliar with the area it may not make sense because it has an Atlanta address and there are also neighborhoods with a Smyrna address that refer to their location as Vinings.  Vinings Village is bordered by the railroad tracks to the west and the river to the east.  Hwy 41 to the north and Log Cabin Road to the south. 

Keep in mind that this chart is only referring to the “top tier” properties in the area.   That is defined as the top 25% of the market in terms of sales price, since we specialize in distinctive and luxury real estate, that is the sector we monitor.  For a more macro view check out this link and if you want to receive a very detailed report weekly on your overall market please fill out the request form and we will make sure you get it in your email every week.

A Market Action Index (MAI) value greater than 30 typically indicates a “Seller’s Market” because demand is high enough to quickly gobble up available supply.  A hot market will typically cause prices to rise.  MAI values below 30 indicate a “Buyer’s Market” where the inventory of already-listed homes is sufficient to last several months at the current rate of sales. 

For an explanation about what Market Action Index (MAI) is and who publishes it click to this earlier post.  These charts that I prepared for zip code 30062 and 30068 cover the area we know as “East Cobb”.  To someone unfamiliar with the area it may not make sense because most of this area has a Marietta address. 

For purposes of tracking though we will include just those two zipcodes to define “East Cobb” for monitoring  residential real estate trends.  Keep in mind that these charts are only referring to the “top tier” properties in the area.   That is defined as the top 25% of the market in terms of sales price, since we specialize in distinctive and luxury real estate, that is the sector we monitor.  For a more macro view check out this link and if you want to receive a very detailed report weekly on your overall market please fill out the request form and we will make sure you get it in your email every week.

A Market Action Index (MAI) value greater than 30 typically indicates a “Seller’s Market” because demand is high enough to quickly gobble up available supply.  A hot market will typically cause prices to rise.  MAI values below 30 indicate a “Buyer’s Market” where the inventory of already-listed homes is sufficient to last several months at the current rate of sales. 

“Opportunities” is the category where we will post about pending foreclosure notices, potential short sale situations, renovations, revitalized neighborhoods and just great deals as we see them.  Of course we can’t tell you all of them!  That would be for our exclusive clients but there are a few great examples every month that we will showcase. 

Remember that a notice of foreclosure does not necessarily mean that the property will ever make it to auction.  That is why we call those situations “Notices to Note”.  Many times, the owners are able to work something out with the lender to recast the loan or a buyer may approach the seller before auction and buy the property subject to any encumbrances the buyer may or may not be able to discover.  I personally like REO’s that have gone to auction and been bid back in by the lender.  In fact, I nearly tripled my money on one such opportunity.  There are less unknowns and the property you inspect will likely be in the same shape when you take posession as it was when you inspected it.  In any given month there are hundreds of foreclosures in the Atlanta markets we serve.  We will highlight properties we think are worth watching in that subcategory “Notices to Note”.  Subscribe to the feed and you can get those properties the minute we post them.  We pay all the expensive subscriptions so you don’t have to and we preselect what we highlight based on the luxury market we serve.  

A home on the market that we feel is just right for renovation is another opportunity we will post under “Ready to Renovate“.  I have purchased for my own account, and found for clients, wonderful homes that were overlooked by other buyers in the market.  They may have started out priced too high or simple cosmetic issues may have turned potential buyers off. 

One such purchase I made was a combination of both condition and price.   I had been watching the property for months and when a huge storm sent an oak tree through the family room the time was right for an offer.  Interestingly, a well-known T.V. personality who renovates properties on his own show purchased this property from the buyer I flipped it too.  I was pleased to see that the changes I made to make it marketable were just enough as aside from some paint changes, the home was virtually the same last winter when he sold as it was when I sold it five years ago.  

We will also showcase neighborhoods in Atlanta whose time has come due to rezoning or changes in nearby infrastructure or amenities that make them “Worth A Second Look”.   I have a handful of favorites and there is nothing “greener” than revitalizing an aging community rather than creating one in a green field.  It feels good to be a part of repositioning an asset so people see it in a whole new way.  Invariably these situations are the result of many passionate people with a common goal.

So check out “Opportunities” or subscribe to the feed.

 Remember that an index above 30 indicates a hot market where demand is greater than supply and prices start to reflect that. Below 30 and you are entering a cooler market where buyers have more of an advantage.

Four different zip codes cover the community of Buckhead in Atlanta, Georgia.  30342 encompasses the Chastain area and straddles both sides of Roswell Road taking in Brookhaven and North Buckhead.  30327 is the “finger bowl district” as defined by that area above West Paces Ferry Road from Northside Drive to the West and Roswell Road to the East.  30305 is the Lenox area and the east side of Peachtree Road.  30309 is the south Buckhead area.  It encompasses Brookwood Hills, Brookwood, Collier Hills and Peachtree Hills and takes you to the southernmost border of Buckhead. 

According to Altos Charts the Market Action Index (MAI) illustrates the balance between supply and demand using a statistical function of the current rate of sale versus current inventory. Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Market zone for a long period, prices are likely in for a downward correction.

A Market Action Index (MAI) value greater than 30 typically indicates a “Seller’s Market” because demand is high enough to quickly gobble up available supply.  A hot market will typically cause prices to rise.  MAI values below 30 indicate a “Buyer’s Market” where the inventory of already-listed homes is sufficient to last several months at the current rate of sales. 

A cold market will typically cause prices to fall.  On the real time charts that we have displayed on this site we have selected the four zipcodes in Atlanta that cover the Buckhead market. 

In addition we have isolated the top quartile to track.  The top quartile is the top 25% of sales in each area. 

We are also providing charts in real time for Vinings, East Cobb and Roswell with the 7 day average and the 90 day average both illustrated.  For a detailed report that shows price per square foot, days on market, average selling price and current inventory levels contact us and we will send you an executive summary.  In addition we compile a ten page extensive report for each of the ten zipcodes in those areas.  Contact us for you copy.  Download this sample of the Vinings 30339 Market Update to view a report.